youngscholar:
Nice.

It will be better if Edtech startup gets similar funding because I also have one that needs funding.

Nice anyways.

What stage is your Edtech idea? What does it address? Don't give away the core but I'd like to know.

PresidentAtiku:
Smart youths using their God given brain for legit stuff.

Not people like Slawomir and every other Nigerian youth wasting their lives doing yahoo. Wicked demons

Legit money is bae abeg

Look deeper!!

humilitypays:
having an idea is not enough, you need to Kickstart it, form a group of fellow startup entrepreneurs, enter market, and then use the figures to canvass for investors.


Profile of the startup team also matters. Where have they worked previously, what solution is the startup offering that others aren't. How has it been accepted by the target market, etc

thanks it just got clearer to me.

angelfallz:
how many Fintechs would nigeria have biko nu?

We need more agricultural technogoly (Agritech)

And it is mostly Southerners that are rushing into this fintech of a thing and ignoring agriculture. Yet we the same southerners start frothing at the mouth when the north decide to ban the sale of food items to the south.

Fintech companies in Nigeria by Nigerians
Paystack
Flutterwave
Piggyvest
eTransact
Interswitch
Remita
Paga
Kuda bank
Cellulant
Abeg
And many more

Agritech companies in Nigeria by Nigerians

Farmcrowdy
Groupfarma
Farmkart
Thrive Agric
Ezfarming
Payfarmer

It is good there are some agritech in Nigeria by Nigerians. But it obvious with the agricultural products we import that we need more agritech to boost our agricultural sector and achieve food sufficiency and security in our country.
If people are hungry no development can take place.

na para made you misspelled technology?

One day, we will sha open eyes to other areas. Fintech fintech fintech.....until 9jas knock it down, we wont look into other tech areas. One person succeeds in an area, everyone does it.

The problem with this is mostly the clause from these angel investors at the pre-seed funding.

The ROI and more. There are so many sharks out there and sometimes one rather scales the idea to a certain stage before opening it up.

I've been working on a philanthropy-driven fintech idea for months now but refusing to open it up.

angelfallz:
how many Fintechs would nigeria have biko nu?

We need more agricultural technogoly (Agritech)

And it is mostly Southerners that are rushing into this fintech of a thing and ignoring agriculture. Yet we the same southerners start frothing at the mouth when the north decide to ban the sale of food items to the south.

Fintech companies in Nigeria by Nigerians
Paystack
Flutterwave
Piggyvest
eTransact
Interswitch
Remita
Paga
Kuda bank
Cellulant
Abeg
And many more

Agritech companies in Nigeria by Nigerians

Farmcrowdy
Groupfarma
Farmkart
Thrive Agric
Ezfarming
Payfarmer

It is good there are some agritech in Nigeria by Nigerians. But it obvious with the agricultural products we import that we need more agritech to boost our agricultural sector and achieve food sufficiency and security in our country.
If people are hungry no development can take place.

I didnt read your comment before I made mine. God bless you. Until dem knock down fintech and regulations start getting tougher and they start shouting government is when they will have sense.

My thing with Agritech is that it is not straight forward. The tech guys dont know anything about it. They have to depend on illiterates in the villages and scammers.

Agritech is no go area for now also cos the system is not so ok. Until there exist solutions for the problems. Solutions are what Agritech should produce, but they arent. Sorry bro. They are making their clients cry.

youngscholar:
Nice.

It will be better if Edtech startup gets similar funding because I also have one that needs funding.

Nice anyways.

It's really saturated already as all so called finTech are into same thing. They somehow go into consumer lending stuff and the next comes up with same.
They need to go into other direct sectors

Raph82:
The niche will soon cast. Nigerians only know how to do one business. Once they see this news now, u'll see everyone flying Fintech companies here and there, it will then become mess. We abuse virtually anything in Nigeria

That's why the sector needs to be regulated. No fintech should be allowed to boycott the necessary financial regulations. More importantly, the public needs serious enlightenment. Many can't differentiate between Prospa or Piggyvest and MMM.

iscom:
The person above me.. Two of us will share the money equal. Na the same time we comment ooo. Up Prospa

Same minute, different seconds.

I have an acount with Prospa... it could be likened to the several e-wallets that are already existing. The major difference is that it is majorly for business owners who must have registered there company name with the Coperate Affairs Commision. It is easy for transactions and data keeping.

