Nigerian startups economically excelled this year, 2022 despite the hardship. Some made waves internationally and even put the spot light on Nigeria.
Nigeria is becoming a popular destination for entrepreneurs. These startups are developing novel solutions to problems in all sectors of the economy.
As a result of these startups, international communities and investors are beginning to see reasons to believe in Nigeria.
Here are 7 Nigerian startups of the year
Bamboo
Bamboo is a financial platform that allows you to access smarter investment opportunities and earn returns.
We make investing simple, accessible, and cost-effective.
In January 2022, the startup raised $15 million, followed by another $17.4 million in March 2022, and experienced a 68% increase in employment. Bamboo, founded in 2020 by Yanmo Omorogbe and Richmond Bassey, has a $7.4 million annual revenue.
Flutterwave
Flutterwave is one of the world’s most rapidly expanding payment companies.
Since its inception, Flutterwave has processed nearly $2 billion in payments and 25 million transactions in the 33 African countries where it currently operates.
Moove
Ladi Delano and Jide Odunsi founded Moove, a Nigerian-born global start-up, in 2020. Moove was founded in response to a problem that over 2 million African mobility entrepreneurs face: a lack of vehicle financing. Moove was created to address the transportation issue in Lagos and has since expanded to six cities across Africa.
Gradely
Gradely is a Nigerian startup. Gradely is working to make learning more enjoyable for children. They collaborate with students, teachers, schools, and parents to identify and close gaps in each student’s learning.
Paystack
Paystack is a technology startup that solves payment issues for forward-thinking businesses. Our mission is to assist African businesses in becoming profitable, envied, and loved.
Wealth.ng
Wealth.ng is an investment marketplace/tech startup where you can easily invest in treasury bills, stocks, mutual funds, and real estate.
Beacon Power Services
Beacon Power Services (BPS) is Africa’s leading provider of data and grid management solutions.
BPS pledges to improve the quality and duration of electricity supplied to African cities by constructing smart grids across the continent and utilizing data to reduce significant inefficiencies in electricity distribution systems.
