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Discover the remarkable story of Squareme, a social payment platform that's reshaping how we interact with our finances. In the feature with Oluwaseun Odusanya, Managing Director of Squareme, we get insights into how the platform creates connections through transactions, its unique features, and its pivotal role in users' lives. Explore user-driven evolution and Squareme's future aspirations.
Squareme was created to empower Africans to become more financially savvy users
Squareme was created to address a vital need in the market – a need for seamless and efficient money transfers. The platform offers an instant and hassle-free way for users to send and receive cash using just their phone numbers, ensuring that transactions occur smoothly without interruptions. Squareme makes money exchanges as smooth as having a conversation.
With Squareme, users can initiate seamless money requests and transfers. This unique feature ensures secure money transfers among contacts, whether for purchasing goods or requesting funds. The platform also facilitates withdrawals from users' wallets to their bank accounts, offering a secure and reliable way to access their funds whenever needed.
Squareme stands as a social P2P payment platform that transforms how users engage with their finances.
As a social P2P payment platform, Squareme enables users to seamlessly send, request, and receive money from friends and family using only their phone numbers. One standout feature that sets Squareme apart from other African P2P payment platforms is its ability to send funds to anyone, regardless of whether they have a Squareme account. Squareme users can also pay businesses via the Squareme for Business (Fundr) platform.
Squareme is rooted in a passion for innovation and financial empowerment, fueled by Seun's commitment to creating enduring products that cater to users' evolving needs. Through a combination of seamless transactions, effortless money transfers, and user-centric features, it has become a unique social payment platform with a distinct focus on empowering users across Africa.
Squareme is designed with Millennials and Gen Z in mind.
The primary audience includes Millennials and Gen Z, these digitally-savvy generations seek efficient and socially integrated payment solutions. The Squareme team also takes every user's input seriously, reviewing and implementing suggestions to enhance the platform. Since its launch in January 2023, customer insights have significantly elevated the quality of Squareme's offerings.
At Squareme, security and privacy are non-negotiable. To safeguard users' payment transactions and personal information, the platform has deployed bank-grade encryption and security measures across its infrastructure. This commitment ensures that users' sensitive data remains protected at all times.
Seun shares a success story that exemplifies Squareme's impact;
“We have a small business owner who streamlined payroll through Squareme. This owner leverages the 'Send to multiple phone numbers' feature to pay employees directly from the app. The simplicity of selecting phone numbers from contacts has transformed their payment process, exemplifying Squareme's versatility.”
Squareme's approach to integration with financial services or platforms is rooted in collaboration. Seun envisions providing users with a seamless experience, facilitated by partnerships that enhance the user journey. This collaborative spirit emphasises Squareme's commitment to fostering an interconnected financial ecosystem.
Squareme's cooperative approach seeks to enhance the user experience through partnerships. Through these collaborations and partnerships, the platform can fulfil its dedication to making financial interactions smoother and more meaningful for its users.
As Squareme expands, we have our sights set on specific African markets.
Countries such as Benin Republic, Ghana, Liberia, Senegal, Rwanda, and Kenya are regions where Squareme is aiming to establish a strong presence.
In the competitive financial innovation landscape, Squareme sets itself apart by being a versatile social payment platform. The platform's simplicity, convenience, and seamless integration of services distinguish it from others navigating the same market. Also, Squareme for Business (Fundr) provides businesses with accessible and secure payment solutions, highlighting innovation and addressing diverse user needs.
Looking ahead, Squareme's goal is to become the go-to platform for payments.
The roadmap includes a range of exciting features, such as physical and virtual cards, cross-border transactions, internal airtime top-ups, and Giftcards. These upcoming developments emphasise Squareme's aspiration to be the go-to solution for a diverse range of payment needs.
With a clear vision for expansion, a commitment to innovation, and a focus on comprehensive solutions, Squareme is positioned to become a leader in the evolving landscape of digital payments.
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