All News

Startups in Nigeria

Startups in Nigeria

Startups in Nigeria   Nigeria has the largest economy in Africa as well as the largest population on the continent, so it comes as no surprise that the country is a hotbed for startups in Africa. In line with trends across Africa, microfinance companies are leading the enduring race to find investors, attracting almost 30% of all VC investments in Q2 2018 in Nigeria, according to Below are overviews of 3 out of the many start up companies making waves in the country. is a finance management platform helping Nigerian debit card holders save their finances efficiently in an environment with no tangible credit system in place. Most payments here are made in cash, making savings difficult to maintain.’s concept is simple – allow savers to save from as little as N50/day [USD1= approx. N363.5] and then restrict when they can withdraw their savings to an agreed date of their choice. Savers can also withdraw for free once every quarter. Savers can save between N50 – N25 000 daily, N1000 – N100 000 weekly, N3 000 – N500 000 monthly using the Autosave™ option. The Quicksave™ option allows savers to also, at any time, add up to N500 000 to their savings. Additionally, there’s the Safelock™ option, a quasi-FDA (fixed deposit account) allowing users to put aside an amount of money separate from their normal savings for any duration between 10 and 1000 days – this amount is ‘locked’ for the entire agreed duration. Financial discipline is incentivised by enabling ‘piggybankers’ to earn on average 6% per annum on automated savings or 10.95% on the Safelock™ product. Furthermore, users are penalised 5% of any withdrawal outside of the agreed dates, removing the temptation to withdraw. At, we believe that despite the superbly innovative products on offer perhaps the most remarkable achievement of this fintech start up to date has been their ability to find investors locally. Their latest seed round announced on the 31st of May 2018 raised $1.1M with lead investors from Nigeria, Leadpath Nigeria.  


  Bankly was founded by Tomilola Adejana with the core mission of enabling financial inclusion in the traditionally cash-based economy of Nigeria. This start-up company’s “Recharge to Save” model is growing on the back of the status quo by taking advantage of existing networks, and infrastructure. The cash digitization voucher system has proven to be successful in the telecoms industry. For a nation with over 150 million mobile phone users, Bankly has adopted this system – reducing the cost of accessing financial services and creating a platform to develop other financial services. Nigeria has a predominantly young population – subsequently, millennials disregarded for or disillusioned with traditional banking services are finding solace in digital banking products such as Bankly. The convenience, lack of banking fees and ease of access provided by the digital banking experience is appealing to most millennials. For these same reasons, Bankly is facilitating the financial inclusion of low-income households who have traditionally been excluded from the formal financial sector. Bankly is currently available on the Airtel, Glo, MTN and 9mobile networks in Nigeria and users can buy recharge cards from agents across the country and deposit money into their Bankly account. Bankly also allows for simple and convenient payments for users be it, bill payments, airtime, utilities, remittances or peer to peer. While the primary goal is to encourage users to save, they can still easily cash out at an agent or to an assigned bank account. Startupbootcamp has invested in Bankly.


  Founded in September 2016, Thrive Agric self-describe as farmers first ‘then a technology driven company passionate about driving change among small holder farmers.’  Using a crowdfunding platform, Thrive Agric provides farmers with the financial support they need to grow in the form of inputs, access to markets and advice-giving via tech. This ground-breaking start up cleverly found a way to marry small holder farmers and urban dwellers interested in agriculture for the greater good. The farmers needed financial support to increase yield and access to premium markets, and on the other hand, despite their interest, urban dwellers were deterred from starting farms by the logistical challenges. In a stroke of genius, Thrive Agric put two and two together and decided to offer ordinary folk the chance to invest in agriculture. So how does it work? On the platform you’ll find farms listed with information on how much each unit (specific size/quantity livestock per posting) needs, how long until ROI and the percentage returns. Subscribers can then invest in any of the listed units through online payment. The funds will be used for inputs, insurance and marketing. Subscribers will be regularly updated on the progress at the farm all the way through to harvest and, after harvest, they receive their investment plus any returns. Profits are shared using a 40:40:20 model, 40% goes to farmers, 40% to subscribers and the remaining 20% to the startup company. To date, Thrive Agric has raised $20K funding from Lead Investors, Ventures Platform.  



  1. Sannytag

    December 11, 2018 at 7:16 pm

    Nice posts! 🙂

  2. Sannytag

    December 16, 2018 at 1:30 pm

    Look my site is good

  3. Andytag

    December 28, 2018 at 1:40 am

  4. Gretchen Osgood

    April 8, 2019 at 8:00 am

    Good morning

    I am looking to build up my B2B email list for newsletter marketing.

    I am very keen to get Ivy’s B2B Leads Miner – Yellow Pages Scraper Software as it is probably one of the best Yellow Pages scrapers for UK and USA out there.

    I was just wondering if you have ever used this particular or any other scrapers before?

    Cheers guys!

  5. Bichara Previc

    April 18, 2019 at 1:52 pm

    Now it’s time to pick your specific investments.

