Nigeria has a thriving startup scene, with many entrepreneurs starting new businesses in the past few years. With so many startups being started, it can be difficult to keep track of which ones are the best. We have compiled this list of  Nigerian startups that you need to know about!

This list includes the funding rounds and how much they raised, founding year, and investors.

What is a startup?

Startup is a company designed to search for a repeatable and scalable business model. 

Startup are usually newly founded companies that aim to solve an existing problem through innovation with the main focus on growth and achieving scale. 

They are often initially financed by their founders or investors, who give up some ownership in return for funds which will be used primarily to meet operating expenses until the startup can sustain itself.

What do Nigerian startups do?

Nigerian startups serve multiple markets including financial services, education, health care & pharmaceuticals, agriculture processing industry etc. 

Some of these businesses have already taken off while others still need more funding before they get there but here is our list of what we think are Nigeria’s best new startups!

What are some Nigerian startups?

A few of these Nigeria Startups include Paystack, Andela, and Sirin Labs. 

Why is it important to know about them? 

These new businesses innovate every day with their products or services that can help you save time or money. 

Some of these have already had great success while others just need more funding before taking off but here is our list.

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The list includes the funding rounds and how much they raised, founding year, investors etc. 

Start-up nameWebsiteLaunchTweet pitchSector# of FoundersAmount raised $MTypeYearInvestors
Andela developer training and outsourcing companyEducation & Jobs4100Series D2019Generation Investment Management, Chan Zuckerberg Initiative, GV (U.S.), Spark Capital, and CRE Venture Capital
TeamApt solutions and payment infrastructure to financial institutionsFintech15.5Series A2019Quantum Capital Partners
Daystar Power solar power solutions in long-term service fee modelsEnergy & Water326Series A2019Verod Capital Management, Persistent Energy Capital
Farmcrowdy platform for individuals and businesses to invest in farming projectsAgriculture & Food41Seed2019Cox Enterprises, Techstars, and Ajayi Solutions
Carbon platformFintech25Debt2019Lendable
Kudi that enables underbanked and unbanked Nigerians to access basic financial services such as money transfers, bill payments and cash withdrawals through its agent networkFintech25Series A2019Partech Africa, Michael Seibel, Khosla Ventures and Y Combinator
mDaaS and operates tech-enabled diagnostic centres in clinically-underserved communitiesHealthcare41Seed2019Consonance Investment Managers
Gokada motorcycle taxi appLogistics & Transport45.3Series A2019Rise Capital, Adventure Capital, First MidWest Group, IC Global Partners
Arnergy utility company that provides energy solutions tailored towards emerging marketsEnergy & Water29Series A2019Breakthrough Energy Ventures, Norfund, EDFI ElectriFI and All-On
Max platform for local deliveryLogistics & Transport37Series A2019Novastar Ventures, Yamaha Motor, Breakthrough Energy Ventures, Zrosk Investment Management, and Goodwell Investments
54gene and genomics solutionHealthcare34.5Seed2019Y Combinator, Fifty Years, Better Ventures, KdT Ventures, Hack VC and Techammer
Opay mobile paymentsFintech250Series A2019Sequoia China, IDG Capital, Source Code Capital, Opera
Kobo360 app for individual and businessesLogistics & Transport230Series A2019Goldman Sachs, Asia Africa Investment and Consulting, TLcom Capital, Y Combinator, IFC, and Nigerian commercial banks
TechAdvance application development firmFintech11Seed2019Lamar Holding
FairMoney payday loan appFintech311.1Series A2019Flourish Ventures, DST Global, Newfund Capital, Speedinvest and Le Studio VC
Kuda retail bankFintech21.6Pre-Seed2019Haresh Aswani, Ragnar Meitern
Interswitch solutionsFintech1200PE2019Visa
