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ARTSPLIT Partners Chude & Ego Foundation To Empower Women And Young School Girls 
Abiola Bonuola
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In commemoration of the International Women’s Day, ARTSPLIT, a leading investment technology Company partnered with Chude & Ego Foundation, a non-profit organization to further empower women and young school girls in Nigeria. 

Hosted by both organizations, exceptional women including Okunwa Okpala, Managing Director, Cellar Central Limited; Olaere Donmu, Chief Financial Officer, ARTSPLIT Limited and Juliana Adeseye, Chude and Ego Foundation Coordinator visited the Gbaje Girls Senior High School and had the opportunity to inspire and motivate the students of the High School, teachers and women alike to celebrate women’s achievements and thrive in their respective fields.  

The guests shared their personal experiences and journeys in business and career and encouraged women to pursue education and entrepreneurship as it will create a more inclusive future. 

ARTSPLIT contributes to the success stories of these Nigerian women by helping them seek opportunities within their environment that will position them better in their future careers.

ARTSPLIT also hosted an insightful Twitter Spaces discussing more representation and parity for women in technology in line with this year’s IWD theme; DigitALL: Innovation and technology for gender equality. 

About ARTSPLIT

ARTSPLIT is an innovative platform which gives its users the opportunity to co-own fractions of rare and valuable artworks and music. In return, these users can sell these fractions (Splits) and earn from it.

To find out more about ARTSPLIT, please contact info@artsplit.com or visit www.artsplit.com.

ARTSPLIT team are available to call or Whatsapp at +234(0)9088962169.

You can also call or WhatsApp our mobile at +234(0)9088962169 and follow @artsplitofficial on Twitter, Instagram, and Facebook.ARTSPLIT can be downloaded on App Store and Google Play Store.

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2560 1634 Abiola Bonuola

ARTSPLIT’s Maiden MusicSplit Auction Ends With The Successful Debut Of King Perryy’s Continental Playlist
Abiola Bonuola
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ARTSPLIT, the ground-breaking alternative investment platform, has concluded its first-ever MusicSplit auction with the successful launch of “Continental Playlist” by King Perryy. This album has become the hottest investment property in music, increasing in value at the end of the auction. 

Investors in MusicSplit got to experience the Extended Play first hand at the star-studded King Perryy’s Listening Party hosted by ARTSPLIT and attended by fans, music industry enthusiasts and African music producers at the Rooftop of Boardroom Apartments on Friday, 10 February, 2023.

The highly anticipated premiere of “Continental Playlist” celebrated the artist’s success and great music. Investors were encouraged to continue streaming the Continental Playlist and share it with their network to maximise their earnings. The more the EP is streamed, the more the investors earn from their investments, making MusicSplit a high-yielding asset for music lovers.

Continental Playlist by King Perryy is the first project to benefit from ARTSPLIT’s MusicSplit collaboration with music service companies M.A.D Solutions and ENGAGE. The EP features guest appearances from top artists such as 1da Banton, Tekno, Victony, and Ria Sean and is a compilation of 7 mellifluous tracks. King Perryy shares postcards from a world that is difficult to face and even more difficult to ignore, song by song. And those same ideas animate his verses, but he also takes time to revel in the immense joy of his meteoric rise.

MusicSplit allows fans to invest in the success of their favourite musicians by taking the estimated value of a music project (Eps, LPs, and Albums) and dividing it into 100,000 units (or Splits) to allow these fans and music lovers to finance it and profit from their investments. 

Fans who have missed the opportunity to invest and buy splits on the primary market can do so on the Secondary Market or sell the ones they own for a profit on the ARTSPLIT app. 

Join the new music economy on ARTSPLIT and remain updated on the latest offerings by clicking HERE. 

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Don Jazzy Promotes ARTSPLIT’s MusicSplit
Abiola Bonuola
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Superstar Producer and Media Personality, Don Jazzy is promoting the latest innovative offering to hit the music market, MusicSplit. In a recent video on his Instagram page, he urged his followers to take advantage of this unique opportunity as soon as possible. 

Recall that ARTSPLIT, the high-end alternative investment platform recently launched MusicSplit and its maiden online auction features Continental Playlist of top Nigerian Music Star, King Perryy on the app which ends on the 10th of February, 2023.

