Kwikpik

What Kwikpik does

Kwikpik is a Nigerian fintech platform that combines automated bill payment, a multi-currency wallet, and on-demand logistics inside a single mobile application. Founded in 2023 and headquartered in Lagos, the company serves individual consumers and small businesses who need to schedule recurring payments for electricity, telecom, cable TV, and streaming services, send and receive money locally and across borders, and store value in either Nigerian Naira or stablecoins (USDC, USDT, DAI). Kwikpik originally launched as a logistics and delivery-as-a-service platform and pivoted within its first year toward everyday finance after identifying payment friction — failed transactions and missed obligations — as the deeper user pain point.

The platform is built on the Hedera distributed ledger and offers a non-custodial cryptocurrency wallet, meaning users retain control of their private keys. Kwikpik does not hold or custody user fiat or crypto balances; banking and payment processing are provided by regulated partners (Nombank, Paystack, Flutterwave), with fiat deposits insured by the Nigeria Deposit Insurance Corporation (NDIC). Core capabilities include automated recurring bill execution, real-time package tracking with map-based rider position, distance-based delivery pricing, virtual card issuance, and on/off-ramp conversion between fiat and stablecoins. A Business API and dashboard extend these capabilities to enterprise developers, e-commerce platforms, and merchants. The company holds NDPR certification in Nigeria, is licensed for logistics by NIPOST, and is registered as a Money Services Business with FINTRAC in Canada (C10001540).

Kwikpik generates revenue from multiple streams: transaction fees on transfers and bill payments, marketplace commissions on food and grocery sales, distance-based logistics and delivery charges, virtual card issuance and cross-border transaction fees (2.3% TPV plus $0.50 per cross-border transaction, with chargeback, float funding, and tokenization fees), crypto swap and on/off-ramp spreads, subscription or usage-based billing for Business API access, and transit insurance premiums. Distribution runs through Google Play and the Apple App Store for consumers, with a dedicated business portal for enterprise integrations. The company is privately held (legal entity KWIK PIK LIMITED) and publicly backed by Techstars and the Bill & Melinda Gates Foundation, with a self-reported user base described as 'thousands.'

Name

Kwikpik

Legal name

KWIK PIK LIMITED

Website

https://kwikpik.io

Company type

Private

Founded year

2023

Operating status

Operating

Headcount range

11–50 employees

Short description

Kwikpik is a Nigerian fintech super-app offering a multi-currency wallet (Naira, USDC, USDT, DAI) with automated bill payments, money transfers, on-demand logistics, and a business API. Founded in Lagos in 2023, it serves consumers and small businesses with stablecoin-powered everyday finance.

Ownership category

akta.pro rank

Product category

Mobile Payment Platform

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232)

SIC

Finance Services (6199)

akta.pro industry

PRIMARYFSAGAAAD

Digital Wallets & Account Aggregation Hub (Multi-account, Stored Value)

Financial & Insurance/Financial Technology (Fintech)/Digital Banking & Neobanking Platforms

SECONDARYBPAMAFAC

Digital Wallet Platforms (Consumer & Merchant)

Business & Public Services/Web, Mobile & Digital Platforms/Payments, Wallets & Digital Banking Platforms

SECONDARYBPAMAFAL

Crypto Payments & Stablecoin Settlement Platforms

Business & Public Services/Web, Mobile & Digital Platforms/Payments, Wallets & Digital Banking Platforms

SECONDARYFSADAIAA

Crypto Payment Gateways & Checkout APIs

Financial & Insurance/Crypto & Digital Assets/Payments, Merchant Acquiring & Remittances (Crypto)

Keywords

• Mobile payment wallet
• Bill payment automation
• Stablecoin payments
• Cryptocurrency wallet
• Delivery logistics services