Opay mobile paymentsFintech2120Series B2019Meituan-Dianping, GaoRong, Source Code Capital, SoftBank Opportunity Fund, BAI (CH), Redpoint, IDG Capital, Sequoia China, GSR Ventures
PalmPay and secure payment app that give rewardsFintech140Venture Round2019Transsion, NetEase, Mediatek
uLesson of online learning platform for school studentsEducation & Jobs13.1Seed2019Tlcom Capital, Founder Collective
Jiji listing platform for multi-category second-hand goodsRetail221Series C2019Knuru Capital
Migo platform that allows customers to use loans, make purchases, and withdraw cash without the need for plastic cardsFintech320Series B2019Valor Capital Group, The Rise Fund, Velocity Capital
Rensource Energy allows qualifying companies throughout Nigeria and West Africa to start selling Power-as-a-Service (PaaS) to their customers.Energy & Water220Series A2019CRE Venture Capital, Omidyar network
RelianceHMO driven health insurance companyFintech35Venture Round2019Partech Africa, Tencent
Smile Identity and identity authentication platform for banks, telecoms, financial services and shared economy applicationsFintech24Seed2019ValueStream Ventures, Susa Ventures, Story Ventures, Intercept Ventures, 500 Startups
Apposit development companyFintech310M&A2020Paga (Corporate)
Flutterwave gateway API provider in AfricaFintech235Series B2020Greycroft Partners, eVentures,FIS Global, Visa, Green Visor, CRE Venture Capital, Golden Palm Investments, 4DX Ventures
Quickbus platform to book bus ticketsLogistics & Transport11Seed2020Shorooq Partners
Rensource Energy allows qualifying companies throughout Nigeria and West Africa to start selling Power-as-a-Service (PaaS) to their customers.Energy & Water23Venture Round2020Proparco
VerifyMe verification and KYC technology companyFintech20.5Series A2020Consonance Investment Managers
Aella personal loansFintech310Debt2020HQ Financial Group
Bitfxt exchangeFintech115Series A2020Payitup Clearinghouse Ltd
Daystar Power solar power solutions in long-term service fee modelsEnergy & Water34Debt2020SunFunder
Lifestores Pharmacy pharmacy start-up bringing disruptive innovation to the pharmaceutical sectorHealthcare31Seed2020Consonance Investment Managers, Kuramo, Greentree Syndicate, Altadore Lionbear Capital, Unseen Ventures, StartUp and Health Transformer Fund, K50 Ventures, Chinook Capital, Kepple Africa Ventures
54gene and genomics solutionHealthcare30.5Venture Round2020N.a.
Field Intelligence supply chain solutionsHealthcare23.6Series A2020Blue Haven Initiative, Newtown Partners via the Imperial Venture Fund, Accion Venture Lab
JET Motor Vehicles manufacturing companyLogistics & Transport19Series A2020Africa Development Capital, Great man Legend
Youverify of Identity Fraud, background verification and secure digital identityFintech21.5Series A2020Orange Digital Ventures, LoftyInc Capital Management, Outlierz Ventures
54gene and genomics solutionHealthcare315Series A2020Adjuvant Capital, Aera VC, Better Ventures, Fifty Years, Pioneer Fund, V8 Capital, Y Combinator, KdT Ventures, Raba
Bamboo investment platform that provides real-time access to buy, hold, or sell U.S. or Nigeria stocksFintech21Seed2020Kepple Africa Ventures, Wes Schwalje & several other non-disclosed investors
Helium Health of tech solutions for all healthcare stakeholdersHealthcare410Venture Round2020Global Ventures, Asia Africa Investment and Consulting, Tencent Holdings, Y Combinator, VentureSouq, HOF Capital, Ohara Pharmaceutical Co, Chrysalis Capital, Kairos Angels, Flying Doctors Healthcare Investment Company
Kwik Delivery on-demand delivery platformLogistics & Transport20.5Pre-Series A2020Yves Guillemot
Okra creating a secure portal and process to exchange real-time financial information between customers, applications and banksFintech21Pre-Seed2020Tlcom Capital
Stears platform for Nigerian business newsTelecom, Media & Entertainment20.6Seed2020Luminate Group
SeamlessHR resource management solutionServices22Series A2020Lateral Capital, Consonance Investment Managers, Enza Capital
