Edukoya - Honey OgundeyiĮdukoya is an ed-tech startup founded in 2021 by Honey Ogundeyi shortly after her time at Kuda and as Country Director at the UK-Nigeria Tech Hub. From pioneering digital health solutions to redefining financial services, these women are shaping the future of tech in Nigeria and beyond. Each of these companies has its unique story, addressing specific challenges, and contributing to the broader tech ecosystem in Nigeria. In this listicle, we will introduce you to 61 remarkable female-led startups in Nigeria.
These women have not only broken through gender barriers but have also demonstrated remarkable resilience and innovation in a highly competitive industry. The support and recognition of female-led startups are growing, and this list aims to shine a spotlight on some of the most promising ventures in the ecosystem, led by women. Nonetheless, it is worth noting that these numbers however reflect a considerable shift towards gender diversity in Africa's tech space. However, between January 2022 and April 2023, startups with female co-founders and CEOs raised a total of $119 million which is just 2.9% of total funds during the period and which is 58.6% less than the close of 2021, according to BD Funding Tracker. These startups span a diverse array of industries, including fintech, health tech, agritech, and e-commerce, to name a few.Īn analysis by The Big Deal showed female techpreneurs have significantly raised the share of funding they attract-from $52 million in 2019 to $288 million by Q4 of 2021. Of these, 60 are led by tenacious and visionary female founders. These women entrepreneurs are driving innovation, creating jobs, and contributing significantly to the nation's economic development.Īccording to recent data, Nigeria boasts of over 481 active tech startups. These offerings will allow Possible to reach more underserved consumers who need quick and affordable access to capital without jeopardizing their progress toward long-term financial health, the company hopes.Nigeria's tech landscape has seen remarkable growth in recent years, with an impressive cohort of female-led startups making waves in various sectors. Customers who build successful track records of repayment on Possible Cash will be automatically pre-approved for a Possible Card. The company also announced Possible Cash, a cash advance offering that gives customers the opportunity to qualify for an unsecured credit card. It is an unsecured credit card with no interest or late fees and a simple flat monthly fee.ĭesigned specifically for those undervalued by the current financial system, Possible Card does not require a credit score check for approval and utilizes Possible's existing proprietary cash-flow credit risk technology. Instead, Possible built a card designed to protect members from mounting debt and improve long-term financial habits.
The Possible Card is not a traditional credit card with interest charges or penalty fees. These products build on Possible's first product, the Possible Loan – a short-term, small-dollar instalment loan designed to help the American adults who struggle to access affordable credit and fall victim to predatory lending practices. In addition, the company announced the launch of their new credit card and cash advance products – Possible Card and Possible Cash.
US-based Possible Finance, a fintech that offers financial services for underserved consumers, has announced an additional USD 20 million in equity funding.
0 kommentar(er)
