Solutions (528)
In Nigeria, only 7 million out of the estimated 200 million population is subscribed to a health insurance policy. Of the 7 million, 98% were enrolled by their employees. A local startup wants to change that situation by leveraging technology.
In 2019, Nigerian tech entrepreneur Kayode Odeyinde founded NucleusIS, a startup that wants to leverage technology for universal healthcare in Nigeria. Through its eponymous digital platform, the startup allows individuals and firms to subscribe to health insurance policies.
It offers users access to hundreds of subscription plans created by dozens of insurance firms. The information to be provided for registration and subscription depends on the user’s insured and employment status as well as location.
Recently, NucleusIs introduced a plan allowing users to buy health insurance on credit. “NucleusIS will continue to look for ways to use technology and financial initiatives to drive health insurance adoption across the continent. (...) The platform is one of the many initiatives the company will be rolling out to make health insurance truly accessible and affordable to the average person,” indicated its head of Communication Godwin Awuya.
The startup currently claims more than 200,00 health insurance policies sold and 600 corporate clients managed. “We want to provide about 180,000 touchpoints across the country and add over 20 million people to the insurance net annually,” explained Odeyinde in 2021. The startup is already active in Nigeria and Ghana but it plans to enter new African markets in the next three years.
Adoni Conrad Quenum
The number of e-commerce businesses operating in Africa is growing daily. The ecosystem has become so competitive, threatening the survival of a large number of those businesses. In Kenya, a startup wants to use artificial intelligence and big data to help businesses avoid stories that touch.
Lisa is a business assistant launched in January 2022 by Kenyan startup Phindor. By combining artificial intelligence and big data, it analyzes commercial data and network firms, service providers, and clients via its web/mobile platforms.
Lisa, the startup founded in 2018 by Pheneas Munene (photo), anticipates shifts in demand and market trends by collecting online and offline market data, analyzing clients’ feedback, and organizing surveys. The business assistant also does so many things like forecasting business performance and recommending market segments to explore.
“It is usually a “wow” moment when we walk into someone’s shop and explain to them what the app can do. Surprisingly for us, we found out that most of the users had ideas of such a product but have never had a solution that fits all these needs in such a way they would adopt it. We have had challenges explaining the app to the least tech-savvy, but overall, the adoption has been smooth,” Pheneas said.
Phindor started as a website allowing users to compare the price of school items. However, in 2018, its founder decided to offer data management and analytics services. “We decided to work towards creating a simple, lightweight, and affordable app to help businesses capture data, keep it and use AI to draw insights from this data, just like giant companies are doing,” Pheneas Munene told Disrupt Africa.
Thanks to Lisa, Phindor enables businesses “to apply the power of AI to make sense of this data by helping them segment customers in their markets, generate smart supply chain networks, analyze their markets and predict the future performance of their businesses, as well as track sale items over time to enable them to make proper purchase decisions,” he added.
To access its services, users just have to chat with a dedicated chatbot or converse with the startup’s voice assistant. Once registered, users pay a flat US5 monthly fee plus a percentage of their monthly sales.
According to Phindor, 500 users are already registered on Lisa. Its ambition is to expand into Rwanda, Nigeria, and Ghana but for that, it needs more funds. So, the startup hopes it will complete a funding round to raise US$100,000.
Adoni Conrad Quenum
According to the GSMA’s Mobile Economy 2021, 40% of Sub-Saharan Africa’s population will be connected to the internet by 2025. To allow brands and communication agencies to reach that growing client base and let social media users earn money by facilitating that outreach, Wowzi is developing mobile solutions.
Wowzi is a Kenyan startup that connects social media users with advertising agencies and brands. The startup was co-founded, in 2019, by Mike Otieno, Hassan Bashir, and Brian Mogeni.
Via its mobile app -available on PlayStore only- it helps content creators earn money by publishing brand messages on their pages and accounts. The startup focuses on pages and accounts with less than 10,000 followers on Facebook, Twitter, Instagram, and TikTok for authentic engagement. Unlike influencers with tens or hundreds of thousands of followers, those accounts and pages have better trust relationships with the followers, which translates to better engagement.
