490 Top startups in Lagos for April 2025

We rank Jiji, PalmPay and Moove in Lagos along with 487 other startups based on an algorithm that scores startups based on total investment, employee count, and quarterly website traffic. Lagos startup ecosystem ranks #70 globally and #1 in Nigeria.

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Top Unicorn Startups in Lagos for 2025

Two startups have achieved unicorn status by exceeding USD 1 billion in valuation. Collectively, the top two unicorns in Lagos have raised more than USD 4B.
SB Score:669

Moniepoint is a financial technology company that provides digital financial services for businesses. The company's services include payment solutions, banking services, credit provision, and business management tools that assist in financial transactions and operations.

Industry:
Fintech
Subindustry:
Financial Services

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SB Score:640

Flutterwave provides a payment infrastructure for merchants and payment service providers. They offer an online marketplace for businesses to list their products and services for sale. They provide payment tools, including a smart payment ordering system for businesses to accept payments.

Industry:
Fintech
Subindustry:
Financial Services

National Rank (Nigeria)

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Total amount:2

Best Startups in Lagos for 2025

1st

Jiji
SB Score:632

Jiji, Africa's top classifieds marketplace, expanded to four new countries in 2019 after being acquired by OLX. With over 8 million monthly unique users, Jiji is a leading platform for buying and selling goods in Nigeria and beyond.

Industry:
Marketing & Sales
Subindustry:
Adtech

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SB Score:601

PalmPay is a fintech company that offers digital payment services for consumers and merchants.

Industry:
Fintech
Subindustry:
Fintech-Other

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SB Score:530

Moove is a mobility fintech that provides revenue-based vehicle financing to mobility entrepreneurs, democratizing vehicle ownership across Africa. The company embeds its alternative credit-scoring technology onto ride-hailing, logistics, and last-mile/instant delivery platforms, which allows access to proprietary performance and revenue analytics of mobility entrepreneurs to underwrite loans.

Industry:
Fintech
Subindustry:
Financial Services

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SB Score:523

Autochek is a cutting-edge automotive technology company dedicated to creating digital solutions for the industry. Their goal is to revolutionize the way people interact with their vehicles by providing innovative and user-friendly tools.

Industry:
Transportation
Subindustry:
Automotive

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SB Score:512

Quala is a customer success platform that prioritizes human interaction. By merging qualitative assessments with straightforward quantitative metrics, it empowers businesses to gain a comprehensive understanding of their customers, fostering meaningful connections and enhancing customer experiences.

Industry:
Software & Data
Subindustry:
SaaS

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SB Score:471

Reliance HMO is a forward-thinking health insurance provider that harnesses technology to offer streamlined healthcare services. By delivering innovative solutions, it aims to ensure that quality healthcare is accessible to everyone, transforming the way individuals experience and engage with their health management.

Industry:
Software & Data
Subindustry:
Apps

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SB Score:460

PiggyVest is a financial management platform for individuals and businesses to effectively handle their finances. Manage your money better with PiggyVest.

Industry:
Fintech
Subindustry:
Financial Services

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SB Score:457

Reliance Health leverages technology to provide affordable and accessible healthcare in emerging markets. Through a mix of health insurance, telemedicine, and partnerships with healthcare facilities, they ensure quality care for all.

Industry:
Healthtech
Subindustry:
Health Care

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SB Score:455

The startup provides affordable agricultural supplies, financial assistance, and training to a network of small-scale maize and rice farmers.

Industry:
Foodtech
Subindustry:
Agtech

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SB Score:444

Cowrywise democratizes access to premium financial services for everyone by offering a range of services to the mass market.

Industry:
Fintech
Subindustry:
Financial Services

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11th

Cars45
SB Score:444

Cars45 simplifies the process of buying and selling pre-owned cars in Nigeria. Owners can get a free quote online by entering their vehicle details, then schedule an appointment at one of 13 inspection centers for a thorough evaluation.

Industry:
Ecommerce & Retail
Subindustry:
Ecommerce

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Total amount:490

Top 114 Fintech Startups in Lagos for 2025

The top three Fintech startups in Lagos have raised more than USD 664M. Lagos startup ecosystem ranks #34 globally for the Fintech industry.
SB Score:601

PalmPay is a fintech company that offers digital payment services for consumers and merchants.

Industry:
Fintech
Subindustry:
Fintech-Other

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SB Score:530

Moove is a mobility fintech that provides revenue-based vehicle financing to mobility entrepreneurs, democratizing vehicle ownership across Africa. The company embeds its alternative credit-scoring technology onto ride-hailing, logistics, and last-mile/instant delivery platforms, which allows access to proprietary performance and revenue analytics of mobility entrepreneurs to underwrite loans.

Industry:
Fintech
Subindustry:
Financial Services

National Rank (Nigeria)

0

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Regional Rank (Western Africa)

0

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Global Rank (WorldWide)

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SB Score:460

PiggyVest is a financial management platform for individuals and businesses to effectively handle their finances. Manage your money better with PiggyVest.

Industry:
Fintech
Subindustry:
Financial Services

National Rank (Nigeria)

0

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Regional Rank (Western Africa)

0

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Total amount:114

Top 74 Ecommerce & Retail Startups in Lagos for 2025

The top three Ecommerce & Retail startups in Lagos have raised more than USD 194M. Lagos startup ecosystem ranks #50 globally for the Ecommerce & Retail industry.
SB Score:444

Cars45 simplifies the process of buying and selling pre-owned cars in Nigeria. Owners can get a free quote online by entering their vehicle details, then schedule an appointment at one of 13 inspection centers for a thorough evaluation.

