# Top 50 Startups in Nigeria by Funding (2026)

> The 50 best-funded startups in Nigeria, ranked by total funding raised: $2.7B combined. With founding year, headquarters and each company's rounds.

Source: https://millionrounds.com/top-lists/startups-nigeria (Millionrounds; every figure on the page links to its filing or article)

- 1 [**Frontier Car Group** Frontier Car Group develops, launches, and operates used-automotive marketplaces within emerging market economies.](https://millionrounds.com/company/frontier-car-group) Frontier Car Group develops, launches, and operates used-automotive marketplaces within emerging market economies. *Founded* - Nigeria **$547M** last round Nov 2019
- 2 [**Moniepoint**](https://millionrounds.com/company/moniepoint) *Founded* - Nigeria **$400M** last round Oct 2025
- 3 [**Moove** Moove is a technologically integrated vehicle financing platform for mobility entrepreneurs.](https://millionrounds.com/company/moove) Moove is a technologically integrated vehicle financing platform for mobility entrepreneurs. *Founded* 2020 Nigeria **$350M** last round Aug 2026
- 4 [**Zenith Bank**](https://millionrounds.com/company/zenith-bank) *Founded* - Nigeria **$226M** last round Jan 2025
- 5 [**PalmPay** PalmPay is a licensed financial technology company that specializes in digital payment solutions and smartphone financing in various African and Asian markets,](https://millionrounds.com/company/palmpay) PalmPay is a licensed financial technology company that specializes in digital payment solutions and smartphone financing in various African and Asian markets, *Founded* 2019 Lagos, Nigeria **$140M** last round Jun 2025
- 6 [**LemFi**](https://millionrounds.com/company/lemfi) *Founded* - Nigeria **$106M** last round May 2026
- 7 [**MAX**](https://millionrounds.com/company/max) *Founded* - Nigeria **$76M** last round Oct 2026
- 8 [**Yellow Card** Yellow Card is the largest and only licensed Stablecoin on/off ramp on the African continent.](https://millionrounds.com/company/yellow-card) Yellow Card is the largest and only licensed Stablecoin on/off ramp on the African continent. *Founded* 2016 Birmingham, Nigeria **$73M** last round Aug 2026
- 9 [**Development Bank of Nigeria** Development Bank of Nigeria is a exists to alleviate financing constraints faced by Micro.](https://millionrounds.com/company/development-bank-of-nigeria) Development Bank of Nigeria is a exists to alleviate financing constraints faced by Micro. *Founded* 2017 Abuja, Nigeria **$70M** last round Apr 2018
- 10 [**Sycamore**](https://millionrounds.com/company/sycamore) *Founded* - Nigeria **$65M** last round Apr 2026
- 11 [**Terra Industries**](https://millionrounds.com/company/terra-industries) *Founded* - Nigeria **$52M** last round Aug 2026
- 12 [**Jumia** Jumia Nigeria is a retail store that distributes electronics, books, home appliances, kiddies items, fashion items online with high quality.](https://millionrounds.com/company/jumia) Jumia Nigeria is a retail store that distributes electronics, books, home appliances, kiddies items, fashion items online with high quality. *Founded* 2012 Lagos, Nigeria **$50M** last round Aug 2026
- 13 [**Johnvents Industries** Johnvents Industries is an agribusiness that focuses on long-term growth throughout the agricultural value chain.](https://millionrounds.com/company/johnvents-industries) Johnvents Industries is an agribusiness that focuses on long-term growth throughout the agricultural value chain. *Founded* 2017 Ibadan, Nigeria **$41M** last round Feb 2025
- 14 [**Reliance Health** Reliance Health is a digital healthcare provider focused on making healthcare more affordable and accessible in emerging markets, including Nigeria, Egypt, Sene](https://millionrounds.com/company/reliance-health) Reliance Health is a digital healthcare provider focused on making healthcare more affordable and accessible in emerging markets, including Nigeria, Egypt, Sene *Founded* 2016 Lagos, Nigeria **$40M** last round Feb 2022
- 15 [**Nomba** Nomba is a tech company that offers financial software solutions.](https://millionrounds.com/company/nomba) Nomba is a tech company that offers financial software solutions. *Founded* 2017 Lagos, Nigeria **$33M** last round Sept 2026
- 16 [**Helium Health** Helium Health provides healthcare software for electronic medical records, hospital management, billing/medical loans, and analytics.](https://millionrounds.com/company/helium-health) Helium Health provides healthcare software for electronic medical records, hospital management, billing/medical loans, and analytics. *Founded* 2016 Nigeria **$33M** last round Nov 2026
- 17 [**Kobo360** Kobo360 is a tech-enabled digital logistics platform that aggregates end-to-end haulage operations.](https://millionrounds.com/company/kobo360) Kobo360 is a tech-enabled digital logistics platform that aggregates end-to-end haulage operations. *Founded* 2017 Nigeria **$26M** last round Aug 2019
- 18 [**Chowdeck** Delivering meals, groceries and medicine with ease!](https://millionrounds.com/company/chowdeck) Delivering meals, groceries and medicine with ease! *Founded* 2021 Lagos, Nigeria **$24M** last round Aug 2025