Headquarters

HQ city

Benin City

HQ country

Nigeria

HQ region

Africa

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Software

Cost components

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

Revenue model

1. Payment Processing and Transaction Fees: Fees charged for processing payments, fund transfers between accounts, and external bank transfers. Transaction fees vary based on transfer type, amount, and destination. International transfers may incur additional correspondent banking fees.
2. Marketplace Commission: Commission fees charged to merchants on successful sales through the marketplace platform for food, groceries, and farm produce. Rates vary by product category and merchant tier.
3. Logistics and Delivery Fees: Delivery charges calculated based on distance, package size and weight, delivery speed selected, insurance coverage, and prevailing market rates. Business logistics services may include bulk shipping and inventory management features.
4. Virtual Card Services: Fees for virtual card issuance including card creation fees, cross-border transaction fees (2.3% TPV plus $0.50 per transaction), chargeback fees ($50 USD or N100 Naira), unsettled authorization fees, float balance funding fees (1.25%), and tokenisation costs (0.17% per purchase).
5. Cryptocurrency Services: Revenue from on-ramp and off-ramp conversion services, swap operations, and cryptocurrency wallet transactions. Includes network fees, spread charges, protocol fees from decentralized exchanges, and Kwikpik service fees.
6. API and Business Dashboard Services: Monthly or usage-based billing for business dashboard and API services, calculated based on transaction volume, API calls, active users, or subscription tier selected.
7. Insurance for Goods in Transit: Insurance premiums for coverage of goods during transportation, protecting customers against loss, damage, theft, or other covered perils.

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels6 records

Core offering

Kwikpik operates a multi-currency mobile wallet app that enables users to schedule and automate recurring bill payments (electricity, cable TV, mobile data, subscriptions), send and receive money globally, and hold or transact in both fiat (Naira) and stablecoins (USDC, USDT, DAI) via a non-custodial wallet built on the Hedera blockchain. The platform extends into on-demand point-to-point delivery with real-time tracking and a merchant marketplace for food, groceries, and farm produce, and offers a Business API and dashboard for enterprises and developers to integrate delivery and payment services.

Product overview

Kwikpik is a comprehensive super-app platform combining fintech, logistics, and mobile commerce services. The core offering centers on the Kwikpik App — a multi-currency wallet that integrates bill payment automation, global money transfers, and stablecoin management. The platform operates on a modular architecture comprising: core wallet services (Multi-Wallet Account, Non-Custodial Wallet, Bill Payment); logistics services (On-Demand Delivery, Live Tracking, Delivery Calculator); commerce features (Food Ordering, Grocery & Farm Produce, Kwikpik Merchants, Kwikpik Riders); business solutions (Business API, Business Dashboard); and financial instruments (Virtual Cards, On-Ramp/Off-Ramp, Swap Services). The ecosystem is unified through a single mobile application with additional web-based dashboards for business users, and is built on blockchain infrastructure for security and transparency.

Differentiator

Problem solved

Functional benefit

Products and services

• Kwikpik App A multi-currency mobile wallet application for individual consumers that enables automated bill payments, global money transfers, on-demand delivery, food/grocery ordering, and management of both fiat (Naira) and stablecoin (USDC, USDT, DAI) assets from a single interface, available on Google Play and Apple App Store.
• Bill Payment Automation Automated recurring bill payment service supporting electricity distributors, mobile data and airtime (MTN, GLO), cable TV subscriptions (DSTV, GOtv, Startimes), and streaming services (Netflix), with scheduled execution and confirmation to eliminate missed deadlines and service cut-offs.
• On-Demand Delivery Point-to-point Delivery-as-a-Service (DaaS) for instant package and order fulfillment with real-time tracking, distance and weight-based pricing, matching to nearby available riders, and insurance coverage for goods in transit; serves e-commerce sellers, restaurants, pharmacies, event planners, and individual senders.
• Business API Application Programming Interface enabling third-party developers and businesses to integrate Kwikpik's delivery coordination, payment processing, order tracking, customer management, and analytics capabilities into their own applications; supports creating deliveries, tracking orders, and handling payments through a single integration, with monthly or usage-based billing.
• Business Dashboard Web-based merchant portal providing payment collection tools, customer management, transaction monitoring, delivery creation, and business analytics for merchants and businesses registered on the Kwikpik platform.
• Virtual Cards Digital payment cards issued through partner financial institutions for online transactions in USD and Naira, with disclosed fees for card creation, cross-border transactions (2.3% TPV + $0.50), chargebacks ($50 USD or N100 Naira), unsettled authorizations, float balance funding (1.25%), and tokenisation (0.17% per purchase).
• Kwikpik Merchants Merchant marketplace platform enabling vendors to list products, manage inventory, process orders, and access integrated payment and delivery services for categories such as food, groceries, and farm produce, with commission rates varying by product category and merchant tier.
• Kwikpik Riders Delivery personnel network enabling independent contractors (riders) to provide on-demand delivery services through the Kwikpik platform, with onboarding, live tracking, and payment processing for completed deliveries.
• On-Ramp / Off-Ramp Services Fiat-to-cryptocurrency and cryptocurrency-to-fiat conversion services enabling users to fund wallets with Naira or convert digital assets (USDC, USDT, DAI) to local currency, integrated with third-party providers and decentralized protocols, with associated network fees, spread charges, and protocol fees.
• Swap Services Cryptocurrency exchange functionality allowing users to swap one digital asset for another through decentralized protocols or third-party liquidity providers integrated into the Kwikpik wallet.

