SmartPay Finance has processed over four billion naira in transactions and recorded over 154,000 transactions across its platforms within one year of its operation in Nigeria.
The Founder and Group Chief Executive Officer (CEO) of SmartPay Finance, Odebode Samuel Aderogba, disclosed this in Ibadan during the unveiling of the company’s new office in Ibadan and the first anniversary of SmartPay.
The CEO noted that SmartPay, a subsidiary of Bictech Group Incorporation, offers a range of services including payments, transfers, loans, savings and more.
Aderogba stated that they aim to revolutionise financial services in Nigeria through innovative solutions that encourage financial inclusion, bridge the digital divide, and foster economic growth.
“By 2029, SmartPay aspires to grow into a multimillion-dollar enterprise, providing seamless, accessible, and secure financial services across Nigeria,” he added.
Aderogba further stated that the innovations and expansions that SmartPay has recorded within this short period are geared towards onboarding more than 10000 new customers and expanding its operations to financially underserved communities.
The SmartPay CEO noted that the fintech company was established with a bold mission to improve financial services, simplify access to finance, and meet the financial needs of the underserved.
“We began operation as a fintech company a year ago with under 200 customers and set out to achieve three core goals, which are brand acceptability, customer engagement, and profitability,” he said.
He added that within one year, with less than 200 pilot customers, the company has become a recognisable force within their targeted region, processing close to four billion naira in transactions and over 154,000 transactions across our platforms.
“This trajectory speaks volumes about our impact and potential solution. We have launched a targeted expansion plan to onboard a minimum of 10,000 customers between August 2025 and January 2026,” he said.
The SmartPay boss further said that with these statistics, the right time to come in as an investor is now. He revealed that an investor has committed to getting 1000 POS terminals to help scale our operations.
“We are using this opportunity to call on more local and international investors to help us shape the future of inclusive finance in underserved communities,” the CEO said.
At the event, leadership trainer Ayo Adekola spoke on ‘Building transgenerational organisation’. He said that most organisations in Nigeria and Africa are terminal organisations because many of them collapse within a short period, stressing that building businesses on a solid foundation matters.
Adekola said the reason organisations fail to be transgenerational is because of mismanagement, government policies, economic instability, and corrupt employees.
He advised Nigerian investors not to compromise on standards, and urged them to institutionalise success in their business or organisational operations, emphasising that success without a successor is a failure.
“SmartPlay, 100 years from now, will still be standing,” he added.
The chief commercial success officer of HorizonPay, Ibiyemi Okuwoga, said that customer care and technology are vital to the fintech sector, urging the CEO of SmartPay to leverage them to build the company.
