Dot was built to allow students in Africa to make direct payments, instant transfers, and manage healthy spending habits.
Make direct payments to 300,000+ merchants, instant transfers to and between 5 banks, and experience personalized budgeting.
","video_url":"https://youtu.be/NXDqALdCz0o","position":"1","on_nav":"false"},{"name":"downloads","display_name":"Downloads","position":"10","subhead":"Downloads","version":"1.0","header":"Access Investor Materials ","text":"Thanks for getting this far! If you are interested in building the future of student payments, please take a quick look at our pitch deck. We are super excited to jump on an intro call too.
","items":[{"title":"Pitch Deck, Revenue Projections","description":"This is our private data room. It contains detailed information about the team, has our full pitch deck, and also explores our revenue model and projections deeply. Please click to view with your email address.
Our Business Model Canvas explores important bits and pieces of our business plan.
","already_has_image":"false","downloadable":"true","download":"https://pitchpages-ceo-2021-public-prod.s3.amazonaws.com/companies/ce0d1d58-9f87-4e58-a44e-fbb7e4808765/876f0c67-e25f-4ade-ae98-ca733ddcd353/assets/1665464865770_dots-bmc.pdf"},{"title":"Product Prototype","description":"Visit our product demo! See what the product looks like. This is for demo purposes only. We plan to go live as soon as possible. We are in the middle of fundraising money to pay our partner and cover upfront costs.
Dot is a team of ex-startup founders, engineers from Google, Andela, Interswitch, and Udacity, designers from Z-Notes, Microsoft, and ex-consultants. Meet the team allowing students to follow their hearts.
","items":[{"name":"Abdulrasaq Amolegbe","title":"Co-Founder/CEO","description":"As a third-time founder with two failed startups, Abdulrasaq combines his lessons and experience as a consultant for 200+ SMEs in Africa to lead the team. He's a Ford Fund Fellow and a Y Combinator Startup School alum, studying at Lehigh University.
","linkedin":"https://bit.ly/3S5wcB6","image":"https://pitchpages-ceo-2021-public-prod.s3.amazonaws.com/companies/ce0d1d58-9f87-4e58-a44e-fbb7e4808765/876f0c67-e25f-4ade-ae98-ca733ddcd353/assets/1663824821551_dulras-image.jpeg"},{"name":"Amante Ngwenya","title":"Co-Founder/CTO","description":"A second-time founder, Amante built his first startup to $500,000 in revenue and declined two job offers to join Dot. He brings his tech skills from Takealot (Amazon for Africa), Google, Dutch govt, and HackerOne, the #1 security & hacker platform.
","linkedin":"https://bit.ly/3qY4MBe","image":"https://pitchpages-ceo-2021-public-prod.s3.amazonaws.com/companies/ce0d1d58-9f87-4e58-a44e-fbb7e4808765/876f0c67-e25f-4ade-ae98-ca733ddcd353/assets/1663824821556_image.png"},{"name":"Tamuda Chimhanda","title":"Co-Founder/Design Lead","description":"A third-time founder, Tamuda built a virtual reality company and an award-winning Edtech startup. He brings his experience working at Microsoft and as part of the design team for Z-Notes. He's a current student at the University of Rochester.
","linkedin":"https://bit.ly/3C1Om10","image":"https://pitchpages-ceo-2021-public-prod.s3.amazonaws.com/companies/ce0d1d58-9f87-4e58-a44e-fbb7e4808765/876f0c67-e25f-4ade-ae98-ca733ddcd353/assets/1663824821565_tamuda.jpeg"},{"name":"Chukwuma Mabi","title":"Lead Developer","description":"Chukwuma Mabi has 5+ years of technical experience building robust enterprise solutions for two unicorns, Andela and Interswitch. In addition to working with large fintechs, he joined the team with the passion to build from zero to one.
","linkedin":"https://www.linkedin.com/in/mabichuks?lipi=urn%3Ali%3Apage%3Ad_flagship3_profile_view_base_contact_details%3BDwNB0nx%2BSRihggv9COB1LA%3D%3D","image":"https://pitchpages-ceo-2021-public-prod.s3.amazonaws.com/companies/ce0d1d58-9f87-4e58-a44e-fbb7e4808765/876f0c67-e25f-4ade-ae98-ca733ddcd353/assets/1666751859257_image-1.png"}]},{"name":"projection","display_name":"Projections","subhead":"Projections","version":"1.0","position":"7","text":"Out of 25,000 students using ALLXS- an e-commerce platform for schools- 600+ joined our pilot. Our new product allows all 25,000 to fund their Dot wallet with ALLXS. At 20,000 users, we see a drop and a pivot outside of ALLXS before hitting 40k users
","header":"GTM: Scaling 600+ pilot users to 40,000 users in 18 months","unitMeasurement":"users","dateFormat":"MM/YYYY","items":[{"date":"07/31/2022","value":"600"},{"date":"12/31/2022","value":"1000"},{"date":"03/31/2023","value":"3000"},{"date":"05/31/2023","value":"5000"},{"date":"08/31/2023","value":"10000"},{"value":"10000","date":"12/31/2023"},{"value":"25000","date":"03/31/2024"},{"value":"40000","date":"08/31/2024"}]},{"display_name":"Problem & Solution","header":"African students struggle with opening local and international bank accounts.","items":[{"title":"Direct Merchant Payments (Online and Physical)","text":"Sign up with your student ID. Make payments to 300,000 merchants directly from your dot wallet. It's instant, secured, and requires only your authentication. No credit card. No debit card. Just your dot wallet!