  6. Highlights Football

    April 20, 2019 at 10:23 pm

    I have to thank you for the efforts you’ve put in writing this website.
    I’m hoping to view the same high-grade content from you later on as well.

    In truth, your creative writing abilities has motivated me to get
    my own, personal website now 😉

  7. KelPere

    April 23, 2019 at 11:29 am

    Antibiotics To Take With Amoxicillin Allergy Viagra Prescription Needed Buy Valtrex Canada Online cialis 20mg price at walmart Propecia Works Men


    April 23, 2019 at 2:10 pm

    Greetings! I’ve been following your website
    for some time now and finally got the courage to go
    ahead and give you a shout out from Humble Tx! Just wanted to say keep up the good

  9. Damaris

    April 23, 2019 at 3:37 pm

    If you want to improve your experience only keep visiting this
    web page and be updated with the newest information posted here.

  10. Rodrigo Branco

    April 23, 2019 at 4:03 pm

    I like the helpful info you provide in your articles. I’ll bookmark your weblog and check again here regularly.
    I’m quite sure I’ll learn lots of new stuff right here!
    Best of luck for the next!


    April 23, 2019 at 4:52 pm

    If you are going for most excellent contents like me, just visit this
    web page every day since it provides feature contents, thanks


    April 23, 2019 at 5:42 pm

    Fine way of describing, and fastidious post to obtain data
    concerning my presentation topic, which i am going to deliver in academy.

  13. Cyril

    April 23, 2019 at 9:59 pm

    These are really impressive ideas in about blogging.

    You have touched some good points here. Any way keep up wrinting.


    April 23, 2019 at 10:38 pm

    Hey! Quick question that’s entirely off topic. Do you know
    how to make your site mobile friendly? My website
    looks weird when viewing from my iphone 4. I’m trying to find a theme or plugin that might be able to fix this issue.
    If you have any recommendations, please share.

  15. Leonardo Martins de Almeida

    April 24, 2019 at 12:03 am

    My relatives all the time say that I am killing my time here at net,
    except I know I am getting know-how all the time by reading such pleasant content.

  16. Dominga

    April 24, 2019 at 12:59 am

    Wow! This blog looks just like my old one!
    It’s on a completely different topic but it has pretty much the same layout and design. Outstanding choice of colors!

  17. Rodrigo Branco

    April 24, 2019 at 1:19 am

    WOW just what I was searching for. Came here by searching for ig

  18. Daniel Valente Dantas

    April 24, 2019 at 2:48 am

    I am regular reader, how are you everybody? This paragraph posted at this site is in fact nice.

  19. Vicki

    April 24, 2019 at 3:04 am

    Do you mind if I quote a couple of your posts as long as I provide credit and
    sources back to your weblog? My blog is in the very same
    niche as yours and my users would certainly benefit
    from a lot of the information you provide here.
    Please let me know if this ok with you. Thanks!

  20. Rick

    April 24, 2019 at 3:19 am

    Terrific work! That is the kind of info that should be shared across the
    internet. Shame on the seek engines for now not positioning this submit higher!

    Come on over and discuss with my website . Thanks

  21. Leonardo Martins de Almeida

    April 24, 2019 at 4:00 am

    When someone writes an article he/she maintains the image of a user in his/her brain that how a user can be aware
    of it. Therefore that’s why this paragraph is perfect.

  22. Maybelle

    April 24, 2019 at 4:49 am

    Currently it looks like WordPress is the best blogging platform
    out there right now. (from what I’ve read) Is that what you are using on your blog?

  23. Marcy

    April 24, 2019 at 5:01 am

    I really like what you guys are usually up too. This kind of clever work and reporting!
    Keep up the terrific works guys I’ve included you guys to my personal blogroll.

  24. Dorthy

    April 24, 2019 at 5:48 am

    Everyone loves it when folks come together and share ideas.
    Great blog, continue the good work!

  25. Rodrigo Branco

    April 24, 2019 at 7:37 am

    Hi! Do you know if they make any plugins to assist
    with SEO? I’m trying to get my blog to rank for some targeted keywords but I’m not seeing very good success.

    If you know of any please share. Cheers!

  26. Selma

    April 24, 2019 at 9:53 am

    Right away I am ready to do my breakfast, after having my
    breakfast coming again to read further news.


    April 24, 2019 at 10:50 am

    Your style is so unique compared to other people I have read stuff from.
    Thank you for posting when you have the opportunity, Guess I will just bookmark this site.

  28. Luiz Gastão Bittencourt

    April 24, 2019 at 1:54 pm

    An impressive share! I’ve just forwarded this onto a coworker who had
    been conducting a little research on this.
    And he in fact bought me breakfast because I discovered
    it for him… lol. So let me reword this….
    Thanks for the meal!! But yeah, thanx for spending time to discuss this matter here
    on your site.


    April 24, 2019 at 2:21 pm

    Nice post. I was checking continuously this weblog and I’m inspired!
    Extremely useful info particularly the ultimate part 🙂
    I handle such info a lot. I was looking for this certain info for a
    long time. Thanks and best of luck.