PEE-DANDAL AGRO VENTURES
https://www.facebook.com/Pee-Dandal-AGRO-Ventures-106104361572414/

Lol. I would correct it. Thank you

Gbagura:
na para made you misspelled technology?

Payperboii:

Look deeper!!

To see what exactly?

Charley2020:

Same minute, different seconds.

Shey this life no balance oo

I know you are trying to bring in the enthic tune. Nobody is saying Igbos aren't playing in IT sector. Their contribution to the industry is remarkable. Learn to be open minded

Yes, I agree. Mind we discuss?
Let's work out pitch deck...I have a few contacts we could engage for VCs and Angel's investor. Holla tru standfit5 at the domain of g mail dot commercial

youngscholar:
Nice.

It will be better if Edtech startup gets similar funding because I also have one that needs funding.

Nice anyways.

donestk:
How do i get investors for my tech startup errands.ng?

---
errands.ng® - Nigeria’s largest online marketplace to get things done quickly. Post errands, receive offers from people and award the task to someone. Learn more: https://errands.ng

You can achieve your desire via two forms....
# CrowdFunding
# Performance Bond Showcasing.

Congrats to the fintech on their grand hedge funds procurement.

In another news if you have access to Internet + browsing gadgets and you ain't earning via your online activities in this times of economic crisis in Nigeria then you are very unwise.
To earn online you have to possess and make use of one or all three of this basics;
# Skill
# Service
# Investment Capital.
learn how to earn $100 weekly with Whiteboard Animation for just a token mentorship of $20 or it's equivalent in Naira.....you will be held by the hand for a 4weeks training towards the mastery and earning even before the end of the training period.
reach out via the facebook id on my profile...i won't respond to email requests.



@SENIORWRITER

sam564:
the pressing need of mine couldn't let me focus... na who get food chop go reason way forward....



by the way, gudmorning nairalanders, I realy need ur financial help to solve urgent want of man as a await the resumption of my school which I applied for... anything atall will sustain me... God bless u all

as you wait, there too many small small things you can do to help yourself, instead of begging online.think! think! think! and think.

We could partner. Yes, I agree. Mind we discuss?
Let's work out pitch deck...I have a few contacts we could engage for VCs and Angel's investor. Holla via standfit5 at the domain of g mail dot com

Franzinni:
How do they get this investors biko ... I have tech ideas but don't know how to get the ears of those that can invest ... I am very ignorant when it comes to things like that but I know who ask question no dey loss

Abeg anybody

I also have a fintech idea and need just 5m naira to kick start and then get clients using our platform for validations before we get investors

Agreed. But note the Fintech is massive, and would be lifetime because money is forever(as far as I can think, now) in existence, thus building around it some sort of solutions that provide some great experience(earning, growing and redistribution of finance) will be a lifetime and may not be saturated enough for products to peak. What can happen is competition and only the evolving-ready team would often be ahead.

BennyDGreat:


I agree. There's need for diversification.
Bandwagon too much for Naija

Refusing to open it up is understandabl but I think it is not safer. An idea not converted into and timely too will continue to remain "a pregnancy". Rather examine and dimension the level of equity and risks you would desire. Btw, funding appears to be the "engine oil" of any idea �wondering � if you have factor this in already. Don't be over cautious ⚠️ with level of ownership as you could use one realized to open other ideas where you can have a higher stake rather pick your battles and start off asap. My thought.

DissTroyer:
The problem with this is mostly the clause from these angel investors at the pre-seed funding.

The ROI and more. There are so many sharks out there and sometimes one rather scales the idea to a certain stage before opening it up.

I've been working on a philanthropy-driven fintech idea for months now but refusing to open it up.

This is a good development.

Though I have not heard from.

☺ Have you visited my blog today?

Get 100% Free Information on Business Ideas etc.

Oh... Just check my signature.

angelfallz:
how many Fintechs would nigeria have biko nu?

We need more agricultural technology (Agritech)

And it is mostly Southerners that are rushing into this fintech of a thing and ignoring agriculture. Yet we the same southerners start frothing at the mouth when the north decide to ban the sale of food items to the south.

