Zoto
A mobile airtime recharge app.
Description
Zoto was Nigeria's leading mobile phone recharge solution. Zoto provided users with the fastest & safest way to recharge their mobile phone in Nigeria.
Legal Name
-
Former Legal Name(s)
-
Company Reputation
-
Entity Type
Private limited company
Ownership Status
-
Operational Status
Inactive
Founded Date
28 May 2015
Operational Duration
3 years
Shutdown Date
2018
Last Financing Round
-
Total Raised
-
Last Financing Date
-
No. of Funding Round(s)
-
No. of Investor(s)
-
No. of Employees
10 - 50
Total Revenue
-
Post-money Valuation
-
Market Capitalization
-
Stage of Development
Development
Transactional Model Type
B2C
Defensibility Moats
User networks, Procedural knowledge,
City
Lagos
State/Province
Lagos
Country
Nigeria
Industry
Internet
Categories
FinTech, Financial Services, Banking,
- Poor Product
- Zoto claimed to be an app that could easily make recharges and pay utility bills, which several banking apps already had that kind of option before Zoto arrived.
- While not unique, what made them stand out was Zoto offered something several banking apps couldn’t, which was free airtime recharge.
- With Zoto app, users could get 50% back while recharging and the cashback can be used for future transactions.
- According to TechPoint, it was not entirely clear what happened to Zoto, but the problem started to arise in May 2018.
- Users issued complaints about their inability to transact on the app, and some even lose money in the process.
- However, Zoto customer service did not respond to any of its users' complaints.
- TechNext stated in their article that Zoto had suffered challenges to its service long before it stopped functioning, Zoto users constantly complained about the app for its several disruptions and anomalies.
Poor product quality.
Note: Direct competitors are defined by similarity score of more than 40%, while similar companies are defined by similarity score of less than 40%
| No. | Image | Name | Similarity score | Description | Industry | Categories | Location | Ownership status | Entity type | Stage of development | Transactional model type | Defensibility moats | Last financing round | Total raised | Post-money valuation | Last financing date | No. of funding round(s) | No. of investors | Investors | Total revenue | Market capitalization | No. of investments | No. of acquisitions | No. of board seats taken | Competition | Management | No. of employees | Company reputation | Contact info | Operational status | Operational duration | Shutdown date | Founded date | Legal name | Former legal name(s) | Ticker |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
1. |  | Wazza | 63.2% | An online payments analytics platform. | Internet | FinTech, SaaS, Analytics, Payments | Portugal | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1-10 | - | - | Inactive | - | - | 2014 | - | - | - |
2. |  | Bó | 47.7% | A digital retail bank. | Internet | Banking, Financial Services, Applications, FinTech | United States | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 100-250 | - | - | Inactive | - | - | 2018 | - | - | - |
1. |  | Circle | 28.6% | A cryptocurrency-focused finance company. | Internet | Cryptocurrency, Bitcoin, FinTech, Banking, Financial Services | United States | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | Inactive | - | - | 2013 | - | - | - |
2. |  | Wildcard | 27.6% | A company that helped people to spread out their pay cheque. | Internet | FinTech, Finance, Financial Services | Australia | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1-10 | - | - | Inactive | - | - | 2016 | - | - | - |
3. |  | Rudder | 25.8% | A financial management tool that enabled users to separate and classify income and expenses. | Internet | FinTech, Personal Finance | United States | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 50-100 | - | - | Inactive | - | - | 2006 | - | - | - |
4. |  | SplitKart | 23.0% | A mobile app that allowed users to split bills and plan outings. | Internet | Mobile Applications, Payments, Financial Services | India | - | - | - | - | - | Seed | - | - | - | - | - | - | - | - | - | - | - | - | - | 1-10 | - | - | Inactive | - | - | 2015 | - | - | - |
5. |  | Confido | 22.8% | A payment solution developed to be used by both businesses and individuals. | Internet | FinTech, Payments, Financial Services, Blockchain | Germany | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | Inactive | - | - | 2017 | - | - | - |
6. |  | TrustEgg | 21.7% | An online trust account designed to save for a child's future. | Internet | Financial Services, FinTech | United States | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1-10 | - | - | Inactive | - | - | 2011 | - | - | - |
7. | .png){kind=logo} | FLASHiZ | 16.3% | A mobile payment service provider. | Internet | Financial Services, Mobile, NFC, Payments, QR Codes | Luxembourg | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 10-50 | - | - | Inactive | - | - | 2011 | - | - | - |
8. |  | Balanced | 14.2% | A peer-to-peer (P2P) marketplace payments platform. | Internet | E-Commerce, Payments, Financial Services | United States | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 10-50 | - | - | Inactive | - | - | 2010 | - | - | - |
9. |  | Adaptu | 14.0% | An online money management site. | Internet | Financial Services, Websites | United States | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 10-50 | - | - | Inactive | - | - | 2010 | - | - | - |
10. |  | Token Analyst | 9.6% | An on-chain analysis platform intended to provide fundamental insights on crypto assets using data from the blockchain. | Internet | FinTech, Blockchain, Cryptocurrency, Analytics | United Kingdom | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1-10 | - | - | Inactive | - | - | 2017 | - | - | - |
11. |  | Tab | 7.9% | A web-based prepaid loyalty app for brick-and-mortar shops. | Internet | Software, Finance, Payments, Financial Services | United Kingdom | - | - | - | - | - | Seed | - | - | - | - | - | - | - | - | - | - | - | - | - | 1-10 | - | - | Inactive | - | - | 2012 | - | - | - |
12. |  | Quantifyle | 3.0% | A wellbeing app which helped people achieve goals while helping insurers reduce costs. | Internet | Applications, FinTech, Health | United Kingdom | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1-10 | - | - | Inactive | - | - | 2015 | - | - | - |
| No. | Image | Name | Investor type | Description | Location | Preferred investment stage(s) | Stages invested in | Assets under management (AUM) | Investment range | Investment sweet spot | Preferred investment focus | Preferred investment geography | No. of investments | No. of lead investments | No. of follow-on investments | No. of co-investments | Portfolio companies | No. of exits | Total exit value | No. of failed investments | Loss on investments | No. of acquisitions | No. of board seats taken | No. of funds | Limited partners | Co-investors | No. of partners | Partners | No. of employees | Management | Board members | Founders | Investor reputation | Contact info | Entity type | Legal name | Former legal name(s) | Founded date | Ticker |
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| No. | Image | Name | Previous designation | Previous company | Previous biography | Previous profile type | Previous location | Experience | Education | Reputation | Current company | Current designation | Current biography | Current profile type | Current location | No. of investments | No. of exits | Total exit value | No. of board seats taken | Contact info |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
1. |  | Oshone Emmanuel Ikazoboh | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| No. | Financing date | Financing round | Total amount raised | Post-money valuation | Financial viability | Fundraising target amount | Remaining target amount | Financing type | No. of investors | Board seats | Lead investors | Entity type | Financing status |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
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