Campuspay

What Campuspay does

Campuspay is a Nigerian fintech operating as a subsidiary of Cycuit Limited, headquartered in Ota, Ogun State, and founded in 2021 by student leaders from the Federal University of Agriculture, Abeokuta (FUNAAB). The company builds a self-serve payment and operations platform purpose-built for Nigerian university campuses, serving student associations, campus businesses, freelancers, and individual students. Its primary use cases are dues collection, event ticketing, vendor invoicing, and small-ticket peer-to-peer payments inside campus ecosystems.

The product is a bundled SaaS suite rather than a single feature. It includes a Business Account, hosted Payment Pages, shareable Payment Links, Event Management and ticketing, Invoice Management, Reprint Receipts, security features, and Team Collaboration tooling. Settlement is routed through NDIC-insured financial institution partners, which provides the regulatory and custodial backbone for the platform. Campuspay's go-to-market is product-led and self-serve, amplified by a student ambassador program and a referral scheme that pays 1% commission. Disclosed traction includes more than 1 million cumulative transactions processed, more than 50 partners onboarded, and 98% customer satisfaction.

The business model is a per-transaction monetization: Campuspay charges a 3.5% fee on each payment, floored at NGN 50 and capped at NGN 3,000 (~USD 2), plus referral commissions on referred volume. The cap structure suggests a deliberate design choice to keep fees affordable for high-ticket campus events while still monetizing the long tail of small dues and ticketing payments. The company operates with a lean team of 1-10 employees and has not disclosed any external funding to date.

Name

Campuspay

Legal name

Campuspay

Website

https://campuspay.ng

Company type

Private

Founded year

2021

Operating status

Operating

Headcount range

1–10 employees

Short description

Campuspay is a Nigerian campus-focused payment processor and Cycuit Limited subsidiary, founded in 2021 by FUNAAB student leaders. It offers a self-serve fintech suite — payment pages, invoicing, event ticketing, and business accounts — to student associations, campus businesses, freelancers, and students across Nigerian universities, charging 3.5% per transaction.

Ownership category

akta.pro rank

Product category

Online Payment Processing

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232), Educational Support Services (611710)

SIC

Services-Computer Processing & Data Preparation (7374)

akta.pro primary industry

Payments, Cashiering & Payment Plans (EDALAJAE)

akta.pro secondary industry

Student Billing, Invoicing & Account Statements (EDALAJAC)

Keywords

• Campus payment processing
• Student organization payments
• Online payment gateway
• Event ticketing platform
• Invoice management software

Headquarters

HQ city

Ota

HQ country

Nigeria

HQ region

Africa

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

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

Revenue model

1. Transaction Fees: Campuspay charges 3.5% per transaction on every payment received by businesses, floored at NGN 50 and capped at NGN 3,000. This is the primary revenue stream from processing payments on the platform.
2. Referral Commissions: Users earn 1% of Campuspay's transaction fees when their referred friends collect payments, creating a referral-based revenue sharing model for customer acquisition.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels4 records

Core offering

Campuspay is a digital payment processing platform built specifically for Nigerian university campuses, enabling student organizations, campus businesses, freelancers, and students to send and receive payments online. The platform combines customizable Payment Pages, shareable Payment Links, Event Ticketing, and Invoice Management under a single wallet-backed Business Account, with settlement into local bank accounts on the next business day. Transactions are processed at a flat 3.5% fee, with no minimum balance or monthly maintenance charges.

Product overview

CampusPay is a single-platform payment solution built specifically for the Nigerian campus ecosystem. The core product portfolio centers on a digital business account that enables payment collection through customizable payment pages and payment links, complemented by event ticketing and invoice management modules. Additional features include a referral program for earning commissions, receipt reprinting, and team collaboration tools with role-based permissions. All services share a unified dashboard and wallet system, with transactions processed at a flat 3.5% fee capped between NGN 50 and NGN 3,000.