“With MusicSplit, you can be like me! Don’t just enjoy great music; make money from it. You can start investing in your favourite songs and earn monthly royalties on ARTSPLIT,” Don Jazzy explained.

MusicSplit is a game-changer for music lovers and investors alike. It involves taking the estimated value of a music project (Eps, LPs, and Albums) and dividing it into 100,000 units (or Splits) to allow users and music lovers to finance it and profit from their investments. By presenting MUSICSPLIT, ARTSPLIT intends to further elevate African music worldwide while ensuring artistes freedom with alternative investment options.

Onyinye Anyaegbu, Executive Director for Technology and Communications at ARTSPLIT, said, “Our goal has always been to democratize access to investment in African art and artists, and with MusicSplit, we’re making that a reality. We’re thrilled to offer this alternative investment option globally.”

MusicSplit is gradually gaining the attention of music lovers, investors, and industry executives. With MusicSplit, users can own a fraction of any top Afrobeat music project and receive monthly royalty payments straight to their ARTSPLIT wallet

Users can download ARTSPLIT app now and bid in the maiden MusicSplit auction of King Perryy’s upcoming EP now. For more information, visit www.artsplit.com/MusicSplit or contact info@artsplit.com. The time to earn from music is now! 

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ARTSPLIT Introduces MUSICSPLIT, Announces Auction of Upcoming EP by Top Nigerian Music Artiste, King Perryy.
Abiola Bonuola
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ARTSPLIT, the pioneering alternative investment platform has launched MusicSplit, its latest offering that allows for investment in music projects. Its maiden online auction features Continental Playlist of top Nigerian Music Star, King Perry and kicks off the app from 24 January to 10 February 2023.

MusicSplit allows music lovers own fractions of any trending Afrobeat music and earn monthly royalties to their ARTSPLIT wallet. Users on ARTSPLIT now have access to previously unavailable royalty assets when you buy splits and invest in your favorite Artistes’ upcoming projects. It’s a win for all; your Fav gets the required funding to create great music for your enjoyment and you earn passive income and high-yielding returns from the projects streaming revenues.

In a statement, ARTSPLIT’s executive director for technology and communications, Onyinye Anyaegbu, said. “Our goal has always been to provide a platform that democratises access to investment in African art and artistes through co-ownership and technology while elevating their global standing. Too often, ideas are not appropriately valued, such as music. With MusicSplit, creators can offer a percentage of their upcoming projects for users to invest in and directly fund it. Users on the ARTSPLIT app benefit from access to a high-yielding asset class while artists benefit from debt-free funding while maintaining artistic freedom. As a result, we have moved closer to our goal of providing alternative investments opportunities for everyone.”

King Perryy stands out as one of the country’s most distinctive and ambitious young acts. The creator of what he calls the “Continental Sound,” the former seminary student and would-be Catholic priest fuses the melodies and rhythms of today’s Afrobeats with pan-African influences and reggae/dancehall to create deeply resonant songs that transcend cultures and borders. With a run of successful singles (“Man on Duty,” “Work ‘N’ Grind”) to his credit and over 70 million streams on digital platforms, he released his debut album, Citizen of the World, in 2021.

This Auction comes shortly after a tripartite agreement between ARTSPLIT and music service companies M.A.D Solutions and ENGAGE to enable fans invest in the success of their favourite musicians.

MUSICSPLIT involves taking the estimated value of a music project (Eps, LPs, and Albums) and dividing it into 100,000 units (or Splits) to allow users and music lovers to finance it and profit from their investments. By presenting MUSICSPLIT, ARTSPLIT intends to further elevate African music worldwide while ensuring artistes freedom with alternative investment options.

To find out more about MusicSplit on ARTSPLIT, please visit www.artsplit.com/MusicSplit or contact info@artsplit.com

You can also reach the ARTSPLIT team on call or WhatsApp at +234(0)9088962169 or follow @artsplitofficial on Twitter, Instagram, and Facebook to keep up to date. Also follow King Perry @kingperry on Twitter, Instagram, and Facebook.

The ARTSPLIT app can be downloaded on App Store and Google Play Store. Start investing today in Afrobeat for great returns.

