Home Special Report What you need to know about Anambra man who rejected $10m from investors to buy App he invented

What you need to know about Anambra man who rejected $10m from investors to buy App he invented

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What you need to know about Anambra man who rejected $10m from investors to buy App he invented

Linus Williams Ifejika, popularly known as B-Lord, is an Anambra born Bitcoin Entrepreneur who recently rejected $10m offer from foreign investors to sell his newly invented App, BillPoint.

Born March 14th 1998, B-Lord hails from Umuji Ebenebe in Awka North Local Government Area of Anambra state. He is said to be the first son in a family of seven.

He is the Executive Chairman and Founder of B-Lord Group of Companies.

In April 2023, the 25-year-old Nigerian launched an App known as BillPoint, which was designed for users to buy cheap airtime, data, pay electricity bills and cable tv bills with ease in Nigeria.

According to him, this was borne out of the desire to ameliorate the difficulties he and most Nigerians experienced in the use of mobile bank applications and other transaction options, during the cash crunch and cashless policy saga.

In a recent video, where B-Lord was reportedly being interviewed by Daddy Freeze online, the inventor said that foreign investors were offering to buy the BillPoint App for $10 Million, but that he and his team turned down the offer because of the high prospects they have for the App.

He said, “On the first day of release, the App got 50,000 downloads and 50,000 users. On the first week, I made ₦25 Million. On the first week of release, the App was number 1 in Nigeria and number 5 in the US. And the App doesn’t need manpower. It goes automatically.”

He also disclosed that the App generated over ₦105 Million for his company within a month and one week of its launch.

He further stated, “the BillPoint App is here to make transactions easy for Nigerians. It is an unarguable fact that no one walks down to vendors to sort their bills any longer when they can do so online; that is one of the more reasons this App will succeed and I am optimistic about the future of the App and it’s acceptablility.”

Obinna Iyiegbu aka Obi Cubana, the CEO of the Cubana Group, had after the Bitcoin trader declined the $10 Million offer, invited him for business talks.

After the meeting, B-Lord said that during his discussion with Cubana, they spoke about technological issues connected to the banking industry. He posted a picture of him and Cubana on social media, announcing that they will take over the Nigerian banking sector.

B-Lord wrote: “A quick tech discussion with my chairman, we are about to take the Nigerian banking system”.

Here is a young Nigerian determined to do exploits. If only his likes are encouraged, they have the potential of bringing about boom in the Nigerian tech industry.