Fliprecharge Hits a Milestone Over 200 Million Naira in Transactions

Fliprecharge, a Value-Added Service (VAS) startup in Nigeria, has proudly announced a monumental milestone, achieving over 200 million Naira in transactions since its go-live in August 2023.

This milestone reflects the app’s strong market presence and vital role in providing affordable telecom services to Nigerians.

Founded in 2022 by Kayode Shoyemi, Fliprecharge has quickly become a key player in Nigeria’s telecom sector by offering discounted data plans and airtime across all major networks. In December 2022, Fliprecharge raised seed funding of 500 mllion Naira, led by Skiloby Global Management with other private investors at the roundtable. Within six months of going live, the app has significantly impacted the telecommunications sector, providing affordable data and airtime to a growing number of subscribers. Beyond this remarkable financial achievement, Fliprecharge is on the brink of expanding its offerings to include bill payments for utilities such as TV and electricity, expected to go live by the third quarter of 2024.

Founder Kayode Shoyemi shared the strategy behind the app’s rapid ascent: “Before launching Fliprecharge, we engaged in extensive market research and outreach to ensure we precisely met our customers’ needs—our target market is not only end-users but resellers as well. This preparation has been instrumental in our success, enabling us to offer tailored services that resonate with our users.”

The Chief Technology Officer Uloma Okenyi shed light on the technological foundation that has supported Fliprecharge’s growth. “Building a sustainable, maintainable, and secure system was our top priority. We ensured that we assembled the best development team who are deeply committed to our vision, we also ensured our infrastructure not only supports our current operations but is also scalable for future expansions,” Uloma elaborated on the development strategy that has been instrumental in the app’s success: “Our adoption of agile development practices allows us to deploy features in stages while staying highly responsive to user feedback. This adaptability is crucial in the tech industry’s dynamic environment.”

Since its inception, Fliprecharge has facilitated over a million transactions and attracted over 2000 subscribers. As Fliprecharge continues its journey of expansion, it reaffirms its commitment to making telecommunications services more accessible and affordable for all Nigerians. For more information about Fliprecharge and its services, visit https://fliprecharge.biz.