- 19 [**Metro Africa Xpress (MAX)**](https://millionrounds.com/company/metro-africa-xpress-max) *Founded* - Nigeria **$24M** last round Jan 2026
- 20 [**Kredete** Kredete is a platform for African immigrants in North America to send money home to 20+ countries instantly at low fees and build credit.](https://millionrounds.com/company/kredete) Kredete is a platform for African immigrants in North America to send money home to 20+ countries instantly at low fees and build credit. *Founded* 2022 New York, Nigeria **$22M** last round Sept 2025
- 21 [**Jiji** Jiji is an online marketplace that enables buyers and sellers to meet and exchange goods and services.](https://millionrounds.com/company/jiji) Jiji is an online marketplace that enables buyers and sellers to meet and exchange goods and services. *Founded* - Nigeria **$21M** last round Oct 2021
- 22 [**Rensource**](https://millionrounds.com/company/rensource) *Founded* - Nigeria **$20M** last round Dec 2019
- 23 [**OmniRetail** OmniRetail is a B2B e-commerce platform that digitizes informal supply chains.](https://millionrounds.com/company/omniretail) OmniRetail is a B2B e-commerce platform that digitizes informal supply chains. *Founded* 2021 Lagos, Nigeria **$20M** last round Apr 2025
- 24 [**Boomplay** Boomplay, also known as Boomplay Music, is the leading music streaming and download platform in Africa.](https://millionrounds.com/company/boomplay) Boomplay, also known as Boomplay Music, is the leading music streaming and download platform in Africa. *Founded* 2015 Lagos, Nigeria **$20M** last round Apr 2019
- 25 [**Carepoint Hospitals** CarePoint Hospitals is a healthcare provider in Lagos, Nigeria, dedicated to delivering high-quality and affordable medical services.](https://millionrounds.com/company/carepoint-hospitals) CarePoint Hospitals is a healthcare provider in Lagos, Nigeria, dedicated to delivering high-quality and affordable medical services. *Founded* 2017 Lagos, Nigeria **$18M** last round Nov 2021
- 26 [**Bitfxt** Bitfxt is a blockchain-based platform that allows users to trade cryptocurrencies.](https://millionrounds.com/company/bitfxt) Bitfxt is a blockchain-based platform that allows users to trade cryptocurrencies. *Founded* 2016 Lagos, Nigeria **$15M** last round Feb 2020
- 27 [**Waza**](https://millionrounds.com/company/waza) *Founded* - Nigeria **$13M** last round Jan 2025
- 28 [**Paga** Paga is a mobile payment company building an ecosystem to enable people digitally send and receive money, creating simple financial access.](https://millionrounds.com/company/paga) Paga is a mobile payment company building an ecosystem to enable people digitally send and receive money, creating simple financial access. *Founded* 2009 Nigeria **$13M** last round Oct 2015
- 29 [**Tomato Jos** Tomato Jos focuses on empowering farmers through education, logistics, and access to markets.](https://millionrounds.com/company/tomato-jos) Tomato Jos focuses on empowering farmers through education, logistics, and access to markets. *Founded* 2014 Kaduna, Nigeria **$12M** last round Mar 2024
- 30 [**Okra** Okra was an African fintech company that provided an API super-connector for businesses and developers to access real-time financial data and payments from bank](https://millionrounds.com/company/okra) Okra was an African fintech company that provided an API super-connector for businesses and developers to access real-time financial data and payments from bank *Founded* 2020 Lagos, Nigeria **$12M** last round Jan 2022
- 31 [**Daystar Power** Daystar Power specialises in providing solar power and energy efficiency solutions for businesses.](https://millionrounds.com/company/daystar-power) Daystar Power specialises in providing solar power and energy efficiency solutions for businesses. *Founded* 2017 Nigeria **$11M** last round Sept 2021
- 32 [**Raenest** Raenest optimizes accounts receivable & expenses for startups & freelancers with global bank accounts & simplified multicurrency invoicing.](https://millionrounds.com/company/raenest) Raenest optimizes accounts receivable & expenses for startups & freelancers with global bank accounts & simplified multicurrency invoicing. *Founded* 2022 Ikeja, Nigeria **$11M** last round Feb 2025
- 33 [**MainOne** MainOne provides wholesale telecommunication-bandwidth services and land cables for telecom operators and internet service providers.](https://millionrounds.com/company/mainone) MainOne provides wholesale telecommunication-bandwidth services and land cables for telecom operators and internet service providers. *Founded* 2007 Victoria Island, Nigeria **$10M** last round Aug 2005
- 34 [**Arnergy** Arnergy is a Nigerian cleantech company founded in 2013, headquartered in Ilupeju, Lagos.](https://millionrounds.com/company/arnergy) Arnergy is a Nigerian cleantech company founded in 2013, headquartered in Ilupeju, Lagos. *Founded* 2013 Lagos, Nigeria **$9.0M** last round Jun 2019
