Investing in the Future of Community Finance
We are digitizing Africa's $50B+ informal savings market by scaling the one asset that matters most: trust.
A Proven Model, Ready for Scale
Millions of people across Africa already use community-based thrift systems. This isn't a new behavior; it's a deeply embedded cultural practice. Icontribute isn't trying to change habits—we're upgrading the tools. By digitizing this trusted model, we unlock unprecedented efficiency, security, and scalability in a vast, underserved market.
$50B+
Informal Savings Market
Millions
Active Thrift Users
A Diversified & Resilient Business Model
Our revenue is generated through a multi-stream approach that aligns with our community's financial activities.
Loan Fees
2-5% flat fee per community loan cycle.
Thrift SaaS
Nominal monthly fee for premium tools.
Lock Funds Spread
Margin earned on high-yield locked savings.
VAS Commissions
3-5% commission on bill payments and airtime.
Our Competitive Moat
We don't just compete; we operate in a space our competitors can't easily enter.
Trust-Based Acquisition
Our model grows virally through existing trusted networks, resulting in significantly lower Customer Acquisition Costs (CAC).
Low-Risk Lending
Loans are backed by group savings and social accountability, drastically reducing default risk compared to collateral-based or credit score models.
Cultural Resonance
We are not imposing a new system; we are enhancing a beloved tradition. This deep cultural fit creates a powerful and defensible market position.
Head-to-Head: How We Stack Up
Our community-first model creates distinct advantages over individual-focused fintechs.
| Feature | Icontribute | PiggyVest | Cowrywise |
|---|---|---|---|
| Core Model | ✅ Community Thrift (Esusu) | ❌ Individual Savings | ❌ Individual Investments |
| Lending | ✅ Community-powered (No credit score) | ❌ No | ❌ No |
| Interest Rate (Max) | ✅ Up to 20% p.a. | Up to 13% p.a. | Up to 15% p.a. |
| Community Governance | ✅ Democratic Admin Voting | ❌ N/A | ❌ N/A |
| VAS (Bill Payments) | ✅ Yes (Airtime, Data, etc.) | ❌ No | ❌ No |
| Target Audience | Informal & community groups | Urban, individual savers | Urban, individual investors |
The Ask: ₦130M Seed Round
We are raising a **₦130,000,000** seed round to launch Icontribute, fund a 6-month operational runway, and aggressively capture our initial user base. This capital is the catalyst to turn our validated product into a market-leading platform.
Exit Potential: Strategic acquisition by Mobile Money operators, commercial banks seeking entry into the informal sector, or major Financial Cooperatives.
Use of Funds:
Let's Build the Future Together
We believe Icontribute represents a unique opportunity to invest in a high-growth, culturally resonant business with a clear path to profitability. We invite you to join us on this journey.
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