Summary

International Airtime Top Up helps to increase financial inclusion for traders, students abroad, tourists, business travelers, migrant workers and refugees. They are arguably the first East African fintech company to launch global airtime top up services connected to 500+ mobile networks in over 150 countries. They offer airtime, money transfers and cash pick up solutions to/from Africa corridors for people and businesses. 

Investment Thesis

Remittance flows to sub-Saharan Africa were recorded to be $48 billion in 2019. With 500,000+ cross border airtime transactions processed through International Airtime Top Up’s gateway, the company is situated in a market with steadily growing demand.

Refugee Impact

The company serves to empowers refugees and displaced people to send and receive instant airtime and money transfers to any (Burundi, Central African Republic, Chad, DRC, Ethiopia, Kenya, Liberia, Nigeria, Rwanda, South Sudan, Zambia) recipient’s mobile number, mobile money and banks accounts in the destination currencies.

Management

  • Lawrence Zikusoka, M.S. Telecom (SUNY Institute of Technology) – Co-Founder and CEO with 10+ years senior project management experience at Ericsson for global Mobile Network Operator (MNO) customer accounts (Airtel Nigeria, Djezzy Algeria, DU UAE, MTN Congo Brazzaville, MTN Uganda, Saudi Telecom, Telma Madagascar, Tigo Rwanda and Zain South Sudan).
  • Ademola Adebolu, MBA – Co-Founder and CTO with 20 years senior solution management experience at telecom giants in several countries. 35 international certifications (Alcatel-Lucent, Amazon, Cisco, Ericsson, ITIL, Microsoft, MSP, Oracle, PMI, PRINCE2, SUN).