The roadmap sequences the plan across six parallel workstreams — foundation, product & technology, go-to-market, lending, regional expansion and governance — over a 24-month critical path, with the regional build extending beyond. The Gantt chart below sets out the milestones, durations and dependencies; the narrative that follows explains the critical-path logic.

Critical-path logic and dependencies

• Financial close (Month 2) unlocks all subsequent spend and is the gating dependency for the entire plan.
• Licensing and PCI-DSS (Months 0–6) run in parallel with the core platform build and gate commercial launch — the plan’s most common slippage risk.
• SA commercial launch (Month 6) depends on both platform v1 and first hardware shipment, and begins the revenue and data flywheel.
• Warehouse facility close (Month 12) is a hard dependency for scaling Velora Capital; the AI underwriting model goes live shortly after.
• EBITDA breakeven (~Month 15) and the 100,000-merchant milestone (~Month 16) mark the transition from proof to scale.
• Regional entry (Months 15–28) proceeds market-by-market, each gated by its own licensing and a local distribution partner.

Milestone summary

Regulatory & licensing pathway by market

Each target market carries its own licensing sequence for payment acceptance and, separately, for credit provision. The plan sequences entry to reflect both licensing complexity and currency/settlement ease — rand-linked Common Monetary Area markets first.