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OurPass
Techstars '21Lewes, US · Founded 2021 · 15 employees on LinkedIn · 3 known investors
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OurPass provides a one-click checkout service for online merchants operating in African markets. The product stores customer payment and shipping details so purchases can be completed without re-entering information at each transaction.
Also known as OurPass Inc. · PARKCROWDY NIGERIA LIMITED
Founders & leadership
OurPass was founded in 2021 by Samuel Eze.
Investors · 3
How we know: the Techstars portfolio · open dataset · Top 3000 Accelerator Startups (no YC) 2026-08 · Not right? Tell us
Also in the syndicate · 1
Funding
SEC filings, press & company announcements- Undisclosed amountpre-seedSep 2021 · 2 sources
Tekedia Capital (lead), Angel investors from Fortune 500 companies
Source ↗
Source: company announcements and press reports — follow each round's link for the claim.
Company profile
researched Sep 2026OurPass is a Nigerian fintech originally built around a one-click checkout product intended to reduce cart abandonment and raise merchant revenues by letting shoppers complete online purchases without re-entering payment and delivery details. The company operates on the ourpass.co domain, with its Google Play developer listing registered to OurPass Inc. at an address in Lewes, Delaware, United States, and a Nigerian contact phone number.
The business has since shifted toward consumer banking. Its current mobile application, OurPass Personal Banking, offers dedicated OurPass Microfinance Bank account numbers, real-time inbound and outbound transfers, and daily interest paid on account balances. The app listing was last updated in March 2025 and reports more than 1,000 downloads, with recent releases adding logout controls, push-notification toggles, a responsive dashboard and revised profile navigation. Press coverage in September 2025 characterised the company as having gone through three pivots in three years, from the checkout platform toward fintech and banking, while awaiting a microfinance banking licence from the Central Bank of Nigeria.
Business model
Originally a merchant-facing checkout layer for online commerce, positioned as reducing abandoned carts and increasing merchant revenue. The company subsequently operated a consumer banking application providing account numbers under OurPass Microfinance Bank, transfers, and interest-bearing balances; the Google Play listing notes in-app purchases.
Traction
The OurPass Personal Banking Android app reported more than 1,000 downloads as of its March 2025 listing update.
Latest developments
As of September 2025, the company was reported to be attempting a second act after three pivots, amid frozen customer deposits and unresolved regulatory questions. Its personal banking app received feature updates through March 2025.
▸Full profile — technology, go-to-market, geography, history, risks & controversies
Technology
A one-click checkout app that stores shopper details to complete purchases in a single step, and a consumer mobile banking app on Android providing microfinance bank account numbers, instant transfers and daily interest accrual. The app collects personal information, app performance data and device identifiers, encrypts data in transit, and states that no data is shared with third parties.
Go-to-market
Online merchants and their shoppers in Nigeria for the checkout product; retail banking customers for the personal banking app.
Geography
Operations centred in Nigeria, including a Lagos office on Victoria Island; the corporate entity behind the Google Play listing is registered at 16192 Coastal Hwy, Lewes, Delaware, United States.
History
The company was founded in 2020 under the legal name PARKCROWDY NIGERIA LIMITED by Gbeminiyi Laolu-Adewale, Rogers Mugisa and Samuel Chukwunonso Eze, and launched a one-click shopping app. It raised $1 million in a pre-seed round led by Tekedia Capital together with angel investors from Fortune 500 companies. Over roughly three years it went through three pivots. In June 2024 an email phishing incident preceded five unauthorised transfers from its VFD Bank account, four of which succeeded for a total of ₦25 million ($16,260); three exceeded the company's ₦5 million single-transaction cap. The then head of finance, Hencho Nwaegu, was arrested at the office on June 26, 2024, suspended the following day over fraud allegations he denied, and was found guilty of fraudulent conduct, negligence and policy violation by an internal committee whose conclusions were communicated on October 24, 2024; he disputed the process, alleging a conflict of interest because CEO Samuel Eze, whose own account had been compromised, led the inquiry. By the end of 2024 customers began reporting problems accessing deposits.
Risks & controversies
Coverage from September 2025 documents arrested staff, months of unpaid salaries, customers locked out of deposits, and unanswered regulatory questions following three pivots. A June 2024 phishing-driven breach resulted in four unauthorised transfers totalling ₦25 million ($16,260), with three exceeding the company's own ₦5 million per-transaction limit; the funds were not recovered, which the former head of finance attributed to a delay in contacting the bank. That employee was arrested without a warrant being presented, held without access to family or counsel for over 12 hours, questioned alongside the CEO at a police station, suspended, and later found culpable by an internal committee he alleged was conflicted; he sought intervention from the Nigerian Public Complaints Commission and said police investigation had been inconclusive and the complaint withdrawn. A company spokesperson described the episode as an internal security incident contained without impact to customer deposits, said law enforcement investigations were ongoing, and cited strengthened access controls and oversight. The company was awaiting a microfinance banking licence from the Central Bank of Nigeria at the time of the incident and did not comment on the internal investigation's outcome.
Compiled by commissioned research from 3 cited public sources — announcements, filings, and press listed under research sources below.
Key figures
latest reportedCompany-reported or press-reported figures, each dated to when it was claimed — not independently audited.
Timeline · 6
launches, deals, and filingsThe OurPass Personal Banking Android app, offering OurPass Microfinance Bank account numbers, instant transfers and daily interest on balances, was updated with logout controls, notification toggles, a responsive dashboard and improved navigation.
An internal committee concluded the former head of finance was guilty of fraudulent conduct, negligence of duty and policy violation; he contested the findings and alleged a conflict of interest in the inquiry.
OurPass formally suspended Hencho Nwaegu, citing recent allegations of fraud.
Police arrived at the OurPass office and arrested former head of finance Hencho Nwaegu in connection with the unauthorised transfers; he was suspended the next day over fraud allegations he denied.
A phishing email purporting to be a Central Bank of Nigeria circular led to compromised credentials; around 1 a.m. the following day five unauthorised transfers were attempted from the company's VFD Bank account, four succeeding for a total of ₦25 million ($16,260).
$16.3K source ↗
The company announced a $1 million pre-seed round led by Tekedia Capital alongside angel investors from Fortune 500 companies.
$1M source ↗
Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.
▸Research sources · 3
primary sources listed
- OurPass - Apps on Google Playplay.google.com · web
3 public sources were cited for this profile; the first-party ones are listed here.
Frequently asked questions
- What does OurPass do?
- Nigerian fintech that began as a one-click checkout product and moved into microfinance-style personal banking.
- Who founded OurPass?
- OurPass was founded by Samuel Eze in 2021.
- Who are OurPass's investors?
- OurPass's investors include Techstars, Tekedia Capital.
- Where is OurPass headquartered?
- OurPass is headquartered in Lewes, US.