We don’t make bets.

We make commitments.

Instead of predicting the future, we look to our founders to convince us of what’s next. That’s why we don’t focus on any one sector. Wondering what our companies have in common? — we met them when they were just a couple of people with an idea, a slide deck, some skin in the game and a little progress made.

Portfolio valuation

$100M+

Portfolio Companies

28+

Paystack

Paystack

Piggy Bank

Piggy Bank

Wifi.com.ng

Wifi.com.ng

ThriveAgric

ThriveAgric

Printivo

Printivo

Mobile Forms

Mobile Forms

Proteach

Proteach

Reliance

Reliance

Accounteer

Accounteer

Kudi.ai

Kudi.ai

Wesabi

Wesabi

Mines.Io

Mines.Io

Mdaas

Mdaas

Gerocare

Gerocare

MyPadi

MyPadi

Co-BuildIT

Co-BuildIT

Payconnect

Payconnect

DriversNg

DriversNg

Aviva

Aviva

NESA

NESA

ThankUcash

ThankUcash

Verto

Verto

Lizzies

Lizzies

Paystack

Millions of transactions happen in Africa every day, but very few of those happen online. In Nigeria, just about 1% of transactions happen online. There are many barriers businesses have to face to accept payments online and fixing that is Paystack’s sole focus. Paystack is a payments platform that helps Nigerian businesses accept payments (debit and credit cards) from anyone, anywhere in the world. Paystack makes the online payments process seamless for both consumers and the businesses they are trying to pay.

co-founder: Shola Akinlade

co-founder: Ezra Olubi

url: website

Piggy Bank

Nigeria has one of the lowest indexes for saving. Saving is a culture that we have yet to establish. Piggy Bank is transforming the way we think about saving. The startup took the traditional ‘kolo’ (piggybank), turned it into an app and automated the saving process. Through the app, PiggyBank helps Nigerian millennials and low-middle income earners save small amounts daily, weekly, monthly, or annually, automatically.

co-founder: Odunayo Eweniyi

co-founder: Joshua Chibueze

url: website

Wifi.com.ng

Nigeria has the highest number of internet users in Africa. However, internet infrastructure within urban environments remains a challenge in the country and the continent which makes connectivity poor and internet overly expensive. Wifi.com.ng is leveraging the large wireless capacity available with Wi-fi and plummeting cost of solar panels to create a low capex/opex network of owned & operated towers to offer disruptive, customer-friendly pricing for unlimited internet.
co-founder: Ifeanyi Okonkwo

co-founder: Kendall Ananyi

url: website

ThriveAgric

Food Production is a huge problem across Africa, Nigeria farms less than 20% of its arable land and produces less than 20% of the food it consumes. 3 major problems affect smallholder farmers who constitute a bulk of the farming population
1. They can’t afford to finance increased production on their farms
2. They get poor yields from existing farms, largely due to lack of requisite tools and inputs
3. Poor access to market.
Thrive Agric enables individuals (subscribers) across Nigeria contribute to food production process by committing their funds to Thrive Agric, who in turn deploy this funds to farmers across various communities to help them scale and modernize their farming operations. They provide farmers tools, best practices, equip them with extension services and farm advisory, this leads to higher yields and has increased farmer earnings 3X.
Upon harvest, Thrive-Agric sells produce to existing off takers. Farmers, Thrive-Agric, and subscribers all share in the upside. Currently subscribers enjoy a 15-30% return on their investments over a 3-9-month period. All farms are fully insured.
co-founder: Ayodeji Arikawe

co-founder: Uka Eje

url: website

Printivo

Getting quality marketing materials such as business cards and flyers is a major pain that requires multiple visits to a brick-and-mortar shop. Printivo helps Nigerian business print marketing and business materials with ease. Printivo is an online print shop, users log on to Printivo.com, pick a template they like and edit in real time to taste, they choose their desired quantity then submit it and pay with credit card. Printivo prints and ship to their doorstep anywhere you are in Nigeria.
co-founder: Oluyomi Ojo

co-founder: Ibukun Oloyede

url: website

Mobile Forms

Finding reliable and verifiable data on the continent is hard, data collection is a hassle in Africa. Businesses, governmental organizations, and foreign organizations find it difficult making informed decision or choices due to lack of accurate data.

