Techpoint.Africa is a leading media platform dedicated to startups, entrepreneurship, innovation, and technology in Africa. It is a news publishing platform dedicated to chronicling the impact of technology on the African narrative. According to the Founder and CEO, Adewale Yusuf, “Techpoint started with a goal of telling African entrepreneurs stories from a relatable point. We created a platform where the world can read about Africa and how we are shaping our own world”.
Techpoint.Africa was borne in 2014 as Techpoint.ng in Lagos, Nigeria by Adewale Yusuf and Muyiwa Matuluko. Now, the organization has expanded to Kenya, South Africa and Uganda. Currently, the firm hosts the largest tech conference in West Africa- Techpoint Inspired. Over 3000 technology enthusiasts, innovators, entrepreneurs and experts attended the third edition of this event in June 2019. There were exhibitions, a Technovation Challenge (in partnership with the University of Sussex), and workshops on cryptocurrency and blockchain, artificial intelligence and robotics, and the future of work. With support from Andela, Google Nigeria, FCMB, to name a few, the organization has positioned itself as one of leading go-to brands for African startup information.
In addition to this, the Techpoint hosts the largest startup conference in Africa, Techpoint Build. Over 5000+ attendees, 30 speakers, 300 startups and 50 investors gather together for a whole day of exhibitions, the Pitch Storm startup competition, a free SME clinic, and discussions. 2019 speakers included Odun Eweniyi from PiggyVest, Deremi Atanda from SystemSpecs, Oloye Akin Alabi from Nairabet, Soromfe Uzomah from Microsft4Afrika, amongst others.
ThriveAgric is an agricultural technology company that democratizes agricultural participation by allowing you to easily fund a farm in the financial capacity of your choosing whilst they engage smallholder farms with input, expertise, process automation and machinery to deliver on their promise of profitable returns. Basically, they crowdfund resources for smallholder farmers in Africa.
ThriveAgric was launched in 2017 by Uka Eje and Ayo Arikawe in Abuja, Nigeria. According to Disrupt Africa, the co-founders met at Covenant University, where they decided to build a supply chain for farmers after noticing the high rate of post-harvest losses in Nigeria. In that period, they noticed three things, “farmers had no access to finance, low yields due to poor agricultural practices, and no access to premium market”, and with urban dwellers trying to participate in agriculture but having difficulties in doing so, they created the ThriveAgric platform. They currently invest in maize, rice and poultry farms for 6-9 months with returns ranging from 15-20%. Moreso, they utilize a 40:40:20 profit sharing model, with 40 percent of profits going to farmers, the next 40 going to subscribers and 20% going to the company.
As at December 2018, they had worked with 11,467 farmers in 12 states in Nigeria, with their farmers raising over 750,000 birds. ThriveAgric has plans to reach 1,000,000 smallholder farmers spread across Africa in 3 years. The firm was one of the 23 companies that made up YCombinator’s 2019 Winter batch. They are a product of Google Launchpad and Ventures Platform, as well. According to Crunchbase, ThriveAgric has raised seed funding of $170,000 from Y Combinator and Ventures Platform.
33. Riby Finance:
Riby Finance is a finance technology company that provides a simple and smart finance management platform for cooperatives, company groups, employees, individuals, associations and financial development institutions with features to manage their financial activities. The startup was founded in 2016 by Abolore Salami in Lagos, Nigeria.
The platform contains modules for different market segments (enterprise and retail). Riby’s modules include: Riby for Cooperatives, Riby Amplified (for banks), Riby Peerlending and Riby Savers App (for members). According to Yele Badamosi, starting from Nigeria, the firm has the potential to bring over 50 million financially excluded/undeserved people into the digital economy and finance system. A year after it was launched, Riby made KPMG’s 2017 Fintech100, alongside Flutterwave and Lidya. As at June 2019, it had 750,000 members, was working with 25,391 associations and conducted over 300,000 transactions worth N7.2 billion.
Riby partners with financial institutions like Union Bank of Nigeria and Bank of Industry. In 2018, they were selected as one of the startups in Google’s Launchpad Accelerator Africa and Village Capital’s Fintech Africa Programme. Within that same year, they received a $15,000 investment from Microtraction. In 2019, the company was one of the six Nigerian fintech startups that won the Enhancing Financial Innovation and Acesss (EFInA) Initiative grants, which range from $50,000 to $500,000. According to Business Insider by Pulse, it had raised $470,000 from GreenHouse Capital, Growth Fund by CCHub, World Bank, amongst others. It is looking towards expanding to other African countries in the next 14 months, and targeting to push the direct a direct adoption of the Riby Co-Banking application and USSD channels from its current 10,000 users to 500,000 users. This new policy, Pulse writes, will help serve its 8,000 cooperatives and trade groups registered with over 2 million individuals.
34. Estate Intel:
Estate Intel is an online platform that provides data, news, and research for commercial real estate investors, developers, agents, property owners, consultants and other players in the African property market, helping them to make data-driven decisions. The firm was founded in 2017 in Lagos, Nigeria by Dolapo Omidire, Damilola Adepoju and Kayode Ola. Dolapo, co-founder and CEO, was
working in real estate and ran a blog on the side. He noticed the dearth of information and how much people sought data to enhance their market research, so he decided to structure it into a web application.
Estate Intel collects rent trends, lease and investment transactions, cap rates, property lending data, demographic and other data that real estate investors and advisers need. It currently claims to have Africa’s largest commercial property database. Users of the web application can view market trends, rent, sale and land prices using its regional dashboards; read news and insights on the real-estate industry, and nuanced research. Subscriptions range from $100 to $700 a month, depending on the sensitivity of the data. It also has a mobile application which holds the largest web based collection of African commercial property data points.
Estate Intel won $10,000 first prize at the Pitch Storm of the 2019 Techpoint Build. It’s majorly been bootstrapped but has grown to acquire hundreds of customers, most notable of them being PricewaterhouseCoopers (PWC), PROFICA, BIFM and SANLAM. It is one of the 10 Nigerian Startups to watch out for in 2019 according to Business Insider by Pulse.
35. Flying Doctors Nigeria:
Flying Doctors Nigeria (FDN) is a medical emergency service that specializes in air ambulances, medevac, medico-logistics services, remote site medical solutions services, medical infrastructural development and medical training services. It is the first indigenous air ambulance in West Africa and has been in operation for over 10 years. It was founded in Lagos, Nigeria in 2009 by Dr. Ola Orekunrin.
Founder and Managing Director, Dr. Ola Orekunrin’s motivation to start the company was the her sister who died while travelling in Nigeria due to an absence of air medical services to transport her to the hospital. As such, Flying Doctors Nigeria’s mission is “to get the right patient to the right facility within the right time frame”. In 2015, the firm entered into a key agreement with a UK-based call center to stop the risk of delay in getting through to an emergency operator, thus improving its lifesaving air services across Africa. Its fleet of over 20 helicopters and jets flies daily in over 10 countries in Western and Central Africa. Currently, FDN caters to some of the largest companies operating on the continent, like: SAIPEM, Shell, Lafarge, Diamond Bank, British High Commission Abuja, MTN, etc, improving their on-site medical services