Investor Dashboard
Key financial KPIs at a glance — % against revenues in QuickBooks-statement style.
Revenue Mix · % of Top Line
Cost Structure · % of Operating Cost
Use of Funds · % of $25M Raise
Problem & Solution
85% lower cost · 6-hour settlement vs SWIFT's 3-5 days
The Problem
MENA SME cross-border payments still rely on correspondent-banking SWIFT rails — 3–5 day settlement, 2.5–4% all-in cost, opaque FX, manual reconciliation. The region's $750B intra-MENA trade flow is taxed by infrastructure designed in the 1970s.
Our Solution
A fintech platform combining direct central-bank licenses in 6 markets, on-us settlement for in-network corridors, and orchestration for off-network. Result: 6-hour settlement, transparent FX, API-first integration with ERPs, all-in cost 0.4–0.6%.
Market Opportunity
$750B intra-MENA trade addressable today
Cross-border B2B payment TAM $230B by 2030 · MENA fastest-growing region (+18% CAGR)
FX spread (40bp blended) + per-transaction fee ($1.50 floor) + premium API tier ($5K/mo). Float income on settlement balances. ~70% take rate vs SWIFT cost stack.
Financial Statements · % vs Revenue
QuickBooks-style readout — every line shown as percentage of its parent total.
Revenue Mix
| Revenue Stream | % of Revenue | Share |
|---|---|---|
| FX Spread Revenue | 55.0% | 55% |
| Transaction Fees | 25.0% | 25% |
| Premium API Tier | 12.0% | 12% |
| Float Income | 8.0% | 8% |
| Total Revenue | 100.0% | 100% |
Cost Structure
| Cost Line | % of Cost | Share |
|---|---|---|
| Banking & Network Fees | 30.0% | 30% |
| Engineering & Product | 25.0% | 25% |
| Compliance & Risk | 18.0% | 18% |
| Sales & GTM | 15.0% | 15% |
| Cloud & Security | 7.0% | 7% |
| G&A | 5.0% | 5% |
| Total Operating Cost | 100.0% | 100% |
Use of Funds — $25M Raise
| Allocation | % of Raise | Share |
|---|---|---|
| Corridor Expansion (Asia · Africa) | 35.0% | 35% |
| Engineering & Product | 25.0% | 25% |
| Compliance & New Licenses | 20.0% | 20% |
| Working Capital / Float Cap | 15.0% | 15% |
| Brand & Sales | 5.0% | 5% |
| Total Use of Funds | 100.0% | 100% |
Valuation, Capital Structure & Forward View
An investment is a bet on the forward plan, so a trailing snapshot isn't enough. These are derived from this report's own ask and projections — not external estimates.
Capital Structure & Funding
An equity round with no structural debt disclosed — capital-structure risk is dilution and runway rather than credit or covenants. Any future expansion or working-capital debt would change this profile and should be tracked.
How to read these
Rule of 40 sums forward revenue growth and EBITDA margin — ≥40 is healthy; below it flags growth bought at the cost of profit. Capital efficiency is Year-5 revenue per dollar raised. Entry multiple divides the disclosed cap / pre-money / asking price by Year-3 revenue, shown only where disclosed (n/d = not derivable). Verify against primary diligence.
Traction & Proof Points
- $1.2B annualized payment volume · 2,400+ SME customers
- 6 central-bank licenses · 14 banking partners · 22 corridor pairs live
- 85% cost reduction vs SWIFT benchmark · 99.4% on-time settlement
Moat & Exit Strategy
Defensible Moat
6 hard-won central-bank licenses are a 24–36 month catch-up barrier. On-us settlement network compounds as more SMEs join — each new corridor lowers cost for existing customers. Direct ERP integrations create deep switching costs.
Exit Path
Strategic acquisition by a global card network (Visa, Mastercard) or super-app (Careem, Talabat parent) at 8–12x revenue, or IPO on regional exchange at $250M+ ARR within 5–7 years.
Key Risks
- Central-bank policy shifts requiring license re-negotiation
- Stablecoin disruption to traditional FX-spread model
- Float income volatility tied to interest-rate cycles
When the Thesis Breaks
Read this before trusting the forward numbers. The case rests on operating leverage — revenue growth converting into a holding-or-expanding EBITDA margin. The fastest way it breaks: a period where revenue grows but EBITDA falls (margin compression).
If any of the Key Risks above materialise, the forward projections in this report should be treated as suspended until the model is re-underwritten. The single most material trigger to watch: Central-bank policy shifts requiring license re-negotiation.