About OurPass
OurPass is a company based in Abuja (Nigeria) founded in 2020 by Gbeminiyi Laolu Adewale, Samuel Chukwunonso Eze, and Rogers Mugisa.. OurPass has raised $1 million across 1 funding round from investors including Tekedia. OurPass has completed 1 acquisition, including Storemia. OurPass offers products and services including Savings Account, Debit Cards, Payments Service, POS Terminals, and Inventory Financing. OurPass operates in a competitive market with competitors including Bolt, Rallyon, Shopflo, Nimbbl and DEUNA, among others.
- Headquarter Abuja, Nigeria
- Founders Gbeminiyi Laolu Adewale, Samuel Chukwunonso Eze, Rogers Mugisa
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Sectors
Retail
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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 Ourpass Mfb Limited
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Products & Services of OurPass
OurPass offers a comprehensive portfolio of products and services, including Savings Account, Debit Cards, Payments Service, POS Terminals, and Inventory Financing. 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.
Flexible high-yield savings for growing funds
Secure cards for seamless transactions and spending
Tools for sending, receiving, and tracking payments
Devices for in-store payment acceptance and tracking
Funding options for restocking and business scaling
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Funding Insights of OurPass
OurPass has successfully raised a total of $1M through 1 strategic funding round. The most recent funding activity was a Seed round of $1 million completed in September 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Seed — $1.0M
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First Round
First Round
(10 Sep 2021)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Sep, 2021 | Amount | Seed - OurPass | Valuation | Tekedia |
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| 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 |
Investors in OurPass
OurPass has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Tekedia. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Provides online business courses, investment opportunities, and personalized consultations globally.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by OurPass
OurPass has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Storemia. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Online stores are created via the Storemia platform.
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2020 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - OurPass
| 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 |
Ourpass Comparisons
Competitors of OurPass
OurPass 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 Bolt, Rallyon, Shopflo, Nimbbl and DEUNA, 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 |
Single-click checkout solutions are offered for e-commerce platforms.
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| domain | founded_year | HQ Location |
Provider of checkout solutions for e-commerce businesses
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| domain | founded_year | HQ Location |
Provider of checkout suite solutions for e-tailers
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| domain | founded_year | HQ Location |
One-click checkout and payment solutions for online businesses are provided.
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| domain | founded_year | HQ Location |
SaaS-based checkout solutions are provided for e-commerce businesses.
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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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Latest news on Ourpass
Frequently Asked Questions about OurPass
When was OurPass founded?
OurPass was founded in 2020 and raised its 1st funding round 1 year after it was founded.
Where is OurPass located?
OurPass is headquartered in Abuja, Nigeria. It is registered at Abuja, Federal Capital Territory, Nigeria.
Who is the current CEO of OurPass?
Samuel Chukwunonso Eze is the current CEO of OurPass. They have also founded this company.
Is OurPass a funded company?
OurPass is a funded company, having raised a total of $1M across 1 funding round to date. The company's 1st funding round was a Seed of $1M, raised on Sep 10, 2021.
What does OurPass do?
OurPass was founded in 2020 and is headquartered in Abuja, Nigeria. Operations focus on the digital commerce sector, where mobile applications for Android and iOS platforms are developed. These apps facilitate one-click purchasing to minimize cart abandonment and boost merchant sales. All online orders and transactions are tracked centrally through the platform, supporting streamlined consumer experiences across e-commerce environments.
What products or services does OurPass offer?
OurPass offers Savings Account, Debit Cards, Payments Service, POS Terminals, and Inventory Financing.
How many acquisitions has OurPass made?
OurPass has made 1 acquisition, including Storemia.
Who are OurPass's investors?
OurPass has 1 investor. Key investors include Tekedia.
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