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ARTSPLIT Concludes December Monthly Auction featuring Ablade Glover, Kofi Agorsor and Isshaq Ismail Auction with an Artists Talk and Exclusive VIP Dinner.
Abiola Bonuola
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ARTSPLIT, a leading African art technology platform has concluded its contemporary split and lease auction of works by some of Ghana’s finest artists; Ablade Glover, Kofi Agorsor and Isshaq Ismail with a silent party, Artists Talks and VIP Dinner attended by top business leaders, art enthusiasts and lifestyle influencers held last Friday at the Mix Design Hub and Restaurant in Accra.  

Ablade Glover is one of Ghana’s most influential artists known for his ability to capture the joyous everyday life of Ghana, its people, its culture, and environment. He depicts animated landscapes that mirror the exuberant diversity of Africa: its bustling market stalls, brightly attired crowds and women, and the dynamic energy that is Ghana, using warm impastoed pigments to express the dynamism, energy, and heat of his country. His work reflects his deep love of life, activity, and colour. Mostly, his canvases are a love affair with Africa, generously splattered on canvas, evoking the continent’s struggle, tension, beauty, and verve.

Kofi Agorsor’s buoyant, semi-abstract and witty depictions of his subjects have received widespread international acclaim. The vibrant, bold colours used in his paintings depict the daily lives of modern Ghanaians, of spontaneity and order. His paintings are frequently embellished with splashes, drips, and flows of paint that intertwine to form magnificent forests or labyrinths, reflecting the interplay of music, dance movements, and geometry. He frequently employs pulsing colours to create an interpretation of the essence of contemporary Ghanaians; lived experiences set against the backdrop of entertainment.

Isshaq Ismail, another top Ghanaian artist uses black, brown, green, red, ochre, purple, and blue to investigate and explore grotesque figures and textures. Ismail describes his process in sculptural terms, describing how he manipulates paint with thick, gestural brushstrokes in the same way a sculptor shapes clay. Through these striking and evocative works, he hopes to subvert and interrogate conventional notions of beauty. Representing the masses and advocating for the voiceless; his paintings explore themes of desire, resilience, power, and hope.

The ARTSPLIT auction was held from 2 to 17 December featuring Confrontation by Ablade Glover, The Orange Dance by Kofi Agorsor and Abrantie by Isshaq Ismail. Over hundreds of Ghanaian art lovers and collectors graced the opening of the public viewing, Silent Party and Artists Talks during the weeklong affair.

The winning bidders now have physical access to the works for the next 24 months, and the lease value of the works were $890 for Confrontation (2022), $1000 for The Orange Dance (2019) and $510 for Abrantie (2021).

ARTSPLIT is an art technology company driven by one common goal; enhancing the investment status of African art by allowing users to co-own rare and valuable artworks on a platform that guarantees price discovery and market liquidity.

To find out more about ARTSPLIT, please contact info@artsplit.com or visit www.artsplit.com.

ARTSPLIT team are available to call or WhatsApp at +234(0)9088962169.

You can also call or WhatsApp our mobile at +234(0)9088962169 and follow @artsplitofficial on Twitter, Instagram, and Facebook. ARTSPLIT can be downloaded on App Store and Google Play Store.

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2560 1707 Abiola Bonuola

How The ARTSPLIT App Is Pushing Fractional Art Ownership To A New Generation Of Investors
Abiola Bonuola
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African Art has always been a tool for economic development. In recent years, there has been a rise in the demand for works from countries like Ghana, Nigeria and South Africa. According to Statista, Africa contributed a sum of 13 Billion United States Dollars in 2018 to the global art market and this contribution is predicted to rise to US$15 billion by 2023. 

Accra’s commercial galleries sell out of artworks by both contemporary and modern artists, and globally renowned art collectors and auction houses continue to bid aggressively for these African works.

Some of these works by Ablade Glover, Kofi Agorsor, and Isshaq Ismail have had significant international market impact, which is one of the reasons why industry stakeholders, particularly in Ghana, continue to advocate for more citizens to be interested in and invest in these works.

The Ghanaian local scene is slowly picking up pace in the acquisition and collection of its works; however, opportunities remain abound for more strategies and innovation to drive this new reality.

