OurPass Announces Transition from One-Click Checkout Company to Business Banking~Starimagenews.com

OurPass, the one-click checkout company, today announced that it has rebranded to become a global neobank for businesses revolutionizing commerce in Nigeria. OurPass is providing businesses with access to banking, payment and business management tools to enable them start, grow and scale their businesses.
OurPass launched in 2021 after raising a $1 million pre-seed led by Tekedia Capital with a goal of helping businesses increase their sales conversion rates by eliminating long entry forms at checkout using its one-click checkout solution. However, as the business observed the market and conversed with its customers, it recognised that beyond offering a niche service, it could provide end-to-end solutions that helped entrepreneurs grow every aspect of their business.
“With a mission to create a borderless world of successful businesses, we are committed to making it easier for businesses, irrespective of size and location, to gain access to banking services, but we are not stopping there,” said Samuel Eze, Founder and CEO of OurPass. “We are also providing them with access to all the payment and business management tools they need to grow and thrive.”
The neobank offers free business account numbers in under five minutes when businesses sign up, access to capital to build their businesses, and great investment opportunities with its fixed deposits offering. Its optimized payment tools, such as POS terminals, QR codes, and instant transfers, also enable businesses to receive and make payments seamlessly. In addition, OurPass provides a quick invoicing tool to keep businesses organized and help them get paid on time, and is building out its inventory, storefront, and digital tag systems. Staff management tools allow businesses to safely grant their teams controlled access to business information such as payment confirmations, and manage their branch operations from anywhere in the world with OurPass’ sub-business feature.
“Our pivot and the fact that we are still growing is a clear testament to our dexterity in adapting to changing times,” said Eze. “We are already serving thousands of customers including some of the biggest retail outlets in Nigeria like Spar, Shoprite and EatnGo, processing about 1,000,000 transactions monthly. We have also secured our own Microfinance Banking License from the Central Bank of Nigeria and we hope to serve over 200,000 active businesses by the end of Q4 2023.”

About OurPass
OurPass is a global neobank providing businesses of all sizes with access to every banking, payment and business management tool they need to start, grow and scale their businesses.

Our mission is to create a borderless world of successful businesses and we are constantly building new tools to ensure that whatever stage a business is in, they have access to every tool they need to thrive, all in one place.

Founded in 2021 as a one-click checkout company, we made a pivot in July 2022 when we saw that beyond offering a niche service, we could provide end-to-end solutions that helped entrepreneurs grow every aspect of their business.

In just a few months since our transition, we have become a leading business bank serving thousands of customers including some of the biggest retail outlets in Nigeria such as Spar, Shoprite and EatnGo (parent company of Dominos, Cold Stone Creamery and Pinkberry), processing about a million transactions monthly.

OurPass also holds a Microfinance Banking License from the Central Bank of Nigeria.

For more information, visit www.ourpass.co.
Contact:
Toju Grage
toju@ourpass.co

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