Mobile forms crowdsource reliable data for individuals or organizations using smart mobile technology and a network of field agents. Organizations can design questionnaire questionnaires, surveys and campaigns using easy to use drag and drop form builder. Discuss project and we will have a Mobile Forms Expert convert key objectives into a mobile form and deploy to thousands of agents. Companies can also engage mobile form data scientists to help analyze their data.
co-founder: Damilola Ayorinde

co-founder: Tomi Ayorinde

url: website

Proteach

The educational system across Africa is fundamentally broken. The traditional classroom system does not give the required one-on-one attention to individual learners. Students are grouped together and taught in the same manner irrespective of their individual needs and most times by incompetent teachers.
Proteach personalizes learning, by using technology to identify learning patterns of students and also teaching pattern of tutors, then match students to expert and verified tutors who teach in their learning pattern. Students move two grades up after meeting a Proteach tutor within 3-6 month.
co-founder: Obasolape Abiola

url: website

Reliance

Access to affordable health coverage is out of the reach of lots of Africans. Less than 10% of the African population have any form of health insurance coverage. Millions of Nigerians have never experienced quality healthcare for reasons ranging from lack of availability of quality doctors to a lack of functioning healthcare systems.

Reliance HMO is solving this problem by providing affordable and reliable insurance packages for the average African. Reliance makes health insurance in Africa cheaper and easier to access by combining Telemedicine with data science.
co-founder: Femi Kuti

co-founder: Matthew Mayaki

url: website

Accounteer

Millions of small businesses in Africa struggle to grow due to lack of accurate financial accounts. They cannot access growth capital due to the trust gap between businesses and banks, they overpay taxes because their income cannot be accurately assessed and they lack insights about their businesses due to lack of data to base their management decisions upon.
Accounteer helps businesses manage their finance with ease, businesses can create invoices for customers, manage their inventory, track expenses, calculate tax and generate reports. This works online and offline
co-founder: Merijn Campsteyn

url: website

Kudi.ai

Thanks to Kudi.Ai, everyone can have their very own personal assistant/ account officer/ money manager. Kudi makes it easier for people to pay bills and pay each other via messaging it also helps agents provide financial services to excluded communities Kudi is a chatbot powered by artificial intelligence (AI) that helps you with your finances just by chatting with her. Kudi uses an everyday conversational AI system to communicate with you. She helps you transfer money, keep track of your account details, buy airtime, pays recurring bills such as GOTV, DSTV And PHCN and she also reminds you when some of these bills are due. Kudi also has hundreds of agents across the country providing financial services to underserved areas.
co-founder: Yinka Adewale

co-founder: Pelumi Aboluwarin

url: website

Wesabi

The blue collar industry in Nigeria and across Africa is broken, it's hard to find reliable and quality artisans to place on jobs. Wesabi has simplified this process by doing the search and background check and placing them on an easily accessible platform.
Wesabi is a platform where anybody can request for a reliable and well-trained plumber, electrician, AC repair expert, painter, cleaner, washing machine, and refrigerator repair experts; anything that has to do with the home or office repairs with just a few clicks.
Wesabi pre-verifies these artisans and rates these artisans based on the quality of their work and feedback from customers.
There are over 1,000 artisans on the Wesabi platform.
co-founder: Zainab Oyewo

co-founder: Murtala Sanni

url: website

Mines.Io

More than 3 billion consumers in the world today don’t have access to formal credit. The implication of this exclusion from the financial system means that many businesses don’t get started, accommodation is harder to secure, emergencies can become disasters, poverty cycles get perpetuated, and so on.
Mines.io has built an automated lending platform where consumers can apply for a loan through a mobile phone, be instantly approved, and receive funds within minutes. This is made possible by their proprietary credit scoring system, which analyzes multiple data sources and helps predict default risk for both banked and unbanked consumers.
co-founder: Ekechi Nwokah

url: website

Mdaas

Many hospitals in Africa lack basic equipment because they simply cannot afford it. We constantly hear stories of people dying in hospitals not because they were chronically ill but because the hospital lacked the necessary infrastructure to properly treat the patients. In comes Medical Devices As a Service (MDAAS), the startup that’s providing affordable and high-quality healthcare infrastructure to clinically underserved Africans.
They have built a network of private diagnostic and primary healthcare centers which offers radiology, cardiology, and lab services across Nigeria first, with the plans to expand to other parts of the continent.
By introducing software, being smarter about process design, investing heavily in an integrated supply chain, and sharing resources across locations, MDaaS has significantly dropped the cost of setting up and operating each center.
co-founder: Oluwasoga Oni

co-founder: Genevieve Barnard Oni

co-founder: Joe Mccord

url: website

Gerocare

In Nigeria, it is not unusual for families to care for elderly relatives at home despite the specialized healthcare needs associated with ageing. However, harsh economic conditions and urbanization are sending more working-class Nigerians farther away from home.
GeroCare is an affordable subscription-based medical service for the elderly that entitles them to regular doctor home visits.
The service advocates preventive healthcare for the elderly as opposed to waiting until something goes wrong. Loved ones can provide access to regular medical care for their ageing parents or family in Nigeria irrespective of where they live or work.
co-founder: Ebinabo Ofrey