Classic paintings and sculptures are now very affordable and accessible, but only a few have taken advantage of the opportunity to appreciate and acquire these works. This is why a technological tool designed specifically for Africans by Africans was required.

ARTSPLIT is an art technology company that allows Ghanaians to own fractions of prominent African artworks, also known as “Splits,” and keep or sell them on its app at the end of a Split Auction.” The Splits allow multiple people to co-own a single iconic piece of art, which no other art platform currently does.

These Splits can go for as low as US$0.028 and then they can either keep or sell them in the secondary market to other users for profit.

Following the Split Auction, Ghanaians can also participate in a ‘Lease Auction’ on the app to win physical custody of these co-owned artworks for a set period. And this cycle is repeated on the app as far as multiple individuals own splits of that artwork. That way Ghanaians get to own as well as earn from the ownership of these pieces.

For the artists, this is a digital innovation that has the potential to improve how their works are collected, appreciated, promoted, and purchased. This also implies that they will be able to sell their works faster than through any other method.

Right now, ARTSPLIT GHANA is holding a December auction of works from our people’s finest artists; Ablade Glover, Kofi Agorsor and Isshaq Ismail up till 17 December, 2022. Art lovers and new art investors can use the ARTSPLIT app to have a share of these pieces. ARTSPLIT can be downloaded on App Store and Google Play Store.

Ghanaians can today meet and talk to some of these artists at The Mix Design Hub and Restaurant, Osu, Accra, Ghana while attending the physical viewing of these works ending on 16 December, 2022.

This December auction follows the successful November auction of works by the continent’s most celebrated artists, Yusuf Grillo and George Pemba as well as the inaugural MOCONA auction which grew the value of the artworks by an average of 14%, making a total of US$57,000 held in July 2022.

ARTSPLIT’s mission is to position African art & artists as the preferred alternative investment choice by democratising access to iconic African art alongside developing the African art ecosystem through technology and co-ownership.

Due to this innovation, there is now a huge movement in the Ghanaian art industry and if our people do not capitalise on these possibilities, it will be too late.

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ARTSPLIT Hosts VIP Dinner To Close Grillo And Pemba Auction
Abiola Bonuola
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ARTSPLIT, the pioneering African art technology platform, has closed its contemporary masters split and lease auction featuring the iconic works of Yusuf Grillo and George Pemba  with a VIP Dinner to honour the two artists in Lagos. 

George Pemba is a well-known South African artist known for his bold use of colour, with many of his paintings inspired by his moments in the hospital, where he spent much of his time drawing his surroundings, fellow patients, and doctors. Pemba is regarded as a forefather of African social realism, and in 2004 he was posthumously awarded the Order of Ikhamanga for his contributions to art and literature.

Yusuf Grillo is a well-known Nigerian artist and the founding president of the Society of Nigerian Artists. Grillo is regarded as one of Nigeria’s most distinguished academically trained painters; he rose to prominence and international acclaim in the 1960s and 1970s, exhibiting an extensive collection of his early works. Many of his paintings incorporate elements of his western art training, combining western art techniques with traditional Yoruba sculpture characteristics. His use of blue in natural settings paintings is sometimes reminiscent of adire or resist-dye textiles used in Nigeria.

Dignitaries and top personalities in the African art scene at the VIP Dinner included Ugoma Ebilah, Founding Director and chief curator at BLOOM Art; Owen Omogiafo, President and Group CEO of Transnational Corporation of Nigeria Plc (Transcorp);  Atul Chaudhary, Managing Director, Landcraft industries Ltd; Temitayo Ogunbiyi, Nigerian-based contemporary artist and curator; and Oyindamola Fakeye, Creative Director of Centre for Contemporary Art, Lagos (CCA Lagos).

The ARTSPLIT auction was held from November 4 to 30 featuring two iconic works; Eyo (1993) by Nigerian artist, Yusuf Grillo and Between Life and Death (1976) by South African artist, George Pemba.

The winning bidders now have physical access to the works for 24 months, and the lease value of the works are $2000 for Eyo (1993) and $1000 for Between Life and Death (1976).

