OjirehPrimeFinancial Services Limited

WHITE PAPER

CONTENTS1. ABOUT US

● Introduction to Ojirehprime Financial Services Limited ● Our History

2. MARKET RESEARCH● Global Unbanked Report● Why are People Unbanked

3. PROBLEMS AND SOLUTIONS● OjirehPrime and the Market Opportunity● Why Prepaid Cards● Use Case for the Unbanked● Use case For the Banked● OjirehPrime Prepaid Card versus Bank Account● How we’re connecting Africa to the world● Why crypto-Currency?

4. PRODUCTS, SERVICES AND USE CASES1. OjirehPrime Prepaid cards2. White labelled Prepaid cards3. OjirehPrime AutoPay4. Soft Loans5. Remittances and Transfers6. OjirehPrime Tokens7. Crypto-backed Loans8. OjirehPrime Crypto-backed Loans versus Traditional Lenders9. OjirehPay

5. BUSINESS MODEL AND SCALABILITY● Our Business Model● Tockenomics

6. OUR PLANS● Short, Medium and Long term model

7. Our Team

8. FINANCIALS● ost structure● Revenue Model● Token Sale Summary● Token distribution● Use of Funds

9. THE TEAM● Advisory board● Team

10. CONTACT US● Our Offices

● Our VisionWe want to provide alternative banking services to the largely unbanked African populace, ensure a more secure approach to online transactions and become a leader in Africa’s Fin-tech space

● Our MisionBuild instant settlement online payment platform to encourage and support online businesses

● Our Core Values

OUR HISTORY- (how we started)

ABOUT US

● providing alternative banking services and promoting financial inclusion among the unbanked globally with a primary focus on the African continent

● Using technology to expand the possibilities of seamless global money transfer using prepaid cards yet maintaining local relevance

● Leveraging on blockchain technology to provide a decentralized approach to identity management

● Providing access to soft loans

OjirehPrime Financial Services limited is a Fintech startup committed to

INNOVATION PASSION FOCUS TEAM SPIRIT R &D

we stay creative and original to our

Ideas

Where strength fails, our

passion keeps us going

None of us is stronger than all of

us. Together we can do

better

Constantly paying

attention to the study and interpretation

of data

whatever will grow has to be

planted, so for us at

OjirehPrime Focus comes before growth

GLOBAL UNBANKED REPORT

2016

2017

2018

2019

Started our e-commerce business from a faulty samsung tab whose battery last only 30min no matter how long you charge it with no office, no logistics and no capital

After one year in business, we noticed 96% of clients made payment via bank transfer. We conducted a research and the response was the fear of exposing their bank

We launched Ojirehprime card with the plan of encouraging online transactions notknowing the huge market potential but by the time we realized, we took a step backward,incorporated both in Nigeria and the United states as Ojirehprime Fianacial Services Limited

● Unlocked the different use cases of the card to different market segment● Saw the need to leverage on blockchain to promote cheaper and faster transactions● Expanded into remittance and cross-border transaction on a wallet to wallet basis without going to the bank

An estimated 2 billion adults, or 38 percent of all adults worldwide, remain excluded from the financial system today. The vast majority of them live in developing economies, where 46 percent of adults are unbanked. South Asia and East Asia and the Pacific are home to more than half the world’s unbanked(figure 1). In SouthAsia, about 625 million adults lack access to an account; in East Asia and the Pacific, about 490 million do.Indeed, just three Asian countries—India, China, and Indonesia—together account for almost 40 percent of unbanked adults globally. India is home to 21 percent of the world’s unbanked and about two-thirds of South Asia’s. China accounts for 12 percent of unbanked adults globally and Indonesia for 6 percent; together they are home to 7 of every 10 unbanked adults living in East Asia and the Pacific.

Sub-Saharan Africa, with about 230 million unbanked adults, accounts for 17 percent of the global total

WHY ARE PEOPLE UNBANKED?

