Start-ups And Entrepreneurs To Watch In Nigeria In 2019

So many entrepreneurs and startups are set to flood the country with innovative technologies, products and solutions that will make a positive impact on communities. They are:

TRADEBUZA
This is an easy-to-use cloud-based web and mobile platform for outgrowers, commodities aggregators, exporters and agricultural processors. It is a susbsidiary of Passion Incubator that was selected to take part in Lagos-based Itanna Accelerator, led by Honeywell Group.

Tradebuza monitors and tracks outgrower schemes and aggregators from pre-production to harvest and trade. This allows them to plan, monitor and track sourcing and outgrowers in real-time. The web helps commodities’ aggregators and outgrower schemes improve efficiency as well as provide visibility and transparency in commodities sourcing from smallholder farmers.

GROWSEL
Growsel is an agricultural crowdfunding platform. It connects underserved smallholder farmers with lenders across the globe. Since its debut in 2017, Growsel has connected more than 200 smallholder farmers with over 1,300 lenders, profiling and verifying about 1.2 million smallholder farmers available for crowdfunding through its field partners in remote communities, particularly in West Africa.

In pursuit of its mission of changing lives, creating opportunities, connecting smallholder farmers with lenders to alleviate poverty, growsel also empowers smallholder farmers through agricultural crowdfunding in developing economies using local field partners and trustees.

KOLOPAY
KoloPay is a mobile and web application. Co-Founded by Ayoola Ogunlowo and Ifeoluwa Popoola, it helps individuals save over time and helps users achieve their targets at amazing discounts. It targets users who want to buy cars, home appliances, go on vacations, pay tuition fees, buy home furniture, among others.

They get discounts on these items as soon as they meet their savings targets. People could also save on kolopay for targets like house and office rents, and business capital. Individuals enjoy up to six per cent interest on every saving package. A user signs in using his a mobile phone number and a password. Users create their targets and save towards them. Kolopay allows users save from multiple bank accounts using details on their ATM cards. According to Ayoola, KoloPay is safe and secure and transactions encrypted.

PAYSTACK
Paystack was Founded in 2015 by Shola Akinlade and Ezra Olubi, it was built to solve online payments in Africa. It developed multi-channel payment options for merchants across countries to enable them accept credit and debit card payments from customers around the world. The startup has raised $8 million in Series A funding from global financial leaders.

Last year, Paystack, reached a major milestone when it processed over N10 billion ($27.5 million) worth of transactions monthly.

It took just a year and three months to hit this landmark. The startup hit over N1 billion monthly deals in July 2017, with the number of merchants using its platform increasing, rising from 3,742 live merchants last year to 23,523 live merchants.

FLUTTERWAVE
Flutterwave makes it possible for businesses to make and accept payments in Africa. Based in San Francisco with offices in Lagos, Nairobi, Accra, and Johannesburg, the firm has raised over $10 million in a series A funding.

Flutterwave was co-founded by Iyin Aboyeji, the same person who formed developer training company, Andela. It has processed $1.2 billion payments across 10 million transactions.