Top Startups In Lagos to Watch Out In 2020

In this top startup of 2020 series, we present the list of top startups in Lagos for 2020 that you should be keeping an eye out for. Lagos is Nigeria’s largest city and has been dubbed as Africa’s Silicon Valley, thanks to the vast network of entrepreneurs and investors in the city. The ecosystem in the city is seeing an impressive rise in the number of fast-growing startups that are going beyond early-stage funding rounds.

As the year comes to an end, entrepreneurs in the region are looking forward to seeing which are the top startups in Lagos for 2020. HexGn studied the funding activities in the city and found that it raised more than $220 in investments in 2019(data up to November 1st). Some of the factors that have led to helping the top startups in Lagos for 2020 include the availability of capital, accelerators, facilities like co-working spaces, and the growing talent in the region.

Jumia Group is among the top startups in Lagos for 2020

Jumia Group is fostering e-commerce in the region with its IT solutions for the segment. The startup is doing this by offering platforms to digitize the way people buy and sell things.  One of the top startups in Lagos for 2020, the startup has operations in close to 15 countries in the region and have more than a billion customers. Jumia Group’s platforms enable e-commerce transactions for the hospitality as well as retailing sections among the others.

Founding Year: 2012

Total Funding: $823.7 M

Website: www.group.jumia.com

LinkedIn: www.linkedin.com/company/jumia-group

Opay is among the top startups in Lagos for 2020

Opay is a payment system startup offering smart financial services to Africans. The fintech app startup makes it easier for people to shop and transfer money to one another in a jiffy. The app also offers options that let its users pay bills and top-up for phones all through the phone.

Founding Year: 2018

Total Funding: $80 M

Website: www.operapay.com

LinkedIn: www.linkedin.com/company/opay

Kobo360 is among the top startups in Lagos for 2020

Kono360 is a well-known startup in the transportation and logistics segment in Lagos’ startup ecosystem. The venture offers turn-key solutions that help haulage companies track their operations and supply chain effectively.  These solutions are aimed at helping Kobo360’s customers cut costs and ensure smooth delivery. One of the top startups in Lagos for 2020, the venture’s services in the agro supply chain field has made headlines in the region.

Founding Year: 2017

Total Funding: $37M

Website: www.kobo360.com

LinkedIn: www.linkedin.com/company/kobo360

Boomplay is among the top startups in Lagos for 2020

Boomplay is an online content platform. Users can watch videos, listen to music, get the latest news, and be a part of a music community on the platform. Boomplay also helps musicians grow by offering a platform to sell music. It is a global platform that can be accessed from anywhere and is among the top startups in Lagos for 2020.

Founding Year: 2015

Total Funding: $25 M

Website: www.boomplaymusic.com

ARNERGY is among the top startups in Lagos for 2020

ARNERGY is an energy startup that specializes in offering solar energy solutions for businesses. The startup counts the likes of Shell, KPMG, and GE healthcare among its many clients.  All the products they offer are plug and play products offering ease in adapting to a more sustainable way of consuming energy.

Founding Year: 2003

Total Funding: $9M

Website: www.arnergy.com

LinkedIn: www.linkedin.com/company/arnergy

MAX – Metro Africa Express is among the top startups in Lagos for 2020

The growing internet penetration rate in Africa has led to digitization being a part of various aspects of the people living there. Startups are leveraging this fact to introduce people to innovative services which are tech-drive. MAX is one such startup.It offers a two-wheeler ride-hailing service and runs its business entirely on a fleet of electric vehicles.  Its services have made it easier for people in Lagos to move around more affordably and sustainably.

Founding Year: 2015

Total Funding: $8.1M

Website: www.max.ng

LinkedIn: www.linkedin.com/company/maxdotng

Kudi is among the top startups in Lagos for 2020

The next startup on this list of top startups in Lagos for 2020 is fintech venture Kudi. The startup has created an affordable payment system that can be used via its app. With the help of this app, users can pay bills, recharge subscriptions, transfer money, and offers unique cash withdrawal services.

Founding Year: 2016

Total Funding: $5.1M

Website: www.kudi.com

LinkedIn: www.linkedin.com/company/kudi.ai

BuyCoins is among the top startups in Lagos for 2020

BuyCoins has developed an app that makes it easier to trade blockchain currency. The fintech venture’s app allows the buying and selling of Bitcoin, Ethereum, and Litecoin. Users can trade at a peer-to-peer level as well on the app. One of the best features of the services offered by this fintech venture among the top startups in Lagos for 2020 is that all of the transactions take less than ten minutes.

Founding Year: 2017

Total Funding: $1.2 M

Website: www.buycoins.africa

MDaas Global is among the top startups in Lagos for 2020

This healthtech startup is ensuring that healthcare services are available to all by building a network of diagnostic and primary care facilities. Supported by the likes of techstars,  Harvard innovation lab, and MIT Ideas Global Challenge as partners, the venture’s sole aim is to offer quality healthcare services in regions and communities that still do not have these.

Founding Year: 2016

Total Funding: $1.2 M

Website: www.mdaas.io

LinkedIn: www.linkedin.com/company/mdaas

Farmcrowdy is among the top startups in Lagos for 2020

From the agritech segment, we have Farmcrowdy in the list of top startups in Lagos for 2020. This venture is helping the agricultural sector develop at a faster rate by offering a platform for farmers to connect with farm sponsors. These farm sponsors help the farmers financially and ensure stability in the entire farming cycle.

Founding Year: 2016

Total Funding: $2.4 M

Website: www.farmcrowdy.com

LinkedIn: www.linkedin.com/company/farmcrowdy

Nigeria is seeing a surge in entrepreneurial activities, and as digitization takes over most of the realms of working and living, tech startups are presented with a sizeable unserved audience to work with. Lagos is an ideal spot for startups to set base and also offers a sea of opportunities for job seekers who want work with the top startups in Lagos for 2020.

Are you an entrepreneur looking to launch your startup or want to know more about entrepreneurship before taking the plunge?

HexGn offers startup ready program for people who want to understand the nuances of a global startup, how to find a great idea, build a prototype, and raise funding eventually. Learn a systematic, validated and iterative process for spotting, evaluating and testing entrepreneurial opportunities. 

At a very affordable price, two members from a startup can join the six months online program and we do not take any equity in the participating entities. These are not pre-recorded lessons, you will be attending live online sessions with our facilitators. a strong testimony to our track record is that fact that, our clients and past graduates have won numerous awards and have raised more than $100 million in funding.

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