A Nigerian technology company, Wynk Limited, says it is offering share ownership scheme that promises big deal of wealth creation for drivers using the Wynk Super Apps for e-hailing.
The scheme tagged “Captain Share Ownership Scheme” presents exclusive opportunity for the first 5,000 Captains to participate in the share ownership initiative which aims to reward dedicated and high-performing Captains while fostering loyalty and long-term commitment to the Ride section of the Super App.
Wynk is a Lifestyle Super App built on three strategic verticals which are Rides (e-hailing, deliveries, and public transportation), Payments for all transactions, and Lifestyle (Social commerce, social media, music, short films and sports.
It is a cost-effective solution to everyday challenges ranging from financial services and fintech, domestic and cross-border payments, healthcare services delivery, education, agribusiness, e-commerce, and lots more.
Briefing newsmen in Lagos on the Captain Share Ownership Scheme, the Chief Executive Officer, Dr. Jerry Igwilo, disclosed numerous benefits to participating drivers, benefits that ultimately enhance their financial well-being and offering opportunities for growth.
According to the former investment manager turned tech startup founder, participants in the scheme can monetize their shares when desired, utilize their shares as collateral for securing loans, or as collateral for participation in a car ownership scheme.
“This excluesive benefit aims to support Captains in becoming independent car owners, and nurturing their entrepreneurial aspirations,” Dr. Igwilo told news men.
He added that “After 12 months of active participation, Captains can also engage in buying and selling shares from other participating drivers.”
Through this secondary market feature, the scheme allows for enhanced liquidity and the potential for Captains to acquire additional shares over time, and thus become richer.
To be eligible for the share ownership scheme which just kicked off, there are three simple conditions that participating drivers must comply with in order to enjoy these benefits.
First, Captains must maintain a minimum average rating of 4 stars for the first year. This average rating requirement ensures that only Captains who consistently provide excellent service to passengers are eligible for participation.
Secondly, Captains are required to complete more than an average of 5 rides per day for the initial 6 months. This ride frequency criterion highlights Captains who proactively engage in driving activities and contribute to the growth of the platform.
