Introduction

Welcome to the fourth episode of Wealth Builders! In this episode, we introduce Lipr, Inc. (Lipr), a pan-African mobile payment startup applying to DigitalAMN's 2024-2025 Public Accelerator-Incubator (PAI) Program. Discover how Lipr aims to revolutionize financial transactions across Africa with their innovative mobile payment system.

Summary

Did You Know... it's far easier to move money from the U.S. to Africa, than it is to move money between African countries?

Did you Know... typical bank accounts in Africa are actually cell phone numbers? Crazy!

Lipr is on a mission to transform financial transactions across Africa with a seamless, user-friendly, transcontinental mobile wallet. The app offers features like bill payments, virtual card management, and investment opportunities. With a $300 billion market opportunity and over $5 billion in annual remittances flowing into countries like Kenya, Lipr is tapping into a massive demand. Founded with an ambitious vision and early traction, Lipr is seeking to connect 90% of Sub-Saharan Africa by 2030.

Key Insights:

• Lipr's mission is to revolutionize financial transactions across Africa.
• The challenges of intercountry money transfer in Africa and how Lipr addresses them.
• Features of the Lipr app, including bill payments, virtual card management, and investment opportunities.
• Lipr's progress and challenges in the DigitalAMN PAI Program onboarding process.
• The potential impact and growth opportunities for Lipr in the African fintech market.

Resources:

• Lipr Introductory Site
• Wealth Builders Society
• Lipr Official Website
• FinTech Sandbox Profile
• DigitalAMN PAI Program

Get Active

Let us know what you think. Does Lipr have what it takes to become a viable PAI client and a valuable asset in DigitalAMN’s growing portfolio? Contact us and share your insights!

Join Us: Explore the business of Lipr, Inc.! Engage and get educated! Watch both the Intro and Biz-Dev calls, review the summaries, and delve into the educational materials. Discover how you can actively participate in vetting this innovative startup while learning in real-time how to assess investment opportunities on equity crowdfunding portals. Visit DigitalAMN.com or join the Wealth Builders Society (WBS LinkedIn Group) to learn more.

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