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Top 10 Startups In Nigeria To Watch Out For In 2021



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There is no doubt that Nigeria is a very tough place when it comes to doing business or founding a startup. However, despite the challenges faced by startups in Nigeria, more and more of these are springing up trying to meet the needs of Nigerian and the world as a whole. Some of these startups have been blossoming over the years.

startups in Nigeria to watch out for in 2021

10 Top Startups in Nigeria to Watch Out for in 2021

This article reviews some of these startups in Nigeria to watch out for in 2021.

1. Sumotrust

SumoTrust is a platform that automates the process of saving and investing for its users. It is designed to help you manage your finances better by regularly saving up for you and giving you an interest of 10-15% on your investments annually. This platform was created to encourage Nigerians to save and invest more. It is targeted mostly at the younger to medium age group. You can start saving on this platform with as low as 100 Naira and enjoy all the benefits it comes with.

Related: Comparing SumoTrust Vs PiggyVest Vs CowryWise

Here are some of the features of the SumoTrust Platform

  • Hedge Fund investment of up to 24% per annum
  • Account Security
  • User-Friendly interface
  • Group Saving
  • NUBAN Account
  • Money Transfer

5 Key Reasons Why You Should Enroll on Sumotrust Today

SumoTrust is a great platform for those who are looking for save or invest some money. Below are some of the benefits of choosing SumoTrust as your savings platform.

  • Secure Hedge Fund Investment: Sumotrust is the only savings platform offering hedge fund investment for users with medium to a large amount of money looking for security on their investment. With a minimum of N500,000 to as much as N100 million, the SHIFDA fund allows users to earn up to 24% secure returns on their investment per annum.
  • No Hidden Charges – Many people save their money in commercial banks and end up getting charged for things like maintenance fee, SMS alerts, etc. You do not have to worry about these charges on SumoTrust. They do not charge you for SMS fees nor withdrawal fees. SumoTrust is totally free.
  • Great Security – SumoTrust boasts of a highly secured platform even in a case of a hack, your bank details and money would still be secured. They use the highest level of security to keep the funds of their subscribers safe. A 256 bits SSL security encryption is used to secure the platform and it also uses a powerful block chain security protocol to make sure its users account is absolutely safe.
  • High Interest Rate – You stand a chance to earn interest as high as 10 – 15% on your investment annually (0.83% monthly and 0.028 daily) on this platform. Nigerian banks do not give an interest rate as high as this, and even if they do, they end up sucking it all up with their maintenance and SMS alert fees
  • Creates an Avenue to Learn and Connect – Another incredible benefit of this platform is their provision for people to connect and collaborate. You will have access to Nigeria’s online business academy (Motute) owing to the fact that SumoTrust has a partnership with these entrepreneur platforms.

To start saving on SumoTrust visit to sign up.

2. Bundle Africa

Bundle Africa is a startup in Nigeria which amongst other things has an application through which people can send and receive cryptocurrencies (digital currencies like Bitcoin, Ethereum, Litecoin, etc.) and fiat currency (regular money) to people free of charge. With the Bundle app, you can send money to anyone on your contact list, you can even request money from them. This is possible as long as they also have this bundle App installed on their mobile device(s).

Basically, the Bundle app gives one the opportunity of buying, selling and depositing cryptocurrencies and also allows one to securely store cryptocurrencies in his/her Bundle wallet.

The Bundle app provided by Bundle Africa is a fun app to use that makes money transactions easier. You do not have to worry about unnecessary bank charges as bundle app does all transactions for FREE.

Here Are Some of The fundamental Things that You Can Do with Bundle Africa App:

  1. Send and Receive cash or crypto instantly

Bundle makes it very easy to send and receive cash or crypto for free. You do not have to carry cash around in your wallet with the bundle app at hand. All you just need is a few taps and you have paid for a meal or refunded your friend of some money you owe him.

  1. Send cash or crypto to your contacts not on Bundle

Maybe you need to send money to someone and they are not on bundle yet, you do not have to worry. You can send them cash or crypto through their phone number for FREE. All they need to do is to download the Bundle app to receive it.

