Bae Watch
VisaWire : Visa Applications Made Easy
Pre-Seed
Commercial and Professional Services
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❓ Business Model
- VISA applications made super easy, where clients pay for the technology instead of a consultant
- They charge per VISA application
📈 Traction
- Founders in Residence at Spring Studios/Salica
- Pre-seed round committed from Salica Investments/ Bahraini Sovereign Wealth Fund
- Current time saved on Schengen Visa application process is around 45 minutes
- Total distribution partners for launch cover access to 6 million people
🌱Founding Team
- Preet Patel ( CEO)
- Started VisaWire in my third year of UCL economics (top 10% of cohort) whilst doing a computer science programme (top 0.8% of applicant pool) and working 20+ hours across two jobs.
- Ex BofA
- Shahzaib Ahmed(CTO & Co-founder)
- CTO of 5 years: recently a CTO on an early exit
- Solo founder of a product with 4.2 million users
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📖 Story
When working at CIBT Visas as a consultant, Preet saw a mother of two children being charged £450 for her two children's VISAs as consulting fees. Since most of his work was manual copy pasting and printing, he realised this whole process could be automated, but for a cheaper, faster and with fewer mistakes.
👀 Reasons to watch
- Market access: Strong regional connections via spring and salica amplyfing 0 to Series A
- Fully fledged AI voice agents and chatbots, through their angel's company: something their competition cannot afford to keep up with or build
- Testing with one of the biggest travel agencies in MENA
- Huge vertical: current market size of $15B in immigration/visa consulting.
➕Further reading
- https://www.linkedin.com/posts/samyearsley_our-portfolio-has-grown-fast-at-spring-studios-activity-7288155906549157892-sllo?utm_source=share&utm_medium=member_desktop&rcm=ACoAACIJgLUBudr4kAKgJNPhIHO57TKDPkx53vE
- https://www.linkedin.com/posts/ayman-ali1302_this-past-friday-i-hosted-initiator-vcs-activity-7256572577651814400-6DSb?utm_source=share&utm_medium=member_desktop&rcm=ACoAACIJgLUBudr4kAKgJNPhIHO57TKDPkx53vE