L-R: Ugoma Ebilah, Founding Director and chief curator at BLOOM Art; Owen Omogiafo, President and Group CEO of Transnational Corporation of Nigeria Plc (Transcorp); Atul Chaudhary, Managing director, Landcraft industries Ltd; Temitayo Ogunbiyi, Nigerian-based contemporary artist and curator; and Oyindamola Fakeye, Creative Director of Centre for Contemporary Art, Lagos (CCA Lagos). 

About ARTSPLIT

ARTSPLIT is an art technology company driven by one common goal; enhancing the investment status of African art by allowing users to co-own rare and valuable artworks on a platform that guarantees price discovery and market liquidity.

Its mission is to position African art & artists as the preferred alternative investment choice by democratising access to iconic African art alongside developing the African art ecosystem through technology and co-ownership. They believe that, in this way, they can make wealth accessible through alternative investments.

The platform (ARTSPLIT mobile app) allows its users to own fractions, also known as “Splits,” of prominent African artworks on the app and in the “Split Auction”, where they can either keep or sell in its secondary market to other users for profit. These “Splits” (fractions) enable multiple individuals to co-own a single iconic piece of art on the platform. Following the Split Auction, users on the app can also bid to win physical custody of these co-owned artworks for a set period via the “Lease Auction.” And this cycle is repeated on the app as far as multiple individuals own splits of that artwork.

To find out more about ARTSPLIT, please contact info@artsplit.com or visit www.artsplit.com.

ARTSPLIT team are available to call or Whatsapp at +234(0)9088962169.

You can also call or WhatsApp our mobile at +234(0)9088962169 and follow @artsplitofficial on Twitter, Instagram, and Facebook.

ARTSPLIT can be downloaded on App Store and Google Play Store.

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ARTSPLIT To Hold Auction Of Two Classic Works By Yusuf Grillo And George Pemba For November
Abiola Bonuola
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ARTSPLIT, the pioneering African art trading platform, has announced a new contemporary masters auction from November 4 to 26, featuring two iconic works by Nigerian artist Yusuf Grillo and South African artist George Pemba. Between Life and Death (1976) by George Pemba and Eyo (1993) by Yusuf Grillo are available for Split and Lease auction.

Yusuf Grillo, Eyo (1993)

George Pemba is a well-known South African artist known for his bold use of colour, with many of his paintings inspired by his time in the hospital, where he spent much of his time drawing his surroundings, fellow patients, and doctors. Pemba is regarded as a forefather of African social realism, and in 2004 he was posthumously awarded the Order of Ikhamanga for his contributions to art and literature.

Yusuf Grillo is a well-known Nigerian artist and the founding president of the Society of Nigerian Artists. Grillo is regarded as one of Nigeria’s most distinguished academically trained painters; he rose to prominence and international acclaim in the 1960s and 1970s, exhibiting a large collection of his early works. Many of his paintings incorporate elements of his western art training, combining western art techniques with traditional Yoruba sculpture characteristics. His use of blue in natural settings paintings is sometimes reminiscent of adire or resist-dye textiles used in Nigeria.

The auction will coincide with Africa’s premier contemporary art fair, ART X Lagos, where ARTSPLIT will also be hosting a satellite event Art As an Alternative Investment, a seminar series produced in collaboration with Omenka magazine featuring some of the most notable voices in art and business, including Giles Peppiatt, Director of Modern & Contemporary African Art at Bonhams; Ruarc Peffers, Founding Director of Aspire Art Auctions; and Oba Nsugbe, Pump Court Chambers’ Head of Chambers and others, with each panel moderated by Oliver Enwonwu, Editor-in-Chief of Omenka magazine.

The ARTSPLIT app allows users to own fractions of prominent African artworks, also known as “Splits,” and keep or sell them on the app at the end of the Split Auction.” The Splits allow multiple people to co-own a single iconic piece of art, which no other art platform currently does. Users can also participate in a ‘Lease Auction’ on the app to win physical custody of these co-owned artworks for a set period.

This November auction follows the huge success of MOCONA, a Modern and Contemporary African Arts Auction held in July and attended by key figures in the Lagos art scene and exhibiting artists Edosa Ogiugo, El-Dragg Okwoju, and Abiodun Olaku. The MOCONA auction, titled Ode to Mastery, featured five prominent Nigerian artists who are key drivers of the continent’s contemporary art scene: Abiodun Olaku, Duke Asidere, Edosa Ogiugo, El-Dragg Okwoju, and Oliver Enwonwu.