“Brands want to have more authentic engagements or endorsements for products, from people who use and love them and can talk about real practical applications. Our campaigns show that nano influencers deliver better sales leads because of the higher trust with their following,” explains Johnny Falla, chief development and growth officer at Wowzi.
“We offer a really comprehensive reporting dashboard online. So, brands can check in to see exactly what happened, what posts were made by the influencers, which ones performed the best, and analytics of the demographics for people who were actually reached,” he adds.
To earn money with Wowzi, social media users need to register and provide detailed information that will allow the startup to assess eligibility. As for brands and advertising agencies, they must create an account, set up advertising campaigns, select the social media users they want to work with, brief the selected users, and monitor performances through the dedicated dashboard.
Wowzi currently claims more than 50,000 registered nano-influencers, 150 clients (advertising agencies and brands), and 15,000 campaigns already launched. Its services have already been used by renowned groups like Netflix, Coca-Cola, and Nestlé. It is already present in eight African countries but, it plans to expand further, in Nigeria, Ghana, and South Africa notably. For that purpose, in late December 2021, it secured US$3.2 million to fund its expansion plan and upgrade infrastructure.
Adoni Conrad Quenum
In Africa, most firms and individuals face credit challenges because traditional banks are more inclined on lending funds to governments, large firms, and high net-worth individuals. In Nigeria, Lendsqr wants to address that issue by decentralizing credit access for individuals.
In Nigeria, fintech startup Lendsqr wants to solve credit problems. With its eponymous cloud platform, the startup founded in 2018 by Adedeji Olowe (photo) facilitates loans to small firms and middle-class individuals.
“At Lendsqr, we’re on a mission to simplify the lending process with an easy, but sophisticated technology that can guarantee an awesome lending experience. We strongly believe that our technology will solve the credit gap in developing countries and improve the lives of millions,” the startup promises.
With its cloud platform, it automates the loan process, allowing lenders to personalize, manage and optimize their offers. To access its services, borrowers must register and confirm their identities using official documents.
Lendsqr is currently more focused on small firms. Its ambition is to help them get access to the credit they need for their development. It has no mobile apps but, it is accessible through a USSD code that allows users, those living in remote areas notably, to easily request loans. In March 2022, the startup raised US$1 million to support its growth.
Adoni Conrad Quenum
In Africa, startups usually face management problems due to limited financial resources. Egyptian startup Milezmore wants to address that issue in the e-commerce sector by offering logistics and supply-chain management solutions.
Milezmore is an Egyptian startup founded in 2021 by Ahmed El Attar and Mohamed Abdulaziz. Through its eponymous platform, it offers a range of reliable, scalable, and cost-efficient logistics solutions. Its technology is based on cloud computing, which allows better supply chain management as well as optimization of performance and profitability.
“What I witnessed during the past four years is that the traditional supply chain wasn’t built to solve today’s problem, and I believe Milezmore was built for that. In one year, we were able to build a strong and passionate team that drove the company forward and achieved tremendous results,” says MD and co-founder Ahmed El Attar explaining the idea behind the startup.
The services offered by Milezmore are accessible through its SaaS platform (there is currently no mobile Milezmore app) with one simple subscription. They include stock management, warehousing, order fulfillment, last-mile delivery, return management, and payment collection. Small businesses, in the e-commerce sector notably, can therefore contract Milezmore for their logistics needs to save costs and reduce financial risks.
The start-up has over 20,000 square meters of warehousing space and 15 delivery centers. With more than one million parcels delivered, it claims a 94% success rate. In February 2022, it raised US$5 million in pre-seed funding to upgrade its technology and support growth.
Adoni Conrad Quenum
Agriculture is the cornerstone of several economies in Africa. Yet, the sector is underexploited. With the emergence of innovative digital solutions, hopes are high that the agriculture sector will actively contribute to development on the continent.
Apollo Agriculture is a Kenyan startup founded in 2016 by Benjamin Njenga, Earl St Sauver, and Eli Pollak. Through its digital platform, accessible through an android app only, it allows farmers access to inputs, funding, and previously inaccessible markets.
It aims to help its users maximize their profits. Since its creation, the startup has completed several funding rounds, totaling US$52.2 million, to upgrade its technology and support growth.