Differentiator

Problem solved

Functional benefit

Products and services

• Business Account Digital business account designed for campus-based businesses, student organizations, and freelancers to manage finances, track transactions, and receive automatic settlements into local Nigerian bank accounts on the next business day. Includes no minimum balance and no monthly maintenance fees.
• Payment Pages Customizable, mobile-friendly payment pages that allow businesses and student organizations to collect online payments for association dues, donations, ticket fees, contributions, and other purposes, with real-time notifications and acceptance of all major cards.
• Payment Links Generated unique URLs that businesses and campus users can share via social media, email, or messaging to receive online payments without requiring a website.
• Event Management Comprehensive event ticketing platform that enables campus organizations and businesses to create, manage, and sell tickets for physical and virtual events, with customizable event pages, online ticket sales, attendee management, and check-in capabilities integrated with payment processing.
• Invoice Management Professional invoicing solution that allows businesses to create, send, and manage invoices with automatic reconciliation, payment reminders, and real-time tracking of paid and unpaid invoices.

Quantifiable outcome

• Processing over 1 million transactions
• +2 more outcomes

Named customers2 records

Segments4 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Two partnerships are on record, tiered core.

• Cycuit LimitedcoreOthers · 1 January 2021Campuspay is a subsidiary of Cycuit Limited, the parent company that owns and operates the Campuspay brand and platform.
• Licensed Financial InstitutionscoreTechnology or IntegrationMoney is safeguarded by licensed financial institutions. NDIC Insurance provided through partner bank for deposit protection.

Scale indicators3 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Moniepoint: Moniepoint (formerly TeamApt) is a Nigerian merchant payments and banking platform serving SMEs with POS, payments, and business accounts. It overlaps CampusPay's SMB payment acceptance and merchant wallet value proposition in Nigeria.
• SeerBit: SeerBit is a Nigerian payment gateway offering cards, transfers, USSD and business tools for SMEs and developers. It competes with CampusPay on payment processing, invoicing, and merchant onboarding within the Nigerian market.
• Flutterwave: Flutterwave is a leading pan-African payment processor supporting cards, transfers, USSD, and cross-border settlements across multiple markets. It overlaps CampusPay's transaction processing and invoicing offerings while serving a much broader geographic and customer footprint.
• Squad (by Sterling Bank): Squad is a Nigerian digital banking and payments platform for individuals and SMEs that includes payment links, invoicing and USSD flows. It is comparable as a Nigeria-focused SMB/individual payment gateway competing with CampusPay's payment pages, links and invoicing suite.
• Paystack: Paystack is a Nigerian payment processor (now owned by Stripe) offering cards, transfers, USSD and subscription billing to Nigerian businesses. It competes directly with CampusPay's core payment pages and invoicing capabilities, but at a broader, non-vertical SMB focus.

Broad incumbents

• Paga: Paga is a Nigerian mobile money and payment platform offering merchant collections and consumer payments. It overlaps CampusPay on merchant payment acceptance and serves as a broader incumbent alternative for campus payment flows.
• OPay: OPay is a major Nigerian mobile money and merchant payments platform offering transfers, cards, and merchant tools. It overlaps CampusPay's mobile-friendly payment pages and USSD-driven campus payment flows at a much larger scale.
• Remita: Remita is a Nigerian payment and collections platform widely used for school fees and institutional billing. It overlaps CampusPay on the campus payment and bursar-style collection use case, but serves a broader enterprise/institutional base.
• Interswitch: Interswitch is a large Nigerian payments and digital commerce infrastructure provider with cards, gateways, and consumer wallets. It is a broad incumbent whose gateway and bill payment products overlap with CampusPay's processing capabilities at scale.

Emerging players

• Stitch (South Africa): Stitch is a South Africa-based fintech offering payment, identity, and financial data APIs for consumer-facing businesses. It is comparable as an emerging payments infrastructure player targeting app-driven businesses that may eventually expand across Africa.

Market position

Strengths1 record

Weaknesses5 records

Competitive moat4 records

Key risks7 records

Key highlights7 records

Customer concentration

• Xx.com/usecampuspay
• Facebookfacebook.com/usecampuspay

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 Campuspay