Home
Blog
Simeon Ononobi: SimplePay (Nigeria)
Simeon-Ononobi.jpg

Simeon Ononobi: SimplePay (Nigeria)

Simeon Ononobi noticed that it costs merchants in Nigeria almost $3000 to be able to accept online payments from debit cards. At that time, PayPal, the world’s biggest payment platform was still unavailable to users in Nigeria and most of Africa.

In January 2013, Simeon launched SimplePay, a localized payment platform that cost $1 to sign up and significantly reduces the hefty costs pf payment gateways and the unsafe exposure of personal debit card details on multiple websites.

Today, SimplePay has more than 10,000 registered users (who are mostly merchants) and more than 30,000 unregistered users. In a country with the ninth largest population of internet users (Over 60 million), the growth prospects for SimplePay are breathtaking. It’s no wonder that a string of local and international investors are outdoing themselves to have a stake in what  in what is likely to become Africa’s PayPal.

SimplePay is on track to raise over $10 million in a series of funding round coming up in early 2015

Except from page 118 of 101 ways to make money in Africa by John-Paul Iwoha & Harnet Bokrezion


Testimonial

  • I am so glad I didn't miss out of this opportunity to learn at KEC - (Business Accounting) Eyide Onyeka

  • The training on ERM was very beneficial to me. Before now the concept of risk analysis was vague to me. To this I say thank you KEC!- Mrs Victoria Folorunsho

  • All I can say is that KEC is an outstanding institution- (Risk Management) Umeobi Chidalu

  • The training was very interesting and impactful and refreshed my memory to lot of things I have forgotten (Business Accounting) Ochala Margareth

  • "It was a knowledgeable experience and different perceptions of various individuals presented itself."

    Ex-Student (COMMUNICATION & CUSTOMER SERVICE SKILLS)

    Isegen Henrietta Thalatu

  • "An eye opener and sharpener of what I know and has made me happier now in class and I hope for greater joy in futuristic achievement. Everything was just on point for the training."

    Ex-Student (PERSONAL EFFECTIVENESS & MASTERY)

    Orowale Adeshina

  • "The training was a nice one, the beautiful part of the training was the practical session included which made the training easy and simple to understand."

    Ex-Student (DEVELOPING PROBLEM SOLVING SKILLS AT WORK)

    Orowale Adeshina

  • "The training was really wonderful and I am very happy I came because it would have been a great loss if I didn't."

    Ex-Student (Aptitude Test & Proficiency Examination)

    Olajide Kolawole

  • "The training was fantastic, infact I wish I knew about KEC and their training earlier before now"

    Ex-Student (Aptitude Test & Proficiency Examination)

    Eboigbe Andrew

  • "The facilitators were able to demonstrate good knowledge of the course, they created room for interactions. In my opinion the training was perfect"

    Ex-Student (Introduction to Job Search Skills)

    Afolabi Sunday