Tomato Jos company focused on the local production of high-quality tomato paste for the African marketAgriculture & Food24.3Series A2020Goodwell Investments, Acumen Capital Partners, VestedWorld
Jamborow B2B fintech platformFintech30.4Seed2020N.A.
Wallets Africa and debit card providerFintech21Venture Round2020Samurai Incubate, Mozilla, Michael Seibel, Saviu Ventures
Eden Life platform to book home service providersHousing31Venture Round2020Samurai Incubate, Village Global, LoftyInc Capital Management
FairMoney payday loan appFintech313Debt2020Lendable
Releaf hardware innovation to sell high-quality raw materials to food factories in Africa, starting with the Nigerian vegetable oil marketAgriculture & Food41.3Venture Round2020Future Africa, Angel investors
TradeDepot eCommerce platform for consumer goodsRetail310Pre-Series B2020Partech Africa, IFC, Women Entrepreneurs Finance Initiative (We-Fi), MSA Capital
Yellow Card exchange through retail stores visitsFintech31.5Seed2020N.a.
Mono to access customer financial accountsFintech20.5Seed2020Lateral Capital, Ventures Platform, Golden Palm Investments, Rally Cap Ventures, LoftyInc Capital Management and angel investors
Lumos solar power for off-grid regionsEnergy & Water25Debt2020FMO
Appzone & payment solution providerFintech30.5Seed2020Lateral Capital, Constant Capital Partners
Lumos solar power for off-grid regionsEnergy & Water235Debt2020U.S. International Development Finance Corporation (DFC)
Max platform for local deliveryLogistics & Transport31Venture Round2020Issuance of a ?400 million ($1 million) 1-year fixed-rate notes series 1 Bond
Auxano Solar PV manufacturing companyEnergy & Water11.5Venture Round2020All-On
Evolve Credit comparison platform for consumer and SME loansFintech20.4Seed2020Ingressive Capital, Future Africa, Samurai Incubate, Microtraction, and angel investors
SeamlessHR, cloud-based human resource management softwareServices21Seed2020Lateral Capital, Consonance Investment Managers, Ingressive Capital, Enza Capital
Paystack processing solutions for businessesFintech2200M&A2020Stripe
Autocheck sales and servicing of cars in Africa onlineLogistics & Transport23.4Pre-Seed2020TLCom Capital, 4DX Ventures, Kepple Africa, Lateral Capital, Golden Palm Investments, MSA Capital
Xend finance (DeFi) platform for credit unions and cooperativesFintech21.5Venture Round2020Binance Labs, Google (VC), AU21 Capital, Amplifi VC, JUN Capital, TRG Capital
Kuda retail bankFintech210Seed2020Target Global, Entrée Capital, SBI Investment and angel investors
ConfidentialConfidential2018Productivity SaaSServicesn.a.2Venture Round2020CRE Venture Capital
Global Accelerex of electronic payment and business management solutionsFintech120Venture Round2020Africa Capital Alliance (ACA)
CredPal credit and credit card providerFintech21.5Venture Round2020Greenhouse Capital, Y combinator, Tangerine Life
ConfidentialConfidentialConfidentialFintechFintechn.a.2.5Venture Round2020Goodwell Investments
OnePipe and maintains APIs that enable banks to partner with modern digital services and fintechFintech11Pre-Seed2020Techstars, Atlantica Ventures, Future Perfect Ventures, Raba, P1 Ventures, Ingressive Capital, Sherpa Africa Partners, Zedcrest Capital, DFS Lab, LoftyInc Capital Management
Umba bank, offering free bank accounts and financial servicesFintech12Seed2020Act Venture Capital, Ludlow Ventures, Frontline Ventures and Angel investors
Indicina lending for individuals and small businesses through AI-powered digital credit infrastructureFintech40.5Seed2020Itanna, Kepple Africa Ventures, Future Africa, Acuity Ventures, Zedcrest Capital
Daystar Power solar power solutions in long-term service fee modelsEnergy & Water338Series B2021Investment Fund for Developing Countries (IFU), STOA, Proparco, Morgan Stanley Investment Management
uLesson of online learning platform for school studentsEducation & Jobs17.5Series A2021Owl Ventures, TLCom Capital, Founder Collective, LocalGlobe
Cowrywise wealth management and financial planning solutionsFintech23Pre-Series A2021Quona Capital, Sahil Lavingia, Tsadik Foundation
Mono to access customer financial accountsFintech20.1Seed2021Y combinator