We conducted a survey with questionnaires to gives respondents without an account at a financial institution the opportunity to explain why they do not have one. These respondents offer more than tworeasons on average. Globally, the most common one interestingly is not poverty as assumed by most report: it is lack of proper means of identification then followed by distance to financial institutions and lack of enough money to use an account: 65% percent cite documentation as a reason for being unbanked. Our research has proven that proper means of identification is the most prevalent reasonin sub saharan africa as against the assumption of lack of money.

Globally, more than 400 million adults receive wages or government transfers in cash. Converting private sector wages from cash to digital payments could bring 280 million unbanked adults into the financial system. Shifting the payment of government wages and transfers from cash into accounts could cut the number of unbanked adults by 160 million. Digitizing government payments could alsobenefit governments by improving the security, transparency, and efficiency of these payments. Another opportunity lies in payments for the sale of agricultural products. About 440 million unbanked adults in developing economies receive such payments in cash, including 125 million in Sub-SaharanAfrica and 105 million in South Asia. Moving these payments into accounts could increase the security of the payments and lay an infrastructure for person-to-person payments such as domestic remittances.

Some unbanked adults in developing economies already use digital payment channels for domestic remittances: 100 million adults either send or receive remittance payments through a financial service provider, for example, a money transfer operator like Western Union. For these people, shifting to theuse of an account for making and receiving payments should be easier than for those who have nevermade a digital payment and might hesitate to entrust their money to financial service providers. Even so,the 270 million unbanked adults in developing economies who send or receive domestic remittances using only cash represent an even bigger market opportunity. Digitizing payments and shifting cash paymentsinto accounts is not without challenges, however. These include making up-front investments in paymentsinfrastructure, ensuring that payment recipients understand how accounts work and can be accessed, andtaking steps to guarantee a reliable and consistent digital payments experience. Also important is to educate new account owners on the basic interactions in a digital payments system—using and rememberingpersonal identification numbers (PINs), understanding how to deposit and withdraw money, and knowing what to do when something goes wrong.

In developing economies, 160 million unbanked adults save “semi formally,” through an informal savings club or a person outside the family. In Sub-Saharan Africa, moving these savings into accounts couldincrease account penetration from 34 percent to up to 47 percent and add up to 70 million adults to the ranks of the banked—including about 40 million women. To enable a shift to formal saving, the challenge is to design financial products that meet the needs of the unbanked and make accounts a convenient and affordable alternative to semi formal ways of saving.

WHY ARE PEOPLE UNBANKED?

WHY PREPAID CARDS?

prepaid cardholders can instruct their employers or business partners to deposit their pay right on their cards, alleviating the need for cardholders to cash their checks and carry cash, an important consideration,especially if cardholders live in high-crime areas.

1. prepaid cards serve as a gateway to customers who operate outside the banking mainstream due to lack of appropriate identification to open a bank account.2. But even among the banked adults, prepaid cards simply offer a convenient way to transact online without exposing your bank card details or even avoid debt as cardholders can never spend more than the amount loaded on their cards. If there isn’t enough money on the card to cover a purchase, the card will be declined. 3. Prepaid cards not only appeal to those with damaged credit, but no credit whatsoever. This segment might include immigrants facing language barriers who have little understanding of the nations banking system.

USE CASE FOR THE UNBANKED

Because the prepaid cards aren’t linked to any account, identity thieves don’t have any sensitive personal or financial information to hack. It’s hard to hack information that doesn’t exist! So, while prepaid cardholders can pay bills and make in-store, online or mobile purchases just the same as debit and credit cardholders,they can also use their cards to keep their bank data private and secure.

