Bebop leverages blockchain and stablecoin technology to change the way that 500 million African youth pay, save and invest
johnnymaddog
We're building a stablecoin wallet that leverages the blockchain to provide
financial solutions for 500 million unbanked African youth.
The product is a mobile app that allows Users to effortlessly open a dollar
stablecoin account directly from their smartphones. We sponsor account creation and setup trust line to Circle USDC.
Users can leverage our platform to open "savings accounts", earn yields, and
access borrowing facilities against their savings. Allowing them to preserve
their wealth in the midst of economic volatility and currency devaluation. This is made possible by Blend, a liquidity protocol built on Stellar using Soroban smart contracts. We've built a simple interface and handle all the details between dealing with smart contracts
The app enables users to purchase a "Soroban domain," which functions as a smart contract mapping users' keys to simple names such as "chris.xlm." Contracts are Non-Custodial but we build an easy to use interface abstraction for non-crypto natives
In addition Users receive a virtual and physical debit card linked to their balance,
empowering them to transact both online and offline bridging the gap
between traditional financial systems and cryptocurrencies, and significantly
reducing friction between the two.
The app lets users send and receive their stablecoin balance for free,
instantly and anywhere, regardless of location, to other users within the app.
The app serves as a gateway for the youth to explore the world of
cryptocurrency investment, allowing them to easily buy, hold, and sell various
digital assets like Bitcoin. Allowing them means to not only preserve their
wealth but also multiply it.
While our app is built on blockchain technology, we have abstracted away
the complexities associated with it, such as keys and seed phrases, to
provide a familiar mobile money/banking experience for non-crypto natives.Yet, still retain the benefits of blockchain, offering free, instant, and reliable transactions.
Q2 ‘24: iOS App Live, Yield protocols integrated
Q3 ‘24: Solidify early adopters, Iterate on user feedback, distributing virtual cards, pay to existing finance rails from the app
Q4 ‘24: Android App Live, Distributing physical cards to users
We're currently in the midst of our first fundraising round, actively engaging with a diverse range of VC funds and accelerators, including Hustlefund and YCombinator. Our objective is to secure $500,000 to fortify our core teams, strategically expand our workforce, and craft a medium to long-term strategy for scaling our app's user base. This round serves as a bridge, sustaining us for 6 to 8 months until we transition to a fully VC-led round, potentially with accelerator involvement. It's a critical juncture for us, marking our evolution into an investable company. We plan to allocate capital with precision, with 50% directed towards our product and tech team, 30% towards bolstering our data team and operational processes, and the remaining 20% towards empowering our growth team and initiating impactful marketing campaigns.
[ SEP 24 + SEP 10 Integration ]
ON/OFF Ramps with Anchor widgets handling UI, clients must support SEP-10 web authentication to enable authenticated deposits, withdrawals, or transaction history lookups.
How to measure -> Feature will be live on TestFlight
Completion -> June 6th
Budget -> $8000
[ SEP 30 Integration ]
Implement the standard API that enables an individual (e.g., a user or wallet) to regain access to a Stellar account that it owns after the individual has lost its private key without providing any third-party control of the account.
How to measure -> Feature will be live on TestFlight
Completion -> June 14th
Budget -> $6000
[ Blend Liquidity protocol Integration ]
Users will be able to access high yield on their USDC via liquidity pools set up using self-custodial smart contracts. We allow access through through an easy to use and understand mobile interface
How to measure -> Feature will be live on TestFlight
Completion -> 1 July
Budget -> $18000
[ Soroban domains Integration ]
Users will be able to buy domains like “chris.xlm”. Users can share these domains instead of their public key making payments on stellar even easier. We want to offer our users the options to do this in an easy to use interface
How to measure -> Feature will be live on TestFlight
Completion -> 16th July
Budget -> $14000
[ Go Live ]
Move Bebop out of the beta stage and go live on the App Store.
How to measure -> App Will be on the App Store
Completion -> 24th July
Budget -> $4000
Chris
CEO/Lead Engineer
Christopher, an experienced and knowledgeable programmer, with 8 years experience as a Lead Engineer, leveraging his deep understanding of complex systems and blockchain to revolutionize industries with innovative solutions.
Kayima
Chief Business and Legal Officer
Kayima a certified Lawyer, saw the potential of blockchain to transform the financial sector but understood the challenges that it poses. With his deep understanding of the legal landscape in Uganda and East Africa, he co-founded a blockchain-fintech startup that navigated regulatory challenges while offering innovative solutions.
Kiannah
Lead Designer
Kiannah is a talented and driven individual who brings a unique combination of creativity and technical skills to the team. Currently studying at the University of San Francisco, Kiannah has a strong background in design and has honed her skills through various internships and freelance projects.
we’ve assembled a team capable of navigating the technical and regulatory challenges inherent in redefining finance for Africa's future.