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**tl.dr:** _Chimoney is proud to announce the acquisition of the Scrim App, a social payment app built for Gen Z. Scrim's unique features, designed to send payment to social handles and DMs caught the attention of Uchi, Chimoney's CEO. The Scrim App will be relaunched in December 2023 with enhanced features powered from the ground up by Chimoney's API and Wallet as a Service (Waas)._

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We're excited to share that we have acquired the Scrim App, a forward-thinking social Payments App that enables you to send Payments to social handles and DMs (Direct Messages).

## What this means for Scrim and Chimoney users
- **Pay to Emails and Phones:** _Scrim by Chimoney_ will enable you to pay anyone in the world using just their email or phone number
- **Launch Fintechs Fast:** Scrim is a live product that uses Chimoney’s infrastructure and API for Global Payments, Rimittance and Rewards. This showcases how other Startups and Developers can use Chimoney’s Infrastructure and API
- **Earn when you Spend:** Users on Scrim earn for purchases made on the Scrim App

[![Scrim by Chimoney Banner](/uploads/new_phones_246d7d15_777572ea41.png)](https://scrim.ai/)

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## A Perfect Match: Scrim's Innovative Journey
Scrim is the brainchild of Pleasant Balogun, who serves as the company's CEO and CTO. Pleasant founded Scrim at age 17 and have infused elements of the new generation (Gen Z) into the design, marketing and promotion of the App. Pleasant and his dynamic team initially designed the Scrim app as a social payment App powered by Chimoney’s API and Wallet Infrastructure, which  allows users to send money to individuals through their social media handles. It quickly garnered attention, both from the public and the Chimoney team and Uchi Uchibeke, Chimoney’s founder have collaborated with Pleasant since the inception of Scrim.
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## Joining Forces for a Brighter Future

With Chimoney's acquisition of Scrim, Scrim's already impressive functionality is poised for substantial enhancement. Our teams have been working tirelessly to upgrade the initial app features, as well as introduce exciting new features. This transformation is all part of our vision to empower people everywhere with options to get paid for value they create and to showcase the power of Chimoney’s APIs for fully powering other Payment Platforms. The full integration of Scrim with Chimoney's API promises greater stability and reliability for Scrim while maintaining the Scrim name and brand.

Our commitment to Scrim goes beyond enhancing its functionality. Our brand and design team is commited to maintaining Scrim's original identity while making a few changes to bring in some elements of Chimoney into Scrim.

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## A Glimpse of What's to Come
The eagerly anticipated release of the new Scrim app is slated for December 2023. Here's a sneak peek of some of the outstanding features you can expect:

**1. Earning Opportunities:** In keeping with Chimoney’s commitement to economic empowerment, Scrim is going above and beyond standard transactions. Users will have the chance to earn effortlessly. Whether it's shopping through the app or completing tasks like sharing articles or engaging with social media posts, this feature adds a new dimension to the app, elevating the user experience and providing opportunities for people everywhere to earn from the value they create and get paid in local currencies, thanks to Chimoney’s global reach and payout capabilities.

**2. Global Real-Time Payments:** The Scrim app will empower users to send money to anyone in the world using just their email, phone number of Interledger Wallet Address (Payment Pointer). It will also empower **verified** Scrim users receive payments worldwide, regardless of their location. Recipients of Payment from Scrim can cash out their money locally exactly how they want it: to bank accounts in over 100 countries, Airtime, Mobile Money wallets in 17 countries, gift cards in 210 countries, cryptocurrencies in 7 blockchains, or even shop on platforms like Amazon and Shopify.

**3. Shop with Scrim Wallet Balance:** Users will have the convenience of shopping on Amazon and Shopify and paying with their Scrim balance, making online shopping more accessible and enjoyable. This unlocks access to over 500 million products right within the Scrim App.

**4. AI Capabilities:** Scrim users can enjoy personalized recommendations powered by AI. Approved Users can unlock additional earning opportunities by enhancing Scrim through the development and listing of prompt-based AI Apps.