“We are continuing to invest in growing faster; serving more farmers, helping them increase their acreage, and speeding up business. And So it will be a continued expansion in both Kenya and new markets,” said CEO Eli Pollak.
To access the services offered by Apollo Agriculture, farmers must register through the android app, and provide information including their marital status and their cultivated areas. After that step, Apollo Agriculture collects satellite imagery of the farms and uses artificial intelligence to estimate solvency and machine learning to make better decisions concerning the loans that can be granted to a specific farmer.
The startup claims over 100,000 farmers, more than a thousand retailers, and 5,000 agents, who operate across the country to attract farmers even from the most remote areas. For 2022, its ambition is to double the number of farmers in its portfolio.
Adoni Conrad Quenum
The coronavirus pandemic forced several African startups to overhaul their business model to survive. Though forceful, the overhaul was beneficial for most of them. For instance, from a simple ride-hailing app, Gozem has grown to become one of the well-known African super-apps.
Gozem is a Togolese startup, with main offices in Togo and Singapore, founded in 2018 by Emeka Ajene, Gregory Costamagna, and Raphael Dana. Through its eponymous platform, it offers ride-hailing, e-commerce, logistics, and financial services.
Users can access all of the services it offers, in one click, through the app available on PlayStore and AppStore. They can hail a bike, book a taxi or a 3-wheeler, order food from various restaurants or buy groceries. The services can be paid using cash, mobile money, or bank cards. Gozem also integrates a digital wallet that can be loaded using mobile money to pay for the services and orders. “What we’re trying to offer is an integrated wallet solution that is included in a suite of different services,” explains co-founder Gregory Costamagna.
From its creation to date, the startup has completed several funding rounds raising a total of US$1.7 million for its expansion in Francophone African markets, Benin, Gabon and Cameroon notably.
In December 2021, it was claiming over 250 staff, close to 800,000 registered users, and over five million trips booked on its markets. Its ambition is to expand further in Francophone Africa by entering the Democratic Republic of Congo, Senegal, and Côte d’Ivoire.
“Where we operate on the continent is kind of what some might call second-tier African markets. But we have an opportunity and believe in the model we’re pursuing. It’s really a wide berth where there’s lesser competition, as discussed across all our verticals. While we are operating in four countries, we want to be embedded across the region over the next year,” Ajene indicates.
Adoni Conrad Quenum
Artificial intelligence and machine learning are important tools to improve the efficiency of digital solutions. They are now used by a growing number of African startups.
In 2021, Nour Altaher and Omar Mansour co-founded Egyptian market research startup Intella, a startup that uses artificial intelligence, machine learning, and big data to improve business insights. Through its cloud-based platform, the startup allows firms to create quick custom surveys, run online focus groups and use data to optimize their brand performance.
In March 2022, Intella raised US$1 million to attract new talents, improve its platform and develop new analytics tools. According to co-founder and CTO Omar Mansour, “Intella is a real technological innovation, offering predictive machine-learning and analytic models based on new pattern discovery and big data, which has proved to be of unparalleled value for companies aiming at making informed decisions, and meeting the needs of their customers promptly.”
It can therefore be used by government entities, financial institutions, startups, or even SMEs planning to launch new products. The platform collects real-time information from its online communities of students, techies, millennials, and single mothers. Thanks to the diversity of its community and its specific algorithms that assess the quality of the answers given by each of the surveyed, the platform improves the quality of surveys it spearheads.
Currently, Intella’s services are only available through its web platform. To launch a new project, users just have to visit its website, provide a set of information like the nature of the project, the target country, and sector and leave Intella to handle the rest. Its pricing depends on several parameters like the type and size of the audience and the project duration.
Adoni Conrad Quenum
In Africa, startups are developing digital solutions to facilitate the daily life of the population. Local startup Sticitt is doing the same in South Africa’s education sector.
South African startup Sticitt launched, in 2018, a comprehensive cashless payment solution, Sticitt Pay, to ease payments in various sectors.
The startup was co-founded in 2017 (according to company insight platform Crunchbase) by Dennis Wevell (photo, center), Mitch Dart (photo, right), Theo Kitshoff (photo, left).
