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Founded Year

2018

Stage

Line of Credit | Alive

Total Raised

$9.37M

Last Raised

$4.8M | 1 yr ago

About OnePipe

OnePipe aggregates application programming interfaces (APIs) from banks and financial technology companies into a standardized gateway. It offers multiple solutions using application programming interfaces (APIs) including digital banking services, direct debit payments, consolidated payments with recurring and flexible plans, and more. It serves to fast-moving commercial goods (FMCG) and retail, travel and mobility, and banking and fintech sectors. It was founded in 2018 and is based in Lagos, Nigeria.

Headquarters Location

11b Badagry Street Off Adeniyi Jones Avenue

Lagos,

Nigeria

+234 809 630 0339

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OnePipe's Product Videos

OnePipe's Products & Differentiators

    Grassroot Banking

    Embedding financial services like special (virtual) bank accounts, and frictionless payments within the digital channels you have created for your customers.

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Research containing OnePipe

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned OnePipe in 1 CB Insights research brief, most recently on Feb 15, 2022.

Expert Collections containing OnePipe

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

OnePipe is included in 2 Expert Collections, including Fintech.

F

Fintech

12,502 items

Excludes US-based companies

D

Digital Banking

100 items

The open banking ecosystem is facilitated by three main categories of startups including those focused on banking-as-a-service, core banking, and open banking startups (i.e. data aggregators, 3rd party providers). These are primarily B2B companies, though some are also B2C.

Latest OnePipe News

From Tosin Eniolorunda’s Moniepoint to Edward Popoola’s Cowrywise, meet the Interswitch mafia

Oct 24, 2023

6 min read In July 2002, eBay completed the acquisition of PayPal in a deal that valued the startup at $1.5 billion. Since then, some of its alumni, including Peter Thiel, Elon Musk, Reid Hoffman, and Max Levchin, have gone on to start or fund some of the most successful technology companies in the world. Their influence has seen them earn the term "PayPal Mafia." Closer home, a few startups have seen a number of former employees go on to start successful companies. Companies like Andela, Paystack, and OPay are a few that come to mind. However, Interswitch has had an equally significant impact on Nigeria's startup ecosystem. Known for its pioneering status in online payments in Nigeria, it has also been a breeding ground for some of the country's startups. In this article, we take a look at some former Interswitch employees at the helm of startups. We'll call them the Interswitch mafia. Tosin Eniolorunda (CEO) & Felix Ike (CTO) – Moniepoint Tosin Eniolorunda and Felix Ike Tosin Eniolorunda is one of Nigeria's finest entrepreneurs and the CEO of Moniepoint, one of the most dominant fintech players in Nigeria. Eniolorunda spent five years at Interswitch across two spells before leaving to start Moniepoint in 2015 . Advertisement Moniepoint started off as TeamApt, a technology provider for banks and financial institutions in Nigeria. By 2016, the startup was serving 98% of commercial banks in the country. It has since spread its wings. First, it entered the agency banking market, quickly gaining significant market share, and in 2023, it launched a personal banking service . Moniepoint’s success has also seen Eniolorunda become an investor, joining Oui Capital as a limited partner in its second fund . Felix Ike serves as Moniepoint’s chief technology officer, but before then, he spent 20 months as a software developer at Interswitch. In 2015, he left to join Eniolorunda at Moniepoint, becoming CTO in 2017. Along with Eniolorunda, Ike is an Endeavour entrepreneur. Chinedu Ossai – CEO, Revwit Chinedu Ossai, Image source: LinkedIn The growth in startup activity in Nigeria has led to a higher demand for talent at these companies. However, traditional educational institutions have struggled to meet demand, creating a gap that companies like Andela, Gebeya, and AltSchool have stepped up to fill. But as many entrepreneurs have found out, having the best technology is no guarantee of success if there aren't well-trained sales and marketing personnel. Chinedu Ossai is solving that problem with Revwit , a startup that trains revenue talent and helps companies hire them . Before Revwit, Ossai spent nearly six years at Interswitch as a sales manager before moving to the London Stock Exchange Group. He also spent one year as Head of B2B sales at ride-hailing company, Bolt. Tosin Osibodu – CEO and Co-founder, Chaka Tosin Osibodu, Image source: LinkedIn Tosin Osibodu is the co-founder and CEO of Nigerian fintech, Chaka. He joined Interswitch in 2009, spending five months as a data engineer. Launched in 2019, Chaka helps Nigerians invest in companies in the US, UK, Nigeria, and China from their smartphones. In 2021, it became the first Nigerian fintech to get the Securities and Exchange Commission’s digital stock trading licence. Chaka has raised over $1 million from Microtraction, Future Africa, Seedstars, Breyer Capital, and Golden Palm Investments. In 2023, the startup revealed it had been acquired by Risevest, another startup providing access to dollar investments for Nigerians. Both companies continue to operate as separate entities following the acquisition. Ope Adeoye – CEO, OnePipe Ope Adeoye, Image source: LinkedIn Ope Adeoye spent more than a decade at Interswitch across two spells. In 2006, he joined as a senior software engineer, leaving after 23 months. He returned in August 2009 and spent the next eight years in the fintech’s consumer and mobile services departments. In November 2018, he founded OnePipe , an embedded finance startup that has raised more than $8 million from investors that include Zedcrest Capital, DFS Lab, Techstars, Raba Capital, P1 Ventures, and Ingressive Capital. Liyi Victor – CEO, Gladefinance Liyi Victor, Image source: LinkedIn Liyi Victor joined Interswitch in 2011 as a product manager. After leaving Interswitch the same year, he co-founded Navisite Business Services, an edtech service provider, and Payit, a fintech. In 2020, he founded Gladefinance, a fintech that provides expense management, working capital financing, and payment services for businesses. Adetokunbo Omotosho – CEO, Infoprive Adetokunbo Omotosho, Image source: LinkedIn Adetokunbo Omostosho joined Interswitch in 2004 on a short-term contract but ended up spending eight years at the fintech. Shortly after he joined, the head of IT infrastructure resigned, opening up an opportunity for him to lead the department. In 2012, he founded Infoprive, a cybersecurity company that now has clients on three continents. Infoprive also has more than 50 employees, generating more than $5 million in revenue since its inception. Charles Ifedi – CEO, eBanqo Charles Ifedi, Image source: LinkedIn Charles Ifedi was one of the three co-founders at Interswitch and only left in 2018 to begin eBanqo, a customer engagement tool. Using eBanqo, businesses can combine all their customer engagement channels on one platform. eBanqo is used by several businesses, including Konga, Interswitch, OnePipe, Union Bank, and Healthplus. Celestine Ezeokoye – CEO and Co-founder, WeMove Celestine Ezeokoye, Image source: LinkedIn Celestine Ezeokoye joined Interswitch as a software engineer in 2013, spending eight months at the company before moving on. The Computer Science graduate of the University of Lagos is the founder and CEO of WeMove Technologies, a startup that provides a marketplace for transportation needs in Nigeria. Users can find and hire vehicles, while vehicle owners can earn money by listing their vehicles for hire. Edward Popoola – CTO, Cowrywise Edward Popoola, Image source: LinkedIn Between August 2010 and February 2011, Edward Popoola was an infrastructure analyst at Interswitch. In 2017, he co-founded Cowrywise with Razaq Ahmed. Cowrywise began as a savings platform for Nigerians, but has since grown to include digital wealth management solutions. It secured an asset management licence from the SEC in 2021, and was one of the earliest Nigerian startups to join Y Combinator in 2018. Bashir Aminu – Co-founder and CEO, Payourse Bashir Aminu, Image source: LinkedIn Bashir Aminu ’s experience spans a few Nigerian fintechs and crypto startups, including Yellow Card and Busha. He also had a brief stint as a product designer at TeamApt before moving to Interswitch, where he spent 11 months as a senior product designer. After leaving Interswitch, Aminu joined Binance as a growth and operations manager, rising to Head of Africa. Today, he’s the co-founder and CEO of Payourse, a Y Combinator-backed startup providing the infrastructure for building crypto products. In 2021, the startup raised $600,000 in a pre-seed round.

