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DCard Ghana
Ghana - 1 Year(s)
Price ¢0.20 @ 1 Unit
Equity/Benefit

15%

Opening Date 2022/04/01 12:00:AM
Closing Date 2024/04/01 12:00:AM
Category Professional Services
Preferred Equity
Insurance No
Stage Pre-Seed
Project Website https://dcard.goxafrica.com
Startup Pitch Page

OVERVIEW:

WELCOME TO THE CONTACTLESS EXPERIENCE

DCard easily helps grow your professional relationships with a contactless experience. No physical contact is required to send or receive a virtual business card.

 

THE PROBLEM:

Resource Waste
Problem 88% of distributed business cards are thrown away in less than a week.
 
Costly to be kept updated
A business that frequently updates its contact details, adds new social media platforms to its marketing strategy, or regularly takes on new hires, it's expensive to keep reprinting your business cards.
 
Environmental Perspectives
50% of business waste, 33% of municipal waste and 25% of waste going to landfill is paper. Paper decomposes releasing methane gas that is over 20 times more potent a greenhouse gas than CO2.
 
OUR SOLUTION

Always Up to date

The contact info is always up to date. No more scratching out your phone number when you get a new one.

No Resource Waste

Digital business cards are always with you. No more running out of cards.

Save Trees and the Environment

No more cutting down of trees to make paper which ends up at landfill sites, producing methane gas. S

 

THE TIMING:

Web of Things

Today, we are all trying to digitalize our lifes and so the usage of new technologies is also increasing.

COVID-19 still Rules

During the pandemic lockdown and now, people are avoiding physical contact with each other, and at that time and now, the digital business card really helped. Digital business cards are turning out to be a better alternative to physical business cards.

 

WHAT WE DO

DCard is a digital business card, an easy way to share your contacts and grow your professional relationships.

PRODUCTS AND SERVICES
 
The DCard service:

Allows the easy creation of QR code for business, staff ID or visiting card which make first great impressions. Share your digital business card with anyone using a QR code or send it via email, a link, and more. QR code can be downloaded and printed on anything like flyers, newsletters, or a billboard.

dBoss Smart Cards:

dBoss  Card  is  an  NFC  &  QR  Code enabled  smart  business  card  service connecting  the  DCard  digital  business card  service  to  the  physical  card.

Simply  share  your  contact  details  with anyone  with  just  a  tap  on  any  NFC enabled  smart  device  or  scan  of  your  QR code.

A  future  planned  value  service  to  expand the  card  service  by  linking  other  services like  a  digital  CV,  HealthTech,  insurance, etc  to  the  card.

 

CUSTOMER CATEGORY:

Freelancers&Startups We've identified and initiated strategic partnerships with freelancers and startups working from co-working spaces across Ghana.

BusinessCommunities We've identified and initiated strategic partnerships with professional business communities who uses printed cards.

 

USE OF PROCEEDS:

  • Product Development:

    We will use some of this money to beef up our product and engineering team so we can ship faster.

  • User Acquisition:

    We need to accelerate our user acquisition efforts.

  • Working Capital:

    Some of the funds will remain in company accounts as working capital to beef up our netting off reserves.

  • Technology Investment:

    We need to accelerate our technology investment efforts.

  • Market Expansion:

    We intend to expand our offering to all Anglophone Africa, Francophone Africa, and USA & Europe to make a real connection between Diaspora and Africa.

 

 

How DCard Makes Money:

Our business model is based on subscriptions and sales of the dBoss Smart Cards. 

 

Competitive Advantage:

Simple Design, Organize, Edit and Share

Dcard digital business cards are easily accessible to anyone with a smartphone or computer. Easiest way to categorize your managed resources. No apps needed.

Interactive Business Cards

DCard allows the attaching of media and interactive links to your custom business cards.

A great way to gain a competitive edge.

Cost-Effective & Dark Mode

Dcard digital business cards are a cost-effective way to get your brand into the hands of your clients. All your vCards support dark mode as well.

Custom Domain &Tracking Pixels

Connect your own domain or use our predefined ones. Facebook, Google Analytics, Google Tag Manager, LinkedIn, Pinterest, Twitter, Quora tracking pixels available.

 

MARKET SIZE

market

The global digital business card market size is expected to register an exponential growth due to the COVID-19 pandemic. A digital business card is also known as a virtual or electronic business card.

 

TEAM STORY:

The birth of DCard happened when we lost the opportunity to get contact details of a potential investor we pitch, who was waiting for his ordered printed cards after updating his contact. 

Few months after, we have partnered with institutional organizations like CCIFG- France Chamber of Commerce and Industry, Ghana, Kutana Africa, SG bank INNOV8 and others yet to be named. 

Now, we're expanding continental, targeting whole of West Africa, some selected East, Central, Southern and Northen African countries.

 

WHO'S BEHIND?