- 35 [**SeamlessHR** End-to-end, modern cloud-based HR platform for emerging markets.](https://millionrounds.com/company/seamlesshr) End-to-end, modern cloud-based HR platform for emerging markets. *Founded* 2018 Nigeria **$9.0M** last round Jan 2025
- 36 [**Kippa** Kippa, operating as Africave Technologies Limited, is a prominent Nigerian fintech and software company focused on enhancing financial management for small and](https://millionrounds.com/company/kippa) Kippa, operating as Africave Technologies Limited, is a prominent Nigerian fintech and software company focused on enhancing financial management for small and *Founded* 2021 Lagos, Nigeria **$8.4M** last round Sept 2022
- 37 [**Paystack** Paystack lets businesses accept payments via credit card, debit card, money transfer and mobile money on their websites or mobile apps.](https://millionrounds.com/company/paystack) Paystack lets businesses accept payments via credit card, debit card, money transfer and mobile money on their websites or mobile apps. *Founded* 2015 Nigeria **$8.0M** last round Aug 2018
- 38 [**MAX.ng**](https://millionrounds.com/company/max-ng) *Founded* - Nigeria **$7.5M** last round Jun 2019
- 39 [**Babban Gona** Babban Gona, meaning "Great Farm" in Hausa, is an agricultural social enterprise based in Lagos, Nigeria, with a primary hub in Northern Nigeria.](https://millionrounds.com/company/babban-gona) Babban Gona, meaning "Great Farm" in Hausa, is an agricultural social enterprise based in Lagos, Nigeria, with a primary hub in Northern Nigeria. *Founded* 2012 Lagos, Nigeria **$7.5M** last round Sept 2025
- 40 [**Kudi**](https://millionrounds.com/company/kudi) *Founded* - Nigeria **$5.8M** last round Mar 2019
- 41 [**Rana Energy** Rana Energy provides sustainable innovative & customer-centric energy solutions for a greener Africa.](https://millionrounds.com/company/rana-energy) Rana Energy provides sustainable innovative & customer-centric energy solutions for a greener Africa. *Founded* 2022 Nigeria **$5.5M** last round Oct 2025
- 42 [**Cars45** Cars45 buys, sells, prices, and rates the condition of pre-owned autos.](https://millionrounds.com/company/cars45) Cars45 buys, sells, prices, and rates the condition of pre-owned autos. *Founded* 2016 Nigeria **$5.0M** last round May 2017
- 43 [**AB Microfinance Bank Nigeria** AB Microfinance Bank Nigeria is a foreign-owned financial institution, based in Lagos state, which offers a broad range of financial](https://millionrounds.com/company/ab-microfinance-bank-nigeria) AB Microfinance Bank Nigeria is a foreign-owned financial institution, based in Lagos state, which offers a broad range of financial *Founded* 2008 Ikeja, Nigeria **$4.9M** last round Feb 2014
- 44 [**Busha** Busha is a prominent African digital asset platform and fintech company founded in 2019 by Michael Adeyeri, Moyo Sodipo, and Olaoluwa Samuel-Biyi.](https://millionrounds.com/company/busha) Busha is a prominent African digital asset platform and fintech company founded in 2019 by Michael Adeyeri, Moyo Sodipo, and Olaoluwa Samuel-Biyi. *Founded* 2019 Lagos, Nigeria **$4.2M** last round Nov 2021
- 45 [**Shuttlers** Shuttlers is a platform that offers mobility solutions by providing scheduled bus-sharing services for the professionals within the region.](https://millionrounds.com/company/shuttlers) Shuttlers is a platform that offers mobility solutions by providing scheduled bus-sharing services for the professionals within the region. *Founded* 2015 Nigeria **$4.0M** last round Apr 2023
- 46 [**MDaaS Global** MDaaS Global is a healthtech company based in Lagos, Nigeria, focused on providing modern diagnostic and healthcare services to underserved communities across Africa.](https://millionrounds.com/company/mdaas-global) MDaaS Global is a healthtech company based in Lagos, Nigeria, focused on providing modern diagnostic and healthcare services to underserved communities across Africa. *Founded* 2016 Lagos, Nigeria **$4.0M** last round Mar 2024
- 47 [**Payhippo (now Rivy)**](https://millionrounds.com/company/payhippo-now-rivy) *Founded* - Nigeria **$4.0M** last round Mar 2025
- 48 [**Earnipay** Earnipay is a Nigerian fintech company founded in 2021, headquartered in Lekki, Lagos.](https://millionrounds.com/company/earnipay) Earnipay is a Nigerian fintech company founded in 2021, headquartered in Lekki, Lagos. *Founded* 2021 Lagos, Nigeria **$4.0M** last round Feb 2022
- 49 [**Casava** Casava is a Nigerian financial technology company that specializes in providing income protection and affordable health insurance plans.](https://millionrounds.com/company/casava) Casava is a Nigerian financial technology company that specializes in providing income protection and affordable health insurance plans. *Founded* 2019 Lagos, Nigeria **$4.0M** last round Feb 2022
- 50 [**ACE-Africa Courier Express** ACE - Africa Courier Express is a technology-driven logistics firm founded in 2013 and based in Victoria Island, Lagos, Nigeria.](https://millionrounds.com/company/ace-africa-courier-express) ACE - Africa Courier Express is a technology-driven logistics firm founded in 2013 and based in Victoria Island, Lagos, Nigeria. *Founded* 2013 Lagos, Nigeria **$3.7M** last round Feb 2015

