Orokii is raising funds on Wefunder with a valuation of $6 million. While the company's app has shown promising traction with over 2,000 installs, 500 active users, and a transaction volume of more than $100,000, the valuation seems inflated for a pre-revenue company in the early stage. With no revenue generated yet, it is impossible to determine a revenue multiple for Orokii. However, based on the current valuation and the lack of revenue, the price appears to be higher. Investors should carefully evaluate the potential growth and scalability of Orokii's app in the competitive global remittance market before considering an investment.

The global remittance market, which Orokii operates, is a substantial sector with high transaction volumes. In 2023, the market size was estimated at $59.4 billion, and it is projected to reach $107.80 billion by 2030, demonstrating a compound annual growth rate of 10.1% over the forecast period. This growth is primarily driven by international migration, urbanization, and increasing digitization, leading to an increased need for efficient money transfer services.

Orokii, with its innovative app, is positioned to disrupt this market by providing a more affordable and secure way for individuals and businesses to make domestic and cross-border payments. In an age where digital transactions are becoming the norm, Orokii's offering will likely appeal to a broad range of customers, from individual remitters to businesses that need to transfer funds across borders.

However, it's important to note that this market is highly competitive, with established players like Western Union and PayPal already providing similar services. For Orokii to carve out a significant market share, it must differentiate its offering through lower fees, faster transaction times, or better user experience.

Furthermore, while the market regulation is high, Orokii seems well-prepared to navigate the regulatory landscape, having already received seven money transmittal licenses. This evidences the company's commitment to ensuring its operations comply with relevant laws and regulations, which is crucial in a highly regulated industry like financial services.

Orokii is led by founder and CEO Bisi Adedokun. Adedokun has over 2.7 years of relevant industry experience and is dedicated to the success of Orokii. Adedokun exited a previous startup called Acenonyx, a software development company.

Orokii's team consists of six members, including Adedokun. The team has been focused on developing and launching the Orokii app, which aims to simplify domestic and cross-border payments for individuals and businesses. 

While the team is relatively small, they have demonstrated their ability to execute and achieve milestones. As Orokii continues to grow, it will be important for the team to expand and bring in additional talent with relevant industry experience to support the company's high-growth business model and distribution model.

Within the remittance market, Orokii operates in a highly competitive landscape with 50-100 direct competitors. While the company has received seven money transmittal licenses and established partnerships with notable companies such as Tempo, Terrapay, Stellar, Plaid, and TANTV, it lacks unique differentiators that set it apart. The app's value proposition of cheaper and faster money transfers is a standard offering in the market, making it similar to other established solutions.

Moreover, Orokii's lack of patents further limits its ability to differentiate itself from competitors. Additionally, Orokii's early-stage development and absence of paying customers indicate that it is still in the process of establishing a solid foothold in the market.

While Orokii has the potential for high growth in the future, it will need to invest in research and innovation, marketing efforts, and general administrative expenses to strengthen its position in the industry. The success of its crowdfunding campaign on Wefunder will be crucial in providing the necessary funds for these initiatives and determining its trajectory in the market.

Orokii has formed strategic partnerships with notable companies in the industry, including Tempo, Terrapay, Stellar, Plaid, and TANTV. These partnerships give Orokii access to a broader customer base and enhance its credibility in the market.

While Orokii has shown promising growth in user adoption and transaction volume, it has not yet generated revenue or secured paying customers. As a pre-revenue company, Orokii is in the early stages of monetizing its product offering. 

Orokii's financials indicate that the company has limited cash and cash equivalents, with $826 at the end of the most recent fiscal year. The company has previously raised $33,000 in prior funding rounds, which has likely been utilized for product development, marketing, and general expenses.

Overall, Orokii operates in a highly competitive landscape, but its innovative technology and strategic partnerships position it well for growth in the global remittance market. 

Orokii is a software company that is operating in a highly competitive market. The global remittance industry is already crowded with established players, making it challenging for Orokii to gain market share and differentiate itself. While the company has partnerships with various companies in the industry, it will still face fierce competition from other players offering similar services.

Another risk factor is Orokii's financial position. The company had limited cash and cash equivalents at the end of the last fiscal year, and its monthly burn rate is relatively high. This indicates that Orokii may require additional funding shortly to sustain its operations and achieve its growth objectives.

Furthermore, Orokii is in the early stages of development and has not yet generated any revenue. While the company has achieved many app installations and active users, it has not translated into meaningful revenue. This lack of revenue and profitability raises concerns about the company's ability to monetize its product and achieve sustainable growth in the future.

Lastly, Orokii's valuation may be perceived as overvalued. With a valuation of $6 million, the company will need to demonstrate significant traction and revenue growth to justify this valuation. If the company fails to meet these expectations, it could result in a down round in future funding rounds, which could negatively impact the value of the investment.

Orokii has positioned itself as a disruptor in the money transfer industry. With its innovative app, the company aims to make money transfers cheaper, faster, and more convenient for individuals and businesses. Orokii has gained traction with over 2,000 installs since its launch, demonstrating early user adoption and interest.

One of Orokii's key strengths lies in its partnerships with established companies in the industry, such as Tempo, Terrapay, Stellar, Plaid, and TANTV. These partnerships provide Orokii access to a vast network of users, enhancing its reach and potential for growth. Additionally, the company's acquisition of seven money transmittal licenses further solidifies its credibility and compliance within the financial sector.

The global remittance market offers a substantial addressable market for Orokii. The need for affordable, reliable, secure money transfer services is high, especially for individuals and businesses involved in cross-border transactions. By simplifying the payment process and offering competitive rates, Orokii has the potential to capture a significant portion of this market.

Orokii is a relatively new player in the global remittance market. While the company has made some progress in partnerships and user adoption, several factors raise concerns about its long-term viability.

Firstly, Orokii operates in an extremely competitive landscape. Established players with strong brand recognition and extensive networks dominate the global remittance industry. Orokii will face significant challenges in gaining market share and building a sustainable customer base in the face of such competition.

Additionally, while Orokii boasts partnerships with several companies in the industry, it is worth noting that these partnerships do not guarantee success. The success of Orokii's business model relies heavily on the cooperation and adoption of these partners, and any friction or lack of interest from them could hurt Orokii's growth prospects.

Lastly, Orokii's valuation of $6 million seems overinflated, given its current stage and lack of significant revenue or market traction. Investors should consider whether the potential returns justify the valuation and the inherent risks of investing in a pre-revenue company in a highly competitive market.

Orokii is an early-stage fintech startup aiming to make money transfers faster and cheaper. The company has developed an application simplifies domestic and cross-border payments for individuals and businesses. Since its launch, the app has garnered over 2,000 installs, with 500 active users and a transaction volume exceeding $100,000. Orokii has also secured seven money transmittal licenses and established partnerships with several companies, including Tempo, Terrapay, Stellar, Plaid, and TANTV.

However, Orokii operates in a highly competitive market, with numerous well-established players offering similar services. The company has yet to generate revenue and reported a net income loss of $87,744 in the most recent fiscal year. Furthermore, Orokii's current valuation of $6 million seems high, given its early stage and lack of revenue.

The current crowdfunding campaign aims to raise between $50,000 and $1.23 million. The funds will be allocated toward marketing, research and innovation, and general and administrative expenses. While the company's product offering aligns with a growing demand for efficient and affordable money transfer services, potential investors should consider the risks associated with Orokii's pre-revenue status, high competition, and lofty valuation.