Nonso Onwuzulike - Afrikan Heroes

Nigerian Fintech Earnipay Lands $4m To Accelerate On-demand Salary Business In Nigeria

February 19, 2022

Earnipay, a Nigerian Fintech that gives employees regular and flexible access to their salaries, has raised $4 million in seed funding to expand its operations in the country, which is its only market. The company, which provides a variety of tools to assist its customers make better financial decisions, intends to use the funds to expand its operations in Nigeria, focusing on large-company personnel.

Nonso Onwuzulike [CEO of Earnipay] — Nonso Onwuzulike, CEO of Earnipay

“Earnipay has quickly established itself with a product designed specifically for payroll behaviors in Nigeria, and early adoption by employers is very strong. Nonso Onwuzulike [CEO of Earnipay] has built one of the strongest teams we have come across across the continent, and we are thrilled at the opportunity to partner with them,” said Brendan Dickinson, General Partner de Canaan, the venture capital firm that led this operation for the benefit of Earnipay.

Faced with employee departures as a result of the monthly payroll system set up within its first plastic waste recycling company, launched in Ghana in 2019, Nonso Onwuzulike decided to review this method of payment by offering a more regular and flexible payroll system for employees as part of a new corporate project in Nigeria.

The Fintech, which began as an experiment in September, claims to have served employees from roughly twenty Nigerian organizations thus far. Over 1,000 people have downloaded his app. Earnipay, which is optimistic about its chances, hopes to reach at least 200,000 employees by the end of the year with its flexible and on-demand wage access service.

According to various local media outlets, formal sector employees in Nigeria are paid monthly, whereas informal sector employees are paid daily. Employees who are short on cash between paychecks have little choice but to borrow or request a salary advance, which can come with significant interest rates. As a result, the Earnipay solution is given as an alternative for these employees who do not have enough money to survive.

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Charles Rapulu Udoh

Charles Rapulu Udoh is a Lagos-based lawyer who has advised startups across Africa on issues such as startup funding (Venture Capital, Debt financing, private equity, angel investing etc), taxation, strategies, etc. He also has special focus on the protection of business or brands’ intellectual property rights ( such as trademark, patent or design) across Africa and other foreign jurisdictions.
He is well versed on issues of ESG (sustainability), media and entertainment law, corporate finance and governance.
He is also an award-winning writer

COVID-19: Ride-Hailing Company Bolt Launches A Programme To Offer Free Rides To Medical Staff In Ghana

April 15, 2020

Nonso Onwuzulike, Bolt Country Manager for Ghana.

Leading on-demand transportation platform in Europe and Africa, Bolt has launched a programme to provide free transportation to frontline medical personnel involved in the COVID-19 fight in Ghana. The service which started yesterday with hopes to support over 5000 healthcare personnel through the programme.

“It can be complicated for doctors, nurses and other medical workers to get to work fast and safe during the lockdown. Being a key player in transportation in Ghana, we want to help out by supporting the people on the frontline.” said Nonso Onwuzulike, Bolt Country Manager for Ghana.

Here Is All You Need To Know

In pursuit of its goal, Bolt has partnered with the Ghana Registered Nurses and Midwives Association (GRNMA) and has already enrolled more than 1000 health workers to sponsored business accounts on the Bolt platform, enabling them to ride to and from work without needing to pay for it.

“We are starting the service in Accra and Kumasi. Our partnership with the GRNMA gives us access to the active healthcare workforce in Ghana with a priority on healthcare workers working in the pandemic centres” added Nonso.

According to Nonso, Bolt is currently working with a number of businesses to sponsor these free rides for the healthcare personnel. “Businesses that are currently not on board are encouraged to sign up to support the nation’s healthcare workers in these difficult times” he reiterated.
All Bolt vehicles transporting medical personnel will be equipped with car disinfectants and hand sanitizers and the drivers will be required to disinfect the cars after each trip.
Businesses that are interested in joining the cause can sign up by filling a form on the website of Bolt after which a member of the Bolt team will get in touch with them. Bolt has set no cap on the amount required from partner companies to sponsor and thus all well-meaning businesses are encouraged to get on board.
In spite of the lockdown, Bolt and other ride hailing companies are exempted from the restrictions and are thus able to conveniently transport healthcare workers to and from their place of work.
Bolt is the leading European transportation platform that’s focused on making urban travel easier, quicker and more reliable. The company’s services range from ride-hailing to micro-mobility and food delivery. Bolt has more than 30 million users in over 35 countries globally. www.bolt.eu