Three young Nigerian entrepreneurs have opened the public waitlist for ChatPay, a conversational banking platform they say is designed to simplify financial transactions by enabling users to send money, pay bills and buy airtime directly within WhatsApp.
The founders, Adeoluwasubomi Odebunmi, Aseoluwa Siyanbola and Abraham William, said they created the Lagos-based fintech startup after experiencing the everyday frustrations associated with traditional banking services, including failed transfers, app downtime and cumbersome payment processes.
Operated by CP Technology Limited and headquartered on Ikorodu Road, Maryland, Lagos, ChatPay is currently in a controlled rollout and is working with licensed banking partners as it moves toward a full public launch.
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According to the company, the platform is being developed to allow individuals and businesses to carry out financial transactions without leaving a WhatsApp conversation.
Speaking on the inspiration behind the product, Adeoluwasubomi Odebunmi, Product Lead and Co-Founder of ChatPay, said the idea was
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