What Jeroid does

Jeroid LTD is a Nigerian fintech platform founded in 2018 and headquartered at 194 Herbert Macaulay Way, Yaba, Lagos, operating a mobile-first application available on Google Play and the Apple App Store. The platform consolidates four financial services into a single consumer product: cryptocurrency trading (buy/sell/swap of Bitcoin, Ethereum, USDT, BNB, and additional assets), gift card redemption across 15+ international brands from 20+ countries, utility bill payments (airtime, data, electricity, internet, TV/cable, betting) through integrations with Nigeria's four major telcos, and OTC trading of unlisted digital assets through an agent-mediated E-Funds Chat feature. Underlying technology includes an MPC (Multi-Party Computation) custody wallet, mandatory KYC verification, two-factor authentication, real-time crypto and gift card rate calculators, and a customer support ticketing system; the platform is ISO 9001:2015 certified and GDPR-aligned.

Jeroid monetizes entirely through transaction-based fees on crypto trades, gift card redemptions, bill payments, and OTC flows — no subscription or tiered pricing is disclosed. Distribution is product-led via self-serve mobile app downloads, supported by a high-profile ambassador program featuring Nigerian artists (Pocolee, Zlatan Ibile, Caramel Plugg), social media presence, blog content marketing, and participation in industry events such as BlockFest 2025. The platform reports 300,000+ registered users, 200,000+ active users, and over $20M in monthly trading volume, with the primary customer base being long-tail individual Nigerian consumers seeking accessible, fast-settlement crypto, gift card, and bill payment services.

Name

Jeroid

Legal name

Jeroid LTD

Website

https://jeroid.co

Company type

Private

Founded year

2018

Operating status

Operating

Headcount range

11–50 employees

Short description

Jeroid is a Nigerian fintech mobile app that lets individual consumers buy, sell, and swap cryptocurrencies, redeem international gift cards for Naira, and pay utility bills, serving 300,000+ registered users across Nigeria since 2018.

Ownership category

akta.pro rank

Product category

Cryptocurrency Exchange and Digital Financial Services

NAICS

Securities and Commodity Exchanges (52321), Commodity Contracts Intermediation (52316)

SIC

Security & Commodity Brokers, Dealers, Exchanges & Services (6200), Finance Services (6199)

akta.pro primary industry

Digital Asset/Crypto Trade Execution Platforms (FSAFANAO)

akta.pro secondary industries

Digital Gift Cards, Vouchers & Stored-Value (Crypto) (FSADAIAN), Invoice, Billing & Subscription Payments (Crypto) (FSADAIAG), Crypto Payments & Stablecoin Settlement Platforms (BPAMAFAL)

Keywords

• Cryptocurrency trading
• Gift card redemption
• Utility bill payments
• Digital asset exchange
• OTC crypto trading

Headquarters

HQ city

Lagos

HQ country

Nigeria

HQ region

Africa

Offices1 record

Markets served

GTM type

B2C

Offering type

Software

Cost components

Technology or R&D, Marketing or Sales, Personnel, Operations, Infrastructure

Revenue model

1. Cryptocurrency Trading Fees: Platform charges transaction fees on cryptocurrency buy/sell/swap transactions. Users can trade Bitcoin, Ethereum, USDT, BNB and other supported cryptocurrencies.
2. Gift Card Redemption: Revenue from redeeming unused gift cards (Amazon, Apple, Steam, Google Play, Visa, Sephora, Nike, Walmart, eBay, Best Buy, Xbox, PlayStation, Netflix, American Express, RazerGold, and others) for cash in local currency. Trades completed within 10-15 minutes.
3. Utility Bill Payments: Commissions or fees from processing airtime top-ups, data purchases, electricity bills, internet bills, TV/cable bills, and betting payments through partnered telecom providers.
4. OTC/E-Funds Trading: Fees from over-the-counter transactions for unlisted/unofficial digital assets through the E-Funds Chat feature with personalized agent assistance.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels6 records

Core offering

Jeroid operates a mobile-first Nigerian fintech platform that enables individual users to trade cryptocurrencies (Bitcoin, Ethereum, USDT, BNB), redeem international gift cards for Naira, pay utility bills (airtime, data, electricity, internet, TV/cable, betting), and conduct OTC transactions for unlisted digital assets through agent-assisted chat. The platform combines crypto trading, gift card exchange, and bill payments in a single app with an MPC custody wallet, 2FA, and KYC verification, processing over $20 million in monthly trading volume for 300,000+ registered users.

