All about Nigeria’s Chinedu Echeruo who built HopStop.com that Apple bought for $1 Billion
The image of Nigerians was smeared when the FBI arrested and later published the names of 77 Nigerians among those who were allegedly involved in cyber fraud related crimes. Nigerians and the government have spoken up and condemned the actions of the alleged fraudsters.
However, it is still important for Nigerians to assert and defend Nigerians’ integrity, insisting that although, there are few bad eggs, Nigerians are exceptionally hardworking people who use their talents to do good, break boundaries and set records, not only in Africa, but in the entire world.
Chief Superintendent of Police, Dolapo Badmus after condemning the action of the arrested fraudsters, calling for the full wrath of the law against them, shared the photo of Chinedu Echerue as an example of a true Nigerian.
Nigeria’s Chinedu Echeruo is the one who built HopStop.com which United States of America’s most celebrated brand, Apple Inc has bought for one billion Dollars.
That isn’t all, Chinedu Echuruo is in Nigeria to put resources into independent companies that will develop Nigeria and Africa.
As per The Wall Street Journal’s distribution, AllThingsDigital, the term of the arrangement with Apple has not been revealed formally, however HopStop has been contrasted with Israel’s Waze, which was as of late obtained by Google for $1 billion.
Established in 2005, HopStop.com makes versatile applications for the two iOS and Android that spreads more than 300 urban communities and enables individuals to get bearings or find close-by tram stations and transport stops.
Echeruo, in the past an expert at speculation banks and flexible investments, who established HopStop, is currently director of the Board for the application firm.
The move, as indicated by market insight, is viewed as Apple’s arrangement to reinforce its guide offering particularly given Google’s ongoing procurement of Waze.
A sequential business visionary, Echeruo, experienced childhood in Eastern Nigeria and went to Kings College, Lagos.
He went to Syracuse University and the Harvard Business School in the United States and established HopStop.com subsequent to laboring for quite a while in the Mergers and Acquisitions and Leveraged Finance gatherings of J.P Morgan Chase where he was engaged with a wide scope of M&A, financing and private value exchanges.
He additionally worked at AM Investment Partners, a $500 million unpredictability driven convertible security exchange fence stock investments.
He established and raised about $8 million for his two U.S. based Internet organizations: Hopstop.com and Tripology.com. Tripology.com was procured in 2010 by American travel and route data organization, Rand McNally.
Exactly as expected, Echeruo is dealing with one more adventure however this time, concentrated on private ventures in Africa.
As indicated by him, “there is no motivation behind why each business visionary ought to need to rethink the wheel each and every time in every one of the nations in Africa.
“My thought is to basically have one spot where a sprouting business visionary can get to a format for beginning a business, and afterward redo it to suit their own circumstance; basically, a business-in-a-crate.”
Apple Inc. is an American worldwide innovation organization headquartered in Cupertino, California, that plans, creates, and sells purchaser hardware, PC programming, online administrations, and PCs.
Its best-known equipment items are the Mac line of PCs, the iPod media player, the iPhone cell phone, the iPad tablet PC, and the Apple Watch smartwatch. Its online administrations incorporate iCloud, the iTunes Store, and the App Store.
Apple’s customer programming incorporates the OS X and iOS working frameworks, the iTunes media program, the Safari internet browser, and the iLife and iWork innovativeness and efficiency suites.
Mac was established by Steve Jobs, Steve Wozniak, and Ronald Wayne on April 1, 1976, to create and sell PCs.
It was consolidated as Apple Computer, Inc. on January 3, 1977, and was renamed as Apple Inc. on January 9, 2007, to mirror its moved concentration towards buyer gadgets. Apple joined the Dow Jones Industrial Average on March 19, 2015.
Apple is the world’s second-biggest data innovation organization by income after Samsung Electronics, world’s biggest innovation organization by Total Assets and the world’s third-biggest cell phone producer.
On November 25, 2014, notwithstanding being the biggest traded on an open market enterprise on the planet by market capitalisation, Apple turned into the first U.S. organization to be esteemed at over $700 billion