Cyanase
The specific problem that Cyanase is working to solve is the lack of access to investment opportunities for traditionally excluded communities in developing markets. This problem is significant on a global scale, with approximately 1.7 billion people globally without access to basic financial services, according to the World Bank.
In developing markets, access to investment opportunities is often limited due to factors such as low financial literacy, limited access to financial institutions, and inadequate regulatory frameworks. These factors contribute to a significant portion of the population being excluded from the benefits of investing, such as creating long-term wealth, funding education or starting a business.
Cyanase's investment infrastructure addresses these issues by enabling fintechs, e-commerce platforms, and social networks to integrate investment offerings into their products, without the burden of developing in-house regulations, compliance, and operational expenses. Our customizable solutions enable partners to tailor investment offerings to specific audiences, which can include traditionally excluded communities.
According to a 2020 report by the Global Findex, only 28% of adults in sub-Saharan Africa have a formal bank account. Furthermore, only 10% of the adult population in the region has invested in stocks, bonds, or mutual funds. These statistics highlight the significant gap in investment opportunities in developing markets, which Cyanase aims to address.
Overall, Cyanase's solution has the potential to make a significant impact on the lives of millions of individuals globally who currently lack access to investment opportunities. By providing customizable investment infrastructure and educational resources, Cyanase can help bridge the digital divide and empower traditionally excluded communities to build long-term financial security.
Cyanase's solution is an investment infrastructure for the internet that enables fintechs, e-commerce platforms, and social networks to integrate investment offerings into their products without the burden of regulatory, compliance, and operational expenses. Our investment infrastructure is designed to be highly customizable, allowing our partners to tailor investment offerings to their specific audience and brand.
Cyanase's investment infrastructure works by aggregating investment products from different countries into one API. This means that any fund manager or consumer-facing company that wants to offer investment opportunities to their customers can easily access a wide range of investment products from all over the world, without the hassle of dealing with different providers, compliance, and regulations.
Our investment infrastructure uses cutting-edge technology to provide a compliant and regulated investment platform, ensuring the safety and security of investors' assets. Additionally, we offer educational resources and tools to help our partners and their customers make informed investment decisions, ultimately empowering individuals with financial knowledge and resources.
Our investment infrastructure also supports a range of asset classes, including equities, bonds, and funds, and is designed to be scalable to support a growing number of users and transactions.
To see a demo of our investment infrastructure in action, please visit our website at https://cyanase.com/demo/.
Cyanase's solution is designed to serve individuals and communities that are traditionally excluded from investment opportunities, particularly in developing markets. These communities often lack the financial resources and knowledge necessary to invest, and may not have access to traditional financial institutions that can provide investment products and services.
Our solution directly impacts the lives of these communities by providing a more accessible and inclusive investment infrastructure. By enabling fintechs, e-commerce platforms, and social networks to integrate investment offerings into their products without the burden of regulatory, compliance, and operational expenses, we are lowering the barriers to entry for both investors and providers of investment products.
Through our investment infrastructure, we aim to empower individuals with financial knowledge and resources, enabling them to make informed investment decisions and take control of their financial futures. This can lead to greater financial inclusion, economic empowerment, and social mobility for individuals and communities that have been traditionally excluded from the investment market.
In summary, our solution directly serves individuals and communities in developing markets who lack access to investment opportunities and financial resources. By providing a more accessible and inclusive investment infrastructure, we aim to empower these individuals with the knowledge and resources necessary to take control of their financial futures and improve their lives.
At Cyanase, we believe that our team is well-positioned to deliver this solution because of our deep understanding of the target population and their needs. Our team includes individuals with diverse backgrounds and experiences, including individuals from developing markets who have first-hand experience with the challenges facing these communities.
Our Team Lead has a strong background in finance and technology and has worked extensively in developing markets, gaining a deep understanding of the challenges facing individuals and communities in these regions. Additionally, we have team members who are from the communities we are serving, providing invaluable insights into their perspectives and needs.
To understand the needs of those we are serving, we have conducted extensive research and engagement with individuals and communities in developing markets. This has included focus groups, surveys, and interviews with individuals from diverse backgrounds and experiences. We have also engaged with local organizations and leaders to better understand the unique challenges and opportunities in each community we serve.
Throughout the design and implementation of our solution, we are guided by the input, ideas, and agendas of the communities we serve. We believe that the only way to build a truly inclusive and impactful solution is by working collaboratively with the individuals and communities who will be directly impacted by our work. We actively seek out feedback and input from our partners and their customers, and we use this input to continuously improve and evolve our investment infrastructure.
In summary, we believe that our team's diversity, experience, and deep understanding of the needs of the communities we serve make us well-positioned to deliver this solution in a meaningful and impactful way. We are committed to working collaboratively with our partners and their customers to ensure that our investment infrastructure is inclusive, accessible, and designed to meet their unique needs and perspectives.
