Nigeria, Africa’s most populous country and largest economy, has been gradually experiencing a shift towards more digital-friendly policies. This year alone the Nigerian government introduced new regulations to allow for easier access to international online payments services such as PayPal.
The country also recently celebrated its first Startup Weekend in Lagos with over 300 participants. It is not just Nigeria’s capital that is becoming increasingly vibrant though – startups are popping up across the country from Ibadan in the west to Kaduna in the north!
It is no longer a secret that the Nigerian tech industry has been on the rise, and it’s not showing any signs of slowing down. Nigeria is home to some of Africa’s largest startup hubs (Yaba), as well as one of its most successful tech companies in Nairametrics.
Thecountry also boasts impressive accomplishments in robotics, artificial intelligence, cybersecurity and space technology.
In this article, we take a look at some of the Nigerian startups that are on our radar to watch out for in 2023. We hope you will join us as Nigeria continues its ascent into Africa’s tech capital!
Nigerian startup ecosystem is going through an interesting phase where there’s more innovation and creativity from within than ever before. In this article, we take a look at some Nigerian startups that are on our radar to watch out for in 2023.
Some of the most interesting and promising young companies coming from Nigeria are working with innovative ideas and disruptive technologies in the fields of energy, agriculture, healthcare, education and financial services.
Nigeria is Africa’s largest economy but it also has one of the most vibrant startup ecosystems on the continent because its population remains predominantly young with 60% aged 25 or below.
The country also boasts impressive accomplishments in robotics, artificial intelligence, green energy, and fintech.
In this article, we take a look at some Nigerian startups that are on our radar to watch out for in 2023. These companies have made it onto the list either because of their innovations or disruptive technologies they’re working with – all innovative ideas and disruptive technologies which could help solve key challenges in the economy.
The article goes on to list companies that are developing innovative and disruptive technologies in Nigeria, such as artificial intelligence, robotics, green energy production, education innovations and financial services. It also explains how these companies could help solve key challenges related to economics faced by the country’s people.
I would like to thank the following people for their help with this blog post: 10 Nigeria tech to startup to watch out for in 2023 . I also want to give a shout out to all of my readers, who keep me motivated and encouraged by reading the articles that I write! If you enjoyed this article, please leave feedback in the comments below or on one of my social media.
The Nigerian technology space is seeing a surge of exciting and innovative startups, so it’s challenging to only choose ten! I tried my best to find the best ones out there that are coming up with new solutions for old problems in Nigeria. The following list of companies includes:
Farmcrowdy
Flutterwave
Hotels.ng
Mines
CowryWise
uLesson
Gradely
Rise Vest
WeMove Technologies
Chaka
Brief Explanation
1.Farmcrowdy
Farmcrowdy is a Nigerian startup that helps small-scale farmers get access to resources they need and provides training, technology, seeds etc. Farmcrowdy focuses on empowering rural communities in Nigeria through farming by engaging with farm sponsors who provide the necessary funds for this kind of growing project.
Unlikeother agricultural tech startups which usually focus only one region or country’s agriculture industry, Farmcrowdy has been involved with multiple countries such as Ghana and Kenya because it believes food should be produced locally rather than relying solely on foreign commodities like many developing nations do today.
The sole vision of Farmcrowdy is encouraging Nigerian citizens’ reliance on foreign commodities by providing funds for seeds, implemented farm techniques such as irrigation systems or crop rotation strategies; all leading up to training individuals how take care of their land properly so they can maintain high production levels throughout a typical harvest season
Farm Crowdy offers potential customers an opportunity that may not have been possible otherwise: becoming involved with agriculture without spending years learning about it at home.
Farm Crowdy offers potential customers an opportunity that may not have been possible otherwise: becoming involved with agriculture without spending years learning about it at home. Farmcrowdy does this by providing funds for seeds, implemented farm techniques such as irrigation systems or crop rotation strategies; all leading up to training individuals how take care of their land properly.
Farmcrowdy is an agricultural crowdsourcing company, which allows people with interest but no knowledge of agriculture to invest in and manage small farms across Africa. Individuals interested can provide funds for seeds, implemented farm techniques such as irrigation systems or crop rotation strategies.
Farmcrowdy has grown exponentially in such a short time, and is now enabling many Nigerians to make their dreams come true. In 2017 alone Farmcrowdy received over $1 million from both international as well as local sponsors for the farm funding stipend.
2.Flutterwave
In 2016, four Nigerian engineers and former bankers founded Flutterwave as a top fintech startup company to provide seamless payment solutions for individuals, banks, merchants across the continent of Africa.
The founders recognized that financial infrastructure in most African countries was lacking but could be improved through innovative technology-driven systems like Mpesa which had been introduced by Kenya’s Safaricom earlier on; however this solution didn’t have an international aspect—until now.
By building state-of-the art technologies over mobile networks or internet connections anywhere within Nigeria and other parts of Africa where there is no physical bank branch presence (ease), Flutterwave has helped connect these economies with those around the world enabling people who live here to receive payments in Nigeria and abroad.
Flutterwave’s goal is to solve the problem of a lack of financial infrastructure by building state-of-the art technologies over mobile networks or internet connections anywhere within Nigeria and other parts of Africa where there is no physical bank branch presence (ease).
