12 FAST GROWING TECH STARTUPS IN NIGERIA IN 2024

FAST GROWING TECH STARTUPS IN NIGERIA
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FAST GROWING TECH STARTUPS IN NIGERIA: Technology is making a massively differents and bringing a huge change in our way of life.  In many industries, this is changing rapidly whether in the Media, Banking, Health, E-commerce, Aviation industry, and many more. As someone very passionate about Tech industries around the globe,

12 FAST GROWING TECH STARTUPS IN NIGERIA

I thought you would like to know more about the fast-growing tech start-up in Africa’s most populated country Nigeria. This little guide might be helpful. Read on.

1. OPAY

Opay uses a digital wallet as a mode of operation for user payments

The services pay offers are air-time purchases, utility bills payments, as well as digital payments. It also supports local payments like; Mpesa, card payments, which include Mastercard, visa, and also Airtel money. The app is available both in the android play store and iOS platforms

About Opay company:

  • Established in:  2018
  • Region:  Ikeja, (Nigeria)
  • Investors: Sequoia Capital, Gaorong Capital, source Code capital, and six other investors

2. WAKANOW

This is a digital travel agent assistant in Nigeria. A few of their services include booking flights, airport transfers, vacation packages, hotel reservations, and visa assistance.

Wakanow was also designed for international expansion and the launch of its services in the United Kingdom in 2017. It also launched a new platform called Destination Africa, which is a bookstore that gathers African holiday packages within 23 African nations. Wakanow was Nigeria’s fifth-largest company according to the All-World Networks Award. It made almost 800k travel documents in February 2017

About Wakanow company: 

  • Established in 2008
  • Region Lagos, Nigeria)
  • Investors Carlyle Group, Alterra Capital Partners, African Capital Alliance
  • Founded by Obinna Okezie
FAST GROWING TECH STARTUPS IN NIGERIA
Close up ux developer and ui designer use augmented reality app brainstorming about mobile interface wireframe design on desk at modern office.Creative digital development agency

3. KOBO360

Kobo360 is an online digital platform that allows users to arrange or request transfers and also track them at lower rates unlike the traditional logistics used. Kobo360 is Africa’s innovation leader in integrated logistic solutions and truck brokerage services.

It requests international delivery and turnaround time (TAT) for local deliveries in not more than 24 to 72hours. Their services include customers like; Air France, Fetswallet, MDS logistics, Chisco, Ark insurance Group and, KLM.

Company KOBO360 about.

Established in 2016

Region Lagos, (Nigeria)

Investors TLcom Capital Partners, Western Technology Investment, Goldman Sachs, and 12 other investors

Founded by Obi ozor, Ife Oyedele II

4. MAINONE

Mainone is a platform that provides services to business clients in Africa and telecommunications service providers. The services they provide to them are wholesale connectivity and data center services. The company owns and also operates with its IP address which is powered by Cisco’s IP an NGN platform and has about 7000km submarine cables. Its landing stations are in Nigeria, Ghana, and Portugal. Its services also include.

  • Connectivity (PLC, interconnection, IP transit).
  • Datacenter (cloud, colocation).
  • Media (video connection).
  • Voice enterprise (VoIP).
  • SME in one box (internet with voice).

About Mainone company

  • Founded in 2007
  • Region Lagos (Nigeria)
  • Inventor First Bank of Nigeria, Standard Chartered, USTDA, and four other investors

5. PALMPAY

Another online platform that offers wallets to users as means of operation is Palmpay. Its services include cash payments, money transfers, and, mobile top-ups. It also provides an in-game rewards platform that can be used for purchases. You can install the app through the Play Store or iOS platforms.

About Palmpay company

  • Established by 2019
  • Region Lagos, (Nigeria)
  • Investors Transsion Holdings, China Creation Ventures, MediaTek, and two other investors

 6. KUDA

One major growing digital bank in Nigeria is KUDA. They offer services that include deposit accounts, cash transfers, cash withdrawals, NFC prepaid credit cards for online/offline purchases, and lots more. It as well provides an avenue for personal finance management and accessing banking services too.

About KUDA company

  • Established in 2017
  • Region Lagos, (Nigeria)
  • Investors Oliver Jung, SBI Investment, Haresh Aswani, and 11 other investors
  • Founded by Babs Ogundeyi

Also Read: HOW TO SETUP HP DESKJET 2755 PRINTER TO WIFI

7. PAGA

Paga is also an online digital platform that also provides wallets for users, as a mode of operation. Its offers services like; online/offline purchases, funds transfers, payments, mobile airtime purchases, travel books, and more.

About Paga company.

  • Established in 2009
  • Region Lagos, Nigeria)
  • Investors Capital KD, Capital Adlevo, Sails Red Investments, and ten other investors
  • Founded by Tayo Oviosu, Jay Alabraba

8. JIJI.NG

The largest online fairly used content of different categories is Jiji. ng.  the platform gives users room to sell their already used items through the app.

Once the product is certified by the company, it is then placed on sale as an advert for available buyers. It also improves products via other social media websites.

About Jiji. ng. company.

  • Established in 2014
  • Region Lagos, (Nigeria)
  • Investors Genesis Investments, Knuru, TA Ventures, and one more investor
  • The founders Anton Wolyansky

9. 54GENE

Provides data for clinical drug development, clinical trials, and research purposes. 54gene contributed to the development of the gene bank of the African population. Genetic banking data also provide family training and personal care.

The company complies with international data privacy laws such as HIPAA and GDPR to develop its multi-bank.

About 54gene company.

  • Established in 2019
  • Region Lagos, (Nigeria)
  • Investors For good Businesses, Capital Ingressive, Y Combinator, and 12 other investors
  • Founded by Gatumi aliyu, Abasi  Ene-Obong

10. APPZONE GROUP

App zone offers banking and payment options for microfinance banks. The company offers a central banking solution called Bank One, which automates and manages the banking services of a retail bank.  Features include deposit products, loan management, financial accounting, bank support, checkout management, branch banking module, transfer module, security/adjustment, and traffic.  It also offers a card distribution solution called Prime One.

About App zone company.

  • Established in 2008
  • Region Lagos, Nigeria)
  • Investors Capital Constant Partners, Electronics, Greenhouse Capital, and four other investors

11. BITFXT

Bitfxt is a cryptocurrency exchange.  Users can register on the platform and save money by transferring a bank and credit card to their Bitfxt wallet.  They can buy and sell cryptocurrencies on the altar.  The application is available for Android and iOS platforms.

About Bitfxt company.

  • Established in 2017
  • Region Lekki (Nigeria)
  • Investors Payitup

12. TRADEDEPOT

TradeDepot is an online platform that provides control software. The company allows suppliers to create a dashboard based on information shared by their current teams.  It allows suppliers to manage distribution, including retail and demand areas, and manage orders and inventory.  They can also view the real-time view of the prices and discounts available for each major brand and request products that are then shipped as an order shipped to the appropriate store.  Some of its customers include Miksi, Coca-Cola, ONGA, and others.

About TradeDepot company:

  • Established in 2015.
  • Region Lagos, Nigeria)
  • Investors MSA, International Finance Corporation, and two other investors
  • Founded by Onyekachi Izukanne, Michael Ukpong

Conclusion:

This could be a nice idea to invest in these tech start-ups. To invest you can simply visit their website for more details on how to invest with them. Do drop any questions in the comment box. Like, share, and subscribe to our blog.

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