Why start with Nigeria instead of a continent-wide search?

Country pages help you understand local market shape first. That makes it easier to spot the companies, operators, and sectors that actually matter in Nigeria.

What should I do after I build a nigerian startup shortlist?

Open individual company profiles for deeper context, then compare what you find against investor, people, and sector pages to pressure-test your thesis.

Can this page support fundraising, partnership, or market-mapping work in Nigeria?

Yes. Teams use these country pages to move from broad discovery into a more credible shortlist before they start outreach or deeper research.

CountryWest Africa · Nigerian ecosystem

Startups in Nigeria

StartupList Africa tracks 1,958 Nigerian startups, which have raised $9.2B across 1,705 disclosed rounds. 3,686 investors have backed them.Nigeria is still the market many teams use to prove they can win at scale. The pace is fast, competition is real, and the best companies usually learn how to execute in public.

Companies: 1,958
Funding tracked: $9.2B
Funding rounds: 1,705
Investors tracked: 3,686

1,958 companiesSource: SLA Startup IndexFull directory →How we count →

Strengths

Massive addressable market
Deep technical talent pool
High historic funding volume

Challenges

Severe currency devaluation
Regulatory volatility
Complex infrastructure hurdles

Nigeria startups1,958

All 1,958 →

#	Startup	What they do	Last round	Raised	Team
1	JumiaLagos, Nigeria	Jumia Group is an e-commerce ecosystem that provides innovative, convenient, and affordable online goods and services to consumers.	Post-IPO Equity	$955M	1001–5000
2	MooveLagos, Nigeria	Moove is a Nigerian mobility fintech that provides revenue-based vehicle financing to mobility entrepreneurs across Africa.	Series C	$697M	1000+
3	IHS TowersLagos, Nigeria	IHS is a mobile telecommunications infrastructure provider.	Private Equity	$652M	10001+
4	OPayIkeja, Nigeria	OPay empowers users and enables them to accomplish more with their money by providing smart financial services.	Series C	$570M	501–1000
5	FlutterwaveLekki, Nigeria	The easiest way to make and accept payments from customers anywhere in the world.	Funding Round	$485M	151–200
6	AndelaIlupeju, Nigeria	Andela is an engineering-as-a-service business that helps companies build remote teams quickly and cost-effectively.	Series E	$381M	1,001–5,000
7	Zola ElectricLagos, Nigeria	Technology platform for distributed energy providers	Venture	$306M	1,001–5,000
8	MoniepointLagos, Nigeria	Moniepoint provides a seamless platform to accept payments digitally, receive credit and access business management tools.	Series C	$293M	1,001–5,000
9	LumosVictoria Island, Nigeria	Lumos is a Clean Energy company and a leading provider of high-quality solar home systems that is revolutionising the African market.	Debt Financing	$212M	201–500
10	Branch InternationalNigeria	Mobile financial services for emerging markets	Series C	$170M
11	Husk Power SystemsAbuja, Nigeria	Husk Power Systems provides reliable power to rural communities and businesses, entirely from renewable energy sources	Debt Financing	$169M	1,001–5,000
12	PalmPayLagos, Nigeria	PalmPay is a simple and secure payment app that give rewards.	Series A	$140M	51–200

SLA Startup Index · Nigeria · raised is disclosed funding

Showing 1–12 of 1,958 · Open in the directory

Frequently asked about startups in Nigeria

Why start with Nigeria instead of a continent-wide search?: Country pages help you understand local market shape first. That makes it easier to spot the companies, operators, and sectors that actually matter in Nigeria.
What should I do after I build a nigerian startup shortlist?: Open individual company profiles for deeper context, then compare what you find against investor, people, and sector pages to pressure-test your thesis.
Can this page support fundraising, partnership, or market-mapping work in Nigeria?: Yes. Teams use these country pages to move from broad discovery into a more credible shortlist before they start outreach or deeper research.

Cite this page

StartupList Africa, “Startups in Nigeria”, updated 20 Oct 2026.

startuplist.africa/countries/nigeria