Axalio is looking to provide financial services to users in the African continent using web3 technology stacks. They would be competing with Worldcoin and other up coming providers such as X (twitter). The good news, is that they have obtained appropriate licences to operate. In the pitch deck, they state a target launch of June 2023, which seems odd to me, since we are in Oct 2023, have they launched or not? Some of the information seems out-dated.
It is good to see founders commitment to inject $250K, is it real money or sweat equity?
We are almost ending 2023, and they projected more than $11M of revenues, can we see revenues to date (actual numbers, not projections). Can we see CAC and LTV unit economics based on actual numbers compared to industry standard?
It is good to see the partnership with Meld.finance, but are they really partnering, or is Meld just a service providers? I've said that many times before some entrepreneurs tend to list their suppliers as partners... it's not because I drive a Toyota, that Toyota is my partner. Show Less
