Nigeria: Kingsley Nwose professionalizes low-budget e-retailers

By : Melchior Koba

Date : mercredi, 14 septembre 2022 12:54

His ambition has always been to contribute to financial inclusion in Africa. After his stint at the online betting and gaming company 1960bet, he embarked on an entrepreneurship journey, becoming the co-founder of two fintech companies.  

Kingsley Nwose (photo) is a Nigerian economist and entrepreneur. In August 2020, he co-founded fintech platform Joovlin with Yusuf Olalere and Lucky Mark, two fellow students he met during his time at the Meltwater Entrepreneurial School of Technology. Through Joovlin, he provides B2B solutions helping businesses manage their stocks and boost sales. 

We noticed that lots of people have started selling on social media – WhatsApp, Instagram, and Facebook. […] Over 90 percent of them do not stock any goods, they only post images of trending products and source them when orders are placed. They walk from store to store picking up the ordered items, and also manually find logistics personnel to deliver the orders. [...],” he told Disrupt Africa in September 2022.  

According to the media, “Joovlin decided to work on making this disjointed process more efficient, and early uptake has been strong.”  Meanwhile, Kingsley explains that his startup  enables “low-budget underserved retailers to sell with zero capital investment.” “We are also providing a direct-to-retailer tool for enterprises. We help them connect directly with their retailers,” he added. 

Kingsley holds a degree in database and server administration from the Indian talent development corporation NIIT Pune. In 2015, he got a Master’s in Monetary Economics from the University of Port Harcourt, Nigeria.  Two years later, he received an entrepreneurship certificate from Bocconi University, Italy. 

The entrepreneur also co-founded Nigerian fintech Bewla in 2017. Currently, he is a Tony Elumelu Foundation and Yali Africa business mentor. He began his professional career, in 2013, as the area manager of Nigerian gambling company 1960bet. After years as the business developer of Bewla, he joined MEST Africa as a product designer and business developer. He co-founded Joovlin after leaving MEST Africa.

In August 2022, he became one of the winners of the Seedstars Migration Entrepreneurship Prize, which rewards socially-driven businesses that “enhance the economic inclusion of migrants in the Middle East and Africa

Melchior Koba


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