Amin Technologies Inc
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Date of Foundation
2021

Amin Technologies Inc

Innovative Tech Solutions Pioneer

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The Idea origin story

Amin Technologies Inc., in collaboration with Identity Infotech, has created AminPay, a dynamic FinTech/Mobile Wallet platform. This revolutionary solution primarily serves the Afghanistan Market and its diaspora by simplifying their micro-transactions. Users can conveniently distribute and resell mobile airtime as well as conduct money transfers and bill payments. Catering to over 10 million Afghans residing overseas, we bridge economic gaps while providing an essential service.

The Mission

"Empowering Afghans globally through seamless, digital financial engagement with AminPay."

Clients

We have a wide range of customers. We categories them to API Customers, Direct Customers, InDirect Customers and Retail Sales. They are mostly Afghans.

Problems we solve

Client’s problem

AminPay provides cost-effective services, eliminating middlemen. It's accessible through a WhatsApp bot, avoiding apps download. Diverse payment methods are supported including credit cards, PayPal and Cryptocurrencies.

Confirmation of problem

millions of Afghans live abroad and regularly send money home, with limited affordable or accessible options to do so.

Solution

Becoming a unicorn startup requires strategic planning and execution. Here are some steps to help you: 1. Prove Your Concept: Begin

Our technologies

This solution is based on technologies

Blockchain for secure transactions, AI chatbots for customer service, Big Data to analyze customer behavior.

How it works

We buy Topup in bulk, resell on WhatsApp, customers pay via various methods, they receive Topup after successful payment.

Value for the client

"AminPay offers convenient, affordable and accessible financial services via WhatsApp bot, including more flexible payment methods."

Market and strategy

Market size

120

mln/year

We estimate the market size for which our solution is designed in monetary terms as follows

Market share goal

50

% of the market

Is our goal in the next 3 years

Team

My name’s

Qasim Rasouli

My key role in the product

My key role is the founder and operator. I'm responsible for defining company strategy, building a skilled team, and ensuring sustainable growth.

Team size and key members

Our team: GM Ahmad Shabir for local ops in Afghanistan, Manager Mohammad Sarwari for overall company ops and Finance manager Mohammad Hussaini.

Competitors

Competitors

Based on your startup description, potential competitors could include large telecom companies, fintech startups offering similar services, remittance service providers and cryptocurrency platforms that facilitate cross-border transactions. Also consider smaller local outfits with strong market presence in their communities.

Our Advantages

1- With us, you enjoy superior exchange rates, competitive pricing and minimal processing fees. 2 - Our direct tie-up with key Telecom players empowers us. 3- Leveraging our local market presence, we understand your needs better. 4- Offering a faster, custom-built platform tailored for your market. 5- Committed local customer support around the clock ensures uninterrupted service.

Business model

We are earning our profit from the sales commission that telecom pay to us.

Traction

Still in development, our startup commands a monthly sales volume of 400K. We're powered by an army of over 2000 direct and indirect sales agents. Proud to say we have approximately 250K customers registered so far in our system while handling transactions over $2 million USD within the previous six months.

Upon investment period culmination, we anticipate nearly 200K active monthly customers. These patrons shall drive $1.4M in sales, yielding a baseline net profit of $100k per month for stability and sustainability.

Metrics

Measure the number of distinct customers each month. Track returning patrons monthly, a key indicator for loyalty and satisfaction. Record monthly transactions to understand sales volume trends. Finally, ascertain average transaction amount giving insights into customer spending behavior.

1- At the moment, our venture has not generated any revenue as sales operations are yet to commence. However, we anticipate a lucrative first year with an estimated range of 1 to 2 million dollars in earnings. 2- Our gross margin varies according to the selected sales channel. Specifically, it registers below 1% for Direct InDirect and API channels. However, Retail channels hold more promise with an approximate gross margin set within the double-digit ballpark at around 10%. 3- Our operational

Incorporation

Our company incorporated in

Delaware

Key risks

The main risks include regulatory compliance and security. Changes in financial regulations or unanticipated violation of them can harm operations severely. Additionally, if the platform's security was compromised it could lead to loss of trust among users impacting the business significantly.

Investments

$

1000000

We raised investments

Our Investors

I am the only investor of the project and own 100% of the share

Rising Investments

$

3000000

Currently, we are raising investments

$

10000000

Estimated pre-investment valuation of the company

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We’re looking for a co-founders

FinTech, Legal and AI

Open positions

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Additional information

Amin Technologies Inc., established in 2020, specializes in IT and telecom solutions. Serving four main clients presently, we focus on pioneering tech transformation with our innovative approach.

Amin Technologies Inc
MVP
Date of Foundation
2021