With nearly 210 million Nigerians, tech startups in Nigeria are investing heavily to meet the needs of the ever-increasing populace and solve their problems with innovations in the tech industry.
This article is a detailed list of tech startups in Nigeria you should know.
Knowing that the tech industry is currently the most vibrant today, we’re aware that entrepreneurs and investors in the business world are looking for accurate information about the tech industry they dive into, especially in Nigeria.
Why this article provides you with the latest and most relevant information about the top 10 tech startups in Nigeria. But before we go into the details of each of these tech startups in Nigeria, let’s quickly see how many of them we have in Nigeria.
That leads into the next subhead below.
How Many Tech Startups Are in Nigeria?
Globally, there are over 12,000 Fintech startups, with 5,779 in the U.S. As a country renowned for a large number of startups, Nigeria is also doing well in the tech industry.
In Nigeria, Fintech startups were up to 144 in 2021. In 2022, the number has shot up. As one of the top African countries with emerging technologies and innovations, this is not surprising.
Now, shall we check out the interests of prominent tech startups in Nigeria?
Tech Startups in Nigeria and their Interests
Tech startups in Nigeria are interested in finance, investments, hospitality, logistics, and more. Many significant technological transformations are currently ongoing in Nigeria in these aspects.
As a result, many tech startups in Nigeria have gained ground in their respective industries. They have transitioned from a small business status to notable brands with international recognition.
Now to the article proper.
The Top 10 Tech Startups in Nigeria
Below is the detailed list of the top 10 tech startups in Nigeria.
Are you looking to get books, smartphones, groceries, smartwatches and more? Konga is an e-commerce website that serves you all of these packages for online orders.
Konga began in 2012 and has scaled up faster in the last few years. It aims to be one of the biggest e-commerce companies alive. One of its uniqueness is that it permits buyers and sellers to make bulk transactions on products.
Zinox Technologies later acquired Konga. Having been able to sustain its consistency in providing relevant services to Nigerians for many years, it has become one of the top startups in Nigeria.
Founder: Prince Nnamdi Ekeh and Sim Shagaya
Total Funding: $79.5M
Year Founded: 2012
Address: Kosofe, Nigeria
Contact: 0708 063 5700, 0809 460 5555
If you’re considering buying a car or selling off one, Autocheck, one of the top startups in Nigeria, makes it easier for you. This startup seeks to create a conducive environment to buy and sell automobiles.
Also, Autocheck stands out with its unique repair and maintenance services. With that, this startup doesn’t just leave you alone to deal with your car issues. You’re more likely to bring it for repairs once you buy it from them and can rest assured that your car is well serviced.
From car washing, battery service, painting, to panel beating, tire repairs, car brake repairs, and engine service, everything you might need to maintain your car is what Autocheck provides. You can easily download the app on the App store. You can upload the information about your car and schedule an appointment to repair or maintain your car.
Founder: Etop Ikpe
Total Funding: $3.4 million
Founding Year: 2020
Contact: +234 700-288-6243
Hotels is a Nigerian online travel booking agency. This startup offers you the opportunity to book hotels in a quick, simplified and efficient way.
People who use their service can book a hotel, pay for it, review and even write recommendations online. This helps others take advantage of the service this startup provides.
Hotels.ng is keen on ensuring that Nigerians enjoy a favorable and highly m memorable hotel experience. To date, they’ve successfully collaborated with 7,138 hotels from around 320 cities of Nigeria.
Founder: Mark Essien
Total Funding: $1.5 million
Year Founded: 2012
Category: Tourism and Hospitality
Address: 3, Birrel Avenue, off Herbert Macaulay Way, Sabo, Yaba, Lagos
If you want to invest in a premium or you seek to enjoy seamless financial services, CowryWise is the best place to visit.
CowryWise is among the top startups in Nigeria which has successfully automated and eased saving and investment processes.
To get started, you’ll have to sign up for any available investment plan. And every month, a specific amount is deducted to be credited to your CowryWise account. You don’t only save your money but also have the chance to grow it. Their unique selling point is that they offer a fatter ROI to investors.