CribMD based telemedicine and doctor house calls on-demand for patients in NigeriaHealthcare20.1Pre-seed2021Sputnik ATX
Buycoins that enables users trade cryptocurrency instantlyFintech41Venture Round2021Kepple Africa Ventures
Bitnob trading platform for cryptocurrenciesFintech20.2Pre-seed2021Kepple Africa Ventures, LoftyInc Capital Management
Xend finance (DeFi) platform for credit unions and cooperativesFintech20.5Seed2021NGC Ventures, HashKey Capital
ThankUCash back app for shopping, dining out, booking hotels and travel activitiesFintech41Pre-Series A2021Betatron Venture Group, Accelerex Holdings, Predictive VC, 500 Startups and angel investors
Send of tech-enabled freight forwarding and customs clearance servicesLogistics & Transport20.1Venture Round2021Uncovered Fund
VeggieVictory protein startupAgriculture & Food30.1Pre-Seed2021Sustainable Food Ventures, Capital V., Kale Invest, Thrive Worldwide
Indicina lending for individuals and small businesses through AI-powered digital credit infrastructureFintech40.1Grant2021Catalyst Fund
OnePort 365 channel for freight managementLogistics & Transport10.2Pre-Seed2021Samurai Incubate, CCHub Syndicate
Stears platform for Nigerian business newsTelecom, Media & Entertainment20.1Venture Round2021CCHub Syndicate
Taeillo Afro-urban furniture and Lifestyle design Brand. The company offers unique afro-centric contemporary furniture pieces using its E-commerce and social commerce platform that embeds Augmented and Virtual Reality to amplify personalized customer experience.Retail10.1Venture Round2021CCHub Syndicate
Metalex commodity marketplace that connects African producers to the global commodity marketServices10.2Pre-Seed2021LoftyInc Capital Management
MVXchange platform for connecting vessel charters to offshore support vesselsLogistics & Transport10.2Pre-Seed2021Launch Africa
Afriex wallet focused on cross-border money transfersFintech21.2Seed2021Launch Africa, Y Combinator, SoftBank Opportunity Fund, Future Africa, Brightstone Venture Capital, Processus Capital, Uncommon Ventures, A$AP Capital, Precursor Ventures, Ivernet Holdings, and angel investors
Pricepally platform offering groceries in bulkAgriculture & Food30.2Pre-Seed2021Launch Africa, Samurai Incubate
Wella Health access to affordable healthcare using community pharmacies and insurance options to cover common conditions faced by AfricansHealthcare10.2Venture Round2021Launch Africa
Flutterwave gateway API provider in AfricaFintech2170Series C2021Tiger Global, Avenir Growth Capital, Tiger Management Corporation, FIS Global, Salesforce Ventures, Insight Partners, Greycroft Partners, Green Visor, Early Capital, DST Global
Havenhill Synergy Limited solar mini-grids solutionsEnergy & Water14.6Debt2021Chapel Hill Denham Nigeria Infrastructure Debt Fund (NIDF)
Powerstove Energy, IoT enabled cookstove that generates electricityEnergy & Water20.1Pre-Seed2021Jua Fund
Whispa Health app that provides young people with non-judgmental access to Sexual and Reproductive Health information, products and servicesHealthcare20.1Pre-Seed2021Jua Fund
Athlst content studio that provides African athletes across the world with a platform to share their storiesTelecom, Media & Entertainment10.1Pre-Seed2021Kepple Africa Ventures
Kuda retail bankFintech225Series A2021Valar Ventures, Target Global
Vendease that allows restaurants to buy directly from farms and food manufacturersAgriculture & Food40.1Pre-Seed2021Y Combinator
Termii communication infrastructure that helps digital businesses engage and communicate with their customers seamlesslyServices31.4Seed2021Future Africa, Kepple Africa Ventures, Acuity Ventures, Aidi Ventures, Assembly Investors, Kairos Angels, Nama Ventures, Rally Cap Ventures, Remapped Ventures and angel investors
Kwik Delivery on-demand delivery platformLogistics & Transport21.2Pre-Series A2021Rising Tide Africa, UFP Fintech and angel investors
Flux remittance company built to enable merchants to send and receive money from anywhere in the worldFintech40.1Pre-Seed2021Y Combinator
Cowrie Exchange cryptocurrency exchange platformFintech20.8Venture Round2021Stellar Development Foundation
