He not too long ago sat down with Peace Itimi of FoundersConnect for a chat on the Patricia Crypto journey.
Hanu Fejiro was born in Warri, Nigeria. Though, he is lived in Lagos, Port Harcourt and Warri at totally different intervals in his life. His dream was to check Engineering however he was supplied admission to check arithmetic on the universities the place he utilized.
Ultimately, he accepted what appears to be destiny and accepted the supply from the College of Portharcourt to check Arithmetic.
Hanu had this pocket book the place he’d write all of his enterprise concepts, not caring how odd or seeming bizarre they may appear to the typical thoughts. The primary of which was promoting unique sweets whereas he was in major faculty, which made him about 70,000NGN within the first month. Maintaining this vitality, he went on to strive his palms at about 13 totally different enterprise concepts all through his college days. All of which did not quantity to a lot.
In 2015, an Uncle of his despatched him Bitcoin, and in his try and discover a place to commerce it on-line, he realized there was no place in the entire of Africa. He ended up on a P2P platform however obtained ripped off.
It was then it hit him. If he can not discover a place to commerce his crypto safely and securely, then there should be others like him.
So, he stored pondering on this and made positive to enter it into his concept e book, and this was the thirty seventh enterprise concept entered into that journal, by the use of talking. It took some time earlier than he lastly determined to get rid of warning and check the waters.
Why Patricia for a enterprise title?
One afternoon, whereas Hanu was at his grandfather’s home together with his mother. He may hear each of them argue as he flipped via his concept e book, questioning what was subsequent for him. He stored glancing at concept No 37, nevertheless it had no title, so he actually could not connect with it sufficient. However then he heard his mother appropriate his grandfather saying “My title is Persistence and never Patricia”.
So, He determined to provide this enterprise concept a reputation to remind him of his two favorite individuals.
How did Patricia begin?
Lastly, in 2017, Hanu rented out a small condominium and employed two individuals as workers. Days bumped into months, they usually had achieved no transactions. So, Hanu paid a preferred comic at the moment to run an advert for the enterprise. The Christmas that adopted noticed Hanu working via the vacations all by himself.
The subsequent transfer was enlargement, and so, Hanu moved the enterprise into a much bigger house and employed extra individuals. Not sure of what the longer term holds, Hanu stored pushing boundaries and employed extra ‘PATRICIANS’.
Rising in leaps, he reached out to his pal who was working for Microsoft to assist. This pal, who’s now the CTO of Patricia assembled a group of twelve builders. In a matter of weeks, the enterprise had scaled to 2 thousand energetic customers.
At the moment, Patricia applied sciences, which sits underneath the mom model Patricia Universe, has a group of over sixty engineers working to safe and enhance our merchandise throughout the board. And a complete workers energy of over 300 individuals unfold throughout Africa, Europe, Asia and the US.
How are your concepts birthed?
We construct all our merchandise with client ache factors in thoughts. That is from realizing that different individuals want an answer simply as dangerous as we do.
After which there’s Hank, which was Hanu’s very first enterprise concept in his e book. It got here from a spot of being unable to search out stuff, leaving him wishing he may ring these things when the necessity for them arises and never must recall the place he left them every time. And so, Patricia’s very first bodily product was born.
In our bid to mitigate the dangers of enjoying in a single subject, we discover different industries after which go forward to construct that one know-how that everybody wants however no person is engaged on, which is the bedrock for our upcoming incubator program.
The imaginative and prescient for Patricia is to construct a brilliant app that caters to each day by day want in its ecosystem. Though new governmental regulation has compelled us to decentralize the enterprise, we hope to place all of it again collectively.
We have made Patricia the bridge as a result of we perceive that individuals don’t perceive cryptocurrencies absolutely. So we’re ensuring to combine it into our day by day lives within the easiest methods doable.
Challenges do not scare us, for us, the drive we have had from inception to resolve client ache factors utilizing easy and accessible options will solely proceed to develop.
We have grown from two staff in 2017 to effectively over 300 now. And we’re nonetheless bent on ushering Africa into the digital age, nonetheless bent on simplifying cryptocurrencies for the on a regular basis man.
Though the plan has modified extra instances than we are able to depend, the purpose stays the identical. Which is to develop into the SI unit of crypto in Africa.