Spenda — Money that moves for everyone

0 / 5 SECTIONS VOUCHERS EARNED: R0

Why Spenda Exists

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See the problem Spenda solves.

> CASH PAYMENT PROCESSED — NO DIGITAL TRAIL.

> PROBLEM CONFIRMED ✓

✓ UNLOCKED

The Opportunity

Spenda is a bank-agnostic settlement layer that turns cash, rewards, and bulk disbursements into spendable digital value at 800,000+ retail locations.

The Problem in Numbers

Scale of the gap (% of market / population)

Unbanked adults — locked out of digital payments

18%

Cash economy — zero merchant transaction data

88%

Loyalty value — trapped in closed-loop silos

13%

13% = rewards economy relative to cash economy scale. 18% = unbanked share of SA adults.

The Business Model

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> INITIATING B2B AND B2C ENGINES...

> TWO ENGINES ONLINE — SHARED MERCHANT NETWORK ✓

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Spenda at a Glance

Layer	Function	Users
Settlement Layer	Bank-agnostic fiat + voucher settlement	Both engines
B2C Wallet	Bills, utility vouchers, QR pay	Consumers (phone-linked)
B2B Bulk	Aid, payroll, incentive disbursements	NGOs & corporates
Merchant QR Network	Shared acceptance at 800,000+ locations	All transactions

How It Works

Step	User Action	Outcome
1	Load via bank, card, or cash	Wallet funded
2	Send & receive vouchers	Instant P2P / B2B transfer
3	Scan QR at merchant	Payment settled

How We Make Money

Revenue mix at scale (% of gross)

Transaction fees (~2% on volume)

55%

B2B SaaS / API

20%

White-label vouchers

15%

Merchant services

10%

Take rate on settled volume

~2%

At full acquisition target, ~2% take rate on monthly volume.

Market and Products

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> SCANNING ADDRESSABLE MARKET...

> R20.1 BILLION OPPORTUNITY DETECTED ✓

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Market Size

Market funnel — from wedge to capture target

TAMRewards wedge

100%

SAMCash + disbursement

72%

SOM16-mo goal

1.2%

The rewards market is our wedge; the cash economy is our expansion path. SOM = year-1 capture as % of SAM.

Product Suite

Product	Status	What It Does
Scan-to-Pay	Live	QR payments at 800,000+ merchants
Voucher Sales API	Live	Bulk NGO/corporate disbursements
Merchant QR	Live	Zero-hardware onboarding, tipping, split pay
E-commerce & BNPL	Roadmap	Behavioural credit on essential spend

Live today75%

On roadmap25%

POST /v2/disbursements/batch
{ "type": "grocery", "amount": 250, "recipients": 847, "notify": "whatsapp" }
200 OK — 847 vouchers queued

Proof and Economics

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Review traction and the path to scale.

> LOADING TRACTION DATA...

> TARGET: 75 ENTERPRISE CLIENTS ✓

> TARGET: 7,500 MERCHANTS ✓

> TARGET: 10,000 B2C WALLETS ✓

✓ UNLOCKED

Traction to Date

Proof Point	Detail
Net settled volume	Proven payment network
App installs	20,000+
Awards	Standard Chartered FinTech, M&G Top Financial Services
Social impact	4 UN SDGs, 800+ literacy participants

Channel volume mix (% of settled volume)

Consumer App

76%

Legacy Web / Voucher POC

21%

B2B Pre-Market MVP

The Bridge: Today → Scale

Volume growth path (% of scale target)

Today — proven network

0.6%

With R11M — acquisition phase

1.5%

At scale — 16-month target

100%

At-scale volume mix (% of monthly volume)

Enterprise clients (75)

89%

B2C users (10,000)

11%

Acquisition Targets

Acquisition budget allocation (% of R2.5M)

Enterprise clients — 75 @ R10K CAC

30%

Merchants — 7,500 @ R100 CAC

30%

B2C wallets — 10,000 @ R100 CAC

40%

The Investment

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> BIOMETRICS CONFIRMED.

> R100M VALUATION CAP LOCKED. 15% DISCOUNT APPLIED. ✓

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The Ask

SAFE terms at a glance

Raise as % of valuation cap

11%

SAFE discount at conversion15%

Standard conversion price85%

Instrument: Post-money SAFE

Use of Funds

Allocation (% of raise)

Customer acquisition

23%

Operations (16 mo)

36%

Tech & IP (16 mo)

29%

Compliance (16 mo)

Reserve

Runway coverage (16+ months)

100%

The Team

Merishka Harilall

CEO & Co-Founder

FinTech strategy, product vision, investor relations

Sashen Harilall

COO & Co-Founder

Operations, partnerships, go-to-market

Siboniso Bophela

CPO & Co-Founder

Product, platform architecture, engineering

Deal Summary

Investment thesis — weight by priority

Dual-engine model (B2C + B2B)

30%

Acquisition → 75 enterprise, 7.5K merchants, 10K B2C

23%

16+ month runway to scale

36%

SA dominance → UAE + Africa expansion

11%

BRIEFING COMPLETE

You’ve reviewed the full Spenda investor briefing. Spenda is ready for scale. Are you in?

Total Vouchers Earned: R375

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