69 Best Startups in Lagos to Watch in 2024

Branch offers microloans through a free-to-download Android app in emerging markets.

Total Raised: $378.20M

Last Funding: $170.00M (Series C)

Digital bank providing free full-service banking to Africans.

Total Raised: $25.00M

Last Funding: $25.00M (Unknown)

Wallet platform for digitizing cash savings using vouchers.

Last Funding: $0.00M (Unknown)

Developer of a commodity sourcing platform intended to improve efficiency, provide visibility and transparency. leverages technology to help businesses manage their outgrowers schemes and commodities trade more effectively by improving efficiency, enabling clients to provide visibility and transparency.

Wifi.com.ng is a company providing internet access in NIgeria founded in 2012 by Kendall Ananyi.

Terminal Africa is the developer of a delivery aggregator platform designed to make it easier for Africans to send and receive products globally.

Provider of loans intended to finance merchants. The company offers seamless processes, fast loans, and reliable client relationships, enabling small businesses to get collateral-free loans within three hours.

Developer of a bus-hailing application designed to create a better and safer transportation system for daily commuters. The company's application offers vehicle assistants, 13-seater type buses, licensed drivers and e-wallet payments, enabling users to book and pay for fast and convenient trips in real-time.

Developer of an on-demand auto repair and maintenance platform designed for individuals and businesses in Africa. The company's platform allows to register and signup for products and services to schedule maintenance and pairs technicians from a network of certified mechanics and automobile technicians.

Operator of a tech-enabled scheduled bus sharing company designed to offer a comfortable and affordable shared commute. The company's platform helps users to find, book and share bus ride for commuting to work and back home, enabling users to experience a simpler and better way to commute.

Developer of an API financial technology software designed to power the digital economy in Africa. The company's software provides access to financial statements for historical and real-time transactions, balances, bank statements, credit and spending patterns of a customer along with access to initiate direct debit payment and recurring debit.

Developer of an interactive and intelligent learning platform intended to assist Nigerian students prepare for their secondary school exam and the University Tertiary Matriculation Examination (UTME).

Developer of assets and inventory tracking technology designed to offer consumer intelligence and anti-counterfeiting services. The company's technology offers real-time product authentication, consumer engagement, and supply chain tracking services to producers of quality human-friendly products.

Operator of a community platform intended to empower women with resources to succeed, save money, and enjoy discounts. The company's platform offers financial services, capacity and community building, and get access to new investments, funding, grants, and scholarships, enabling women to have access to grow their money.

Developer of a shipping and escrow payments platform designed to facilitate e-commerce and social media commerce. The company's platform allows users to safely partake in e-commerce on distributed social platforms by providing means to identify trustworthy merchants, securely pay for items using an escrow system.

Remedial Health is a Lagos-based company founded in 2019 by Victor Benjamin.

Provider of financial services intended to help unbanked consumers. The services include mPOS hardware and software solutions, lending, savings, and health insurance services and it also helps consumers to get cash from their debit cards where no ATMs are available, enabling businesses and consumers to help operate digitally.

Interswitch is a Lagos-based company founded in 2002 by Mitchell Elegbe.

Flex is a Spend management and corporate cards platform for businesses in Africa.

Topship is a Lagos-based company founded in 2020 by Junaid Babatunde.

Bridgecard is a company founded by Tunde Adewole.

Showlove is a social platform making it fun and simple for users to request, give and receive gift vouchers, deal coupons and cash

Casava is an insurtech startup that focuses on making insurance for income earners.

OnePipe is a company founded by Ope Adeoye.

Arnergy is a Lagos-based company founded in 2013.

Healthlane is a Lagos-based diagnosis company founded by Alain Nteff.

Cars45 is a car company.

Healthtracka is an at-home lab testing company in Africa founded in 2021.

Anchor is a company founded by Segul Adeyemi.

TeamApt is a Lagos-based company founded in 2015 by Tosin Eniolorunda.

Kobo360 is a company providing a digital logistics platform for haulage operations.

VendEase is a where restaurants in Africa buy food supplies founded in 2019 by Tunde Kara, Gatumi Aliyu, Olumide Fayankin and Oyewale Oyepeju.

Operator of an integrated retail distribution platform designed to connect distributors, wholesalers, and retailers together. The company's platform provides predictive analysis to run targeted campaigns, set product prices competitively, optimize inventory, and auto-generate sale promotions.

A company that participated in the W17 cohort of Y Combinator

Developer of a unified distribution platform designed to digitize the supply chain from distributors to retailers. The company's platform provides businesses with tools that they can use to enhance their reliability, visibility and financial capability and it features the ability to track orders while having the option for in-built payments.

Developer of an on-demand delivery platform designed to offer door-to-door, delivery, and transportation services. The company's platform schedules, tracks and pay for all deliveries, connects riders around, and offers cashless payments via mobile.

Operator of a B2B marketplace intended to connect informal retailers directly with wholesalers and manufacturers. The company's platform helps small retailers source their inventory, and access financing, and essential insurance services, helping them to streamline their digital procurement and financing.

Provider of digital stack services intended to support pharmacies and dispensaries with pharmacy management and delivery services. The company's services create value for pharmacies by helping to cut out costs in their inventory management and operational processes and also create revenue opportunities.

BFree focuses its collection processes on sustainably leading customers out of debt by giving them back control over their finances.

Operator of an automotive marketplace intended to connect car buyers and sellers. The company's platform focuses on solutions that improve access to auto loans, quality maintenance, and aftersales services, warranty solutions, and transactional marketplaces.

The Nigeria-based Lidya uses a tech-based credit algorithm to loan to small businesses without credit histories.

Developer of tech-enabled concierge service platform designed to buy back time for a more enriching lifestyle. The company's platform puts a home's chores on autopilot by delivering services and chores like laundry, cleaning and maintenance, meals and groceries, and electronics servicing.

CowryWise is a financial technology company providing tools that enable users to manage their personal finances.

Appzone is a company founded in 2022.

Developer of a human resource platform designed to help organizations make the best of their people. The company's technology provides hiring, training, payroll, leave, performance, onboarding with HR, management, and learning management system, enabling businesses with an end-to-end solution to optimize human resources from hiring to retirement.