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Project Fact Sheet 1604/2019

 

FINTECH Start-up DSSC Project

Project ID: 16042019

Project Description DSSC was founded in December 2016. With headquarters in Cyprus and offices in London, Lisbon and Dubai, DSSC operates in Europe, Africa and the Middle East. DSSC is a financial technology developer and services provider that builds and operates platforms for digital financial transactions such as:
  • Remittances
  • Bill payment
  • Mobile Money
  • e-Wallets / Digital Banking
  • Revenue Collection
  • Microfinance
Through PAYMENTA, we are licensed to provide Financial Services throughout the European Union as an Approved Payments Institution, licensed by the Central Bank of Cyprus. PAYMENTA Business: Through PAYMENTA, we are licensed to provide Financial Services throughout the European Union as an Approved Payments Institution, licensed by the Central Bank of Cyprus.
  • DSSC enables businesses to create new revenue streams by connecting to our network of clients to open new markets and remittance corridors. This allows businesses to connect to any of our partners worldwide to remit funds or make payments with just one connection to our central hub.
  • DSSC also develops white label technology and provides compliance, data protection and marketing services which help its clients facilitate faster, cheaper and more accessible movement of money across different countries, networks and currencies.
  • We provide national switching of payments in developing countries, interconnecting financial institutions to create a payments ecosystem and enable local/federal governments the ability to collect revenues as well as collate data on their financial ecosystem.
  • We also work with banks in developing countries to enable their diaspora in Europe to use Mobile Applications that are branded and positioned as those banks to open accounts back in their home countries and send money back home in one simple process. This is facilitated by the license that Paymenta has as a European Payments Institution.

Duration
Launching Date 16th April ,2019

Location
Yeni Bosna Merkez Mah.
Ladin Sk. Kuyumcukent Kompleksi. Magaza
Blogu, Plaza-1 .Kat-4. Office No: 3&4
34197 Bahcelievler
Istanbul – Turkey

Project budget
Total budget: USD 5,000.000
Minimum share per investor: USD 500.000

Project Partners
Implementing Partner: DSSC Digital Software Solutions Ltd., Reg.No HE308936, a company duly incorporated under the laws of United Kingdom and Wales, with its principal office at 20 procter street, London, United Kingdom.
Auditing Partner:Deloitte turkey, Alsancak 1456. Sokak 35220 İzmir/Konak
Responsible Parties:
Lyra Yatırım Holding

Contributing Unitholders
medium-to-high net worth individuals and
institutions: USD 500.000

Project Delivery

N/A

Funding Shortfall
Funding Shortfall: USD 5.000.000

Expected Return on investment
Within 5 years: 300% Minimum.

Risk Level
Medium-to-high risk level

The technology is built and matured by a team that has between them, more than 40 cumulative years of experience and deep knowledge across mobile financial services, remittance, payments, compliance and regulatory sectors

Most of the key team members are ex-Western Union at very senior levels

Project Document
https://lyraholding.com/fintech-start-up-dssc-project

Fund Development Goal
Goals for Q2-Q3 /2018, through fund development : USD 5.000.000 targeted
Goals for Q1-Q4/2020, through fund development: USD 15.000.000 targeted
Goals for 2020-2025, through products and markets development : USD 20..000.000 targeted

Contact
Lyra Yatırım Holding
E-mail: ınfo@layraholding.com . Yeni Bosna Merkez Mah.
Ladin Sk. Kuyumcukent Kompleksi. Magaza Blogu, Plaza-1 .Kat-4. Office No: 3&4
34197 Bahcelievler
Istanbul – Turkey