Nigerian startups haven’t solely succeeded in capturing the eye of the worldwide market but additionally achieved spectacular valuations, demonstrating the ability and potential of Nigeria’s entrepreneurial spirit.
Listed here are among the Nigerian startups which have reached or surpassed billion-dollar valuations in 2024
Flutterwave
A fintech firm that has achieved a valuation of $3 billion. Flutterwave has made vital inroads in simplifying cross-border transactions for African companies.
Opay
One other fintech success, Opay has reached a $2 billion valuation by specializing in cellular funds and monetary companies that cater to a big, underserved market of unbanked people.
Andela
Specializing in software program growth, Andela connects Africa’s prime software program builders with international tech firms to facilitate and improve distant work. It’s valued at $1.5 billion.
Interswitch
A pioneer within the fintech trade, Interswitch has been instrumental in offering digital cost options and is valued at $1 billion.
Moniepoint
The latest unicorn, Moniepoint achieved a $1 billion valuation following its $110 million Collection C funding in October 2024. The corporate operates within the fintech sector and is understood for its strong digital cost options.
