Start-ups look to Nigeria, which has 208.8 million people and Africa’s fastest-growing economy, as an important location for launching their businesses. As a battleground for startups in Nigeria, Nigeria has emerged as a haven for those looking to expand and establish themselves as a long-term digital leader.
Additionally, it has seen a GDP growth of 6.9 percent, making it the largest economy in Africa primarily due to its vital oil and gas production.
These startups in Nigeria have risen to the occasion and accepted the responsibility of creating world-class businesses and being a part of Nigeria’s many platforms and businesses. Startups in Nigeria use new technologies and fix people’s problems to spread their business. Startups in the transportation, banking, hotel and investment sectors are making a huge impact.
In Nigeria, many new businesses are finding success by offering their products and services to many people. Some African entrepreneurs have expanded their services throughout the globe and established themselves as a global brand because of the region’s rapid development.
A list of 30+ startups in Nigeria to watch in 2022 has been compiled below.
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Auto Check
These startups in Nigeria makes it easier for Nigerians to buy and sell cars. TLcom Capital and 4DX Ventures lead the $3.4 million funding round for this automotive technology business.
This firm’s goal is to provide a safe and secure car-buying and selling environment. To prolong the lifespan of your vehicle, Autocheck also offers repair and maintenance services in Nigeria.
If you’re looking for more than just a simple oil change and a new set of wiper blades, this is the place to go. You may download their app from the App Store and use it to upload your vehicle’s details, register it, and obtain a maintenance schedule.
Paystack
Paystack is Nigeria’s leading Fintech firm, and it’s expanding quickly. Paystack is currently primarily concerned with the processing of payments. Paystack makes it easier for retailers to accept payments from their customers. Two long-time friends started the company in 2015.
PiggyVest
Nigerians have embraced PiggyVest, a fast-growing Fintech startup. PiggyVest was once known as PiggyBank.ng before being renamed. With the software, Nigerians may save and invest money more conveniently. Download the app, register, and then saves or invest. It’s that simple!
Field Intelligence
Field Intelligence is promising startups in Nigeria with a lot of room to grow. It is their job to organize and distribute medical supplies. Many African countries have already taken advantage of their pharmaceutical supply chain services from Abuja, with the potential to expand to other continents. They launched a branch in Berlin, Germany, in 2018.
Youverify
Founded in Nigeria’s Lagos in 2013, Youverify is an Identity Verification startup. The startup’s access to numerous databases aids in the verification of identity. After launching in 2017, Standard Chartered, Sterling Bank, NIPOST, and Bolt have all cooperated with the company.
Carbon (PayLater)
Carbon is a rapidly expanding Nigerian Fintech business. Carbon’s primary goal is to give short-term loans to Nigerians without collateral through its mobile app. The startup just added an investment tool to its app. It is saving and earning interest for Nigerians. Carbon, formerly known as Pay later, changed its name.
Thrive Agric
Thrive Agric is a startup in agricultural technology that aids farmers in obtaining financing options. In addition to Sterling Bank and FCMB, many other companies are on this vast list of supporters.
Migo (KwikMoney)
Cloud-based platform Migo, formerly known as KwikMoney, provides unsecured loans to customers. Without a physical card, people can use Migo to purchase goods and withdraw cash. Migo was founded as Kwikmoney but has since changed its name. When it was known as Kwikmoney, they were one of the most famous startups in Nigeria.
Kobo360
When it comes to transporting goods, Kobo360 is a platform that simplifies the process for shippers, truckers, and cargo receivers alike. They rose to prominence after winning the MIT Solve Global Health Challenge in 2008. Kobo360 is one of Nigeria’s fastest-growing firms, thanks to its rapid rise in popularity in such a short period.
Eden
In Nigeria, this tech-enabled home concierge service is a one-of-a-kind startup. Maintaining your home and completing errands has never been easier, thanks to Eden! It takes care of your regular activities by appointing somebody to do them for you. This enables you to continue with your day-to-day activities as usual. It saves its consumers time and energy, and it is noted for its expertise.
Flutterwave
Through its APIs, Flutterwave makes it possible for its customers to create their payment systems. Custom payments can be built using this platform’s underlying technology, services, and infrastructure. Merchants, banks, and other financial institutions are among the company’s many customers. Since 2016, the business has handled approximately $8 billion in transactions.
Gradely
A startups in Nigeria called Gradely’s goal is to make learning more accessible to children. Each student’s learning gap is addressed early on by working with instructors, schools, and parents. In addition, they provide pupils with a personalized performance and learning path to follow. Real-time feedback is also provided. There is a catch-up component on Gradely where they design custom classes to aid students who have fallen behind.
Konga
Konga is a web-based retailer. From books to phones to food, it has it all. As an online shopping destination, Konga.com is well-known. As of 2012, it was just beginning to take off, but it’s now aiming to become the world’s largest commerce trading company. In this way, merchants and buyers can purchase large quantities of a given product.
Zinox Technologies has purchased Konga, a leading e-commerce platform. By providing a wide range of literature, healthcare, baby items, cell phones, laptops, and clothing, Konga.com aids customers in their personal development. For the past few years, Konga has provided excellent service to Nigerians, earning the company recognition as one of the top startups in Nigeria.
Opay
As a financial business that focuses on Africa, Opay develops a variety of goods that include payment processing, transportation, grocery delivery, and more. OPay is used by millions of individuals every day to transfer money and pay bills. VCs and Fintech companies are now based in Nigeria. They recently received a $120 million investment and obtained $50 million in private funding.
Otras
Otras is a learning tool for medical professionals that want to stay on top of their game. Orac’s goal is to create a learning platform that aids in the development of healthcare professionals. To now, they’ve helped a total of seventy-thousand dollars to support a variety of experts. Otras is regarded as one of the most excellent e-learning tools for African health practitioners because of these features.
ReQuid
ReQuid, startups in Nigeriathat lets you invest in agriculture, is an intriguing venture. This tool makes investing, managing and liquidating your investments easier. They’ve already racked up over a thousand users and are on track to become one of Nigeria’s most prominent firms.
Roqqu
Users can utilize their debit cards to purchase cryptocurrency through their mobile app or web platform. Users in Nigeria may securely exchange digital assets on this platform, which was built with them in mind. Bitcoin, TRON, and XRP can all be used to pay you on Roqqu.
Conclusion:
Nigeria has many start-ups that you should keep an eye on in 2022, so here they are: They all deserve to be on this list of the best startups in Nigeriain 2022 because they add so much value to the lives of Nigerians.
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