VaultPay YC Application

Summer 2023Active

VaultPay went through Y Combinator in the Summer 2023 batch as a Fintech company. Below: what the company does, who founded it, and its application to YC, reconstructed question by question in the real YC form.

YC batch: Summer 2023
Industry: Fintech
Team size: 2
Status: Active
Launched: 2023

Founders

Ntambwa BasambomboFounder
Christel IlakaFounder

What VaultPay does

Vaultpay is building a digital banking platform for 30 million smartphone users in DRC and the country's largest agent network. For example, a young Congolese entrepreneur who just won a subcontract with a major mining company can now easily open a personal and business account, receive payments, all from their smartphone, instead of spending hours at bank branches.

VaultPay's YC application, reconstructed

Y Combinator application

VaultPay, Summer 2023 batch. The real form questions, answered from public data.

Founders2
Company7
Progress7
Idea4
Equity3
Curious2
Batch Preference1

Company

Company name

VaultPay

Describe what your company does in 50 characters or less.

Digital banking platform for DRC smartphone users

What is your company going to make? Please describe your product and what it does or will do.

We built a digital banking platform tailored to the Democratic Republic of Congo's 30 million smartphone users and the largest agent network in the country. Our product lets entrepreneurs and individuals quickly open personal and business accounts, receive payments, and handle financial transactions directly from their phones, avoiding hours spent at traditional bank branches.

Where do you live now, and where would the company be based after YC?

We live in Kinshasa, Kinshasa, Democratic Republic of the Congo, and after YC the company will remain based here.

Explain your decision regarding location.

We are based in Kinshasa because it's where the problem exists and where our team and early users are. Being local keeps us close to the network of agents and entrepreneurs we serve and helps us iterate faster.

21 more answers in the full application

Founders, Progress, Idea, Equity, Curious, Batch Preference are in the full version. Create a free account to open it in YC Insights, next to every other YC batch.

See full application

Frequently Asked Questions

Is this the real VaultPay YC application?

No. Y Combinator keeps submitted applications private. This is a reconstruction: the real YC form questions, answered from VaultPay's public data (launch notes, founder backgrounds, product description). It shows how a company like VaultPay would present itself to YC, not the text they submitted.