About ARTSPLIT:

ARTSPLIT is an art trading company driven by the shared goal of enhancing the investment status of African art by allowing users to co-own rare and valuable artworks on a platform that guarantees price discovery and market liquidity.

Our mission is to position African art & artists as the preferred alternative investment choice by democratising access to iconic African art alongside developing the African art ecosystem through technology and co-ownership. We believe that in this way, we can make wealth accessible through alternative investments.

The platform (ARTSPLIT mobile app) allows its users to own fractions, also known as “Splits,” of prominent African artworks on the app and in the “Split Auction” where they can either keep or sell in its secondary market to other users for profit. These “Splits” (fractions) enable multiple individuals to co-own a single iconic piece of art on the platform. Following the Split Auction, users on the app can also bid to win physical custody of these co-owned artwork for a set period via the “Lease Auction.” And this cycle is repeated on the app as far as multiple individuals own splits of that artwork.

To find out more about ARTSPLIT, please contact info@artsplit.com or visit www.artsplit.com

ARTSPLIT team are available to call or Whatsapp at +234(0)9088962169.

You can also call or WhatsApp our mobile at +234(0)9088962169 and follow @artsplitofficial on Twitter, Instagram, and Facebook.

ARTSPLIT can be downloaded on App Store and Google Play Store.

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748 596 Abiola Bonuola

What OneHealth, Other Nigerian Startups Do Differently To Access Funding in Africa
Abiola Bonuola
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When Google announced that it had chosen 60 startups for its Black Founders Fund in Africa, many Founders from different countries hurried to check out the successful businesses. Nigeria topped the list with 23 tech startups clinching a third of the total startups funded. 

In September 2022, six of the 30 startups from 14 different African countries selected by the Bill & Melinda Gates Foundation for the Investing In Innovation initiative were Nigerian startups. They were OneHealth, Lifebank and many others. 

In the same month, Disrupt Africa shared a report that revealed that Nigeria has led tech startup funding on the African continent over the last eight years. Naturally, many other African Founders have wondered what Nigerian startups including OneHealth, an online Pharmacy and healthcare platform, do differently that make them stand out when applying for such opportunities. Let’s take a look at what makes them such fundable startups. 

Solve A Major Problem

A common fact is that each funded Nigerian startup solves a major African problem. For example, OneHealth provides solutions to Africa’s lack of access to essential medications that prevent or treat illnesses in a timely manner. 

An article from the United Nations highlighted that at least 1.6 million Africans died of malaria, tuberculosis and HIV-related illnesses in 2015. These deaths could have been prevented with access to affordable and quality medications.

For OneHealth, access to medications is a basic human right and this is why the startup leverages technology for last-mile delivery of medicines, and aggregates partners with different health service providers to offer relevant health solutions to many people. So far, the startup has helped at least 8000 people gain access to pharmacare from a network of over 1000 partners across the 36 states of Nigeria. 

Founded by Adeola Alli, a graduate of the school of Pharmacy at the University of Manchester with an MBA from I.E Madrid, and licensed in Nigeria, the United Kingdom, and the United States of America, OneHealth has proven that it can directly save the lives of people living in Africa by providing access to medicines and healthcare solutions for individuals and healthcare providers.

Join A Community Of Tech Leaders

Nigerian Founders also have a good community of partners, friends, colleagues, classmates, even family who in one way or the other invest in the country’s tech ecosystem. These Nigerian Founders build communities that help each other succeed and they get to share the best opportunities possible, grow their networks and drive their startups effortlessly. 

Based on Funmilayo Labulo’s discourse on communities for Startup Founders, she highlighted that communities are easier because they are immediate sources of information and support. 

For OneHealth’s Founder, Adeola Alli, “Community is everything, not just for the obvious reasons like business partnerships, but really as a support group. Who can better understand the trials and triumphs that come with running a startup?”. 

Healthtracka’s CEO & Co-founder, Ifeoluwa Dare-Johnson once said that, “The tech ecosystem is not as that clicker but finding your tribe, people that support you would make life easier in the tech space”.

