About
We didn't want to build another app that sets the price for you.
Velo started with an argument at a Yaba junction — a rider explaining, patiently, that the fare he'd been assigned didn't cover the fuel to get there. The customer, standing three feet away, had been charged nearly double it. Neither of them had chosen anything.
A reverse auction is the least clever idea we could find. That's why we chose it.
There's no pricing model to trust, no surge multiplier to reverse-engineer, no algorithm deciding what your trip is worth. One side says what they'll pay. The other says what they'll take. The gap closes in public, in ten minutes, and both people can see exactly why they agreed.
What we hold to
The price is never ours to change
Once a bid is accepted it's locked. We have no surge, no priority tier, and no mechanism to move a number after two people agreed on it.
One flat fee, stated everywhere
12% of the bid. It's on the rider's screen before they bid and in the ledger after. If we ever change it, riders hear it from us first, not from a smaller payout.
Bad news, early and in plain words
No bids, a failed card, a rejected ID — every one of those messages says what happened, why, and the exact next step. We rewrote all of them once because they weren't good enough.
A city opens when riders are in it
Not when the launch looks impressive. An empty auction is worse than no app at all, so we hold a city back until a job posted on a Sunday night gets bids.
Headquarters
Wuse 2, AbujaFederal Capital Territory
Nigeria
Press
Work with us
Operations leads in Lagos and Ilorin, and an Android engineer.
jobs@usevelo.ng