we leverage the high growth of mobile devices and online presence of millennials and generation Z to provide banking services that replace retail stores as physical branches. it's your bank on your
Imagine that Africa is home to over seven hundred million adults under 25years of age with five hundred million active phone line on a 50% penetration rate yet three hundred and fifty million adults do not have a bank account. Not just that by in the next three years, Africa will have almost have a billion millennials who will become 18years .
At OjirehPrime we're leveraging the high growth of mobile device and online presence of millennials and generation Z to provide digital banking services leveraging on retail stores to replace physical branches. it's your bank on your phone
43,000 user base, incorporated in Nigeria and Texas (USA), Banking license licence in viewJanuary, 2020
Our History Started as an online food store called www.ojireh.com in 2016 with no office, computer, funding or logistics except a faulty samsung tab whose battery last only 30mins no matter how long you charge it. The Problem By 2017 we noticed 96% of payments were made via bank transfer so we sent a mail to enquire why and the clients told us for fear of falling victim to card frauds they were not willing to use their bank cards to shop online then suddenly we realised this was the major reason behind the slow growth of online business in Africa. We further discovered that Africa is home to over 700,000,000 adults aged below 25 years with about 500,000,000 active phone lines yet over 350,000,000 adults to not have a bank account. The Solution Our first action was to leveraged upon the use of prepaid cards to provide alternative banking services to the unbanked, become the first banking exposure a generation z child would have and provide a more secure means to support online transactions without exposing
its a start up an prone to the normal risk as common with all businesses