OCharge Recharge with benefits

OCharge - Venture image

OCharge is an airtime recharge and payments app, that rewards its users with exclusive and meaningful benefits from brand partners. OCharge users top-up airtime across any network in Kenya through OCharge, and enjoy instant savings of equal value on food, drinks, electronics etc. from a number of partner businesses on the platform.

For users, OCharge is solving the problem of meaningless benefits they weren’t using anyway, by rewarding prepaid airtime users with;
– benefits equal in value to amount spent on airtime
– customised targeting of benefits for each user based on their spending patterns — give users benefits they actually want

We are passionate about making Africa’s marketplace more efficient, by leveraging insights into user’s spending patterns, and matching them with the right merchant partners, especially those who have little to no advertising budgets for their businesses.

We aim to become the Pan-Africa market leader in the mobile wallet and benefits space.

Fundraising

This venture is seeking finance for their venture. Are you an investor? Check out the Pro Account to see the details.

Idea

We have an elevator pitch. We have a revolutionary new idea that will change the rules of the game.
We have an elevator pitch. We have a revolutionary new idea that will change the rules of the game.

We are creating the most preferred wallet for payments in Africa, by rewarding our users with exclusive and meaningful benefits for every dollar they spend with us. We do this by sourcing exclusive and attractive discounts from merchant partners, and targeting users with these offers based on insights on their spending patterns.

Team

Our founder has the business savvy and persistence to turn ideas into a company. We have a business network and can get introduced to the right people. We can build the product - our team has what it takes. Given the time and money, we can deliver on our promises.
Our founder has the business savvy and persistence to turn ideas into a company. We have a business network and can get introduced to the right people. We can build the product - our team has what it takes. Given the time and money, we can deliver on our promises.

With the likes of ex-MD of Rupu, ex-Head of Marketing and Comms. with Jumia for East and Central Africa, and alumni from among the best business (Indian School of Business) and technology (IIT Delhi) schools in the world, we have a strong management team building the business.


Product

We have a working product and you can request a demonstration. We have developed the product ourselves and own all of the IP for the product.
We have a working product and you can request a demonstration. We have developed the product ourselves and own all of the IP for the product.

Product is live in Kenya since Nov'2016, with a traction of ~ 1,200 airtime recharge transactions / day growing steadily, and have generated a revenue of ~ $200,000 to date. We are preparing to support more types of payments, and launching new geographies across Africa.

Revenue

We already have revenue from paying customers.
We already have revenue from paying customers.

We are primarily in the mobile payments and online-to-offline (O2O) commerce space. For mobile payments, we earn a commission on sales made through the wallet. And on the O2O side, we earn commissions (revenue share) on additional footfalls and sales we drive for our merchant partners.

  1. Idea and Stage

  2. Team and Organization

  3. Market and Marketing

  4. Finance

  5. Investment

Team

Updates