# Basic Transfer

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/basic-transfer

- Industry: Financial Services
- Headquarters: Cape Town, South Africa
- Website: www.getwala.com
- Latest round: Seed (Jan 4, 2016)
- Investors on record: 1

## About

Basic Transfer, Inc. specializes in online gaming solutions, offering users a broad selection of interactive games that combine entertainment with real-time rewards, primarily targeting the Indonesian market.Founded in 2015 and headquartered in Cape Town, South Africa, Basic Transfer, Inc. focuses on online gaming services. The company was established by Henry Ogbuagu, who has experience in various business ventures. In October 2017, Basic Transfer, Inc. raised an undisclosed amount of venture financing led by Newtown Partners.303PEDIA is a leading online gaming platform in Indonesia, providing a diverse range of games that allow users to enjoy entertainment while earning instant rewards. The platform is accessible via a simple registration and login process, functioning 24/7 on both mobile and desktop devices. Aimed at delivering a seamless gaming experience, 303PEDIA caters to both casual players and those interested in monetizing their gaming activities. The platform features hundreds of games and offers multiple payment methods, including local bank accounts, e-wallets, and virtual accounts, to accommodate various user preferences.303PEDIA generates revenue through financial transactions associated with its gaming services. Players deposit funds for gameplay, with a minimum initial deposit of IDR 100,000 and IDR 50,000 for subsequent deposits, while the same minimum is required for withdrawals. Revenue is derived from these deposits, along with promotional offers and bonuses designed to enhance user engagement. The company’s direct-to-consumer sales approach focuses on individual gamers interacting with the platform.With the recent financing deal in October 2017, Basic Transfer, Inc. plans to enhance its platform by developing new gaming products and expanding its offerings. The company aims to penetrate additional markets beyond Indonesia, targeting Southeast Asia for potential expansion by 2025. The funds raised will be utilized to bolster product development and marketing efforts, facilitating the entry into these new geographic regions.

## Funding rounds

- Seed, Jan 4, 2016 — Techstars

## Investors

- Techstars (https://capitalatlas.ai/funds/techstars) — Seed