    April 24, 2019 at 3:20 pm

    Hey There. I found your weblog the usage of msn. This is a really well written article.
    I’ll make sure to bookmark it and come back to learn more of your useful information. Thanks
    for the post. I will certainly return.

  31. Minna

    April 24, 2019 at 4:17 pm

    Hey There. I found your blog using msn. This is a really well written article.
    I’ll make sure to bookmark it and return to read more
    of your useful info. Thanks for the post. I’ll definitely comeback.

  32. Manuel

    April 24, 2019 at 4:27 pm

    Incredible points. Outstanding arguments. Keep up the great work.

  33. Daniele

    April 24, 2019 at 5:57 pm

    This page certainly has all of the information I needed concerning
    this subject and didn’t know who to ask.

  34. Jimmie

    April 24, 2019 at 6:23 pm

    I am regular visitor, how are you everybody? This post posted at this web site is
    really fastidious.


    April 25, 2019 at 12:05 am

    This article provides clear idea in support of the
    new users of blogging, that actually how to do blogging and site-building.

  36. Renato Franchi

    April 25, 2019 at 1:42 am

    Hi mates, its fantastic post on the topic of
    cultureand fully explained, keep it up all the time.

  37. Rodrigo Branco

    April 25, 2019 at 2:04 am

    Do you have a spam problem on this website; I also am a blogger, and
    I was wanting to know your situation; many of us have created some nice practices and
    we are looking to swap solutions with other folks, be sure
    to shoot me an email if interested.

  38. Apex Legends Season 1

    April 25, 2019 at 4:54 am

    This web site definitely has all the information and facts I wanted about this subject and didn’t know who to ask.

  39. Leonardo Martins de Almeida

    April 25, 2019 at 5:01 am

    Greetings! Very helpful advice in this particular article!
    It’s the little changes that will make the most important
    changes. Many thanks for sharing!


    April 25, 2019 at 6:14 am

    These are in fact enormous ideas in concerning blogging.
    You have touched some good factors here. Any way keep up wrinting.

  41. Luiz Gastão Bittencourt

    April 25, 2019 at 9:06 am

    Link exchange is nothing else however it is just placing the other person’s blog link on your page
    at proper place and other person will also do
    same in support of you.


    April 25, 2019 at 10:15 am

    Hello, i believe that i saw you visited my site thus i came to
    return the favor?.I am attempting to to find issues to improve my website!I
    assume its good enough to make use of some of your ideas!!

  43. Leonardo Martins de Almeida

    April 25, 2019 at 1:08 pm

    I know this if off topic but I’m looking into starting my own weblog and was wondering what all is needed
    to get setup? I’m assuming having a blog like yours would cost a pretty penny?
    I’m not very internet smart so I’m not 100% certain. Any suggestions or advice would be greatly appreciated.
    Appreciate it

  44. Rodrigo Branco

    April 25, 2019 at 3:18 pm

    I pay a visit every day some websites and websites to read posts, except this weblog provides quality based content.

  45. Rodrigo Branco

    April 25, 2019 at 8:03 pm

    Appreciating the time and energy you put into your website and
    detailed information you provide. It’s nice to come across a
    blog every once in a while that isn’t the same outdated rehashed material.

    Fantastic read! I’ve saved your site and I’m adding your RSS feeds to my Google account.


    April 26, 2019 at 12:47 am

    Hi there, I discovered your site via Google whilst looking for a similar topic, your site came up,
    it seems to be great. I’ve bookmarked it in my google bookmarks.

    Hello there, just turned into alert to your blog via
    Google, and found that it is really informative.
    I am going to watch out for brussels. I’ll appreciate when you proceed this in future.
    Lots of folks shall be benefited out of your writing.



    April 26, 2019 at 1:19 am

    I’ve been browsing online greater than three hours today,
    yet I never found any fascinating article like yours.
    It is beautiful value sufficient for me. In my
    view, if all web owners and bloggers made just right content as you probably did,
    the web will probably be a lot more useful than ever before.

  48. Emmanuel

    April 26, 2019 at 2:10 am

    Wow that was odd. I just wrote an incredibly long comment but after I clicked submit my comment didn’t show up.
    Grrrr… well I’m not writing all that over
    again. Regardless, just wanted to say great blog!


    April 26, 2019 at 2:14 am

    Hey would you mind sharing which blog platform you’re working with?
    I’m going to start my own blog soon but I’m having a hard time making a decision between BlogEngine/Wordpress/B2evolution and Drupal.
    The reason I ask is because your layout seems different then most blogs and I’m looking for something completely unique.
    P.S Apologies for being off-topic but I had to ask!

Leave a Reply

Your email address will not be published. Required fields are marked *

Most Popular

The Two4Africa Team is determined to make this website very dynamic, trying to update the page as frequently as possible by also asking readers to contribute and release articles.


Mr Hubertus von Drabich
Newlands, Harare, Zimbabwe

Phone: +971 00 000 0000

Copyright © 2018

To Top