N-Frnds’ unique agency network platform combines digital and physical distribution networks in emerging markets.
Business Model: SAAS B2C
Revenue: $374.6k
Employees: 2-10
Address:
City: Singapore
State: Central Region
Zip:
Country: Singapore
N-Frnds universal digital inclusion solution is bringing ALL people in the emerging markets into the digital world. Our technology platform closes the digital divide with a lucrative business model. Today, over 4 billion individuals and small businesses are not connected to the internet. The advertising model supporting “free” applications does not work in emerging markets. Furthermore, companies in emerging markets cannot digitally reach their customers and suppliers. The result is billions of dollars of lost revenues and inefficiency costs. Attempts by others to solve this have failed, mainly because their solutions have focused on mobile data, direct to consumer and channel ownership - excluding most of the market and the existing distribution networks. N-Frnds unique cloud-based digital distribution platform • includes the whole market – can be reached from any device, even with no internet connectivity • utilizes our customer-partners’ existing consumer value chains • consolidates the value chains into our unified digital distribution platform (including all its participants) • creates new digital users incentivized by our customer-partners N-Frnds solution is: • Proven - Massive buy-in from market, from consumer and financial businesses, including companies such as: Microsoft (who selected us as a strategic partner), Coca cola, Nestle, Government of Rwanda, Sequis (insurance), BTPN (bank), MasterCard • Scalable - we have already digitized 15 million end-users and distribution networks of over 200k agents • Unique – ground-breaking technology protected by 21 patents • Global - Local country “franchise” model with a global technology platform N-Frnds is led by top entrepreneurs with deep expertise in emerging markets and together with our innovative and lucrative business model and our market proven solution, we are the market leader bringing universal digital and financial inclusion in emerging markets.
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Announced Date | Company | Transaction | Money Raised |
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Announced Date | Transaction | Number of Investors | Money Raised | Lead Investors | 2/2016 | Funding Round | $1M | 3/2016 | Grant | $300k | 2/2018 | Grant | $400k | 2/2017 | Funding Round | $500k | 1/2019 | Funding Round | $650k | 1/2018 | Funding Round | $1M | 1/2014 | Funding Round | $3.8M | 3/2015 | Grant | $600k | 4/2017 | Grant | $350k | 6/2019 | Grant | $2M | 4/2017 | Grant | 1 | - |
United States Agency for International Development United States Agency for International Development |
12/2015 | Non Equity Assistance | 1 | - |
Mastercard Start Path Mastercard Start Path |
1/2015 | Grant | 1 | - |
Microsoft Microsoft |
5/2015 | Funding Round | $2.3M | 4/2017 | Grant | 1 | - |
United States Agency for International Development United States Agency for International Development |
12/2015 | Non Equity Assistance | 1 | - |
Mastercard Start Path Mastercard Start Path |
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