  1. Buy and sell crypto

Bundle app includes a feature that allows you to buy and sell cryptocurrencies right there on the application. You can sell cryptocurrency such as Bitcoin, Ethereum, BNB and others. After making sure you have Naira in your bundle account (You can fund your wallet with the “ADD CASH” feature), you can then buy any crypto that is featured on the bundle APP. You can as well sell your cryptocurrencies and get Naira withdrawn directly into your bank account.

  1. Withdraw and deposit crypto

You can also transfer cryptocurrency from your Bundle wallet to another wallet. Just click on the withdraw button to proceed. You can also store your cryptocurrency in the Bundle app smart wallet by depositing into it for free.

N/B: Bundle is not a cryptocurrency exchange. They are just there to bridge the gap between individuals and cryptocurrency exchanges, this way making it easier for you to buy, sell and store cryptocurrencies.


Led by Chris Ani, DABA is a platform that enables individuals and organizations to gain the relevant strategies and in-demand global skills needed for scaling, wealth creation, and financial freedom. The startup aim at equipping 1 billion people with high income and digital skills to better compete in the global market. They are interested in helping people and businesses to grow their capacities, start/grow their businesses, and gain financial freedom.

With the online courses offered on DABA, you would be equipped with the necessary real time skills that would help you make cool cash from the comfort of your home. These courses are taught by real-time experts, practitioners, and business leaders who have adequate knowledge, expertise, and experiences with the digital skills that they teach and have also gained financial freedom themselves with these skills.

DABA does not operate on monthly fees; you only pay once and upon successful payment, you would be granted the eternal access to learn the skills you paid for on the platform.

There is no need for any kind of degree or qualification before you can enroll on the website.  Anyone, just anyone with any skill level can enroll on DABA and begin his/her journey to digital skills acquisition/expertise within a short time frame.

4. LifeBank Nigeria

Founded in 2015 by Temie Giwa-Tubosun, LifeBank (formerly One Percent Project) is a startup that aims to tackle the problem of blood shortage in Nigeria and across Africa. They deliver critical medical supplies needed by patients in a faster, cheaper, and safer way.

This SME’s innovative ideas have saved over 10,000 lives by ensuring blood donations are delivered to the hospitals in need of them. They impact vulnerable communities located in urban, peri-urban, and rural areas in Africa by delivering to the very last mile.

The start-up has within the short time of its existence won several awards including Cartier 2020 Women’s Initiative, Sub-Saharan Africa Laureate, African Netpreneur Prize Initiative Award by Jack Ma and others. Besides assisting with blood-donation services, LifeBank also delivers other medical products such as oxygen, blood products, and vaccines.

5. Kuda Bank

Kuda Bank is a full-fledged digital-only bank which is operating with a banking license. Kuda is designed for your smartphone, free of the ridiculous charges that regular bank charges, and it is also great at helping you to budget, spend smartly, and to save more.

some of the features include no ATM card maintenance fees, no Charges for cash withdrawals, and no transfer fees to Other Nigerian banks”

6. Crop2Cash

Founded in 2018 by Emem Essien, Michael Ogundare, and Seyi Paul, Crop2Cash is a startup with the aim of digitizing the supply chain of agro-processors. It also aims to provide farmers with access to financial services to increase their agricultural production.

It makes sure the supplied agricultural products get to the farmers at the best qualities. Farmers in rural areas are also enabled to receive digital payments thereby building their financial identity.

7. Judy

Leveraging the power of Artificial Intelligence, Judy Innovative Technologies solves the challenges faced by researchers in the African legal space. It was founded in 2018 by Sadiq Okocha and Bright Oleka.

Judy gives its users access to over 20,000 cases, rules of court, and statues. They provide lawyers with a comprehensive database of common law case Judgments, thereby making it easier for them to make research and provide quicker judgments. Judy got seed funding, a sum of $100,000 from Switzerland-based Meltwater Foundation in 2019.