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## Chimoney and Scrim: A Bright Future
At Chimoney, we are thrilled about this collaboration with Scrim. Our CEO, Uchi Uchibeke, remarked, "The idea behind the Scrim app is simply brilliant. I have collaborated with Pleasant and the Scrim team on several projects including Scrims integration with Chimoney’s API and Wallets. It’s no-brainer for us to acquire the Scrim App and help it grow."

Pleasant Balogun, Scrim's CEO, expressed his enthusiasm for the partnership, stating, "Working with members of the Chimoney team has been fantastic. Together, we're going to take Scrim to new heights."


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## Get Involved and Stay Informed

So, how can you get involved?
- Join the Scrim waitlist at [scrim.ai](https://scrim.ai/).
- Follow Scrim on [X (Twitter)](https://twitter.com/sendscrim), [Instagram](https://www.instagram.com/sendscrim/), and [LinkedIn](https://www.linkedin.com/company/sendscrim).

The future of global transactions is coming soon, and it's never looked brighter! Let’s work together to unlock economic opportunities for everyone!

Chimoney is proud to announce the acquisition of the Scrim App, a social payment app built for Gen Z. Scrim's unique features, designed to send payment to social handles and DMs caught the attention of Uchi, Chimoney's CEO. The Scrim App will be relaunched in December 2023 with enhanced features powered from the ground up by Chimoney's API and Wallet as a Service (Waas)

Chimoney Acquires Scrim App

Chimoney participates AC Studio Innovation Showcase in Walerloo Ontario Canada 2023

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The journey of a startup – like [Chimoney](http://chimoney.io/) can be full of challenges, from developing the initial idea to building a product, and then trying to get it into the market, with an ambitious goal to create a high impact globally. However, some programs can help startups navigate these challenges and bring their ideas to life. The Accelerator Center Studio Program (AC:Studio) is one such program that offers support and guidance to startups in their early stages. 

In September 20222, we at Chimoney were thrilled to be accepted and selected, amongst the other 100 businesses across southern Ontario, Canada, to join the program and receive up to $100,000 in seed funding. By participating in the  AC:Studio accelerator program, we get the amazing chance to work with innovation partners, learn from experts through mentorship sessions and training, and acquire essential market resources. What’s more, we will be participating in AC:Studio Innovation Showcase, happening on March 2, 2023, where we have an in-person Chimoney booth and the opportunity to network with liked-mined people. 

## **Why AC:Studio?**
[The Accelerator Center Venture Studio Program (AC:Studio)](https://www.acceleratorcentre.com/resources/news/accelerator-centre-announces-100-high-impact-canadian-startups-selected-to?utm_medium=email&_hsmi=227333674&_hsenc=p2ANqtz-8xqwQQsLbE05acfPlPa5STdxxdKeDdm2HcOJZQsBIKYwCYy-yDrW4VGRTyIsP0uzBcfDh5qDrUwSHjnGaIf3SroZ-a-Q&utm_content=227333674&utm_source=hs_email) is owned by the Accelerator Centre, ranked Canada’s #1 private business accelerator and is among the top five such organizations globally. The AC offers an extensive selection of customizable opportunities for startups across Canada—allowing founders to bring their innovation to life rapidly. 

The AC:Studio program was [launched in June 2022, with a $10 million Government of Canada investment through the Federal Economic Development Agency for Southern Ontario (FedDev Ontario)](https://www.acceleratorcentre.com/resources/news/the-accelerator-centre-launches-hybrid-venture-studio-program). Through AC:Studio, the Accelerator Centre will work with 100 early-stage companies across southern Ontario to provide up to $100,000 in critical seed funding, mentorship, and tactical support delivered through its ecosystem partnerships.

## **Chimoney’s experience at the AC:Studio Venture Program**
Joining AC:Studio has been a game changer for our startup. The program offers access to resources, mentorship, and a community of like-minded entrepreneurs and has given us the tools and knowledge necessary to turn our idea into a viable product. Through the program, we got feedback on our strategies from experienced professionals, who helped us fine-tune our idea and develop a clear strategy for bringing it to the market.