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Founder: Edward Popoola, Razaq Ahmed
Total Funding: $170,000
Year Founded: 2017
Category: Banking and personal finance
Address: 5C Rev.Ogunbiyi St, Ikeja GRA, Ikeja, Nigeria
With Flutterwave APIs, clients, businesses, and organizations can build customized payment services.
Flutterwave provides technology for custom payments to facilitate smooth transactions for merchants, businesses, and banks. Since its inception in 2016, transactions with the company have risen beyond $8 billion. It’s one of the top fintech startups in Nigeria.
Founder: Iyinoluwa Aboyeji, Olugbenga Agboola
Total Funding: $64.7 million
Year Founded: 2016
Address: 8, Providence Street, Lekki Phase One, Lagos, Nigeria.
Contact: +234 1 280 9030
Lifebank is one of the top startups in Nigeria which seeks to help sick patients needing blood.
It does this with an app connected to hospitals, health centers, and clinics across the country. They supply blood and other medical necessities such as drugs, oxygen, and medicines to people who need medical care.
Lifebank has carved a name for itself, having worked with over 670 hospitals since it began in 2015. What’s more? They’ve delivered over 28,000 medical supplies for treating sick patients. And as a result, Lifebank has saved over 10,500 lives in the last 8 years.
Founder: Temie Giwa-Tubosun.
Total Funding: $225k
Year Founded: 2015
Address: Connal Road, 1 Herbert Macaulay Way, Yaba 101212, Lagos, Nigeria
Contact: +234 909 716 7238
Have you ever needed to make learning fun and easier for children?
With Gradely, a startup in Nigeria that works to make it easier for children to learn quickly, your learning needs are met already.
Gradely interacts with students and teachers, schools, and parents to identify and bridge the learning gaps in each student. They structure a performance projection pattern for students to follow. They give feedback as the students learn. More than that, they offer to catch up sessions where students learn with personalized lessons.
Founder: Boye Oshinaga
Total Funding: $ 35K
Address: 8 Montgomery Rd, Yaba 100001, Lagos, Nigeria
Contact: (+234) 810 059 8268 (+234) 805 596 7844
Opay is a financial startup for Africans. It helps you process payments, shop for groceries, pay for transport, food delivery, and more.
Millions of people now use Opay daily to transfer, transact, or pay bills. Opay uniquely charges the lowest fees all over Africa. It’s no wonder why it makes it to our top 10 list of startups in Nigeria.
Opay is funded for $120 million though it has generated $50 million earlier, which altogether amounts to $170 million.
It enables access to financial services at very affordable rates. Who wouldn’t want to access financial services and pay less for more? It’s no doubt the fastest-growing fintech startup in Nigeria in particular.
Founder: Yahui Zhou
Total Funding: $170 million
Year Founded: 2018
Address: Alexander House, Otunba Jobi Fele Way. Ikeja. Lagos, Nigeria.
Paga is one of the top startups in Nigeria created for easier online transactions.
It’s a mobile app developed for making payments and receiving funds. Customers who use Paga are currently close to 17,000,000, with almost 27,000 agents.
With Paga, you can make free transactions. It is a digital payment medium that has stood to be one of the top startups in Nigeria.
Founder: Tayo Oviosu
Total Funding: $32,700,000
Year Funded: 2009
Category: Digital payments
Address: 176 Herbert Maculay Road,
Eden is one of the top startups in Nigeria that helps you take care of your home tasks and chores.
With Eden, you can go on with your life and still take care of your homes and chores. They assign a person to help you complete your daily tasks. That way, you’re able to reserve your energy and use your time for something more important to you.
Founder: Nadayar Enegesi (CEO), Prosper Otemuyiwa, and Silm Momoh
Founding Year: 2019
Category: Home Service, Technology
Address: Block D3 Flat 5, Jacob Mews Estate, Adebisi Street, Yaba, Lagos, Nigeria.
Contact: +234 903 964 2139
All of the startups above successfully made it to our list of top 10 startups in Nigeria. They are rising fast and providing Nigerians with great and invaluable services.
So they deserve recognition for the hard work and value they’re giving to millions of lives. Though there are several other startups, this list is TheNigeriaWeb’s top 10 list of tech startups in Nigeria.
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