Industry:
Ecommerce & Retail
Subindustry:
Ecommerce

National Rank (Nigeria)

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SB Score:430

Sabi Am is a B2B network that speeds up informal trade by connecting businesses across all industries. It accelerates commerce, making transactions faster and more efficient.

Industry:
Ecommerce & Retail
Subindustry:
Ecommerce & Retail-Other

National Rank (Nigeria)

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SB Score:410

Pricepally connects African city dwellers with fresh food items and popular food brands directly from the source. Enjoy secure, affordable shopping for a wide variety of products, all conveniently accessible through our platform.

Industry:
Ecommerce & Retail
Subindustry:
Ecommerce

National Rank (Nigeria)

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Regional Rank (Western Africa)

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Total amount:74

Top 135 Software & Data Startups in Lagos for 2025

The top three Software & Data startups in Lagos have raised more than USD 353M. Lagos startup ecosystem ranks #128 globally for the Software & Data industry.
SB Score:512

Quala is a customer success platform that prioritizes human interaction. By merging qualitative assessments with straightforward quantitative metrics, it empowers businesses to gain a comprehensive understanding of their customers, fostering meaningful connections and enhancing customer experiences.

Industry:
Software & Data
Subindustry:
SaaS

National Rank (Nigeria)

0

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SB Score:471

Reliance HMO is a forward-thinking health insurance provider that harnesses technology to offer streamlined healthcare services. By delivering innovative solutions, it aims to ensure that quality healthcare is accessible to everyone, transforming the way individuals experience and engage with their health management.

Industry:
Software & Data
Subindustry:
Apps

National Rank (Nigeria)

0

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Regional Rank (Western Africa)

0

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SB Score:437

Tizeti offers fast and reliable broadband internet to crowded urban areas in Africa. Get connected with seamless service for your online needs.

Industry:
Software & Data
Subindustry:
Enterprise Technology

National Rank (Nigeria)

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Total amount:135

Most Funded Startups in Lagos for 2025

The top three most funded startups in Lagos have raised total funding of more than USD 664M. Moove has 1.38% more funding than Kuda.
SB Score:530

Moove is a mobility fintech that provides revenue-based vehicle financing to mobility entrepreneurs, democratizing vehicle ownership across Africa. The company embeds its alternative credit-scoring technology onto ride-hailing, logistics, and last-mile/instant delivery platforms, which allows access to proprietary performance and revenue analytics of mobility entrepreneurs to underwrite loans.

Industry:
Fintech
Subindustry:
Financial Services

National Rank (Nigeria)

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2nd

Kuda
SB Score:400

Kuda is a digital-only bank founded in 2019 by Babs Ogundeyi and Musty Mustapha, with a mission to provide banking services to every African worldwide. Headquartered in London, Kuda offers a full range of banking solutions designed to empower users and enhance financial access across the continent.

Industry:
Fintech
Subindustry:
Financial Services

National Rank (Nigeria)

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SB Score:271

PalmPay is a user-friendly payment app that offers rewards for secure transactions. Get cashback and bonuses while making payments hassle-free.

Industry:
Software & Data
Subindustry:
Apps

National Rank (Nigeria)

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Total amount:490

Top Hiring Startups in Lagos by Employee Number

The top three hiring startups in Lagos have an median employee size that is between [501-1000]
SB Score:601

PalmPay is a fintech company that offers digital payment services for consumers and merchants.

Industry:
Fintech
Subindustry:
Fintech-Other

National Rank (Nigeria)

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SB Score:455

The startup provides affordable agricultural supplies, financial assistance, and training to a network of small-scale maize and rice farmers.

Industry:
Foodtech
Subindustry:
Agtech

National Rank (Nigeria)

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SB Score:425

Kobo360 is a platform that links cargo owners with truck drivers, streamlining the logistics process. Joining them is as easy as signing up, giving you access to a network of reliable transportation options for your goods.

Industry:
Transportation
Subindustry:
Logistics

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SB Score:380

A top-tier Real Estate and Construction Company poised to revolutionize Nigeria and Africa's property market. With a vision to redefine standards, they aim to be the leading force in transforming the industry.

Industry:
Ecommerce & Retail
Subindustry:
Proptech

National Rank (Nigeria)

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Total amount:490

Explore the Startup Ecosystem of Lagos

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Regional Rank

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Global Rank

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Top Cities for Startups in Nigeria - Ranked by StartupBlink

StartupBlink ranks the startup ecosystems of more than 100 countries and 1,000 cities. Download our latest Global Startup Ecosystem Report.
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2024 National Rank CityGlobal Rank
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Total Score

Access subscores for 1000 cities and 100 countries

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Quantity Score
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Quality Score
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Business Score
1st
0
70th
+
12
9.786
00.00
00.00
00.00
2nd
0
447th
+
140
0.630
00.00
00.00
00.00
3rd
0
456th
+
175
0.607
00.00
00.00
00.00
4th
0
697th
+
144
0.249
00.00
00.00
00.00
5th
0
768th
+
193
0.203
00.00
00.00
00.00
6th
new
867th
new
0.159
00.00
00.00
00.00
7th
new
1107th
new
0.085
00.00
00.00
00.00
8th
new
1211th
new
0.063
00.00
00.00
00.00
9th
new
1244th
new
0.057
00.00
00.00
00.00
10th
new
1247th
new
0.056
00.00
00.00
00.00
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