Plentywaka Bus sharing AppLogistics & Transport40.1Pre-Seed2021Techstars
ConfidentialConfidential2020ConfidentialServices20.5Venture Round2021Suya Ventures, Kepple Africa Ventures, LoftyInc Capital Management and others (confidential)
Prospa for micro businessesFintech30.1Venture Round2021Y Combinator
Bankly digitization payments and savings product where users pay/save using Bankly vouchers in a “Recharge to save” modelFintech22Seed2021Vault, Plug and Play, Rising Tide Africa, Chrysalis Capital
Semicolon capacity-development startupEducation & Jobs10.1Venture Round2021Launch Africa
TalentQL talent recruitment and outsourcing companyEducation & Jobs30.1Venture Round2021Techstars
Curacel tools and APIs to ensure that insurance companies operate efficientlyHealthcare20.5Pre-Seed2021Atlantica Ventures, Consonance Investment Managers, Kepple Africa Ventures and angel investors
Sendbox applcation for on-demand delivery management servicesLogistics & Transport21Venture Round2021Y Combinator, Kepple Africa Ventures
ScholarX access to education for African youth, by connecting them with funding sources that enable them to get a quality educationEducation & Jobs30.2Grant2021GSMA Innovation Fund
Bongalow marketplace for residential mortgage loansFintech30.1Venture Round2021Uncovered Fund, Labs by ARM
Appzone & payment solution providerFintech310Series A2021CardinalStone, V8 Capital, Constant Capital Partners, Itanna, Lateral Capital
Okra creating a secure portal and process to exchange real-time financial information between customers, applications and banksFintech23.5Seed2021Susa Ventures, TLCom Capital, Accenture Ventures and angel investors
Klasha for merchants worldwide to sell online to Africa and receive payments in local African currenciesFintech10.1Venture Round2021Expert Dojo
Trove app that allows users to invest small amounts in more than 3,000 Nigerian, American and Chinese stocks, bonds and ETFsFintech30.2Venture Round2021Launch Africa
eBanqo AI-powered solution for customer serviceServices21Venture Round2021Launch Africa, Savannah Fund and others
SHYFT Power Solutions based energy monitoring solutions provider for commercial spaces. It provides technology solutions for solar energy, power generator, inverters, and utility powerEnergy & Water23.1Seed2021SoftBank Opportunity Fund, Total, LoftyInc Capital Management, Samurai Incubate, Urban US
Rabawa and video commerce solution offering resellers the opportunity to leverage social media for curating, promoting, and selling products from Manufacturers / Distributors to end-usersRetail10.2Venture Round2021Aptive Capital
Bfree loan collector for microlending, microfinance, and banking institutions in NigeriaFintech30.8Seed2021Launch Africa, Beta. Ventures, Greenhouse Capital
Blue Gold Works sells high-value honey and oil from the abundant and drought-tolerant African Moringa tree and uses the water purifying compounds from the waste stream of the oil production in their drinking water filtering processes.Agriculture & Food20.2Venture Round2021WeFunder
Mono to access customer financial accountsFintech22Seed2021Entrée Capital, Lateral Capital and Angel investors
ConfidentialConfidential2020ConfidentialTelecom, Media & Entertainment40.1Pre-Seed2021Launch Africa and others
CribMD based telemedicine and doctor house calls on-demand for patients in NigeriaHealthcare22.6Seed2021Sputnik ATX, Norrsken, The Guardian Nigeria
Gradely NG personalized learning management system for secondary school studentsEducation & Jobs40.1Venture Round2021Norrsken
Wella Health access to affordable healthcare using community pharmacies and insurance options to cover common conditions faced by AfricansHealthcare10.3Grant2021Swiss Re Foundation, Norrsken
Moove Africa’s exclusive fleet provider, financing and empowering drivers on the Uber network with well maintained carsLogistics & Transport330Debt2021IFC, Kepple Africa Ventures
MoveMeBack community connecting talented professionals, entrepreneurs, students and influencers with exciting job and entrepreneurial opportunities in AfricaEducation & Jobs20.1Grant2021Google For Startups Black Founders Fund
