Digital Banking and Financial Performance Review
HabariPay (Squad)
squad
by HabariPay
Business: Payments
Licenses: Switching &
Processing (CBN), VAS (NCC)
Started Operations: Jun-22
Location: Lagos
Employees: 46
Target Segments: Micro
merchants; SMEs; Large
Corporates; Techstars
Start-up Capital: N3.1bn
Revenue (Dec-22 YTD, 6
months): N1.52Bn*
PBT (Dec-22 YTD, 6 months):
N926mm*
Key milestones:
Profitable from month 1
Crossed N200bn in monthly
transactions in Jan-23
Key Products
P
SquadPOS enables
merchants to accept
card payments with the
NFC-enabled mobile
devices
squad
Card
Bank
U300
boo 0000 0000 0000
GRO DIFFY SITE
MMYY
Pay NON.000.no
al.com
2,000.00
Squad Gateway
enables merchant
websites to accept card
(local and international),
USSD and transfer
payments
Virtual Account
0741427669
Is your dedicated GTB Virtual Account
for your business
Squad Virtual Account
provides a dedicated
virtual account number
for fast and easy
transfers, with instant
confirmations
Merchant Acquiring Transaction Growth (Value)
Gateway & Switching: N139.3bn (avg. 1,398% monthly growth rate)
International Payments: $175,927 (avg. 3,187% monthly growth rate)
Squad Switching
enables swift and
efficient transaction
processing across
partner institutions
#49,551.9 mm
$31,285
$25,512
N4.3 mm
N19.1 mm
N69.8
#136.4 mm
N678.0 mm
$4,610
$2
$344
Jun-22
Jul-22
Aug-22
Sep-22
Oct-22
Nov-22
$21,138
Habari Pay
merchant
A
0
000
Value Added Services
includes USSD payment
services, airtime
vending, network
transaction notification
services
N88,824.6 mm
$93,036
Dec-22
*Figures shown are unaudited.
Gateway & Int'l Payment
Switching
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