Investing in Africa's Payment Infrastructure
SwissPay is raising a $250,000 to $500,000 pre-seed round to scale production of its payment wearables, expand SoftPOS integrations, and reach 1 million users by Q4 2026.
₦0.5M
Transaction Volume (Pilot)
0.2%
Offline Success Rate
0%
Month-on-Month Growth
A Structural Gap in Africa's Payment Infrastructure
Nigeria processes over ₦500 trillion in cash transactions annually. Despite 60% NFC smartphone adoption, 37% of adults remain unbanked and 70% of SMEs are excluded from digital payments — not because payment technology doesn't exist, but because existing platforms fail when Nigeria's infrastructure does.
Technical Moat
The offline NFC/BLE reconciliation protocol is hard to replicate. P2P token exchange without internet is non-trivial to engineer.
First-Mover Moat
SwissPay has exclusive transport union relationships that cannot be bought. NURTW was approached first.
Distribution Moat
Behavioural lock-in in a high-frequency, daily-use environment creates durable retention without ongoing acquisition spend.
The CBN Alignment
The Central Bank of Nigeria is actively pushing for 70% cashless circulation. SwissPay's offline-first architecture is the only technology that makes this achievable during infrastructure outages.
Why Offline Payments Change Everything
Every major payment platform — Apple Pay, Google Pay, OPay, Moniepoint — requires an internet connection. SwissPay's offline-first architecture bypasses this entirely.
| Platform | Watch to Terminal | Watch to Watch | Works Offline | No Hardware Needed |
|---|---|---|---|---|
| Apple Pay | Yes | No | No | No |
| Google Pay | Yes | No | No | No |
| Samsung Pay | Yes | No | No | No |
| OPay / Moniepoint | Yes | No | No | Yes |
| SwissPay | Yes | Yes | Yes | Yes |
The Size of the Opportunity
SoftPOS Market (Nigeria)
- 40M+ total MSME addressable market
- $1.5B market valuation
- 96% of Nigerian consumers willing to use contactless
Wearables Market
- $2.4B in daily Lagos transport cash flow
- $94B global wearables market in 2026
- SwissPay wearable priced under ₦10,000
| Market | Annual Size |
|---|---|
| TAM: Nigerian informal economy | ₦500T+ |
| SAM: High-frequency informal payments | ₦150T |
| SOM: SwissPay 5-year target | ₦90B → ₦450M revenue |
How SwissPay Makes Money
Hardware Sales
SwissPay wearables with healthy margins. Hardware margin recovers CAC before any transaction.
Transaction Fees — Wearable
Applied to all wearable payments. Projected ₦18.2M annually by Year 5.
Transaction Fees — SoftPOS
Scales faster than hardware. Dominant revenue stream from Year 3, reaching ₦192M annually by 2030.
White-Label Licensing
Banks licence the offline protocol. Four partners by Year 5, processing ₦2B/month. ₦240M annual revenue by 2030.
| Year | Total Revenue | Net Profit |
|---|---|---|
| 2026 (Y1) | ₦68.8M | +₦23.8M |
| 2027 (Y2) | ₦162.8M | +₦52.8M |
| 2028 (Y3) | ₦246.4M | +₦66.4M |
| 2029 (Y4) | ₦324.8M | +₦64.8M |
| 2030 (Y5) | ₦530.2M | +₦150.2M |
| 5-Year Total | ₦1.333B | +₦358M |
Revenue CAGR: ~67% (2026 to 2030)
Profitable from User One
SwissPay's hardware-first model means customer acquisition cost is recovered before any transaction revenue is earned. Every transaction fee thereafter is pure upside.
| Metric | Standard User | Merchant User | Blended (60/40) |
|---|---|---|---|
| Hardware Margin | ₦5,000 | ₦20,000 | ₦11,000 |
| Transaction Revenue (24 mo) | ₦960 | ₦960 | ₦960 |
| Gross LTV | ₦5,960 | ₦20,960 | ₦11,960 |
| Customer Acquisition Cost | ₦700 | ₦700 | ₦700 |
| Net Profit per User | ₦5,020 | ₦20,020 | ₦11,020 |
| LTV:CAC Ratio | 8.5x | 29.9x | 17.1x |
A blended LTV:CAC of 17.1x compares favourably against the 3x industry benchmark.
Join the Pre-Seed Round
SwissPay is raising between $250,000 and $500,000 in pre-seed funding.
50%
Product & Hardware
Scale smartwatch production and manufacturing
30%
Capital Expenditure
Infrastructure, operations, and regulatory
20%
Growth & Marketing
Agent onboarding and activations
Milestones This Funding Unlocks
All financial projections are based on assumptions stated in the SwissPay SoftPOS and Wearables pitch deck (February 2026). Statistics sourced from CBN Q1 2025 data and SwissPay pilot metrics (October to December 2025).