The popular Nigeria Fintech startup has announced the suspension of its business operation in Nigeria according to their twitter page. The company whigh launched in late 2018 has its Mobile Application which include Oride and OTrike and recently added its E-commerce platforms OMall and OTrade and OFood for food delivery.
A statement from the twitter page of the company reads
‘We can confirm that some of our business units including the ride-hailing services, ORide, OCar, as well as our logistics service OExpress will be put on pause. This is largely due to the harsh business conditions which have affected many Nigerian companies, including ours, during this COVID-19 pandemic, the lockdown, and government ban’.
It also reads that OMall and OTrade and other services will still be available for customers usage. The company has also admitted and given reasons to the public that the economic impact of the Coronavirus Pandemic has contributed to the suspension. The company also noted it’s payment Platforms OPay and OKash will be available while the company finds a way out. The fintech startup is been looked up to, to see how strong they can become in the nearest future after profiting from the country in the past few months.