Current Interests
$60,000 - $90,000
3 Investors Interested

3%
Pledged:

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ID:
RP-TTW-2023
Exemption:
Test the Waters
Issue Type:
Equity
Accredited Only:
No
Reviewed Financials:
Yes
Reviewed By:
Abdi Sheikh-Ali, CPA, PLLC
Price per Unit:
$1.00
Minimum Investment:
$10,000
Minimum Goal:
$2,200,000
Target Goal:
$3,000,000
Planned Launch Date:
January 1st, 2024
Ramad Pay Management Bios.pdf
Ramad Pay Investor Presentation.pdf

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Ramad Pay provides international money transfer services to US immigrants who want to send money to their loved ones in over 120 countries.

Ramad Pay Inc, formerly known as Kaah Express F.S. Inc., was incorporated in 2001 in Minneapolis, Minnesota as a Licensed Money Service Business (MSB).  

Since its founding, the company has evolved and expanded its services from the state of Minnesota to over 16 US states including California and Texas.

Ramad Pay, a licensed money transmitter facilitating affordable consumer remittances, is pursuing $3,000,000.00 of fundraising to fuel ambitious growth plans in 2023-2024.

Led by an experienced executive team and board, Ramad Pay aims to build on its 2022 success when it processed over $138 million in remittance transactions.

The capital raise will support four key initiatives:

  • Expanding services beyond the East Africa corridor by opening a new settlement office. This will widen the company's global reach.
  • Upgrading technology infrastructure including APIs, compliance systems, and mobile apps. This will boost efficiency and user experience.
  • Enhancing marketing and branding efforts across digital, print, and events. This will drive greater awareness and customer acquisition.
  • Obtaining money transmitter licenses in 11 new U.S. states including NY, NC, and IN. This will significantly expand Ramad Pay's addressable domestic market.

 

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Disclosure: this page represents Testing The Waters materials.

  1. No funds or other consideration is being solicited, and if money is sent, it will not be accepted by the company; 
  2. No sales will be performed or commitments to purchase accepted until the offering statement is qualified; and
  3. A proposed purchaser’s indication of interest is non-binding.