Have A Scalable Startup

Many Nigerian startups are quite scalable. Zuckerberg visited Yaba, an area in Lagos known as Nigeria’s Silicon Valley in 2016 because he truly believed he could learn a lot from the startup ecosystem in the country. And he did. 

Zuckerberg singled out startups like Lifebank, a healthcare technology and logistics company for their ability to locate available blood supplies and deliver them to hospitals. 

Lifebank continues to scale because they have a track record and expansion trajectory. Many Doctors and patients will continue to need blood in hospitals and this automatically created a demand for Lifebank’s services. 

The same applies to OneHealth. The startup has a demand for medicines in hospitals, homes, schools, organizations, etc and Adeola Alli understands that scaling a startup requires grit, creativity, collaborations, learning and relearning especially when challenges arise. This is how every African Founder should think. 

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Errandpay Takes On African FinTechs, MFBs And MFIs With Agency Banking And PoS Terminals
Abiola Bonuola
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In 2018, Errandpay Chief Technology Officer; Paul Dureke and his Co-Founders went on an adventure to Sub-Saharan Africa. Typical of tourists, they visited a country without enough United States Dollars and had to seek diverse options to convert any available cash they had to the local currency available.

Unfortunately for these Founders, they quickly found out that their international Commercial Debit Cards and other payment options were useless. They began to think of how many other people experienced the same problem and slowly, the idea to build a fintech like Errandpay began.

Today, Errandpay offers agency banking applications and affordable point of sales (PoS) terminals to Fintechs, Microfinance Banks and Microfinance Institutions across Ghana, Nigeria, Kenya, Rwanda, Cameroon, Côte d’Ivoire, Uganda, and the Benin Republic.

So far, Errandpay has had partnerships across Africa to access over 100,000 payout points and has now served over one million customers with its 12,000 direct payout locations in the continent.

How Does Errandpay Help FinTechs, MFBs and MFIs?

Quite simply, the platform allows an “aboki” in Kaduna to operate a PoS machine that can serve his entire neighborhood. This “aboki” also has access to information about how his family and friends can repay loans, earn money, and share financial burdens. Information any Fintech, MFB and MFI will be happy to have.

Errandpay can make lending, insurance and investment products, credit card payments, registration for different services and so on easier so its partners can avoid unreasonably high charges.

Any bank or financial institution can also easily be integrated on Errandpay’s API, and this serves as an opportunity for them to leverage the platform to expand its reach across Africa. More people have access to financial services and more banks have access to more customers.

Regular problems that FinTechs MFBs and MFIs face like recruiting and managing developers, setting, and meeting timelines, projecting, collecting, and aggregating vendors, negotiating with other banks, customer onboarding and documentation can now be reduced.

While answering questions from the press on its unique approach to MFBs, MFIs and FinTech’s, Paul Dureke explained that the platform has been successful because the team has focused all resources on providing technology that can cater to the African markets and financial institutions.

“With Africa in mind from day one, we have built technology that has considered several use cases, integrated multiple corridors, and can facilitate the operations of other financial institutions. Building technology is difficult and time-consuming, so we have made developer-friendly and easy-to-integrate APIs readily available for all our partners. From white labeled services to aggregation of major services and an ability to integrate seamlessly to any core banking platform in Africa, Errandpay’s features are fully customisable to the needs of any potential partner. FinTechs, MFBs and MFIs can worry less about building technologies and focus more on strengthening their structures through the platform.”

The Company is licensed as a Super-Agent in Nigeria by the CBN’s Payment Service Bank license and has since had a 50% month-on-month growth rate.

Does Errandpay Make Any Money?

Definitely, Errandpay makes money from every transaction made and every time, their API is being used. However, the Company requires major collaborations in the financial sector to boost the inclusion it seeks to redress in Africa.

“In the past ten years across the Sub-Saharan Africa region, collaboration has driven the fintech revolution. One of ErrandPay’s core strategies is collaborations with Microfinance banks, financial institutions, Aggregators, agents, fintech companies and lots more. We have built our technology for ambitious banks, organisations, Founders and CEOs looking to scale super-fast,” stated Ajibola Awojobi; CEO, Errandpay.

Onboarding on Errandpay is free. The platform is accessible on errandpay.com or via the mobile app on both the iOS and Android devices, while its ever-supportive technical team are available 24/7 at hello@errandpay.com.

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