**Total funding** how the list is ranked

**15 November 2026** updated nightly

**Rounds we track** source: Millionrounds

Every startup we hold in Nigeria, ranked by the total it has raised in rounds we hold. Nobody pays to be on a list.

## Who backed them?

Open any company for its rounds and investors, or search the investors who back startups in Nigeria in the app, with filters, lists and exports.

[Find their investors](https://millionrounds.com/login?join=1&next=/app/investors)[All top lists](https://millionrounds.com/top-lists)

## More startup lists

[See all](https://millionrounds.com/top-lists?t=All%20startups)

[*O* *A* *X* **Startups in the United States** 42,176 companies · $870B](https://millionrounds.com/top-lists/startups-united-states)[*SC* *N* *F* **Startups in the United Kingdom** 8,355 companies · $79B](https://millionrounds.com/top-lists/startups-united-kingdom)[*O* *D* *TM* **Startups in San Francisco** 4,251 companies · $350B](https://millionrounds.com/top-lists/startups-san-francisco)[*W* *K* *P* **Startups in New York** 3,729 companies · $67B](https://millionrounds.com/top-lists/startups-new-york)[*F* *IL* *PD* **Startups in London** 3,521 companies · $51B](https://millionrounds.com/top-lists/startups-london)[*MA* *M* *TE* **Startups in France** 3,025 companies · $32B](https://millionrounds.com/top-lists/startups-france)[*C* *H8* *AP* **Startups in Canada** 2,950 companies · $38B](https://millionrounds.com/top-lists/startups-canada)[*B* *D* *AF* **Startups in China** 2,168 companies · $163B](https://millionrounds.com/top-lists/startups-china)

## More lists for Nigeria

[See all](https://millionrounds.com/top-lists?r=Nigeria)

[*M* *M* *P* **Fintech startups in Nigeria** 33 companies · $1.4B](https://millionrounds.com/top-lists/fintech-startups-nigeria)[*M* *ZB* *L* **Financial Services startups in Nigeria** 15 companies · $909M](https://millionrounds.com/top-lists/financial-services-startups-nigeria)[*S* *TI* *HH* **AI startups in Nigeria** 11 companies · $183M](https://millionrounds.com/top-lists/ai-startups-nigeria)[*S* *T* *C* **IT Services startups in Nigeria** 10 companies · $7.6M](https://millionrounds.com/top-lists/it-services-startups-nigeria)[*M* *DP* *A* **Cleantech startups in Nigeria** 10 companies · $109M](https://millionrounds.com/top-lists/cleantech-startups-nigeria)