Part 6: Governance & Equity Structure
The Founding Team & Cap Table
THE THREE PILLARS — Complementary Founding Team
AG
Aziz GBEDOUROROU
Co-Founder · CTO / Lead Developer
Product & Tech: Intellectual Property (IP), hardware & software development (ESP32-S3, NFC, cloud), system security architecture, and technical roadmap.
DK
David KPONDEHOU
Co-Founder · CEO / Strategy
Capital & Relations: Investor relations, fundraising, government lobbying, strategic partnerships, and high-level business development.
FA
Frank AKPO
Co-Founder · COO / Field Operations
Operations & Execution: On-site merchant recruitment, field team management, local advertising & brand presence, and hardware deployment & maintenance.
EQUITY ALLOCATION — Cap Table
| Stakeholder | Initial | Post-Seed | Post-Series A |
|---|---|---|---|
| Aziz (CTO) | 40.0% | 34.0% | 27.2% |
| David (CEO) | 30.0% | 25.5% | 20.4% |
| Frank (COO) | 30.0% | 25.5% | 20.4% |
| Investors (Seed) | — | 15.0% | 12.0% |
| Investors (Series A) | — | — | 20.0% |
* Includes a 5% ESOP to be created in Phase 3 to attract key engineering and operations talent.
🔐 Founder Vesting & Protection
Vesting Period
4 Years
Cliff
1 Year
Mechanism
Monthly after cliff
Legal Entity
SAS (OHADA Law)