Executive Summary

Halges Financial Technologies Limited – Company Overview About the Company: Halges Financial Technologies Limited (trading as Korba) is a licensed Payment Service Provider-Enhanced (PSP-E) under the Bank of Ghana. Established in 2014, the company has grown into one of West Africa’s leading fintech innovators, with a strong presence in Ghana, Zambia, Ethiopia, and Liberia, and plans for near-term expansion into Uganda. Halges also operates a holding office in Dubai to oversee international growth and cross-border partnerships. By 2030, the company aims to scale operations into 25 African countries, positioning itself as a pan-African digital payments leader. The company’s flagship platform, Korba, launched in 2016, is designed to deliver seamless, secure, and affordable last-mile financial services. Its mission is to enable financial inclusion and support the transition to a cashless society by leveraging mobile money, interoperable APIs, agent networks, and digital wallets. What Halges Offers: Halges provides an integrated ecosystem of digital financial services, serving both retail and corporate customers through two main platforms: 1. Korba 365 (Retail Platform) *A unified financial payment and distribution hub that aggregates merchant products and services into a one-stop-shop accessible via mobile, USSD (*365#), WhatsApp BOT, and POS devices. *Provides consumers with access to bill payments, airtime/data top-ups, remittances, e-commerce checkouts, and brokerage services, simplifying transactions in both urban and rural communities. 2. Korba Exchange (Corporate Platform) *A B2B payment gateway for corporates, banks, insurance firms, and utility providers. *Offers bespoke solutions for collections, reconciliations, disbursements, and customized billing, enabling institutional clients to digitize revenue mobilization and improve operational efficiency. Why Halges is Raising USD 10 Million: Halges is seeking USD 10 million in equity and debt capital to finance its Korba 2030 Growth and Expansion Agenda. The funding will be directed toward: *Agency development and network expansion across Africa. *Refinancing existing debt to strengthen balance sheet flexibility. *Capital expenditure and working capital for technology scaling. *Aggressive marketing campaigns to increase brand visibility. *Regional and international expansion, targeting 25 countries by 2030. The strategic goal is to process over 30 billion transactions annually, connect 1 billion people across Africa, and achieve USD 1 billion in annual revenue post-2030. Competitive Advantages: Halges stands out in Africa’s crowded fintech sector due to its: *Superior and secure technology architecture designed for interoperability. *Multi-channel access through mobile apps, web portals, USSD, and agent networks. *Customer-centric product portfolio with tailored solutions for SMEs, corporates, and retail users. *Strong regulatory licenses (PSP-E, PCI DSS, ISMS, Data Protection). *Diverse partnerships with telecoms, banks, MTOs, and merchant aggregators. *Scalable and agile infrastructure that minimizes marginal costs as operations expand. Market Opportunity: The African digital payments sector is one of the fastest-growing fintech markets globally, with sub-Saharan Africa accounting for almost half of global mobile money transactions. In Ghana alone, mobile money transaction volumes surpassed GHS 1.3 trillion in 2023, exceeding growth forecasts. With diaspora remittances, intra-African trade, and labor migration continuing to expand, Halges is strategically positioned to capture value through remittances, digital gateways, and distribution services. Financial Performance & Projections: *Current enterprise value: USD 11.2 million (as of Dec 2023). *Equity value: USD 9.4 million. *Korba Exchange platform valuation: USD 4.8 million. *Revenue forecast: USD 65 million by 2030 (from Ghana operations alone). *EBITDA: Expected to exceed USD 28 million by 2030, with margins averaging 43%. *Net Income: Projected to reach USD 20.9 million by 2030. Why Invest in Halges: Investors benefit from: *Exposure to the fastest-growing payments market in Africa. *A diversified revenue model spanning remittances, bulk disbursements, gateway services, e-commerce, and e-distribution. *Proven scalability and growth trajectory, supported by over 5 million transactions annually already processed. *A seasoned management and board team, with strong industry expertise and governance oversight. *Alignment with SDGs (financial inclusion, poverty reduction, job creation, and digital literacy). Search Keywords: African Fintech Investment, Mobile Money Africa, Digital Payments Ghana, Remittances Zambia Ethiopia Liberia Uganda, Payment Gateway Africa, PSP-Enhanced License, Halges Korba, Fintech Expansion Africa, Interoperable Payment Solutions, Financial Inclusion Africa, Agency Banking, Last-Mile Financial Services, Investment Opportunity African Startups, Equity Debt Raise Fintech, Korba 2030 Agenda