SOSUDA TECH, LLC | Application Preview
SOSUDA TECH, LLC is seeking government grants to support the launch of its FinTech platform, SOSUDAPAY. The funding will be utilized to hire additional employees, cover utility bills, and ensure working capital for various operational needs, including production servers, computer hardware, healthcare coverage, and advertising.
SOSUDA TECH aims to disrupt the tech industry by focusing on application development that drives digital transformation across multiple sectors. The company is gaining traction in the East African market, which has been dominated by Chinese tech firms. It targets a substantial portion of the mobile money user base, boasting plans to capture over 75% of this market with its digital banking solution, SOSUDAPAY, designed to function similarly to PayPal and Stripe.
The need for SOSUDAPAY is underscored by the rise in demand for digital banking solutions, particularly due to the COVID-19 pandemic, which has highlighted the risks associated with physical currency. While major competitors like PayPal, Stripe, and Western Union exist, they are less established in Sub-Saharan Africa, presenting a unique opportunity for SOSUDA TECH.
The company's competitive advantage lies in its ability to understand and customize solutions to meet customer demands. Its offerings are cost-effective, scalable, reliable, and cater to the diverse needs of both individuals and businesses. With a commitment to 24/7 availability and prompt issue resolution, SOSUDA TECH is well-positioned to deliver innovative banking solutions in a rapidly evolving market.
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General Information
Business Registration Number: 834652093
Location: Winchester, MA, United States
Length of Operation: 2+
Number of Employees:
Annual Gross Income:
Annual Gross Expense:
Open to Loans: NO
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Funding Usage
Hire more employees for the launch of FinTech platform that is undergoing development phase, Utility bills, Working Capital of all kinds including production servers, computer hardware for new employees, healthcare coverage for employees, advertisement of new products and services
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Business Plan
SOSUDA TECH is the most disruptive Tech company that is predominantly based in application development for various of industries. SOSUDA TECH Mission is to digitally transform and modernize businesses across many industries. SOSUDA TECH has gain attraction for East African clients, a market that is largely dominated by Chinse Tech companies. SOSUDA TECH is target a large market share of over 75% of mobile money users/consumers. SOSUDA TECH is currently developing a Digital Mobile Banking Platform call SOSUDAPAY. SOSUDAPAY can function similar to PayPal or Stripes. I'm producing the most needed innovative Banking Products/platform that is highly in demand given the threat of COVID-19 that requires the use of Digital Money/Digital Banking services that mitigate or minimize the use of physical money which is associated with lot of risk in this situation that Global Pandemic is the major concerns.
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Self Identified Competition
My 3 competitors could be PayPal, Stripes, Western Union, however, they are not popular in Sub-Saharan Africa where my product is highly popular. SOSUDA TECH is developing the most innovative solutions to variety of consumers, both businesses of all sizes and customers who want to go mobile in their banking needs. We understand what our customers and clients wants and innovatively customize their demands and needs. SOSUDA TECH products/SOSUDAPAY and IT services rendered by SOSUDA TECH are cost effective, scalable depending with demands, and pretty much reliable and within budgets of our customers and clients. Our services are much available 24/7. Most of our queries are instantly resolved by our global team of expertise
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