- Make it easier and more affordable for individuals and MSMEs to make investments and transfer payments, across geographies and across different types of platforms
- Uganda
- Pilot: An organization testing a product, service, or business model with a small number of users
We have raise over 1800 app downloads from playstore alone and over 300 active users
On the financial side, we are seeking funding to develop and scale our investment infrastructure solution. While we have secured some initial funding, we recognize that we will need additional funding to fully develop and scale our solution. We hope that Solve can connect us with potential investors or funding partners who share our vision and can help us secure the necessary resources to achieve our goals.
In addition to funding, we also face legal barriers related to compliance and regulatory requirements in the financial industry. Developing an investment infrastructure solution requires a deep understanding of complex regulatory frameworks in different countries, and compliance with these regulations can be time-consuming and costly. We hope that Solve can connect us with legal experts and advisors who can help us navigate these regulatory requirements and ensure that our solution is compliant with relevant laws and regulations in different countries.
Overall, we believe that Solve's network of partners and resources can help us overcome both financial and legal barriers, allowing us to fully develop and scale our investment infrastructure solution and make investing more accessible for traditionally excluded communities in developing markets.
- Business Model (e.g. product-market fit, strategy & development)
- Financial (e.g. accounting practices, pitching to investors)
- Human Capital (e.g. sourcing talent, board development)
- Legal or Regulatory Matters
Cyanase is developing cutting-edge technology that aggregates investment products from different countries into one API. This means that any fund manager or consumer-facing company that wants to offer investment opportunities to their customers can easily access a wide range of investment products from all over the world, without the hassle of dealing with different providers, compliance, and regulations. This technology is especially important for traditionally excluded communities, who may not have had access to investment opportunities befor
Our impact goals for the next year and the next five years are as follows:
Next year:
- To onboard at least 5 fintechs, e-commerce platforms, or social networks onto our investment infrastructure platform, enabling them to offer investment opportunities to their customers.
- To increase access to investment opportunities for at least 500,000 people in developing markets who have been traditionally excluded from investing.
Next five years:
- To onboard at least 50 fintechs, e-commerce platforms, or social networks onto our investment infrastructure platform, enabling them to offer investment opportunities to their customers.
- To increase access to investment opportunities for at least 1,000,000 people in developing markets who have been traditionally excluded from investing.
- To generate measurable impact on the financial health and wealth of communities in developing markets, by enabling investment opportunities that help people achieve their financial goals.
To achieve these goals, we plan to:
- Continuously improve and expand our investment infrastructure platform, making it more user-friendly, accessible, and scalable.
- Form partnerships with fintechs, e-commerce platforms, and social networks that align with our mission to increase access to investment opportunities for traditionally excluded communities.
- Conduct market research to better understand the needs and behaviors of people in developing markets who have been traditionally excluded from investing, and design our solution to meet their specific needs.
- Work closely with legal experts and advisors to ensure our solution is compliant with relevant laws and regulations in different countries.
- Measure and track the impact of our solution on the financial health and wealth of communities in developing markets, and continuously refine our approach based on feedback from our users and partners.
- 1. No Poverty
- 5. Gender Equality
- 8. Decent Work and Economic Growth
- 9. Industry, Innovation, and Infrastructure
At Cyanase, we believe that measuring progress towards our impact goals is essential to understanding the effectiveness of our solution and making any necessary adjustments to ensure we are achieving our intended outcomes. We have identified several key indicators to measure our progress towards our impact goals for the next year and five years.
One of our key impact goals is to increase the number of traditionally excluded communities that have access to investment opportunities. To measure progress towards this goal, we will track the number of users who have opened investment accounts through our partner fintechs and e-commerce platforms. Additionally, we will conduct surveys and user interviews to understand the demographics of our users and whether they come from traditionally excluded communities.
Another impact goal we have set is to reduce the financial barriers to investing. To measure progress towards this goal, we will track the average investment amount per user and compare it to the average investment amount for traditional investment products. We will also track the number of users who have made multiple investments and the frequency of their investments. This will help us understand whether our solution is successful in encouraging users to invest more frequently and in smaller amounts.
Furthermore, we aim to increase financial literacy and knowledge of investment products among our users. To measure progress towards this goal, we will conduct surveys and user interviews to assess users' knowledge and confidence in making investment decisions. We will also track engagement with educational resources and the number of users who have taken advantage of educational materials offered through our partner platforms.
Finally, we aim to expand the range of investment products available through our platform. To measure progress towards this goal, we will track the number of investment products available through our API and the number of partner fintechs and e-commerce platforms that have integrated with our API. We will also track user engagement with different investment products and use that information to inform future product development.
