QRShield · Nepal
CONFIDENTIAL · PRE-FUNDING

AI QR fraud protection for Nepal's NPR 958B payment rails.

The fastest-growing QR market in South Asia, with the highest fraud growth rate, and zero dedicated AI defense layer in production. We're first.

QR txns FY24
1.69B
QR merchant codes
2.34M
Cybercrime cases 2024
19,730
The wedge

COLLECT-vs-SEND confusion

NRB has publicly warned about it. Cyber Bureau logs Rs 378.6M stolen in one jurisdiction over 8 months. Wallets ship without intent verification. We do that on decode.

Why now

8× cybercrime growth · zero competitors

Cybercrime cases up 8× since 2019. NRB Strategic Plan 2022–26 prioritizes payment security. Draft IT Bill 2026 creates a Cyber Security Authority. Procurement door is open.

Revenue model

6 streams · NPR 318M Y3 ARR

Fintech SaaS · per-scan API · NRB government contract · merchant cert · telecom bundle · consumer freemium. LTV:CAC 14×. Gross margin 68%.

Moat

Wallet-rail parsers + the data flywheel

Live today: GPT-4o vision + Nepal-specific wallet deeplink parsers (eSewa, Khalti, Fonepay, NEPALPAY EMV-TLV). Post-funding: Nepal-trained classifier on user-reported fraud — 10x cheaper inference + data sovereignty for NRB.

The ask

Pre-seed to ship Phase 1 · 12 months · NRB pilot + first paying fintech

Live LLM scanner free for users today. Funding unlocks Phase 1 deliverables: NRB pilot conversion, first fintech SDK integration, and the Nepal-trained model that takes inference cost per scan from ~$0.0005 to ~$0. Path to NPR 43M Y1 ARR, NPR 135M Y2.