8. CredPal

With CredPal, lending and borrowing has never been easier. It is a Fintech startup founded by Olorunfemi Jegede and Fehintola Olaogun in 2017. CredPal provides funds for consumers by bringing them in contact with willing lenders to finance their purchases while they pay back in fixed monthly installments.

Providing their users with ATM cards which functions as a credit card. These cards enable the user to access credit for purchases made. The user is required to input their bank details on the app, this is where the decision to pay a lump sum or pay by installments is made.

9. Publiseer

Publiseer was founded in 2017 by twin brothers Chidi Nwaogu and Chika Nwaogu. Having both struggled to get their book and song out to the public, they birthed the idea if helping independent artists and authors meet their publishing needs across Africa. They promote the creativity of Nigerians by offering free publishing, designing and technology, to artists and authors.

First you would have to get approved on the platform which does not take much to accomplish. After getting accepted, the platform takes care of the media and publishing work for the author and artist.

The team works overtime just to provide artists and authors with good publicity. Authors get access to professional book covers, ISBNs and worldwide book distribution. While artists have their songs distributed across online stores and also get free professional cover art.

10. CrowdyVest

This crowdfunded platform was founded in 2019. CrowdyVest enables individuals to participate in multiple investment options by giving them the opportunity of selecting the kind of project they are willing to sponsor.

After making a choice, the sponsors procure the funds needed to carry out the project and its operation.

Their focus is various sectors available in communities and cities which seem to be underutilized.

They make use of the sponsor’s funds to engage the projects, secure the land, provide the facilities with improved services, complete the full production and marketing circle.

After this, the profit made is used to pay the sponsor a return on their investment. They also provide regular updates of the project circle to the sponsor through text, pictures and videos.



Ekemini Ekpo is a professional writer, blogger, and internet marketer. He is passionate about engineering, business, investment, entrepreneurship, finance, and personal development. When he is not managing web projects, he handles academic research writing and data analysis for individuals and organizations.

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What is Cryptocurrency And How Does It Work? 



Obiex finance website

Cryptocurrencies are decentralized digital assets that operate on blockchain technology that in turn operates by storing a ledger of every transaction on all nodes powering the blockchain. 

In layman’s terms, blockchain technology is like a record keeper, it collects data (in blocks) and links one block of data to another, forming a chain. The data on the blockchain is open for all to see and cannot be easily altered. Blockchain technology can be used for a variety of use cases besides cryptocurrency, ranging from voting to crowdfunding, keeping health records, etc.

Using Bitcoin as an example, nodes are computers connected to the network to mine Bitcoin,  – this collection of independent nodes working together is what makes the network decentralized.

The decentralized nature of cryptocurrency is down to the creators recognizing flaws in traditional banking & financial systems like governments and financial institutions acting only in their best interests and not in the best interest of the common man, leading Satoshi Nakamoto (the creator of bitcoin and blockchain technology) to take steps to rectify that.

Related: What are NFTs?

To make cryptocurrency transactions, you will need to have a set of both public and private keys that will act as passwords protecting your crypto wallet. 

The Public key is connected to your wallet address, allowing you to share the address with others to receive cryptocurrency, while the private key is known to only you and is what you will use to approve outgoing crypto transactions from your wallet. 

Trading Cryptocurrency on Obiex

Obiex finance website

With the popularity of cryptocurrency trading currently at an all-time high, the biggest challenge for many rookie traders is selecting which cryptocurrency exchange to trade on.

If you fall in this category, the immediate priority should be finding an exchange that allows rookie traders to make trades easily, doesn’t charge extra fees and is completely secure. That exchange is Obiex Finance.

In this guide, you will be shown how to navigate the Obiex mobile app & website easily and what to do to get started with making cryptocurrency trades. 

Getting started with Obiex Finance 

Obiex Finance is a digital asset exchange and financial technology (Fintech) platform that gives its users the ability to easily execute cryptocurrency trades from anywhere regardless of their skill level.

Their commitment to ensuring that users get the best experience is shown in how they allow instant swaps from volatile coins like Bitcoin to stable coins like USDT, and vice versa, without confirmations. In a market where the value of crypto can fluctuate wildly, this feature is especially valuable as it allows users to seamlessly switch between making profits to saving those profits in a more stable currency before the value drops.  

