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Deborah's avatar

There are inaccuracies in this article which might suggest the writer relied on outdated assumptions about Alerzo's business model which are misleading.

1. 'Alerzo target cash-based retailers' - As of May 2024, Alerzo has completely transitioned to 100% cashless transaction leveraging it's proprietary payment platform. The shift to a cashless model I believe is a part of a broader strategy to improve operational efficiency and scale it's payment portfolio to serve retailers in additional way and grow alternative revenue.

You can fact-check this from the market.

2. "Alerzo enabling informal retailer outside Lagos" - While Alerzo started operations from Ibadan, Alerzo had since established presence in Lagos market since 2021, with operations currently across the Lagos mainland, Island and Ikorodu axis with further strong presence across 6 cities in neighbouring Ogun state, highlighting a strong foothold in Nigeria's retail and logistics hub.

I thought to point this out someone with insider information about both Alerzo and Ominretail.

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