Nigerian entrepreneurs have had to contend with a number of peculiar challenges in modern times. They range from difficulty in accessing adequate funding, to high cost of operations (amongst others). In spite of this, Nigeria is still adjudged one of the best countries in Africa to establish business – leading the drive for entrepreneurship. Technology and the internet are redefining the game. And more technology startups continue to rise up to the challenge with exceptional, cutting-edge solutions.
Here in his article, we will highlight some of the most forward-thinking and innovative Nigerian technology startups to watch out for in 2024.
Moove
Moove is a vehicle financing fintech startup whose operations began in 2020. And ever since, the company has been providing car financing solutions to help people acquire their desired vehicles across Africa. Furthermore, the company has a special ride-to-own package to assist ride-hailing cab owners. It also operates a credit-scoring technology which is integrated into e-logistics and ride-hailing websites. This allows access to critical performance data of mobility companies in the bid to obtain loans.
Chekkit
Chekkit operates as a car verification platform. It particularly uses AI and big data to block cases of fraud, especially in the used/refurbished car resale markets.
Bamboo
Bamboo Invest promises to curb the effect of devaluing Naira value, by offering alternative investments in US Dollars (which is more stable and lucrative). The technology startup gives access to foreign investments in sizable and affordable fractions. One can easily set up a broad range of portfolios and earn in stable, less volatile currencies than the Naira.
Flex Deals
Flex Deals is an e-commerce platform notable for providing finance options, along with discounts and best deals on quality products. Everything is integrated into one single place. You are assured of obtaining upfront credit, as well as cost savings on your online purchases.
Credpal
Credpal is an laudable buy-now-pay-later fintech platform. It offers upfront financing of online purchases to all manner of consumers, whether they have access to banking facilities or not.
FoodCourt
FoodCourt is a food technology startup with a superb platform linked to several renowned eatery brands you can choose from. It helps to ensure premium service, quality assurance, and quick food delivery that beats other foodtech contemporaries in the game.
Wellness Health Technologies
This is one health technology startup making a difference in providing customized healthcare packages to people. With its Wellness Plus app and Wellness Microcare program, it serves both custom-built health solutions and preventive healthcare to those in need. It also has the Pharmacentre with its impressive medicine distribution model.
Helium Health
Helium Health is another healthcare technology startup that offers the largest digitalized Electronic Medical Records (EMR) and Hospital Management Information (HMI) systems across West Africa. This is achieved by enrolling the medial records of healthcare centers in its revolutionary HeliumOS.
Additionally, it offers the HeliumCredit initiative to provide loans to hospitals, pharmacies, diagnostic centres, and clinics. With such loans, health centers can better acquire necessary medical equipment and drugs, thus aiding in their growth and expansion strategies.
Eko Institute of Technology
This is a hands-on skill acquisition technology startup in Lagos. They welcome both young and old technology enthusiasts to learn top-notch hardware technologies and software development skills.
Innovia Labs
Innovia Labs is an open-access deep-tech creators space leading the drive for innovation in Nigeria. The platform has become a forerunner in the Research and Development Space. Furthermore, it is a commendable platform in sourcing for assemblage and fabrication materials right in Nigeria.
D-Aggregate
D-Aggregrate is a data collection and analytics technology startup. It gathers and analyses detailed market data from local sources, ready-made for sub-Saharan governments and businesses to use. To ensure this, it has a large collection of data aggregators (exceeding 20,000) all over West Africa. Thus, they are charged with building and adding to their huge database of valuable market data, to drive quality decisions by both governments and businesses within the locality.
Branch
So far, Branch is already well known in the business of providing instant loans for Africans. But the fintech startup has decided to extend its range of services. The platform now offers the opportunity to invest in global financial stocks and Exchange-Traded Funds (ETFs). Thus it gives Nigerians (and Africans) the opportunity to earn from higher-valued currencies such as the US Dollar, to escape losses incurred from the unstable and undervalued Naira. The platform is also commendable in its drive to provide valuable knowledge and investment insights to its customers, in order to promote financial literacy.
Remedial Health
This foremost pharmaceutical healthcare technology startup is revolutionializing the way pharmaceutical drugs are made available across Africa. It has designed technology solutions to improve Africa’s pharmaceutical value chain.
Thus, healthcare providers have the opportunity to obtain genuine and cost-friendly medical supplies and devices directly from manufacturers and distributors.