USE CASE FOR THE BANKED

OJIREHPRIME PREPAID CARD VERSES THE REGULAR BANK CARD

OjirehPrime Prepaid card

Requires ID CARD

Requires BVN or SocialSecurity

Accepted on ATM, POS and On-line

Requires a bank account

International TransactionsFastest Access to loans

Credit Check

Access to unbanked

Age restriction

Bank Account

No

No

No

Yes

Yes

Yes

Yes

Yes

Yes

Yes

Yes

Yes

No

No

Yes

Yes

No

No

HOW WE ARE CONNECTING AFRICA TO THE WORLD

The global remittance industry is huge. An estimate of about half a trillion dollars ($1,000,000,000,000) were officially recorded as remittances to developing countries in 2018. This new record level follows robust growth of 7.8 percent in 2017. Global remittances, which include flows to high-income countries, are projected to grow by 10.3 percent to $689 billion in 2019. The World Bank data shows that over $148 billion was sent abroad from the U.S. alone in 2017. As people leave nations gripped by hyperinflation, or simply move to look for better opportunities abroad, sending cash back home becomes a necessity.

cryptocurrency in general can get money from sender to receiver extremely quickly and at low cost. With No middle-men, high-level Security, at any time, From anywhere in the world to whomever you want and as much as you want

“It might be hard to send 1,000,000 USD to another country through a money transfer service or bank wire, but convert it to cryptocurrency, and you can send that money to anyone, anywhere, in seconds/minutes on the blockchain”

WHY CRYPTO-CURRENCY?

HOW CROSS BORDER MONEY TRANSFER WORKS WITH OJIREHPRIME TOKENS?

Ojirehprime Mobile application is designed to work with banks, businesses, digital players and more, helpingthem to modernize the way they send money both domestically and cross-border. Our technology is built on a secure global technology designed to enhance your cross boarder services with fast and smart solutionson and end to end compliance as The integrity of the transaction is central to our service, with a comprehensive compliance framework in place.

OjirehPrime Tokens is built on the ethereum network. These tokens will address the challenges associatedwith Global money transfer, security and effective compliance processes to global money transfer. Traditional money transfer services make money by charging for withdrawals, and transfers. Also, they make money on the exchange rate when converting your money. With OjirehPrime Tokens, you can transfer money to anyone in any part of the world with just one click. The process involves

1. You purchase the OjirehPrime Tokens and pay via your local currency2. You send the tokens to the recipient using the mobile number as recipient3. The recipient receives the tokens on an exchange embedded in their wallet4. A secret code would be sent from the sender ( this is required to access the funds)5. Upon confirmation of the access codes, the funds will be deposited into the recipients OjirehPrime card .

TOKENOMICS

Token type Layer 1 Utility token

Forked ChainChain Protocol

Fungibility

We developed a dynamic asset-pricing model of Ojirehprime tokens that facilitate peer-to-peer transactions. The equilibrium value of our tokens would be highly dependent on the users' transactional demand

Token Distribution

Components Token Structure

The transactional value of our token will be primarily dependant on its power of demand which are basically captured in three categories

USE OF FUNDS

Core primary areas of demand

Our eco system seeks to promote two primary values

1. Financial Inclusion and education2. Globalization in the form of Secure and faster cross border transaction

The Values that our ecosystem is trying to promote?

OjirehPrime Financial Services Limited offers seven (7) distinct products at the moment:

1. OjirehPrime Prepaid cards2. White labelled Prepaid cards3. OjirehPrime AutoPay4. Soft Loans5. Remittances and transfers6. OjirehPrime Tokens7. Crypto-backed loans8. OjirehPay

PRODUCTS, SERVICES AND USE CASES

Use CasesDemand

Cross Border Money transfer

Inter token swap

The Ojireh token will serve as a faster means to promote global trade across different geographical locations. One outstanding part of using our token and product is the fact that it does not involves inputting your bank details. With OjirehPrime you are the bank

Users who own other digital assets like bitcoin can swap their tokens for ojireh token knowing that cashing out is seamless without inputting your bank details

Token hold This involves user who want to purchase our tokens and hold down for future sale pending when value increases. This creates scarcity of the tokens which reflects in its transactional value

This is our flagship product: a prepaid card that is not connected to a bank account, requires no ID card, can be funded from any bank and accepted globally as it rides on the mastercard infrastructure. Use cases are

● An alternative to having a bank account to the rural dweller.● A more secured means for online transactions to the banked● A means of budgetary control to the student● A utility card and a means to teach children Financial education to Parents● An Expense account to small and medium enterprises● Can double as a salary account to Organization

● Account statement from the usage of your OjirehPrime card● Access to view the total contact saved in your phone● Access to view most frequently dialled numbers● Timely repayment of last loan.

