About AjoCard
AjoCard is a company based in Lagos (Nigeria) founded in 2018.. AjoCard offers products and services including Micro-Savings, Micro-Loans, YondaCare Insurance, and Ajo Wallet. AjoCard operates in a competitive market with competitors including Eyowo, 9PSB, CIT VERiCASH, OsB and Freedom Network, among others.
- Headquarter Lagos, Nigeria
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Sectors
Financial Services
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Email
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Phone
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Website
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Social
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- Legal Name Ajocard Limited
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
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Investors
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Employee Count
Employee Count
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Products & Services of AjoCard
AjoCard offers a comprehensive portfolio of products and services, including Micro-Savings, Micro-Loans, YondaCare Insurance, and Ajo Wallet. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Enables daily savings collections for open-market retailers.
Offers instant 30-day loans up to 100K for business growth.
Provides affordable health insurance across 750 hospitals in Nigeria.
Allows secure saving and instant bill payments for users.
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Funding Insights of AjoCard
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investments & Acquisitions by AjoCard
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - AjoCard
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Ajocard Comparisons
Competitors of AjoCard
AjoCard operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Eyowo, 9PSB, CIT VERiCASH, OsB and Freedom Network, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Provides digital banking for payments, transfers, savings, and money management.
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| domain | founded_year | HQ Location |
An agent-based platform delivering banking solutions.
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| domain | founded_year | HQ Location |
Mobile payment software is provided to financial institutions and operators.
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| domain | founded_year | HQ Location |
Correspondent banking solutions through agent networks
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| domain | founded_year | HQ Location |
Provides convenient banking services for unbanked, underbanked, and banked users.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about AjoCard
When was AjoCard founded?
AjoCard was founded in 2018.
Where is AjoCard located?
AjoCard is headquartered in Lagos, Nigeria. It is registered at Lagos, Lagos State, Nigeria.
What does AjoCard do?
AjoCard was founded in 2018 in Lagos, Nigeria, within the fintech sector. mPOS hardware and software solutions are supplied to consumers and agents. Consumers are enabled to withdraw cash from debit cards in areas lacking ATMs. Agents are equipped to utilize their available cash alongside mPOS devices, functioning as distributed virtual ATMs to facilitate transactions.
Who are the top competitors of AjoCard?
AjoCard's top competitors include CIT VERiCASH, OsB and Eyowo.
What products or services does AjoCard offer?
AjoCard offers Micro-Savings, Micro-Loans, YondaCare Insurance, and Ajo Wallet.
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