It serves several clients, including lifestyle and golf estates, however, it is renowned for its services in the education sector. It allows parents and students to pay school fees and contributions for school-related activities. Through its communication feature, it also allows parents to track learners’ progress.
According to co-founder and CEO Theo Kitshoff, “Sticitt Pay [...] offers schools an integrated smart payment system that is safe and easy to use and is the first important step in our journey to simplify education-related payments and building toward a youth banking alternative.”
Just after the launch of Sticitt Pay, the three co-founders signed a deal with edtech d6 Group to gain access to a prospective list of 2,000 school clients through the partner’s network.
Currently, the startup claims 791 schools contracted, 97,650 accounts created and 677,096 learners reached. It further reveals that in the first quarter of 2020, it processed transactions totaling US$616,000 for 400 schools.
Its ambition is to add more features to its platform and extend its reach to cover SMEs operating in the education ecosystem. For the founders, the startup is already at the post-revenue stage but it should strive for sustainable growth in the ecosystem.
For that purpose, in March 2022, it completed an oversubscribed seed funding round. The amount raised was not disclosed but, for Sticitt director Dr. Eugene van Rensburg, with the funds, Sticitt will “accelerate its product development, schools deployment and significantly contribute to the upliftment of learners, their parents, and schools.”
Adoni Conrad Quenum
In Africa, a growing number of digital solutions are gradually turning to super-apps offering multiple services.
In 2019, Franco-Nigerian startup Kwik launched an eponymous digital solution that allows users to order products online, pay, and get them delivered in a timely manner. Founded in 2018 by Olivier Decrock, Romain Poirot Lellig, and Yinka Olayanju, the startup successfully completed several funding rounds totaling US$4.2 million to cover the whole of Nigeria.
According to Kwik co-founder and CEO Romain Poirot Lellig, the goal is for the startup “to become the prime app choice for African social vendors and for traditional merchants going digital. Integrating delivery, payment, and e-commerce tool seamlessly in one easy-to-use mobile app is a catchy proposition.”
The digital solution, available on iOS and Android, has several features that allow online store owners to seamlessly manage their businesses. The solution has already been adopted by more than 1000,000 merchants for their businesses’ logistics, commercial and financial needs.
To deliver the orders placed through its app, Kwik uses motorbikes, vans, or rucks depending on the quantity and size of the goods to be delivered. Specifically, goods weighing 25 kilograms and below are delivered using bikes while those comprising between 1.5 and two tons are delivered with vans. Other goods whose weight exceeds those limits are delivered by trucks. With such a fleet, last-mile delivery is easy, fast, and affordable, the startup indicates. For each delivery, it collects 20% of the revenue generated while drivers keep the remaining amount.
By the end of 2022, the startup plans to launch a credit service and increase its merchant base to 800,000.
Adoni Conrad Quenum
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In Africa, the startup ecosystem is buzzing with all sorts of tech from fintech to healthech and e-tourism. Food delivery startup Elmenus is one of them. With its mobile app Elmenus, it wants to showcase Egypt's culinary specialties.
Elmenus is a digital platform launched in 2018 by the eponymous startup to showcase Egyptian culinary specialties and the restaurants where they can be found. The startup was founded in 2011 by Amir Allam. Between February 2012 and February 2022, it completed several funding rounds totaling US$19.5 million to support its local expansion. Its investors include notable names like Careem and Luxor Capital Group as well as local fund Unicorn Fawry.
According to Amir Allam (photo, center) by investing in Elmenus, investors have approved the startup’s “unique strategy.” “We are accelerating the adoption of online ordering by users while enabling restaurants with new verticals – to help them scale. This funding demonstrates the investors’ strong belief in our position in Egypt, and our capability to dominate the market,” he explains.
The digital platform is available on PlayStore, AppStore, and AppGallery (the app store developed by Huawei). It allows users to easily and quickly order food from more than 6,000 restaurants without making a single call. The user can even track the status of his/her order all through the delivery process. They can pay on delivery with cash or bank cards.
The mobile app has a social sharing feature that allows users to share pictures of the foods they ordered through Elmenus. To access the services, users have to register on the platform, by entering their name, email, and a secure password.
Adoni Conrad Quenum
In Africa, doctor density is below the World Health Organization’s recommendations. To alleviate the issue, startups are developing local e-health solutions.