OjirehPrime Financial Services Limited offers seven (7) distinct products at the moment:

1. OjirehPrime Prepaid cards2. White labelled Prepaid cards3. OjirehPrime AutoPay4. Soft Loans5. Remittances and transfers6. OjirehPrime Tokens7. Crypto-backed loans8. OjirehPay

PRODUCTS, SERVICES AND USE CASES

1. OjirehPrime Prepaid Cards and use Cases

This is a product designed to give other start-ups the opportunity to launch their own prepaid card businessand enjoy the benefits of designing their packages to fit different business models. Since the launch of thisproduct, we have experienced a fast rise in the number of businesses from startups to establishedorganizations who have built innovative white labelled products upon our infrastructure.

2. White Labelled Prepaid Cards

OjirehPrime autopay is a platform designed to grant easy access to bulk loading option to prepaid cards. With autopay, you can load as many prepaid card as you wish with just one click. This is also made availableto white labelled prepaid cards.

3. OjirehPrime AutoPay Platform

With our mobile application, remittance and money transfers are fully seamless weather locally or cross border.

4. Remittance and Transfers

Ojirehprime offers soft loans and the decisions as to the value of loan a client can receive is determined by the artificial intelligence report which is predicated on the following indices:

5. White Labelled Prepaid Cards

Ojirehprime prime tokens, built on the ethereum network are ErC 20 utility tokens that can be used forany transactions including but not limited to money transfer, purchases and payments.

6. OjirehPrime Tokens

Ojirehprime Crypto-backed Loan

Crypto-Asset Accepted

Keep Asset Ownership

Availability

Approval Time

Hidden Charges

Credit Checks

Traditional Lenders

Yes

Yes

Instant

Global

None

Local

Application, Administration, commitment, legal, management and Processing Fee

No

No

Very Slow

No Yes

Every user on our platform who has downloaded our mobile app, has a prepaid card either in virtual or physical form and the PAN’s of these cards are mapped against the user’s phone number so the user can shop and pay anywhere globally using their phone number without necessarily imputing their card details afresh.

7. OjirehPay

Our business model cuts across a variety of products we offer. For the purpose of this document, the business model would be addressed on a case by base as listed below

BUSINESS MODEL AND SCALABILITY

Clients retain 100% ownership of their digital assets by making use of our instant crypto loan rather than selling, they keep the entire capital gains and accompanying benefits from their digital assets our clients can enjoy their crypto wealth immediately, without having to sell their digital assets

8. Crypto Backed Loans

OjirehPrime Crypto-backed loans verse Traditional Lenders

1. Prepaid card model2. Loan request model3. Remittance Model4. Crypto backed loan model5. OjirehPay Model

The below picture explains how OjirehPrime card can be funded from any bank because our API is directly plugged to the Interbank settlement system upon which we have leveraged on the underlying technology that cuts across all banks

1. PREPAID CARD WORKING MODEL

From the prepaid card, the company generates funds the following way

PREPAID CARD BUSINESS MODEL

1. Revenue from card sales2. Monthly service fee of $0.3 (N99)3. Interest on loans4. Revenue of bills (water, electricity, airtime etc)

BUSINESS MODEL FOR LOCAL MONEY TRANSFER USING PHONE NUMBER

OUR SHORT, MEDIUM AND LONG TERM PLANS

POWERED BY A TEAM

Advisory Board

Mousa is Africa’s first ICO Expert, an active entrepreneur, Co-founder and blockchain enthusiast with more than 11 years of professional experience in sales, business development, human resources, and operations roles for major multinationals and start-ups in the tech, telecoms and aviation industries globally.