At Cyanase, our theory of change is that by providing a user-friendly investment infrastructure that enables fintechs, e-commerce platforms, and social networks to integrate investing into their products, we can help bridge the digital divide and make investing more accessible for traditionally excluded communities in developing markets. By doing so, we believe that we can empower these communities to build wealth, improve their financial stability, and ultimately create a pathway out of poverty.
Our approach involves developing cutting-edge technology that aggregates investment products from different countries into one API. This technology will enable any fund manager or consumer-facing company that wants to offer investment opportunities to their customers to easily access a wide range of investment products from all over the world, without the hassle of dealing with different providers, compliance, and regulations.
We believe that our solution will have a transformational impact on the lives of millions of people who have been excluded from traditional investment opportunities due to regulatory and operational barriers. By making investing more accessible and user-friendly, we aim to create a more inclusive financial system that benefits everyone.
To measure the impact of our solution, we will track a number of key indicators, including the number of investment products integrated into our API, the number of fintechs, e-commerce platforms, and social networks that have integrated our solution, the number of new investors who have used our platform, and the total value of investments made through our platform. Additionally, we will conduct surveys and focus groups with our target population to understand how our solution is impacting their financial stability, and to gather feedback on how we can continue to improve our offering.
Our solution leverages two core technologies to deliver value to our clients and their customers. Firstly, we offer a business-to-business (B2B) solution using our powerful API. This allows our financial services partners to seamlessly integrate our investment product offerings into their existing platforms, offering a more comprehensive suite of services to their own clients. This B2B offering enables our partners to expand their product offerings and ultimately grow their businesses, while also providing their clients with access to quality investment products that they might not have otherwise had access to.
Secondly, we offer a business-to-consumer (B2C) solution through a mobile app. The app allows individuals to easily invest their money into a variety of products, providing an accessible and affordable way for people to start investing and grow their wealth. Our app is designed with the user experience in mind, making it easy for people of all backgrounds and financial literacy levels to start investing in products that align with their financial goals. Overall, our combination of B2B and B2C solutions allows us to deliver maximum impact and reach the largest possible audience, ultimately working towards our mission of increasing financial inclusion for all.
- A new application of an existing technology
- Software and Mobile Applications
- Uganda
- Kenya
- Nigeria
- Tanzania
- For-profit, including B-Corp or similar models
We believe that diversity, equity, and inclusivity are critical components of creating a successful and impactful solution. Our team is committed to incorporating these values into every aspect of our work.
Our leadership team is diverse in terms of gender, race, and cultural background, and we actively seek to recruit team members from a variety of backgrounds to further enhance our diversity. We recognize that diversity not only leads to better decision-making and problem-solving but also helps us better serve the diverse communities we aim to impact.
In addition to the diversity of our team, we strive to incorporate equity and inclusivity into our solution. Our platform is designed to be accessible to all, regardless of their socioeconomic status, location, or level of technical expertise. We also prioritize the voices and needs of our target population, engaging them in every stage of our design process.
To ensure that we continue to prioritize diversity, equity, and inclusivity, we have established specific goals and actions for our team. These include regularly assessing our own biases and privilege, seeking out diverse perspectives and voices, and creating a culture of respect and inclusion within our team.
We understand that creating a truly diverse, equitable, and inclusive solution is an ongoing process, and we are committed to continually learning and improving as we work towards our mission.
Through the mobile APP
1. We take 1% from each transaction made on the web platform
2.We take 0.1% of the investment performance fees
3.We charge $5 yearly subscription
Through the API
1. We take 1% from each transaction made on the web platform
2.We take 15 % commission on the management fees processed by our API
3.We take 0.1% of the investment performance fees
- Organizations (B2B)
Our plan for becoming financially sustainable involves a combination of revenue models, which we believe will help us cover our expected expenses in the long term. One of our main revenue streams will be through offering our API to other businesses as a service contract, allowing them to use our technology to improve their own products and services. We will also offer a premium version of our mobile app to individual users, providing additional features and benefits for a fee.
In addition, we plan to seek grants and funding from foundations and organizations that align with our mission and values. We will also explore partnerships with governments and other entities that could benefit from our technology.
Finally, we will seek investment capital from impact investors and other socially responsible funds that prioritize sustainable and impactful businesses. We believe that by diversifying our revenue streams and being strategic in our fundraising efforts, we can become financially sustainable while continuing to make a positive impact on our target population.
We have raised over $3500 from a local angel investor and we currently generate over $102 monthly. Additionally, we have secured several grants from various organizations, including [insert names of grant providers and monetary amounts]. These funds have been crucial in allowing us to continue developing our solution and reaching more people.
We are committed to achieving financial sustainability in the long-term and have a clear strategy in place to generate revenue through a combination of grants, selling our product or service, and potentially seeking additional investment funding. We believe that our solution has the potential to create a meaningful impact and we are dedicated to ensuring its success.