Waspito is an e-health platform set up by a Cameroonian start-up that connects patients with doctors for live video consultations. Founded in 2020, by Jean Lobé Lobé (photo), Waspito successfully completed a US$2.7 million funding round, in March 2022, to support its growth and expand into Côte d’Ivoire. The seed fund was contributed by notable investors like Launch Africa Ventures, Newtown Partners, and Orange Ventures.
“We are proud of the pool of investors we were able to get on this round. Their experience and network will add value to our team as we continue this journey to solving Africa’s health care accessibility and affordability problem,” said Jean Lobé Lobé commending the investment.
According to the founder and CEO, Waspito plans to enter a dozen countries in the next four years.
The platform offers its services through internet but it also has a mobile app available on PlayStore and AppStore. Users can book consultations with doctors and access a list of available pharmacists and laboratories. The aim is to allow users to quickly get medication or even get them delivered to their doorsteps and perform lab tests after the online consultations. It also has a forum managed by doctors. Through that forum, users can anonymously submit their problems to get help from doctors.
Currently, the platform claims more than 15,000 patients served. In 2020, it was one of the seven winners of Orange Ventures' MEA Seed Challenge.
Adoni Conrad Quenum
In Africa, the low bancarisation rate, combined with the digitalization fever, offers a fertile ground for the development of fintech startups.
Yoco is a South African fintech startup co-founded in 2013 by Katlego Maphai, Carl Wazen, Bradley Wattrus, and Lungisa Matshoba. Through its platform, it allows entrepreneurs to accept card payments. In 2017, the startup launched an eponymous mobile app to serve more clients in the local market.
The platform allows Yoco clients to collect card payments but, it also gives SMEs the possibility to get cash advances to develop their businesses, through Yoco Capital. With Yoco Capital, the South African startup aims to help SMEs that are unable to get loans from traditional institutions develop their operations with no worries about deadlines, interest rates, or even defaulting risks and their consequences.
“We understand that accessing capital is one of the hardest challenges faced by small business owners. It's also one of the biggest reasons why small businesses remain small. We continue to offer solutions that leverage smart technology to help small businesses grow,” indicates Yoco co-founder Katlego Maphai.
Yoco Capital is accessible to eligible Yoco merchants only. Within one day, applicants can receive the loans requested. The amounts granted can range from ZAR2,500 (US$160) to ZAR75,000 (US$4,800).
Since its creation, the startup has completed several funding rounds. The latest is a Series C funding round completed in July 2021. During that round led by Dragoneer Investment Group, Yoco raised US$83 million “to accelerate product development.”
In 2021, the startup claimed it had 150,000 businesses in its portfolio with 500 new merchants adding to that portfolio daily. Currently, the startup plans to expand into new African markets. Indeed, 90% of SMEs operating on the continent are small businesses. Yoco’s offers will be highly valuable to African entrepreneurs.
In 2017, Yoco was selected by CB Insights as one of the top 250 financial technology companies in the world.
Adoni Conrad Quenum
In Africa, thanks to technology, citizens now have easy access to alternative financial solutions. Lucky is one of those solutions.
Lucky is a digital app that gives users in the MENA region the chance to win discounts, as well as access interesting offers, cashback, and credit products from 20,000 local and international brands. The platform was developed by the eponymous startup, Lucky, co-founded in 2018 by two Egyptians, Momtaz Moussa and Ayman Essawy (photo).
In March 2022, some four years after its creation, the startup completed a US$25 million series A funding round to support its growth in the MENA region. Lucky gives users transparent offers and increased buying power in a region where consumers usually have poor or no access to credit. For Momtaz Moussa, “the MENA region’s huge unbanked, young population and cash-dominated economy is a significant market opportunity” for Lucky.
All users have to do is to download Lucky from AppStore or PlayStore, register, and shop as they usually do to start accumulating points to be redeemed for discounts and cashback from the numerous e-commerce platforms Lucky is partnered with. Most of the time, the offers and cashback come from brands seeking more visibility. In their quest, they pay commissions to Lucky, which redirects part of those commissions to its users through the offers and cashback.
Currently, the startup claims more than eight million users and a network of 30,000 stores.
Adoni Conrad Quenum