The fact that digital awareness has come to take its roots among Nigerian Tech startups is no longer news as the global tech space is experiencing fresh innovations from the West African Nation on a regular basis even in the face of the global pandemic.
The peculiarity of the Nigerian Market and its viability has further deepened the digital awareness among the people thereby impacting the lives and the GDP of the citizenry especially the tech world as the Nigerian Tech startups get ready for the new normal.
Even though the competition among Nigerian Tech Startups is increasingly becoming so stiff with each tech outfit working to outperform each other, only a handful of these startups get to actually impact the National purse in terms of earnings.
Most of these startups received their fundings from local and international establishments. Under technology, there are lots of startups in different sectors of the economy such as fintech, renewable energy, mobility, logistics, edtech, and other fields.
Unfortunately, an ardent follower of the digital evolution among the Nigerian Tech startups will agree that that right from the introduction of the first internet service provider in Nigeria in the year by then President Olusegun Obasanjo, the tech system has seen unleveled growth. However, for the past few years now, there had been a lot of steady improvements in the Nigerian’s tech system.
We took a look into this subject across different sectors. and came up with a list of Nigerian Tech Startups to watch out for in the coming year, their exploits in the Tech space across the Nation, and prospects.
Flutterwave is a popular and top fintech startup company in Nigeria established in 2016 by a team of engineers, ex-bankers, and entrepreneurs. This startup establishment was founded to provide a seamless and easy payment system to individuals, banks, merchants, organizations.
Flutterwave connects Africa to the global economy by building a fintech infrastructure that can make and accept any currency anywhere within and across Africa.
From inception, Flutterwave has carried out over 100 million transactions worth more than $2.6 billion with over 50 partner banks across Africa. This fintech startup company is headquarters based in San Francisco, USA, and has its offices in Lagos-Nigeria, Johannesburg-South Africa, Ghana, and Kenya.
Hotels.ng is a Nigerian Tech startup that focuses on hotel and flight bookings for their customers across Nigeria. They help travelers book their choice of hotel by providing seamless extensive care and support to them. They provide customer reviews for each hotel to ensure their customers stay in a clean, comfortable, and calm hotel all through their holidays.
Hotels.ng has over 11,000 hotel listings in 1,700 cities of the federation. In early 2018, this tech startup launched Hotel. Africa which renders booking of hotels across Africa and Fly. Africa which provides international flight service.
Farmcrowdy is a top and one of the best agricultural tech startups in Nigeria. This Nigerian Tech startup company was established in 2016 to empower small-scale farmers, which in return increases food productivity in the country. Farmcrowdy empowers farmers from small rural communities to large scale farming through farm sponsors. Their sole vision is to encourage food productivity in Nigeria, and not relying only on foreign commodities.
This is a VC backed fintech startup company that provides financial services to markets in Africa, Indonesia, and Brazil. The company was established by a small team of graduates from the Computer Science Department at Stanford University in the year 2014. Mines prides itself as a financial institution that provides credits for emerging markets.
They partner with different banks, mobile operators, retailers to render a digitalized credit platform that allows market institutions to offer goods in credit to their customers. They look at their client’s customers using payment transaction history, bank records, and phone records. Their different clients include Airtel, Interswitch, and many banks.
CowryWise was founded in 2017. The Nigerian Tech startup help users form the habit of saving by automating their investments and in return give them 10%-15% interest each year.
To secure payments, this Nigerian Tech Startup was built with Bank-Grade securities and works with a PCIDSS compliant technology. They’re the best for people who want to form a habit of saving and will get a certain percentage of interest in return.
uLesson is another Nigerian Tech Startup founded by Sim Shagaya, the owner of Konga Store and DealDey. uLesson before its establishment in February 2020 has already secured over $3.1 million for its funding from TLcom Capital.
uLesson is currently the leading edtech startup company for students as they allow users through their platform to experience a digitalized learning by taking lessons, mock exams, and access their performance through a well-detailed user-friendly dashboard.
Gradely is another top tech startup company established in 2019. Although bearing similarities with uLesson, the Nigerian Tech Startup targets secondary school students but differs in its smart use of algorithms and data to provide an adaptive learning system to students.
WeMove Technologies is a tech startup company that provides a reliable transport solution to its customers. WeMove was founded in 2017 by Chima Ezeokoye and Majid Tokurah. Apart from being in Nigeria, WeMove Technologies has increased its functionality to Kenya, Ghana, and Zambia.
Chaka is a fintech company that was launched in 2019 to provide an investment platform for users. They give their customers the opportunity to invest in the foreign stock market such as the New York Stock Exchange, and NASDAQ, along with Nigerian own local stock exchange. Chaka is currently led by Tosin Osibodu and renders a two-system opportunity to invest in the stock market by both local and foreign investors.
Rise Vest was initially launched in 2018 as Cashestate – a tech company that gives users the opportunity to invest naira in dollar designated assets and earn a certain interest commissions Cashestate rebranded and acquire the name Rise Vest in 2019.
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