3.Hotels.ng
Hotels.ng is an online travel agency that helps travelers find a great place to stay in Nigeria by providing extensive customer reviews, seamless service, and care for each customer’s needs.
They were established as a Nigerian company with the intent of improving Nigerians’ quality of life while traveling abroad or domestically within their own country through booking easy-to-find hotels at affordable rates on Hotels.ng
When looking for hotels, Hotels.ng is the best choice in Nigeria to provide a seamless extensive care and support throughout their holidays with customer reviews of each hotel available at any time.
After investing $75,000 into Hotel.ng shortly after it began its operations in 2013, Spark invested an additional $150 000 onto this company when they saw significant improvements across the board from management to service quality thanks to Mark Essien’s hard work as CEO which has resulted in one of Africa’s fast-growing online travel agencies!
Hotel bookings can be made seamlessly through Nigerian agency Hotels. ng who offers customers thorough care starting on choosing what kind of room will suit them most until checking out or even cancelling if need be via emailing.
4.Mines
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.
Mines does this by looking at the clients’ payment transaction history and then determining if they are eligible or not based on what kind of relationship they have had with Mines previously
– some people might be able receive more than others depending on how many transactions have been completed successfully through them before being approved for any form of credit from Mines!
5.CowryWise
CowryWise is a cutting-edge financial startup company that helps automate your investments and earn 10%-15% interest each year in return. This fintech company was built with Bank-Grade securities, works with PCIDSS compliant technology, and only deals exclusively on saving money for customers to form the habit of savings.
6.uLesson
ULesson is an edtech startup that wants to help students in Nigeria get a head start on college applications by teaching them subjects and offering mock exams. The company was founded by Sim Shagaya, the owner of Konga Store and DealDey.
Ulesson currently has 3 million dollars invested from TLcom Capital before its establishment in February 2020 which will most likely grow as more people use their platform for high school education.
uLesson provides online courses and tutoring for high school students. The company has many partnerships with different schools in Nigeria, including the University of Lagos (UNILAG) to help more people get a head start on their college applications by teaching them subjects and offering mock exams. Ulesson currently has three million dollars invested from TLcom.
7.Gradely
Gradely is a new edtech company established in 2019. They are similar to uLesson, but instead of an adaptive learning system for secondary school students they use smart algorithms and data that helps parents ensure their kids have the best materials during periods when schools are closed due to pandemic outbreaks like this year’s measles outbreak.
In the pandemic, many students were left to work on their own with limited support and resources. Gradely stepped in during this time by providing learning materials for a more personal experience without leaving them feeling alone or unsupported.
8.Rise Vest
Rise Vest is a Nigerian-based, tech company that allows users to invest their money in dollar designated assets and earn interest commissions.
Rise Vest was initially launched as Cashestate – an app service for savvy millennials who want the opportunity of investing naira into US dollars with no risk factor.
In 2019, this brand rebranded themselves from being just another fintech startup with one product to offer (currency conversion) into becoming Nigeria’s first venture capital investment platform dedicated exclusively towards young people looking to do something meaningful about our economy while earning good profits on investments at the same time!
9.WeMove Technologies
WeMove Technologies is a Nigerian-based tech startup company that provides reliable transport solutions for their customers. With the mission to “deliver affordable and dependable transportation through technology” they founded in 2017 by Chima Ezeokoye, Majid Tokurah, and have expanded into Kenya, Ghana & Zambia due to increased need of such services.
Their platform allows users can find any vehicle they want before connecting them with drivers all over Africa who are able to provide this service on demand!
They’re definitely making waves when it comes time for anyone looking at innovative ways of solving issues – whether its finding someone willing or transporting people from one place to another (or both!) via WeMove’s vast network within Nigeria/Africa .
“WeMove’s platform allows users can find any vehicle they want before connecting them with drivers all over Africa who are able to provide this service on demand!”
– Chima Ezeokoye, Majid Tokurah & team.
The company also offers a subscription package for their customers which provides weekly or monthly rides.
1O. Chaka
Chaka is a new company that was launched in 2019 to provide an investment platform for users. They give their customers the opportunity to invest in foreign stock markets such as the New York Stock Exchange, and NASDAQ along with Nigerian own local stock exchange.
Chakacurrently led by Tosin Osibodu and offers two-system opportunities where both locals or foreigners can benefit from investing in stocks on international or national levels respectively
Chakra provides investors of all experience levels access to global financial instruments like NYSE & NASDAQ while also giving Nigerians another avenue through which they can invest locally.
Foreign stock markets such as the New York Stock Exchange and NASDAQ along with Nigerian own local stock exchange. Chaka currently led by Tosin Osibodu and offers two-system opportunities where.
I only included ten of the many startups that are revolutionizing Nigeria’s tech space, but I am excited to see what other Nigerian companies will emerge in 2020 and 2021! This year has already been very interesting as we have seen a lot of new ventures getting funding for their projects .
The Nigerian technology space is seeing a surge of exciting and innovative startups, so it’s challenging to only choose ten! I tried my best to find the best ones out there that are coming up with new solutions for old problems in Nigeria.