American business and employment oriented online service that operates via website and mobile app Linkedin, has recently published a list of its top 10 emerging startups in Nigeria that are currently gaining attention.
To compile the list, LinkedIn disclosed that it looked at the data across four pillars: Employee growth, jobseeker interest, member engagement within the company and its employees, and how well these startups pulled talent.
The list is backed by unique LinkedIn data, measuring different elements of growth and demand. LinkedIn noted that its inaugural LinkedIn Top Startups list is the resource to find the startups to pay attention to right now, featuring 10 companies in Nigeria that are rising to the challenges of the moment and continuing to innovate and gain attention in 2022.
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Check out this year’s LinkedIn List Of Top 10 Startups in Nigeria For 2022
1.) Bundle Africa
Bundle Africa, or simply Bundle is a social payment software that allows users to trade cryptocurrencies, send and receive fiat, and save in dollars and other currencies. The Bundle Africa application helps users to perform transactions using cryptocurrencies such as Bitcoin, Ether, BUSD, and BNB.
2.) Utiva
Launched in 2017, Utiva is a fast-rising technology education company that develops and strengthens the African workforce by helping people learn premium digital skills and transition into new tech roles in emerging industries. It also offers bespoke training services to companies and helps them connect with and hire talent from within the platform.
3.) Moove
Moove is Uber’s preferred car financing and vehicle supply partner in sub-Saharan Africa. The company embeds its alternative credit-scoring technology, allowing access to proprietary performance and revenue analytics to underwrite loans.
It provides loans to these drivers by selling them new vehicles and financing up to 95% of the purchase within five days of sign up.
They can choose to pay back their loans over 24, 36 or 48 months, using a percentage of the weekly revenue generated while driving on Uber.
Moove supplies vehicles to drivers of ride-hailing apps, logistics and mass transportation services, and other businesses at weekly rental rates.
4.) Okra
Founded in 2019, Okra is an Open Finance platform that enables businesses and developers to build personalised digital services and financial products for customers.
Okra provides companies with the technology they need to develop banking apps. Its API enables these companies to build lending, personal saving, and other financial products.
Its API also creates a secure portal and process to exchange real-time financial information between customers, applications, and banks.
5.) Cowrywise
Cowrywise is a micro-investment platform for underserved, digitally-native consumers in Nigeria.
Cowrywise uses tech-first financial tools to simplify the way Nigerians manage their spending and saving, with gamified rewards. The platform also offers different investment opportunities.
6.) Bamboo
Bamboo is a micro-investing app allowing users to effortlessly invest in commodities & cryptocurrency. It provides worldwide investment opportunities for Nigerians and others in Africa.
As a bonus, the platform offers in-app tutorials of investment basics to help new and amateur users understand investments.
7.) Nomba
Formerly known as Kudi, Nomba is a chatbot that handles transfer requests, and also provides access to everyday tools that simplify payments and drive business growth.
Nomba has morphed into a mobile banking platform that equips businesses with the tools to easily make and receive payments.
8.) TeamApt
TeamApt is a financial technology company that develops digital banking and payment platform for financial transactions.
It helps businesses manage their operations by creating banking, credit, and management tools for different business needs. Their biggest product, Moniepoint, has helped small businesses process over a billion transactions.
9.) Prospa
Prospa is a technology organization creating the operating system for African business owners. Basically, the platform focuses on providing a current bank account for businesses.
This bank account comes with benefits that are suitable for the growth of the business.
The company is privately-held and was founded in 2019 to provide financial services to Nigerians.
Essentially, the organization has a sole mission to help Africans in increasing financial prosperity.
Its digital banking services help businesses operate by giving them access to loans, bookkeeping, and spending tools.
10.) Piggyvest
Piggyvest is an automatic savings platform designed to help individuals and businesses manage their finances effectively.
The company’s platform offers online savings plans for low- and middle-income Nigerians as well as facilitates deposits of small amounts on a daily, weekly, monthly, or annual basis helping them to earn up to forty percent annual interest thereby eliminating withdrawal fees and monthly fees.
It also enables users to choose savings options and goals and also receive automated disbursement of returns across their individual bank accounts.
Piggyvest makes saving fun for customers by creating personal, communal, and locked savings. They also provide cheap investment opportunities on the platform.