co-founder: Ajibola Meraiyebu


co-founder: Bruce Lucas

url: website

MyPadi

Finding affordable and secure housing as a student in Nigeria is very difficult. Universities rarely provide sufficient accommodation for its students and scouting for housing outside the school can be exhausting and painful.
MyPadi is a risk-free platform that provides detailed information on off-campus housing in Nigeria. MyPadi connects students and corp members with safe, secure & affordable off-campus rooms & lodges. They are operational in over 60 higher institutions.
co-founder: Joel Amawhe

url: website

Co-BuildIT

Building a home is very very very expensive. In most cases, you have to deposit a large sum for the land before you can commence building. We see many incomplete buildings because a lot of people are forced to halt the building process due to lack of funds. Homes that can be built in less than a year are being built for very long periods.
Co-BuildIT devised an innovative way to give people the opportunity to build the homes of their dreams in no time. They essentially bring investors together to co-build a home at a dramatically reduced cost while the homebuyer pays conveniently over an agreed period.
Founder: Wole Olabanji

url: website

Payconnect

From being unemployed and underemployed to unavoidably overspending funds that don’t come in at a steady pace, the financial strain put on most Nigerians can get unbearable. There are a lot of people who need loans for as low as N10,000. At the bank, these individuals are required to fill bulky forms, get signatures from employers, get guarantors, and repeatedly visit the banking halls to check on their status. Despite the long and arduous process, these people are not guaranteed the loan. Most times even when they get the loan, the need for the money had already passed. PayConnect is an innovative Online Lending Platform that provides quick loans to the unbanked and underbanked within 24hrs of application with a very flexible repayment plan and affordable interest rates ranging from 0.25% — 1% daily. The application process is easy, seamless, and does not require Collateral.

Founder: Victor Jibro

url: website

DriversNg

As we go about our day to day activities we constantly encounter drivers. It’s either we go through a private service like Uber, Taxify, and our own private drivers or we use a public service. Unfortunately, despite the innumerable amount of drivers available to us, it’s only a very small amount of them that are trained and reliable professionals. In the business of hiring drivers, DriversNg does all the dirty work for you. The company vets and matches experienced competent and reliable professional drivers with employees within 24 HOURS or ON DEMAND.

co-founder: Daniel Audu

co-founder: Imole Ezekiel

url: website

Aviva

The cost of data in Nigeria is expensive and in cases where it’s deemed affordable, it is unreliable. Streaming videos in this condition can induce very high costs. Aviva figured out a creative and innovative way to deliver videos to consumers without the internet. Aviva is a video on demand service that focuses on emerging markets by distributing quality content through a zero-data download solution. Their distribution channels provide effective last mile delivery at a fraction of the cost.

co-founder: Mo Felata

url: website

NESA

The current education system is lacking in equipping undergraduates with relevant skills leaving us with unemployable graduates. NESA is saving the day by providing qualitative and relevant education. A new economy skills accelerator working to close the industry skills gap by helping their students acquire relevant skills that qualify them for immediate gainful employment or position them to participate in high-growth entrepreneurial endeavors.

co-founder: Obinna Ukwuani

co-founder: Lotte Elsa Goos

url: website

ThankUcash

ThankUCash is a multi-channel platform for businesses to acquire, retain and reward loyal customers at the point of payments for purchases. Thank U Cash processes payments and offers cash back to buyers every time they make a payment. The company’s technology is integrated into major banks in Nigeria and helps the banks monitor and Incentivize card usages and POS terminals.

co-founder: Simeon Ononobi

co-founder: Madonna Ononobi

co-founder: Suraj Supekar

url: website

Verto

Verto was developed to solve a problem faced by its founders who are both ex-bankers with a combined 20 years of treasury, regulatory and payments experience. Companies in Africa often need to make payments for goods and services abroad with foreign currencies, but the process is fraught with challenges. Businesses in Africa often encounter issues with liquidity, long payment settlement periods and high transaction fees. Verto solves these problems by allowing customers to swap currencies at a price determined by them, quickly and securely. Using a marketplace model and algorithm, Verto can identify market demands, and provide price discovery and liquidity for frontier market currencies.

co-founder: Anthony Oduwole

co-founder: Ola Oyetayo

url: website

Lizzies

Fun educational apps for African Kids and Adults. Millions of homes across Africa today (and African homes abroad) have kids who are losing touch with their heritage.
There is very little Afrocentric content available across new and old media. This is leading to the slow but sure extinction of cultural gems like folk stories, historical legends and language.
Lizzie’s Creations is teaching kids about Africa, its languages and rich culture primarily through educational fun interactive mobile apps.

co-founder: Elizabeth Kperrun-Eremie

co-founder: Idamiebi Ilamina-Eremie

url: website