Venture Profile

Country Uganda
Markets Uganda
Sectors Financial Services ICT Others
Founded April 2016
Website https://chapchapafrica.com

Entrepreneur

  • Monica Kiconco
  • Entrepreneur
    Monica Kiconco
  • CHAP CHAP AFRICA LIMITED

    Inclusive socio-economic empowerment through digital payments.

IT-based solution that enables access to payments of basic necessities like water, electricity, airtime while enabling earnings and savings for the low income population. Our services are aimed at increasing income and resilience for the extreme poor. We ensure inclusive access of basic utilities and financial services for socio-economic empowerment through digital payments.

Fundraising

This venture has not initiated a round of financing on this platform. If they choose to, the summary of the fundraising round will appear to registered investors here.

Idea

Our idea is too complicated to explain in a short pitch. We are already working in BoP markets and want to improve our current offering.

IT-based solution that enables access to payments of basic necessities like water, electricity, airtime while enabling earnings and savings for the low income population. Increasing Income and Resilience for the Extreme Poor. Inclusive access of basic utilities and financial services for socio-economic empowerment through digital payments.

Team

Our founder has the business savvy and persistence to turn ideas into a company. We can build the product. Given the time and money, we can deliver on our promises.

Emodek Emmanuel is the Managing Director. Monica Kiconco is the Chief Executive Officer. James Alituhikya is the Chief Technology and Information Officer. Malcolm Kastiro is the Chief Operating Officer. Lydia Ashaba is the Administrative and Head Support.

Product

We have a working product or service. We have developed the product ourselves and own all of the IP for the product.

Product already tested and now under use by over 26,000 active mobile users. We have been operational for a year.

Revenue

We have a cash-flow prognosis. We already have revenue from paying customers.

The revenue streams are; Commissions earned from the respective Service Providers. Annual Licensing from Agents.

Inclusiveness

Chap Chap Africa Ltd is creating access and usage of appropriate, affordable financial services in Uganda through digitization. It offers the opportunity to rapidly scale up access to financial services using mobile phones helping the poorest and most vulnerable households develop sustainable livelihoods, increase incomes, and move out of poverty.

We involve low-income groups as consumers. We involve low-income groups as distributors. We involve low-income groups as employees.

The scale-up of chapchap will ensure economic social and financial inclusion. The product helps and uplifts the poor and vulnerable households to develop sustainable livelihoods, increase incomes and move out of extreme poverty. Its intervention involves creating jobs for over 50,000 community sales and marketing agents who will extend services to over 1,000,000 users who will benefit from cost, time savings as well as additional incomes from the cash bonuses gained through making transactions.

Documents are only visible to registered investors when the venture is fundraising.