# OnePipe.io Services

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/onepipe-io-services

- Industry: Financial Services
- Headquarters: Lagos, Nigeria
- Website: www.onepipe.io
- Total disclosed funding: $4.5M
- Latest round: Seed (Nov 24, 2021)
- Investors on record: 17

## About

OnePipe.io Services Limited, based in Nigeria, provides innovative Banking-as-a-Service solutions that enable businesses to seamlessly integrate financial services into their operations, enhancing transaction efficiency and user experiences.Founded in 2018 and headquartered in Lagos, Nigeria, OnePipe.io Services Limited specializes in Banking-as-a-Service solutions. The company has executed 4 deals, with its most recent funding round, a VENTURE DEBT round, raising USD 4.80 mn from TLG Capital on March 17, 2023, contributing to a total amount raised of USD 3.50 mn.OnePipe specializes in providing Banking-as-a-Service (BaaS) solutions, enabling businesses to integrate financial services seamlessly into their operations. The core product offerings include the automatic generation of unique USSD codes for transactions, allowing customers to make payments without the need for coding or complex integrations. OnePipe’s infrastructure supports features such as instant transfers, recurring payments, and the management of customer consent for financial transactions. Their solutions cater to a variety of end users, including distributors who can enhance customer loyalty through managed credit lines that grow with each purchase. The company serves a diverse clientele across multiple geographical markets, offering tailored financial solutions to businesses in Nigeria and potentially expanding into other West African countries.OnePipe generates revenue through various transactional models, focusing on partnerships with businesses that integrate their financial service features into existing platforms. The company’s transaction structure includes direct B2B interactions, where businesses leverage OnePipe’s APIs to access services like credit facilities, payment processing, and account management. Specific pricing structures are associated with these services, but detailed costs for individual products are not disclosed. For instance, businesses utilizing OnePipe's managed credit offerings may incur charges based on transaction volumes or service subscriptions. This multi-faceted approach to revenue generation allows OnePipe to capitalize on the growing demand for embedded financial services among both retailers and consumers, fostering a comprehensive ecosystem for financial transactions.In March 2023, OnePipe.io Services Limited raised USD 1 mn in VENTURE DEBT funding from new investor TLG Capital. The company plans to utilize this funding to support its growth initiatives, with a goal of becoming Nigeria's top provider of financial services to small businesses. Specific upcoming products are in development, and OnePipe is targeting expansion into other West African markets by leveraging its existing infrastructure and partnerships.

## Funding rounds

- Seed, Nov 24, 2021, $3.5M — Canaan Partners, Techstars, DFS Lab, Norrsken VC, Ingressive Capital, Tribe Capital, Everywhere Ventures, Raba, Two Culture Capital, Saison Capital, Atlantica Ventures, P1 Ventures, Acuity Venture Partners, V&R Associates
- Seed, Dec 16, 2020, $0.9M — Techstars, Future\Perfect Ventures, DFS Lab, Ingressive Capital, Raba, Atlantica Ventures, P1 Ventures, Zedcrest, Sherpa Africa Partners

## Investors

- Techstars (https://capitalatlas.ai/funds/techstars) — Seed
- Future\Perfect Ventures (https://capitalatlas.ai/funds/future-perfect-ventures) — Seed
- DFS Lab (https://capitalatlas.ai/funds/dfs-lab) — Seed
- Ingressive Capital (https://capitalatlas.ai/funds/ingressive-capital) — Seed
- Raba (https://capitalatlas.ai/funds/raba) — Seed
- Atlantica Ventures (https://capitalatlas.ai/funds/atlantica-ventures) — Seed
- P1 Ventures (https://capitalatlas.ai/funds/p1-ventures) — Seed
- Zedcrest (https://capitalatlas.ai/funds/zedcrest) — Seed
- Sherpa Africa Partners (https://capitalatlas.ai/funds/sherpa-africa-partners) — Seed
- Canaan Partners (https://capitalatlas.ai/funds/canaan-partners) — Seed
- Norrsken VC (https://capitalatlas.ai/funds/norrsken-vc) — Seed
- Tribe Capital (https://capitalatlas.ai/funds/tribe-capital) — Seed
- Everywhere Ventures (https://capitalatlas.ai/funds/everywhere-ventures) — Seed
- Two Culture Capital (https://capitalatlas.ai/funds/two-culture-capital) — Seed
- Saison Capital (https://capitalatlas.ai/funds/saison-capital) — Seed
- Acuity Venture Partners (https://capitalatlas.ai/funds/acuity-venture-partners) — Seed
- V&R Associates — Seed