During the program, ChiHeroes (Chimoney’s employees) were driven to ask questions, be better, and be the best at their jobs. The program is designed to provide support in all areas, including business strategy, market research, branding, fundraising, product development, finance, operations, sales, and human resources management. Our team found the mentorship particularly valuable, as it gave us access to people globally with a wealth of experience in the industry. Their guidance and feedback helped us avoid mistakes and make the right decisions for our startup.

[![Chimoney experience joining AC Studio 2023](/uploads/Chimoney_experience_joining_AC_Studio_2023_5c7bec769d.png)](https://twitter.com/uchiuchibeke/status/1625147791113609216)

“The AC:Studio program has been an accelerant of Chimoney’s mission: the program enabled us to connect and scale our connections and impact within Canada,” **said Uchi Uchibeke, founder and CEO of Chimoney**. “We have been able to meet some amazing companies, investors and partners and we’ve refined our storytelling and sales and marketing plan to achieve our revenue and client experience goals.”

"The AC Accelerator Program provided me with mentorship in both sales and operations, especially when I shifted my focus from Business Development to operations and HR. The mentors at the Accelerator Program offered guidance and support in making a smooth transition into this new area. The mentors also gave me access to resources needed to effectively grow Chimoney's business and increase our global team," **said Hammed Babatunde, Chimoney's Operations and HR Manager.**

We at Chimoney encourage other startups to consider joining the Venture program and take advantage of its incredible resources.

## **Upcoming excitements: AC:Studio Innovation Showcase**
The AC:Studio Innovation Showcase 2023 is a ground-breaking, in-person event that celebrates the success of the incredible startups that have been a part of The Accelerator Center Studio Program. It’s an opportunity to showcase the local Canadian startups and innovations that have come out of the program and to connect with potential investors, customers, and partners.  

We at Chimoney don’t hesitate to participate in this event, and we’ll host a booth at the AC:Studio Innovation Showcase on Thursday, March 2nd, 2023. We couldn’t be more excited since the event is hosted right here in our home province: Ontario. 

[**Event agenda**](https://landing.acceleratorcentre.com/ac-studio-innovation-showcase)
- Where: evolv1 - 420 Wes Graham Way, Waterloo, Ontario
- When: March 2, 2023 
- Time: 1:00 p.m. to 4 p.m.

The AC:Studio Showcase is a free community event. All are welcome. Feel free to drop in and stay for a short time or network for as long as possible. We’re excited to be a part of this event and to share our ideas with others passionate about innovation and entrepreneurship.

## **Scale your business with the accelerator program.**
In conclusion,  joining The Accelerator Center Venture Studio Program has been a game-changer for our startup. It has given us the resources and guidance to develop our business and take it to market more confidently. 

We’re also thrilled to be a part of the AC:Studio Innovation Showcase and can’t wait to connect with others who share our passion for innovation and entrepreneurship. 

**Spoiler alert:** [Uchi Uchibeke](https://twitter.com/uchiuchibeke) will be presenting about Chimoney at the event. Expect to grab our do-not-miss event swag, get personalized product demos, play-to-win games, and gain Chimoney experience at our booth. More details would be announced on our [Twitter (@chimoney_io)](https://twitter.com/chimoney_io).


Reflections on the experience and excitement of being part of the accelerator program, including the upcoming AC:Studio Innovation Showcase on March 2.


Chimoney at the Accelerator Center Studio Program (AC:Studio): Reflections and Excitement – Till Date

Chimoney is your gateway to efficient cross-border payments, multi-currency wallets, and global payouts. Experience secure, real-time transactions across 130+ countries with our scalable API solutions.

ChiHeroes' Journey

Chimoney Acquires Scrim App

Chimoney at the Accelerator Center Studio Program (AC:Studio): Reflections and Excitement – Till Date