Elevator Pitch:
Asoriba is a web and mobile application that enables effective church administration for leaders, and seamless payment and insurance cover via mobile apps, USSD and web payments. We have 3 products www.asoriba.com www.mychurcpay.com and www.mybusinesspay.com

Problem:
Church administrators struggle to monitor member attendance, branch reports and church finances. The current methods of doing so and staying in touch with the congregation are inefficient and expensive. Collecting funds and supporting members is a challenge.

Solution:
A web based application that enables effective church administration for leaders, and a mobile app/sms for seamless engagement with members, in addittion churches can provide life cover for members

USP:
Affordable donations
Insurance cover
Real-time access to church data
Seamless giving by church members
Informed financial and organizational decisions
Quick, affordable and easy communication
Effective member and leader engagement
Save time...
Elevator Pitch:
Asoriba is a web and mobile application that enables effective church administration for leaders, and seamless payment and insurance cover via mobile apps, USSD and web payments. We have 3 products www.asoriba.com www.mychurcpay.com and www.mybusinesspay.com

Problem:
Church administrators struggle to monitor member attendance, branch reports and church finances. The current methods of doing so and staying in touch with the congregation are inefficient and expensive. Collecting funds and supporting members is a challenge.

Solution:
A web based application that enables effective church administration for leaders, and a mobile app/sms for seamless engagement with members, in addittion churches can provide life cover for members

USP:
Affordable donations
Insurance cover
Real-time access to church data
Seamless giving by church members
Informed financial and organizational decisions
Quick, affordable and easy communication
Effective member and leader engagement
Save time, money and work efficiently at church
Increase member size and accelerate church growth

Market Size:
Total Addressable Market (Estimated number of churches in Africa): 2,600,595 Churches worth $1,056,241,662

Served Available Market (Active membership, Computer literate & formal administration): 780,179 Churches worth $ 316,872,498
Target Market (Urban churches with growth aspirations & Needs a solution ) :468,107 Churches worth $190,123,499

Customer:
B-to-B-to-C
Churches in AFRICA (Ghana, Nigeria, Uganda, Kenya),10,000–1000,000 members, Member oriented, Formal administration, Computer literate & Urban

Revenue Models:
One time licensing fee with annual maintenance.
Advertising/Sponsored Content
Monthly subscription SaaS


Transaction fee for in app payments

Resale of SMS bundles for sending messages to members with feature phones

Sponsored content for a new feature called (Global Christian News that will be found within the mobile app)

Traction/Growth:
Since earlier this spring, when we had our first real member hit our database, the following has happened rapidly:
Banks Adopts Asoriba as a value added service for churches that bank with them.
580,000 church members in our database
160 Paying clients: Booked $12,200
Partnerships with Mobile money companies and banks to provide mobile and card payments

Near Term Strategy:
Grow insurance cover for members via our payment solution www.mychurchapay.com an increase the number of members who give digitally across Ghana.
More information
+2

Employees

Naomi Blessing
Admin
Naomi Blessing Consultant
Omega Amponsah
Admin
Omega Amponsah
Elgin Kyei Baffour
Admin
Elgin Kyei Baffour
Prince Dartey
Admin
Prince Dartey
Barnabas Nsoh
Admin
Barnabas Nsoh
Isaac Amoh Agyebeng
Admin
Isaac Amoh Agyebeng

Trends

Recommendations

Jessica Williamson Explorer at Sabbatical

I got to know the full Asoriba team through our Techstars fintech accelerator with Barclays Africa earlier this year. After understanding how many billion of dollars flow through African churches each year IN CASH..... we realised what a game-changer this could be. Nana, Jesse, Patrick, Obed, and Saviour are super solid guys, they work like crazy, and I'm excited to see their continued growth over the next 12 months. I have sent a longer note to Amy about why we were so impressed by them. :)

Ursula Tereba

I've had a great pleasure of working with Asoriba as Director of Sales at the MEST Incubator for the past 6 months. There is no doubt about how relevant the product is with its great market potential globally, but what really stands out about Asoriba is the strength of the team itself - from tech background to excellent leadership by the CEO Nana Prempeh. The Asoriba team has an incredible work ethic and has delivered on solid strategic vision and continuous business focus. I can't recommend this startup enough.

Fredrik Andersson Co-Founder at Flairspace

I have had the great fortune to work closely with the Asoriba team in my role as a Business Fellow at the Meltwater Entrepreneurial School of Technology in Ghana. The idea behind Asoriba is great and their solution is addressing a real pain point in a massive market. But it is the strong and very capable team, more than anything, that gives me great confidence in the future prospects of the company. I highly recommend anyone to get involved with the venture.