Quantifiable outcome

• Near-instant transfers for both stablecoins and local currency
• +3 more outcomes

Named customers7 records

Segments6 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

Feature8 records

Partnerships

Seven partnerships are on record, tiered core and regional.

• HederacoreTechnology or IntegrationKwikpik is built on the Hedera distributed ledger network, leveraging its blockchain infrastructure for transparent, immutable transactions. The partnership provides the technical foundation for Kwikpik's DePin (Decentralized Physical Infrastructure) initiatives in Africa.
• Edo State GovernmentregionalStrategic or Co-development PartnerRegional government partnership in Nigeria, potentially supporting local fintech adoption, logistics infrastructure, or financial inclusion programs in Edo State.
• Co-Creation HubregionalStrategic or Co-development PartnerNigerian innovation hub providing startup support, mentorship, and ecosystem development. Partnership likely supports product development and market expansion.
• NombankcoreTechnology or IntegrationPrimary banking partner providing regulated financial services including payment processing, virtual accounts, transfers, and digital wallet functionality. Regulated by CBN and insured by NDIC.
• PaystackcoreTechnology or IntegrationPayment processing partner integrated into Kwikpik's fintech infrastructure. Paystack is a Nigerian fintech company providing payment processing services, now part of Stripe.
• FlutterwavecoreTechnology or IntegrationPayment processing partner for fintech services. Flutterwave is a Nigerian fintech company providing payment infrastructure across Africa.
• Nigerian Postal Service (NIPOST)coreImplementation/ SI/ Consulting PartnerRegulatory partner for logistics services. Kwikpik's last-mile logistics services operate under NIPOST licensing and regulation, providing official regulatory oversight for delivery operations.

Scale indicators4 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• Flutterwave: Pan-African payment infrastructure provider. Flutterwave is simultaneously a Kwikpik partner (payment processing) and a broad incumbent whose merchant APIs overlap with Kwikpik's Business API offering.
• Paystack: Nigerian payment gateway owned by Stripe. Paystack is a core Kwikpik partner and a broad incumbent whose checkout APIs overlap with Kwikpik's payment collection use cases.

Direct peers

• Chipper Cash: Pan-African cross-border payments app with wallet and bill payment functionality. Chipper Cash is comparable in its cross-border stablecoin-anchored transfers and pan-African ambition.
• Carbon (formerly Paylater): Nigerian digital bank offering payments, bill pay, savings, and credit. Carbon overlaps directly with Kwikpik's bill payment and wallet features for individual consumers.
• Kuda Bank: Nigerian neobank offering multi-currency accounts, bill payments, transfers, and cards. Kuda is comparable in the digital-banking/wallet category but is a licensed bank rather than a non-custodial crypto wallet.
• Bitnob: African Bitcoin and stablecoin platform for savings, payments, and remittances. Bitnob competes with Kwikpik on stablecoin-powered cross-border and everyday payments for African users.
• Yellow Card: African cryptocurrency on/off-ramp and stablecoin payments platform. Yellow Card overlaps with Kwikpik's stablecoin on-ramp/off-ramp and crypto swap services across the continent.
• PalmPay: Nigeria-focused mobile wallet with bill payments, transfers, and merchant services. PalmPay competes directly with Kwikpik's core bill-pay and consumer wallet proposition, with similar product-led growth mechanics.
• OPay: Nigerian super-app offering mobile wallet, bill payments, money transfer, merchant payments, and ride-hailing. OPay is Kwikpik's closest direct competitor across the consumer wallet and bill-pay surface, and has significantly larger scale and funding.

Emerging players

• Patricia: Nigerian crypto exchange and gift card platform with consumer payments overlap. Patricia is comparable in the Nigerian crypto consumer space but is more exchange-focused than wallet-focused.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/getkwikpik
• YouTubeyoutube.com/@kwikpik
• Facebookfacebook.com/kwikpik.io
• LinkedInlinkedin.com/company/pikup-cc
• Instagraminstagram.com/kwikpik.io
• TikToktiktok.com/@kwikpik.io

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

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 Kwikpik