Product overview

Jeroid is a Nigerian fintech platform offering a unified ecosystem of financial services centered around cryptocurrency trading, gift card redemption, and utility bill payments. The core platform consists of Digital Assets (crypto trading) as the primary offering, complemented by Gift Cards redemption for unused cards, Utility Bills payment for airtime/data/bills, and E-Funds (OTC chat trading) for unlisted assets. Additional features include a Savings wallet, Crypto Calculator, Gift Card Calculator, and 24/7 customer support with ticketing system. The platform processes over $20 million in monthly trading volume and serves 300,000+ registered users.

Differentiator

Problem solved

Functional benefit

Products and services

• Digital Assets (Crypto Trading) A cryptocurrency trading service for Nigerian individual users enabling them to buy, sell, send, receive, store, and swap digital assets including Bitcoin, Ethereum, USDT, and BNB with Two-Factor Authentication, KYC verification, and MPC custody wallet security.
• Gift Cards A gift card redemption service allowing Nigerian users to convert unused gift cards from brands including Amazon, Apple, Steam, Google Play, iTunes, Visa, Nike, Walmart, Sephora, eBay, Best Buy, RazerGold, American Express, Xbox, PlayStation, Netflix, Adidas, Home Depot, and Vanilla into Naira with settlements completed within approximately 10-15 minutes.
• Utility Bills Payment A bill payment service enabling Nigerian consumers to pay airtime, data, electricity, internet, TV/cable, and betting subscriptions through partnered providers including MTN, Airtel, Glo, and 9Mobile.
• E-Funds (Trade Chat) An OTC (over-the-counter) trading feature enabling users to buy or sell unlisted cryptocurrency assets through real-time chat with Jeroid agents, providing personalized trading for assets not available on traditional exchanges.

Quantifiable outcome

• 15-minute trade completion for gift card redemptions
• +4 more outcomes

Named customers4 records

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration27 records

AI capability2 records

Feature7 records

Partnerships

Four partnerships are on record, tiered core.

• MTN NigeriacoreOthersPartnership with MTN Nigeria for airtime and data purchase services through the Jeroid platform. Users can buy MTN airtime and data plans at subsidized rates through the utility bills payment feature.
• Airtel NigeriacoreOthersPartnership with Airtel Nigeria for airtime and data purchase services. Jeroid platform enables users to pay Airtel bills and purchase airtime/data plans conveniently.
• Glo NigeriacoreOthersPartnership with Glo Nigeria for utility bill payment services. Users can purchase Glo airtime and data through the Jeroid platform.
• 9mobile NigeriacoreOthersPartnership with 9mobile Nigeria for airtime and data purchase services. Jeroid provides 9mobile subscribers the ability to pay bills and purchase airtime/data through the app.

Scale indicators5 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Yellow Card: Pan-African cryptocurrency exchange offering buy/sell of major cryptos and stablecoins across Nigeria, Kenya, South Africa, and other markets. Closest direct competitor with similar mobile-first retail crypto trading focus and overlapping African geographic footprint.
• Quidax: Nigerian cryptocurrency exchange and digital asset platform offering retail and API-based trading. Directly competes with Jeroid in the Nigerian crypto trading segment with similar customer base of retail traders.
• Patricia: Nigerian fintech platform offering crypto trading, gift card trading, and bill payments. Closely mirrors Jeroid's multi-product positioning and target customer, serving the same Nigerian retail segment.
• Busha: Nigerian cryptocurrency exchange platform focused on retail and OTC trading. Direct competitor in the Nigerian crypto market with overlapping product set including OTC and wallet services.
• NoOnes: P2P cryptocurrency trading platform with strong Nigerian user base enabling direct peer-to-peer crypto exchange. Competes for the same Nigerian retail crypto traders with P2P-first model.
• Paxful: Global P2P crypto marketplace with historically strong Nigerian presence. Directly competes for Nigerian retail crypto traders through its P2P Naira marketplace, though operations have contracted.

Broad incumbents

• Luno: Global cryptocurrency exchange with established Nigerian operations offering crypto trading and education. Larger, more capitalised competitor operating in Nigeria with broader global brand but similar retail crypto trading offering.
• Binance: Global cryptocurrency exchange with significant Nigerian P2P Naira liquidity. While not a pure local platform, Binance's P2P marketplace is the dominant channel for crypto/Naira trading in Nigeria and competes directly for Jeroid's users.

Emerging players

• Chipper Cash: Pan-African fintech with crypto trading features integrated into its broader cross-border payments app. Competes in adjacent African fintech rails with growing crypto offering that could overlap with Jeroid's bill payment and trading services.
• Bundle (by Nestcoin): African social payments and crypto trading app serving Nigeria and other African markets. Competes with Jeroid in the Nigerian retail crypto trading segment with a mobile-first consumer focus.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/jeroidng
• LinkedInlinkedin.com/company/jeroidngltd
• Instagraminstagram.com/jeroidng
• Facebookfacebook.com/jeroidngltd

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Jeroid