Investment Opportunity · Industries
Mobile Agent Banking Network
Raising
$1.5M
Target Return
Converts at a 20% discount to the Series A
Horizon
2 years
Min. Investment
$50K
Kwacha Mobile Finance runs a network of 1,400 agents in kiosks and shops across Lusaka and the Copperbelt, handling deposits, withdrawals, bill payments and remittances for two mobile money operators. The round funds 1,100 new agents in rural districts and a float facility so agents never turn a customer away.
Investment Highlights
- US$38M a month through the network, growing 6% a month
- Licensed by the Bank of Zambia as a payment system business
- Agents break even in under five months on average
- Partnerships with both of Zambia's largest mobile money operators
What it needs
- Project value
- $1.5M
- Capital required
- $1.5M
- Already secured
- $300K
- Capital gap
- $1.2M
- What investors are asked for
Expansion (brownfield). Figures as stated by the company; the full breakdown is in the data room.
Investment readiness
- Identified
- Profiled
- Pre-feasibility
- Feasibility done
- Structured
- Investment-ready
- Ownership verifiedDone
- Land or title confirmedNot applicable
- Feasibility studyDone
- Market studyDone
- Financial modelDone
- Environmental approvalNot applicable
- Regulatory approvalsDone
- Offtake or anchor customersDone
- Management team in placeDone
- Data room readyDone
- Capital structure agreedDone
As stated by the company. “Checked” means our analysts have verified a document proving that item; ask for the documents behind any other.
Project Location
Lusaka Province, Zambia
Express your interest
Register interest in Mobile Agent Banking Network ($1.5M · Converts at a 20% discount to the Series A). We connect you with Kwacha Mobile Finance and share the full due-diligence pack.