For rent, school fees, hospital bills, AJO/Esusu, business, and more. Lock your money into purpose vaults — and it earns 6–18% interest while it waits.
Three steps to financial discipline — designed for the way Nigerians actually manage money.
Open MyKoloPay and create vaults in plain English or Pidgin. Name them: "Mama School Fees", "Alhaji Shop Rent", "Hospital Emergency". Each vault has one purpose — and that purpose only.
Transfer your AJO payout, salary, or contract money into the right vault. Or set a monthly auto-debit. Your money earns 6–18% interest while safely locked and waiting for its moment.
Each vault comes with a dedicated MyKoloPay Secure Card. The card works ONLY for that vault's purpose — school fees pay to schools, rent pays to landlords, hospital pays to health merchants. No cash withdrawal. No misuse. Never.
Lock money for every life need — and watch it grow while it waits for its purpose.
Africa has never seen a card this secure. Or this purposeful.
Your fingerprint is embedded in the physical card — no fingerprint, no transaction
CVV changes after every transaction — static CVV fraud is impossible
Card number lives in the app only — physical card shows nothing
Blocks 80%+ of fraud attempts + enforces purpose restrictions in real-time
Works for up to 50 transactions with zero internet — your money is never stranded
Rent card CANNOT pay at restaurants. School card CANNOT buy clothes. Period.
Every transaction recorded immutably — transparent to you, your family, or government auditors
These are the stories playing out across Nigeria every single day. Which one are you?
Offline, biometric, AI-powered, blockchain-backed. MyKoloPay protects your money at every layer.
Your fingerprint is embedded directly in the physical card. No fingerprint match — no transaction approved. Period.
Your card's CVV changes automatically after every transaction. Making static CVV fraud and card duplication completely impossible.
No card number is printed on the physical card. Your secure details only exist inside the encrypted MyKoloPay app.
Our AI blocks 80%+ of fraudulent transactions before they happen, while enforcing purpose rules in real-time at every merchant terminal.
Up to 50 transactions work without internet. Power cut? No network? Your MyKoloPay Secure Card still pays — safely and purposefully.
Every single transaction is recorded on an immutable blockchain. Transparent to you, your family, your business partner — or a government auditor.
₦600 billion flows through NELFUND yearly. With MyKoloPay, every loan naira is locked to tuition and approved campus spending — automatically. No diversion. No misuse. No exceptions.
Government welfare, NNVS, NYSC allowances, and cash transfer programs locked to approved merchant categories. Every beneficiary gets a Secure Card. Every naira is tracked.
Everything institutional investors and government partners need to evaluate MyKoloPay.
Break-even: Month 10 with NELFUND / Month 18 retail-only
| Year | Users | Revenue | Net Profit | Scenario |
|---|---|---|---|---|
| 1 | 50,000 | $2.1M | Break-even | Base |
| 2 | 300,000 | $14.8M | Positive | Base |
| 3 | 900,000 | $38.8M | $12M+ | Base |
| 3 | 450,000 | $19.4M | $200K | Conservative |
| 5 | 5M+ | $180M | $89M+ | Upside |
Each user refers 1.4 new users within 6 months — our viral coefficient drives compounding growth.
Key Insight: The longer users lock, the more we both earn.
No competitor combines scheduled release + merchant restriction + biometric security + interest on locked obligations.
| Competitor | Their Strength | Their Fatal Gap | Our Advantage |
|---|---|---|---|
| PiggyVest | Locked savings, high interest | Unlocks to wallet = spendable anywhere | We enforce WHERE, not just WHEN |
| Kuda | Free transfers, clean UX | Spending limits are soft | Hard purpose-lock at transaction level |
| FairMoney | Instant loans | No spending enforcement | Interest on obligations, not just savings |
| OPay | Massive agent network | No discipline tools | Purpose vaults + interest + enforcement |
| Banks | Trust & branches | No technical enforcement | AI + biometric + merchant integration |
Every major risk is identified, assessed, and mitigated. MyKoloPay is built for Nigeria's reality.
| Risk | Likelihood | Mitigation |
|---|---|---|
|
Regulatory Delay (CBN Sandbox)
CBN sandbox approval timeline uncertainty
|
Medium | Partner bank BaaS from Day 1; ex-CBN Payment Systems Director retained as advisor |
|
Key Hire Failure (CTO)
Unable to recruit lead technical talent post-seed
|
Medium | Two qualified candidates in final interview stage; 4-week contingency plan with technical advisory board |
|
NELFUND Pilot Rejection
Government delays or declines the pilot
|
Low | Retail break-even at Month 18; NELFUND is acceleration, not survival. We bear 100% of pilot cost — zero risk to NELFUND |
|
Card Manufacturing Delay
Supply chain delays for biometric card production
|
Medium | Dual-source suppliers (Valid + Idemia); virtual card launch first — full digital product available Day 1 |
|
Consumer Adoption Slower Than Projected
Market education takes longer than expected
|
Medium | Free Basic tier removes adoption barrier; AJO viral coefficient (1.4×) built into model; 18-month runway covers pivot if needed |
We still break even at Month 18 on retail alone. The pilot is completely free to NELFUND — we bear the technology cost. NELFUND is acceleration, not survival.
"We don't just move money. We ensure money fulfills its purpose." — Next Step: Demo · Due Diligence · Wire
Every Nigerian deserves financial discipline. We made it affordable for all.
Get early access, founding member pricing, and be part of the movement that protects Nigeria's money.
Welcome to the MyKoloPay family. We'll reach out via WhatsApp and email as soon as early access opens. Your Kolo is coming — and it will stay until e ready.
Raheem Larry Babatunde, Founder
Lagos, Nigeria
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