Gasby Group is a Pan-African leading technology organization offering Fintech, E-commerce, Business Intelligence Technology, Health Technology and Real Estate enabled solutions and services across Africa.

Our style is to lead with empathy and come together as a team to have a positive impact on the communities we serve. That’s why our values revolve around putting design first, setting the bar high, and doing what’s best for businesses and the continent.

We deliver HITECH transactional services, systems integration and managed services, ICT outsourcing services, strategic and technical consultancy, and a comprehensive range of enterprise-class managed cloud services coupled with an interest in general business solutions and services.

 

OUR MISSION

Our mission is to create Africa's most innovative technology enabled services and products oriented ecosystem; a powerhouse to help drive developmental change across Africa.

OUR PROMISE

  • Gasby Group is very much in-tune with the perculiar needs of the Ghana and African Startups and the SMEs sector. As the sector keeps changing, we keep ahead of our clients' needs by being innovative in the services we offer.
  • We focus on making it convenient for SMEs and startups to access resourceful technologies as tools for their businesses using web, mobile, social media platforms and many more channels in reaching the most elusive of clients.
  • With a plethora of skills and expertise, Gasby Group is the best and right choice to fulfil every SME and startup needs. Well qualified team to match and manage specific job/role requirements.
  • Having served and worked with different brands with various needs, we have cultured the ability to discern distinct demands that we fulfil consistently.
 
OUR TEAM:

We pride ourselves on hiring exceptional talent -- our team members come from a wide variety of top-tier African tech companies, professional services firms, and industry leaders.

team

 

To continue our rapid growth, we're looking to bring on people who are passionate about our mission and excited to work in a small startup environment. We have competitive salary and stock options and great benefits.

 

Term Sheet

Fundraising Description
 
Round type: Pre-Seed
Round size: GHS ¢999,999.8
Raised to date: GHS ¢0.00
Minimum investment: GHS ¢100
Target Minimum: GHS ¢699,999.86
 
Key Terms
Security Type: Preferred Equity
Share price: GHS ¢0.20
Duration:2 years
Pre-Money valuation: GHS ¢272,182,002.3675
Option pool: 2.61%
 
Option pool A pool of unallocated options typically reserved for future employees, which affects the fully-diluted pre-money valuation for this offering.

 

 

 

General Risks and Disclosures

Start-up investing is risky. Investing in startups is very risky, highly speculative, and should not be made by anyone who cannot afford to lose their entire investment. Unlike an investment in a mature business where there is a track record of revenue and income, the success of a startup or early-stage venture often relies on the development of a new product or service that may or may not find a market. Before investing, you should carefully consider the specific risks and disclosures related to both this offering type and the company which can be found in this company profile and the documents in the data room below.

Your shares are not easily transferable. You should not plan on being able to readily transfer and/or resell your security. Currently there is no market or liquidity for these shares and the company does not have any plans to list these shares on an exchange or other secondary market. At some point the company may choose to do so, but until then you should plan to hold your investment for a significant period of time before a "liquidation event" occurs. A "liquidation event" is when the company either lists their shares on an exchange, is acquired, or goes bankrupt.

The Company may not pay dividends for the foreseeable future. Unless otherwise specified in the offering documents and subject to the country law, you are not entitled to receive any dividends on your interest in the Company. Accordingly, any potential investor who anticipates the need for current dividends or income from an investment should not purchase any of the securities offered on the Site.

Valuation and capitalization. Unlike listed companies that are valued publicly through market-driven stock prices, the valuation of private companies, especially startups, is difficult to assess and you may risk overpaying for your investment. In addition, there may be additional classes of equity with rights that are superior to the class of equity being sold.

You may only receive limited disclosure. While the company must disclose certain information, since the company is at an early-stage they may only be able to provide limited information about its business plan and operations because it does not have fully developed operations or a long history. The company may also only obligated to file information periodically regarding its business, including financial statements. A publicly listed company, in contrast, is required to file annual and quarterly reports and promptly disclose certain events through continuing disclosure that you can use to evaluate the status of your investment.

Investment in personnel. An early-stage investment is also an investment in the entrepreneur or management of the company. Being able to execute on the business plan is often an important factor in whether the business is viable and successful. You should be aware that a portion of your investment may fund the compensation of the company's employees, including its management. You should carefully review any disclosure regarding the company's use of proceeds.

Possibility of fraud. In light of the relative ease with which early-stage companies can raise funds, it may be the case that certain opportunities turn out to be money-losing fraudulent schemes. As with other investments, there is no guarantee that investments will be immune from fraud.

Lack of professional guidance. Many successful companies partially attribute their early success to the guidance of professional early-stage investors (e.g., angel investors and venture capital firms). These investors often negotiate for seats on the company's board of directors and play an important role through their resources, contacts and experience in assisting early-stage companies in executing on their business plans. An early-stage company may not have the benefit of such professional investors.

 

Category: Professional Services
Insurance: No