OnePipe Frequently Asked Questions (FAQ)

  • When was OnePipe founded?

    OnePipe was founded in 2018.

  • Where is OnePipe's headquarters?

    OnePipe's headquarters is located at 11b Badagry Street, Lagos.

  • What is OnePipe's latest funding round?

    OnePipe's latest funding round is Line of Credit.

  • How much did OnePipe raise?

    OnePipe raised a total of $9.37M.

  • Who are the investors of OnePipe?

    Investors of OnePipe include TLG Capital, Ingressive Capital, P1 Ventures, Raba Capital, Atlantica Ventures and 20 more.

  • Who are OnePipe's competitors?

    Competitors of OnePipe include Stitch and 4 more.

  • What products does OnePipe offer?

    OnePipe's products include Grassroot Banking and 4 more.

  • Who are OnePipe's customers?

    Customers of OnePipe include LASRRA, Obiwezy and Lekki Gardens.

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Stitch operates as a payment service provider. The company offers a payment gateway solution that enables businesses to accept various forms of payments, manage and reconcile payments across different methods and geographies, and disburse funds. Primarily, Stitch caters to the ecommerce industry, financial services, and marketplaces. It was founded in 2017 and is based in Sandton, South Africa.

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Interswitch

Interswitch is a technology-driven company focused on payments and digital commerce in the financial technology sector. The company offers a range of services including everyday payment solutions for individuals, business transaction processing for SMEs and corporates, mobile financial services, and industry-focused payment solutions. Its primary market includes individuals, small and medium enterprises, and various industries across Africa. It was founded in 2002 and is based in Lagos, Nigeria.

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Inlaks

Inlaks is a leading Information Technology Solutions provider, operating in the information technology and infrastructure sectors. The company offers a range of services including core banking applications, agency banking, fraud management, cybersecurity, cloud services, data center operation, and enterprise risk management. These services primarily cater to the financial institutions across Africa. It was founded in 1982 and is based in Lagos, Nigeria.

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