February 8, 2023

LinkedIn has become a hotbed for new startups. These businesses are redefining their respective industries with their cutting-edge products, services, and ideas. This list offers useful information you should know, whether you’re an entrepreneur looking for inspiration or you just want to keep up with trends in new enterprises.

LinkedIn’s Top 10 Nigerian startups

The ten most promising startups are reviewed below in no particular order.

1. Bundle Africa

Using social payment technologies, Bundle Africa facilitates cash and bitcoin transactions. The business encourages the use of cryptocurrencies on the continent by making them more entertaining, approachable, and inclusive for Africans.

Yele Bademosi, the creator of Microtraction and a previous director of Binance Labs, and Emmanuel Babalola served as the company’s founding members. The corporate headquarters of the corporation are located in Lagos.

The Nigerian start-up presently employs 60 people, according to LinkedIn. The company’s three major employment categories are engineering, customer service, and support.

Bundle Africa

2. Utiva

To equip people with technological knowledge, Eyitayo Ogunmola launched the educational technology business Utiva in 2017. It offers training services to important startups and enterprises to engage with and hire talent from the platform and among Africans.

Utiva offers live, online classes in subjects including data analysis, product management, digital marketing, artificial intelligence, and UI/UX design, all taught by knowledgeable educators. The firm was chosen as one of the $3 million Community Accelerator Winners for Facebook in 2021.

The firm presently employs 55 full-time workers, 55 of whom work in information technology, marketing, and engineering, according to LinkedIn.


3. Okra

Okra is described as an API “super-connector” that establishes a safe portal and procedure for exchanging real-time financial data between customers, programs, and institutions.

Okra was launched in June 2019 by Fara Ashiru Jituboh and David Peterside. It provides API interfaces into current banking systems to developers and businesses in exchange for fees on subsequent transactions. According to the company, over 150,000 live API calls have been made, with a 281% average monthly increase.

The Nigerian firm presently has 50 full-time employees, and according to LinkedIn, the most crucial skills for employment there are leadership, web development, and digital literacy.


4. Moove

The mobility fintech company Moove was founded in 2020 by Ladi Delano and Jide Odunsi. It offers financial services and revenue-based car financing to entrepreneurs in the mobility sector who operate ride-hailing, logistics, mass transit, and fast delivery platforms.

The mobility business has successfully raised $174.5 million in debt and equity funding in just two years. Six African cities—Lagos, Accra, Johannesburg, Cape Town, Nairobi, and Ibadan—have it. It also asserted that its users had taken more than 3 million rides, totaling more than 25 million kilometres.

Moove presently employs 425 full-time personnel, most of whom are employed in operations, customer success and support, and engineering, according to LinkedIn.


5. CowryWise

In 2017, Razaq Ahmed and Edward Popoola launched Cowrywise, a mutual fund investment, and savings platform. In Nigeria, it caters to both individual individuals and business clients.

After starting as a savings platform analogous to PiggyVest, Cowrywise has shifted its attention to tackling the problem of millions of Nigerians not being able to access trustworthy investment options due to the focus on high-end earners. From its current 220,000 users, Cowrywise anticipates having 10 million registered users by 2025.

With competitive interest rates, the company has increased the allure of investment possibilities for the normal Nigerian who seeks the maximum returns on their possessions. Traditional banks in Nigeria rarely lend to most Nigerians because of their exorbitant interest rates.

According to LinkedIn, the platform has 45 full-time employees, with the majority working in sales, engineering, the arts, and design.


6. Bamboo

A digital investment platform called Bamboo provides Africans with wise investment possibilities to support long-term wealth building. Richmond Bassey and Yanmo Omorogbe launched it in 2019.

Additionally, the app offers guides for basic investment techniques.

According to LinkedIn, the firm presently has 75 employees, and some of the job duties include marketing, customer success, support, arts, design, etc.


7. Nomba

Adeyinka Adewale and Pelumi Aboluwarin launched Nomba, originally Kudi, in 2017. In 2017, the business began as a chatbot primarily created to streamline payments.

Nomba has developed into an omnichannel payment platform that provides capabilities that let companies send and receive payments fast. With over 500,000 unique transactions and an onboarding pace of over 10,000 new businesses each month, Nomba presently handles over $16 million in payments every day.

The Nigerian startup presently employs 235 full-time employees, with engineering, operations, and sales being among the job functions, according to LinkedIn.


8. Team Apt

Tosin Eniolorunda launched the fintech company TeamApt in 2015. The company focuses on creating and running infrastructure enabling African banks, businesses, and individuals to manage their money by creating banking, credit, and management tools for varied business needs. According to the firm, it serves 26 financial institutions and handles $160 million in monthly transactions.

The banking channel for agencies created last year, Moniepoint, has been its best success to date. Moniepoint agents use mobile applications and point-of-sale terminals to give unbanked customers access to financial services like cash withdrawal, cash deposit, funds transfer, airtime purchases, and bill payment.

Engineering, customer success and support, and information technology are some of the most important job roles at the Nigerian company, which, according to LinkedIn, employs 250 full-time employees.


9. Prospa

Using a suite of features like loans, bookkeeping, and spending tools, Prospa is a fintech/digital banking solution that provides an operating system for small to medium-sized businesses. We evaluated the Prospa app and provided our evaluations…

Frederik Obasi, Chioma Ugo, and Rodney Jackson-Cole launched the firm in 2019, and it presently employs 70 people full-time. According to LinkedIn, the biggest employment categories include business development, engineering, and marketing.


10. PiggyVest

Submitted in 2016 by Joshua Chibueze, Odunayo Eweniyi, and Somto Ifezue. PiggyVest is a web-based platform for investing and saving that enables Nigerians to make low-cost investments that promote wealth creation and preservation.

Sales, customer success and support, and finance are some of the most important job categories held by the Nigerian company’s 105 full-time employees.


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