Industry News

PayPass wants to fund expansion across Africa

Nigerian online ticketing startup PayPass is looking to raise $250,000 (£190,000/€210,000) as it looks to enter South Africa and other regional markets.

The firm already has more than 10,000 users since its launch in May. It claims to have 2,000 regular users and more than 60 events listed.

According to the Disrupt Africa website, PayPass has designed a portal where users can create their own events, share them on social media and have their audience register and pay for tickets, with payments processed via third-party payment processor, Paystack.

Festivals, conferences and talks are among those events it is servicing.

“A standard event ticketing platform for Nigerians with a good user experience is our drive. Making ticket payments seamless is also a core feature,” co-founder Funsho Olaniyi told Disrupt Africa.

“We are currently focused on college events in Nigeria, though we hope to spread more with time.

“We charge a 10 per cent fee on paid tickets and nothing on free tickets. Event setup is free and easy, it can be done by anyone.”

PayPass told Disrupt Africa it is looking to raise $250,000 to rent physical space, produce branding materials, and expand into Ghana, Kenya and South Africa.

“For now, we are focused on our local community, which is easier reached by word of mouth. That is, we take as many events as we get, while gradually expanding our reach,” Olaniyi said.

“The funding will be majorly used for investment in college events, hiring new engineers and also for covering more ground by setting up advertising campaigns.”