To create an Obiex Finance account, simply head over to their homepage, click on “sign up”, fill in the required fields and verify your email address. After that, create wallet addresses for your crypto assets and you’re ready to start trading!

The cryptocurrency available for trading on the Obiex Finance platform are: Bitcoin (BTC), Ethereum (ETH), Binance Coin (BNB), Polygon (MATIC), Dogecoin (DOGE), Tether (USDT), Binance USD (BUSD), and USD Coin (USDC).

Getting Started with Cryptocurrency trading

After creating your Obiex account, you need to follow these simple steps:

  1.     Have a Trading Strategy: Trading cryptocurrency without having a strategy in place is the easiest way to lose your money. You will need to research the various crypto trading strategies thoroughly and choose the one that best suits your needs and temperament. For example, if you’re a patient person who is content to make smaller, safer trades over a long period of time instead of making riskier trades, then scalp trading is the best trading strategy for you. There are also other crypto trading strategies such as Swing trading, position trading, Arbitrage, dollar cost averaging etc.
  2.     Pick the cryptocurrency you’d like to trade: There are several cryptocurrencies available on Obiex Finance such as Bitcoin, Ethereum, Binance Coin, Tether etc. Selecting which cryptocurrency to trade is usually down to making a choice; whether to stick with the safer, more established cryptocurrencies like Bitcoin or to go with the more volatile coins that have a high upside and an equally high-risk factor like the Dogecoin which can move in either direction based on what Elon Musk tweets.

It is also important to note that when you pick a cryptocurrency to trade, it would be wise to ensure that the cryptocurrency matches the strategy you pick. For example, if your preferred strategy is patient scalp trading, then investing in volatile coins that have a high upside but carry a lot of risk is not the wisest move. 

To swap crypto on Obiex Finance, add the wallet of crypto assets you’d like to swap, send the crypto to the wallet you just created, navigate to the ‘swap’ option on your dashboard, and select the coins you’d like to swap. You will receive the swapped coin in your wallet balance immediately without waiting for network confirmations.

  1.     Securely store your cryptocurrency: The same way you’d protect your goods and profits if you had a physical store is the same way you need to protect your cryptocurrency so it doesn’t fall into the wrong hands.

You can store your crypto securely on your Obiex wallet but if you want an alternative, physical wallets are also an option. Physical wallets allow you to store your crypto in secure hardware, offline storage device reducing the likelihood of online hackers stealing your hard-earned crypto. This is a list of reliable physical wallets you can use.


If you’re a newbie to crypto trading, the keyword is patience. Taking the time to properly understand the market before making trades will stand you in good stead. While risks occasionally pay off, a patient, long-term strategy is required to make consistent profits. For more information about trading as a newbie, you can check this out to understand unfamiliar crypto terms and to learn more about spot trading and futures.

Obiex Frequently Asked Questions | Obiex FAQs

  • Will I be charged a fee when I swap coins on Obiex? 

No you won’t. While other crypto exchanges charge for trades and require confirmations to execute swaps, Obiex allows you to make free, instantaneous swaps without the delay that comes with waiting for confirmation. This also helps you avoid unnecessary losses.

  • Can I trade crypto on Obiex if I don’t know much about crypto? 

Yes, you can! The Obiex Finance platform allows both rookie and experienced traders to make easy, safe trades regardless of trading experience.

  • Can I send and receive crypto easily?  

Yes, you can. To send crypto, you will use your private key to execute outgoing trades and your public key/your wallet address to receive incoming trades. You can also send and receive crypto using just Obiex usernames.

  • Why do I need to swap coins? 

Swapping coins allows you to either acquire a coin you think is (currently) more valuable than a coin you have a lot of. You can also use swaps to ensure that your funds are invested in a more secure coin like USDT if you feel the volatile coin you’re holding is about to go on a bear run and lose value.

  • Do I get a referral bonus when I invite friends to use Obiex? 

Yes, Obiex has a referral campaign that rewards users that invite their friends and family to trade the minimum of $10 on Obiex.




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