#Follow Your Heart
"},{"text":"Send and receive money to friends at the speed of messaging. Instant bank transfers rather than a 48-hour wait time. In a hurry? Use our QR feature. Short of cash? Tap a button to ask for help! It's instant and fast.
#Follow Your Heart
","title":"Direct and Instant Peer-2-Peer Transfers"},{"text":"Manage your expenses and budget your spending with ease and fun. Create and manage budgets. Dedicate a budget for college, family, and misc spending.
Save Now. Spend Later with our Group Save, Auto Save, Lock N Save features.
#Follow Your Heart
","title":"Personalized Savings and Budgeting Tools"}],"name":"big_idea","position":"2","subhead":"Problem & Solution","text":"With 660+ million students in Africa, many remain unbanked. Opening an account that gives you unlimited access to local and intl services is a nightmare. As a result, students are blocked out of P2P transfers, e-commerce, and wealth management tools.
","version":"1.0"},{"name":"container_cards","display_name":"Milestones","subhead":"Milestones","version":"1.0","position":"5","is_carousel":"true","subtext":"Although we are not where we want to be, we are not where we used to be. The experience has been a huge learning curve. To us, when you know better, you do better. As we roll out our beta, we are committed to moving fast and learning new things.
","header":"Building a Product Users Need Enough to Pay for it and Love Enough to Tell Others About It.","items":[{"icon":"pennant","header":"Pilot","text":"In addition to the feedback from our 600+ pilot users, we conducted user interviews with students across the African continent. We receive responses from 20+ countries. Biggest takeaway: students want a banking experience, not a bank account.
","header":"The Market in the Gap","items":[{"data":"$4,000,000 ","header":"CAC + Margin","description":"Over the next 18 months, we are targeting 40,000+ students.
An average South African student does 30 trans/month
Sums up to 1.2M total trans/month
We make $0.13/trans at $0.03 /user
$156,000 in gross profit and $120,000 in net profit per month
"},{"data":"160+ million","header":"Unbanked","description":"Although over 160 million students have the purchasing power to buy and pay for services physically and in person, they remain disconnected from the world of e-commerce, peer-to-peer transactions, and personal finance.
"},{"data":"80+ million","header":"User Growth ","description":"With a TAM of 160+ million, over the next decade or less, we want to expand our services rapidly to about 80 million students, half of the population of students with the purchasing power to buy, and pay for services physically or online.
"}]},{"name":"business_model","display_name":"Business Model","subhead":"Business Model","version":"1.0","position":"6","is_carousel":"true","header":"Unique Value At a Fraction of the Cost","text":"Our revenue model is student-friendly and equally cost-effective.
","items":[{"icon":"money-check","title":"Revenue Model I","description":"Basic: We charge a flat $0.13/ trans
"}]},{"name":"product_explanation_expanded","display_name":"Product","subhead":"Product","version":"1.0","position":"4","header":"The Future of Payments: Account-2-Account","items":[{"header":"WalletPay","text":"WalletPay connects you directly to 300,000+ merchants in South Africa. With your Dot wallet, pay merchants directly at online checkouts without payment cards. For physical payment, dot is integrated to allow users to easily scan at checkouts
","image":"https://pitchpages-ceo-2021-public-prod.s3.amazonaws.com/companies/ce0d1d58-9f87-4e58-a44e-fbb7e4808765/876f0c67-e25f-4ade-ae98-ca733ddcd353/assets/1667067703605_pay-merchants-2.png"},{"header":"Peer-to-Peer Transfers","text":"Send and receive money to friends on the Dot platform instantly. Outside of Dot? We are also plugged into the top 5 banks. Make instant transfers cross-bank within minutes, not 48 hours. Cross-border and cross-currency transactions coming soon.
","image":"https://pitchpages-ceo-2021-public-prod.s3.amazonaws.com/companies/ce0d1d58-9f87-4e58-a44e-fbb7e4808765/876f0c67-e25f-4ade-ae98-ca733ddcd353/assets/1667067703626_transfers.png"},{"header":"Personalized Budget","text":"Save-As-You-Spend with personalized budgeting tools. Create a budget for multiple expenses: school, misc, fun. Use your budget to buy and track every expense. Each budget allows you to only spend what you want, how you want it, and when you want it.
","image":"https://pitchpages-ceo-2021-public-prod.s3.amazonaws.com/companies/ce0d1d58-9f87-4e58-a44e-fbb7e4808765/876f0c67-e25f-4ade-ae98-ca733ddcd353/assets/1667067703635_budget.png"}]},{"name":"investment","display_name":"Use of Funds","subhead":"Use of Funds","version":"1.0","position":"9","text":"We're raising angel + grants round and we've gotten commitments from 3 investors and won 3 competitions. We plan to go live in November
","header":"Angel Round (Zero to One)","items":[{"investment_amount":"200000","label":"Banking Partnership, Regulatory & Compliance, Talent, Infrastructure Setup"}]}],"tags":[{"id":"32","name":"Fintech","icon":"landmark","createdAt":"2021-09-25T11:30:35.069Z","updatedAt":"2021-09-25T11:30:35.069Z","deletedAt":"null","company_tags":{"company_id":"ce0d1d58-9f87-4e58-a44e-fbb7e4808765","tag_id":"32"}},{"id":"3","name":"Software","icon":"microchip"},{"id":"52","name":"Payments","icon":"credit-card"}],"template_layout":"basic","tertiary_color":"#cccccc"}