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Nigeria’s OurPass Secures $1m Funding to Develop its Tech & Expand Team

Ourpass, a Nigerian startup that enables consumers to shop with one click, has raised a $1 million pre-seed round led by Tekedia Capital and angel investors from Fortune 500 companies.

The startup will use the new round to develop its technology and grow its team to up to 200 people before the end of next year.

Founded in 2020 by Samuel Chukwunonso Eze, Gbeminiyi Laolu-Adewale and Rogers Mugisa, OurPass provides a mobile application that enables consumers to shop with one click. The first time consumers sign up on the platform, they enter their names, email and shipping addresses. OurPass then creates an identity for each customer, which is passed across every online store they shop.

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Additionally, it also offers free delivery on all orders for customers. The company partnered with logistics companies like MAX.ng and Gokada to facilitate this.

Since beta launching in May this year, OurPass has gathered a few merchants on its platform. Most of its clients are small businesses that use Storemia, an online storefront provider it acquired recently.

The company also plans to work with merchants on e-commerce platforms, including WooCommerce, Magento, Squarespace and Shopify in the future and social commerce platforms like WhatsApp, Facebook and Instagram.

Additionally, OurPass claims to have done $500,000 in transaction value and hopes continuous growth will see it become the go-to platform for consumer checkout in Nigeria by 2023.

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Commenting, founder and CEO of OurPass, Samuel Chukwunonso Eze, said: “We built an identity layer across the web to enable consumer identity to be sent across to every single online store they go to check out from.”

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