There haven’t been lots of neobanks emerging recently, so I was actually a little bit of shocked to know that Lupiya lately elevated a $8.3 thousand Set A. The business declares it is actually choosing to create the planet much better “through making a yard that ensures a fiscally enabled Zambia.”
For the 69th installation (pleasant!) of the Sound Deck Teardown collection, allow’s take a peek at exactly how Lupiya informed its own tale to finalize this sphere.
We’re seeking additional special sound decks to take apart, therefore if you desire to send your very own, listed below’s exactly how you can possibly do that.
Slides in this particular deck
Lupiya’s deck is actually remarkably portable at simply 10 slides. A small deck creates a fantastic method to inform the account rapidly, yet it likewise implies you take the chance of missing out on a number of factors.
The business stated it has actually revised its own footing slide to safeguard some vulnerable information, yet it carried out discuss a number of the varieties along with me in assurance. Suffice it to state the business possesses some quite outstanding metrics to support its own progression due to the fact that it was actually established in 2016.
Here are the slides in the deck:
- Cover slide
- Problem slide
- Solution slide
- Market size slide
- Business model slide
- Competition slide
- Traction slide
- Team slide
- Ask and use of funds slide
- Closing slide
Three things to love
There are always going to be some pieces missing in a 10-slide deck, but overall, I’m extremely impressed by what’s there. Listed here are actually three highlights:
A clear, metrics-forward problem statement
A lot of startups give in to the temptation to only state the problem (“Financial services in Africa are inefficient”) and forget to bring the receipts.
Well, take a leaf out of Lupiya’s book: Bring the numbers to show the scope and severity of the problem. It’s almost like a sneaky preview of the market measurements rolled in with the problem statement. Very well done.
Clear and clean business model
I don’t know about you, but I found it pretty interesting to see the numbers Lupiya has baked into its business design, especially when compared to the numbers I’m used to from banking services elsewhere in the world:
As an investor who’s not from the region, I’d be curious to know what the average deal offering is across the area. Is a 10% service fee as well as 8% interest common? Is that market rate or a competitive edge?
In any case, I like a good, clean, simple business model, and this ticks that box.
Solution brevity
I often argue that startups spend way too much time on their product slides, so I was impressed with Lupiya’s execution on this front. It shies away from the desire to include pages upon pages of details about its product, instead summarizing the whole thing with three screenshots and three bullet points. In the vast majority of cases, that’s enough for the first pitch; you can always demo the product in a later meeting. Very well done.
In the rest of this teardown, we’ll take a look at three factors Lupiya could have improved or done differently, along along with its own full sound deck.