Thrive Agric platform for investors to invest in farming projectsAgriculture & Food21.8Grant2021West Africa Trade & Investment Hub (USAID)
PayDay for technology talent and creatives throughout the African continent to receive payments from their global or foreign clients within minutesFintech20.1Venture Round2021Microtraction, Angel investors
Seso Global property marketplace backed by a customer relationship management (CRM) portal that enables property developers, agents and governments to manage their properties, documentation and transactions on a secure blockchain database.Housing20.6Pre-Seed2021Kepple Africa Ventures, Rising Tide Africa, Moabi Group, and Angel investors
ConfidentialConfidential2017ConfidentialAgriculture & Food40.5Venture Round2021Samurai Incubate, and Others
ConfidentialConfidential2016ConfidentialHealthcare31.5Venture Round2021Samurai Incubate, and Others
Kasookoo communications platform that operates as a service providing telephony, contact centre and conferencing integrated with CRM, helpdesk and other business productivity toolsServices20.2Venture Round2021Launch Africa
mDaaS and operates tech-enabled diagnostic centres in clinically-underserved communitiesHealthcare42.3Seed2021Newtown Partners, CRI Foundation, FINCA Ventures, Techstars, Future Africa
RxAll platform to authenticate medicines & a platform to enable pharmacy procurementHealthcare23.2Seed2021Launch Africa, Uncovered Fund, Plug and Play, SOSV, KSK Angel Fund, Angel Challenge
TeamApt solutions and payment infrastructure to financial institutionsFintech115Series B2021Novastar Ventures, Global Ventures, FMO, CDC, Soma Capital, Kepple Africa Ventures, Oui Capital, and Angel Investors
PayHippo marketplace for working capital loans offering loans to businesses from multiple lenders on the basis of credit assessments, bank statements, credit scores, and more.Fintech31Pre-Seed2021Ventures Platform, Future Africa, Aidi Ventures, Launch Africa, Sherpa Africa Partners, Mercy Corps, Hustle Fund
OneWattSolar digital solutions built on a Blockchain platform to provide off-grid renewable energyEnergy & Water27.3Debt2021Green Bond Issuance programme
FairMoney payday loan appFintech342Series B2021Tiger Global, Flourish Ventures, DST Global, Newfund Capital, Speedinvest
Daystar Power solar power solutions in long-term service fee modelsEnergy & Water320Debt2021IFC
Mecho Autotech enabling on-demand automobile maintenance & repairs for vehicleLogistics & Transport20.1Venture Round2021Y Combinator
Suplias marketplace where mom and pop stores in Africa buy inventory directly from manufacturers using a mobile appRetail30.1Venture Round2021Y Combinator
Lemonade Finance bank for Africans in the diasporaFintech20.1Venture Round2021Y Combinator
Tix Africa ticketing platform for event creatorsTelecom, Media & Entertainment20.1Pre-Seed2021HoaQ
Lidya marketplace for SME invoice financingFintech28.3Pre-Series B2021Alitheia Capital, Goodwell Investments, Bamboo Capital Partners, Accion Venture Lab, Flourish Ventures
Smile Identity and identity authentication platform for banks, telecoms, financial services and shared economy applicationsFintech27Series A2021Costanoa Ventures, CRE Venture Capital, LocalGlobe, Intercept Ventures, Future Africa, and Angel investors
GetEquity platform offering anyone to make equity investments in startups listed on the platformFintech20.1Venture Round2021Greenhouse Capital
Chaka trading platformFintech11.5Pre-Seed2021Breyer Capital, 4DX Ventures, Golden Palm Investments, Future Africa, Seedstars, Musha Ventures
Daystar Power solar power solutions in long-term service fee modelsEnergy & Water31Debt2021Trine
Bitmama trading platform that allows users to buy, sell cryptocurrencies faster, eaiser and cheaper in AfricaFintech10.5Pre-Seed2021Emergence Capital
PowerGen solar mini-grids in off-grid areasEnergy & Water49Debt2021Oikocredit, Triodos Investment Management, EDFI ElectriFi

Showing 1 to 153 of 153 entries (filtered from 740 total entries)

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