Summary

International Airtime Top Up is a cross-border mobile airtime low-cost transfer and service available in Uganda via their USSD, website, selected bank ATMs, and POS channels. Their services are carried out through IATU’s gateway technology that is connected to 250+ mobile network operator partners in real-time.

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 empower refugees and displaced people to send and receive airtime to any (Burundi, Congo, DRC, Somalia) recipient’s mobile numbers in the destination currency.

Management

Lawrence Zikusoka – Co-Founder and CEO