Kickswitch is a registered limited liability company poised at enhancing and expanding the rapidly growing e-commerce platforms in the Nigerian internet market through the production of an effective payment processing alternative such as vouchers. It's no news that many Nigerians are yet to fully utilize the ease of paying for products and services from the comfort of their rooms and these bits of scepticism is executed due to the high level of insecurities portrayed on the web today.
While we can not completely secure everyone's credit card transactions, we are creating a great alternative to payments using Vouchers and USSD codes. This is to say, once we are done, the average Nigerian can pay for anything using just a USSD code or voucher - no more debit cards. Join us on this journey by investing whatever you can afford and together, we will bring this great product to the market.
|Vision||Promote technological advancement in the Information and communication sectors by providing a more convenient transaction method while ensuring that the products and services are of outstanding quality and added value. Our Mission : - Kickswitch will lead the way in making the SMEs and entrepreneurial development, one of the most improved industries in Nigeria by providing innovative technology-based solutions. Through our commitment to quality, constant innovation and integrity, we aim to exceed customer expectations.|
|Major Risk||Most platforms on the internet today is at a risk of facing a security breach by attackers and being a payment processing company, this risk becomes a higher concern. This risk will be mitigated by making available, a non-productive version of our platform to some trusted high-end whitehat hackers to attempt penetration. If during the course of this exercise, they are able to break-in, we will go ahead to block the vulnerabilities on the live portal instantly. We will repeat this process until all security patches have been handled. We will also be adopting industry best practices for Security.|
|Strengths||A thorough survey carried out on a sample size of potential customers in various locations in Nigeria revealed the following; 75% welcomed the proposed system of USSD/vouchers. 10% partially supported the proposed system of USSD/vouchers 15% Non-online shoppers but still appreciate the use of vouchers for payment.|
|Target Market||Up until now a lot of Nigerians with no access to a debit card or are simply not yet used to the technology, are still finding it difficult to pay for goods and services. Kickswitch customers ranges from everyday Nigerians to large corporations and span across all sectors.|
|Profitability||Kickswitch is proposing a value-added service aimed at addressing the bottlenecks currently being experienced in the funding of individual or betting agents accounts. We intend to achieve this by implementing a system where top-up vouchers are made available for customers to enable carry out their online transactions directly from their mobile phones through the use of USSD codes. This is in high-demand and thereby very profitable.|
|Economic Importance||Kickswitch is a trend of service delivery with the aim to curtail all and any eventual service delivery hurdles in carrying out online transactions with the company’s mandate in making e-commerce a lot easier, faster, and convenient for the customers at large just by recharging directly from their mobile phones through the use of USSD codes. We aim at targeting total reduction in lost time while promoting comfort at any point in time.|
|Monthly Operational Cost||N2,000,000|
|Revenue Medium||Transactions fees based on a percentage of funds processed.|
|Five-year Financial Forecast||
Our analysis shows a rapid growth in our finances on a monthly basis and in five years, finances will be at a peak of N100m.
|Est. Break-even Duration||6 months|
|Share for Investors||20%|
|Est. Return on Investment||100%|
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