ChatPay Opens Public Waitlist for WhatsApp-Based Banking Platform

By Mary Nnah

Lagos-based fintech startup ChatPay has opened its public waitlist and launched its “Founding 2,500” programme as it prepares to introduce banking services through WhatsApp.

The company said the platform is designed to enable users to send money, pay bills, buy airtime and manage business transactions within WhatsApp conversations, subject to the completion of regulatory approvals and integration with licensed banking partners.

According to ChatPay, the platform is operated by CP Technology Limited and is currently undergoing a phased rollout ahead of its planned public launch.

The company said the initiative is intended to simplify access to financial services by leveraging WhatsApp, which it estimates is used by more than 50 million Nigerians monthly.

Speaking on the idea behind the platform, Product Lead and Co-founder, Adeoluwasubomi Odebunmi, said the concept emerged while she was studying Software Engineering at Babcock University.

“I saw the gap while I was still in school—how much friction there was just to move money. I didn’t want to just study the problem. I wanted to help fix it,” she said.

Odebunmi said she had previously worked on software solutions spanning e-commerce, real estate management, school administration and artificial intelligence applications before co-founding ChatPay.

Growth Lead and Co-founder, Aseoluwa Siyanbola, said his experience managing Nigerian bank accounts while studying abroad highlighted some of the challenges users face with digital banking services.

According to him, difficulties such as one-time password (OTP) failures and inconsistent banking applications inspired the team to explore conversational banking solutions.

“We each encountered similar challenges and came together to build a solution that simplifies everyday financial transactions,” he said.

Tech Lead and Co-founder, Abraham William, said the company is focused on improving access to financial services through a platform that many Nigerians already use daily.

“We want to make financial services easier to access by allowing people to carry out transactions through a familiar messaging platform,” he said.

William said he oversees the company’s engineering, technology strategy and system architecture.

ChatPay said its services will be introduced in phases as regulatory requirements are met and integrations with banking partners are completed.

The company added that its newly launched “Founding 2,500” programme will enable selected early users to test features, provide feedback and participate in product development before the platform’s wider rollout.

According to the company, interested users can register for the waitlist and the Founding 2,500 programme through its website.

Founded by Odebunmi, Siyanbola and William, ChatPay said its long-term goal is to expand conversational banking services beyond Nigeria into other African markets after its domestic rollout.