A well-decorated banking veteran with over 2 decades of banking experience she has worked in Citizens International Bank (now Enterprise Bank Limited, Nigeria) and Bank PHB(now Keystone Bank).Before joining Heritage Banking Company Limited as a pioneer Executive Director.

He Successfully Cofounded RedCab LLC. and currently leading it as CEO, as well as being heavily involved in Blockchain projects and in applying innovative marketing strategies supported by continuous market research and implementing recommendations for complexity reduction. He is a self-made entrepreneur, cryptocurrency trader, investor, and blockchain evangelist.

He’s currently a Cofounder at CEOKLUB Venture Fund – a rapidly growing Crypto VC Fund that focuses on early-stage investments in Fin-tech startups, and Blockchain technologies created partly with altcoins, to fill the gap in startup financing. He is an active member and advisor in various ICOs and private investment pools across the Middle East and Europe.

She is a member of the Institute of Directors (IOD), a fellow of the Institute of Credit Administration (ICA) and is also a fellow of THE Chartered Institute of Bankers (CIBN) amongst many other medals under her belt including the prestigious Certificate Of Recognition for her leadership and contribution to the advancement of Nigeria by Nigeria Professional International (NIPRO).

Michael is a career Investments professional turned Tech Entrepreneur. After working in the Finance Industry at firms including Morgan Stanley and Wells Fargo in Washington, DC and San Francisco, respectively, Michael’s strong entrepreneurial streak led him into the start-up arena in Silicon Valley.

After launching two successful start ups of his own, Michael took his operating experience to the other side of the table and runs the East Coast practice for Propeller Venture Capital, based in Silicon Valley. Now, as COO of WishKnish, he looks to bring everything he’s learned into the Blockchain industry.

Michael co-founded Root Square, an innovative fundraising platform using gamification to enable political candidates and non-profits to raise funds across leading Social Media sites. Michael conceived the idea of Root Square and took it from the back of the napkin to a functional, monetizing product. At Root Square, Michael wore many hats to get the product off the ground from product design and go-to-market strategy. Root Square has been used by various Local, State and National Political campaigns, as well as Foundations of multiple Professional Athletes in the NFL.

He handed over the reigns of start up #2, Qubester, to his co-founders to establish his GovTech Fund in DC. Qubester, ahead of its time as RS is an innovative, out-of-the-box office sharing start-up designed to help governments at all levels become more efficient in their use and allocation of available office space by opening up perishable government space to private users, on demand.

Michael is a COO level Advisor to several startups among Washington, San Francisco and Texas. He also sits as the first Entrepreneur In Residence at University of Pennsylvania and a Fellow at the University of Pennsylvania’s Law School.

A Seasoned investor who seats on the board of a good number of companies cutting across technology to the energy sector.

He is deeply involved in financing projects and capital infusion at all levels from idea state to national projects. An alumnus of Middlesex University, investor partner at world CEO for Africa, an advisory board member at the world free and special economic zone federation and the African development and investment convention.

Seyi Tinubu Ceo and chairman of Loatsad Promomedia, a leading outdoor Marketing company in Nigeria. with an LLB from the University of Buckingham, United Kingdom,in 2011, became a member of Nigeria Bar Association in 2013.

Exposure to the law has him pursue further legal education (LLM) at the University of Buckingham, United Kingdom. Mr Seyi Tinubu’s vast companies and investments span across Energy, Construction, Agriculture, Advertising, Technology, Human Resource, Entertainment, Branding

Helping 2 billion people reach financial services is an ambitious undertaking but because We know who the unbanked are, how they get by, and why they do not have an account. Aided by the insights we can take effective steps to help bring the unbanked into the financial system.

Conclusion

E-MAIL: support@ojirehprime.com

CONTACT

UNITED STATES OF AMERICA5850 San Felipe, Suit 500,TX77057, Houston.Tel: +12243770608

NIGERIANo. 4 Babatope Bejide Crescent,

Lekki Phase 1, Lagos State.

Tel: +2349069144499