They could have called you too - Introducing O-Wealth

Over the past weeks, I have pondered on how general personal savings in a bank could be better.

Rather than some money sitting there and losing its value still, is there no really something that could be done to take a part of funds out to somewhere away from the bank, though personal, yet not an investment, or some trading, and still with increased value, and linked with the bank. I figured out developing some innovative ideas with my tech allies. It wasn't long, this month really, that O-Pay, the Lagos Motorbike operating company, Gokada's major competitor of $5million and O-Ride $150million startup investment, introduced O-Wealth. Their idea is really not bad, because it was in alignment with what I thought about.

Although my account with them was funded, yet not used, they asked me if I can move it to their O-Wealth while it increased in its value. The minimum duration for their innovative cut-out is one year period, and users can save as low as n500 at 10% increased value. ($1 really). So if you save some 20,000 naira on O-Wealth app, you expect nothing less than 22,000 or more at the end of one year. I thought about this really.

People, although O-Wealth will indeed make lots of "wealth" from their app, yet it's a win win. Gokada has gone on operational strike due to technological reasons, while O-Pay is well functioning on the same technology.

Well, I hope the management of O-Ride, doesn't introduce O-Food soon.