OPay continues to expand as ‘OTrike’ launches in Aba and Kano

by | Aug 12, 2019

Editor’s note [20 August, 2019]: This article has been updated to reflect OTrike’s launch in Kano, which happened about the same time with the launch in Aba.


Opera-founded startup, OPay, has just introduced OTrike, a tricycle hailing service, in the commercial city of Aba, southeast of Nigeria and northwestern city, Kano.

In 2018, the disruptive startup started operations as a mobile payments platform reaching Nigeria’s huge unbanked population. It has since diversified its product offerings into motorcycle ride-hailing, ORide and food delivery service, OFood.

Nearly a year after entering the Nigerian market, the Chinese-backed startup has come with yet another service, involving commercial tricycles (popularly referred to as kekes).

The new tricycle hailing service is making its debut in both cities and like ORide, discounts apply on every trip less than ₦400 ($1.10) within the first month of launching (August).

Users of OTrike can go anywhere in Aba for ₦20 ($0.055) and ₦30 ($0.082) in Kano, while it costs ₦50 ($0.14) to get a private charter in both cities.

There’s no word on when OTrike will move to other cities, or what other services that might follow this new launch. But what cannot be ignored is that the innovative strategy of OPay stems from the recent $50 million investment the startup received.

The capital was raised to expand new and existing verticals, strengthen OPay’s core business, which is mobile payments, and ultimately become a multi-service commercial platform.

Endlessly amused by technology. @ulonnaya


Techpoint Build 2021 is here! Be part of the largest gathering of innovators, startup founders, thinkers, programmers, policymakers, and investors in West Africa. Register free now.

Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments

Recent News

5 ways to support Techpoint Africa

5 ways to support Techpoint Africa

If you value the work we do at Techpoint Africa and would like to help ensure that the core of our journalism remains free and independent, please consider these 5 ways to support us

Subscribe to Techpoint Digest!

A daily 5-minute roundup of happenings in African and global tech, sent directly to your email inbox, between 5 a.m. and 7 a.m (WAT) every week day!

Please check your email to confirm your subscription.

Subscribe to Crypto Explorer

A monthly series featuring in-depth analysis on the cryptocurrency sector in Africa

Please check your email to confirm your subscription.

Subscribe to The Experts

A bi-weekly where tech career specialists take us on their journey from newbie to expert, and how they became successful in the industry.

Please check your email to confirm your subscription.

Subscribe to Founder's Table

A monthly series, where we catch up with founders in the startup ecosystem, learn about their failures, successes and a few tricks of the trade

Please check your email to confirm your subscription.

Copy link
Powered by Social Snap