Congratulations Governor Sanwo-Olu of Lagos State. Congratulations to the good people of Lagos State. At Touch and Pay Technologies Ltd (YC W22), we are very honoured that Nigeria’s center of excellence has unveiled a world class rail system, and our technology is powering all aspects of the payment. We thank all Lagosians for the opportunities; we appreciate the state’s leadership vision for using the home team.
We began with BRT buses, we did very well, and the state promoted us to the railway system. We will continue to work hard to make sure when it is time for the rocket and moon voyage, Lagos will choose TAP and Cowry Card. Billing for the moon, we understand, because we think big.
To Micheal, Kabiru, Ogo and Olamide, congratulations for executing and building the fastest growing company in Africa. Yes, from less than 1,000 users to 3 million in about three years. Tekedia Capital stands with innovators and we appreciate the uncommon quality and execution all have done.
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To other states in Nigeria and countries in Africa (states like Kano and countries like Senegal are on board), TAP is the leader in microtransaction payment, making it possible to collect as low as 50 naira, 100 naira (think of digitizing collection of 10 US cents). As we do that, we offer revenue assurance. Yes, no leakage assured! Lagosians, travel, move, etc – use your Cowry card!
Connect with Afolabi Olamide if you want a demo in your state or country. You can also email my team here capital.tekedia.com for an email introduction with the TAP team.
Bus Payment
Bus owners voted it the most important technology of 2022 in Nigeria. Why? No more leakage of revenue. No snake swallowing Naira. No agbero took our money. No “it rained sote” in Lagos that customers did not ride. Once your bus is onboarded, you can set the system so that every 5 (10, 60, etc) minutes, your phone will get an update on how much money the bus has made.
If you are a bus owner, Touch and Pay Technologies Ltd (YC W22)’s Cowry Card is the largest transport payment network in Africa , supporting thousands of users daily. It is a closed card system which means it does not require a telco network and it works 100% of the time (no network issue, no my bank server is down, etc). It was engineered with the Nigerian and African terrain in mind.
TAP is a Tekedia Capital portfolio company. Connect with Afolabi Olamide and get your bus enrolled. You can also email my team here capital.tekedia.com to link you with the TAP team.
Many questions on TAP technology. Not everyone needs a card . This is how to digitize your restaurant business, garri store, etc. Just give the customer associate the device, as people pay even with cash, a receipt will be issued. Provided that receipt is issued, your revenue will not leak. No need to imagine: ask the team to create a solution for your use case. The system does not need any network as it is a closed system. There is a reason TAP grew from 1,000 users to 3 million in three years, the product is hyper-local. No foreign company can do what our team did because they will not understand the cases. Connect at Tekedia Capital capital.tekedia.com for a demo.
No Cash for Payment in Nigeria
We did not cause the paralysis which is happening with lack of cash in Nigeria. But if you are a merchant, there is a solution. Touch and Pay Technologies Ltd (YC W22) Pay since inception has focused on microtransactions, making it possible for people to digitize collections of N10, N20, etc. Also, the technology does not fail as there is nothing like ”there is no network”.
From Danfo drivers to restaurants to akamu sellers to anything, the TAP team is expanding networks to support merchants and sellers. This is not a POS, this is TAP which does not require any network in any way.
Contact my team at Tekedia Capital for us to connect you with our portfolio company team. We have won the victory over lack of cash in Nigeria! Afolabi Olamide is here to support your business.
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