Fintech companies in Nigeria by Nigerians
Paystack
Flutterwave
Piggyvest
eTransact
Interswitch
Remita
Paga
Kuda bank
Cellulant
Abeg
And many more

Agritech companies in Nigeria by Nigerians

Farmcrowdy
Groupfarma
Farmkart
Thrive Agric
Ezfarming
Payfarmer

It is good there are some agritech in Nigeria by Nigerians. But it obvious with the agricultural products we import that we need more agritech to boost our agricultural sector and achieve food sufficiency and security in our country.
If people are hungry no development can take place.

So without agritech companies,we won't have agribusiness?

Agriculture is vastly different from finance in that, while there is a strong push towards paperless money and electronic transaction, agriculture always requires a physical product.

Thus, an expanding fintech industry shoukd not ever been seen to be a threat to agritech.

Besides, you have hands and a Brian of your own. Go and start your own agritech firm.

4601CE:
Never heard of them

They good for company accounts
But charges high

angelfallz:
how many Fintechs would nigeria have biko nu?

We need more agricultural technology (Agritech)

And it is mostly Southerners that are rushing into this fintech of a thing and ignoring agriculture. Yet we the same southerners start frothing at the mouth when the north decide to ban the sale of food items to the south.

Fintech companies in Nigeria by Nigerians
Paystack
Flutterwave
Piggyvest
eTransact
Interswitch
Remita
Paga
Kuda bank
Cellulant
Abeg
And many more

Agritech companies in Nigeria by Nigerians

Farmcrowdy
Groupfarma
Farmkart
Thrive Agric
Ezfarming
Payfarmer

It is good there are some agritech in Nigeria by Nigerians. But it obvious with the agricultural products we import that we need more agritech to boost our agricultural sector and achieve food sufficiency and security in our country.
If people are hungry no development can take place.

Abeg comot agritech fraud when fintechs are being mentioned
That industry has been overtaken by ponzi

Raph82:
The niche will soon cast. Nigerians only know how to do one business. Once they see this news now, u'll see everyone flying Fintech companies here and there, it will then become mess. We abuse virtually anything in Nigeria

Agritech is an example
Started well
Now it's a tale of woes and penury

What's up with this start up

standfit007:
Refusing to open it up is understandabl but I think it is not safer. An idea not converted into and timely too will continue to remain "a pregnancy". Rather examine and dimension the level of equity and risks you would desire. Btw, funding appears to be the "engine oil" of any idea �wondering � if you have factor this in already. Don't be over cautious ⚠️ with level of ownership as you could use one realized to open other ideas where you can have a higher stake rather pick your battles and start off asap. My thought.

I understand. But I think the problem with pre-seed funding is, at the stage the structure is most vulnerable. Investors set an higher margin for exit clause and since profitability of the idea become the main driving force, you could also lose control because your percentage ownership is lower, including the original valuation.

Secondly, there's a tendency to deviate from what birthed the necessity of that idea.

Most financial advisors would tell you to stall pre-seed funding as much as you can. But for FinTech, as with most ideas, funding is important. But what are the terms?

Since I am into web development, graphics, UI and creative writing myself, it's a leverage to quietly work on the idea before opening it up at a later stage. There's the legal framework too which must be clear-cut.

Just out of curiosity, are you working on any or something similar?

Agritech is the use of technology and technological innovation to improve the efficiency and output of agricultural processes.

You are looking at agritech as two seperate things ie. tech guys and farmers(other forms of agriculture included) where the tech guy needs to approach the farmer to know what the problem is before he can produce a tech that can solve the farmer's problem.

Many of the guys that are doing fintech, that is Financial technology, how many of them know about banking, how many of them know about finance?
But they saw some of the problems of the banks and financial institutions and came up with solutions.

Lets assume you are a tech guy, you hear about some old women in a village somewhere in Benue who have to travel very long distances to sell their perishable food stuff eg tomatoes. if they don't sell it immediately it spoils and the women lose money.

As a tech guy you should be able to come up with a tech that can help these women safely store their perishable food stuff and still retain its freshness.
As a tech guy you should be able to come up with an innovation that can link these women to buyers directly.

Have you heard of N drip?
Its an Israeli innovation that is an alternative to flood irrigation. What is flood irrigation? Simply put, flood irrigation is the practice of flooding land with amazing amounts of water to grow crops.
You know that Israel is located in a place where water is a premium. So what happened? they developed an irrigation tech that uses less water and is cheaper than micro irrigation. Micro irrigation is another alternative to flood irrigation, but it is very expensive.

The man that developed this tech N-Drip is a professor. He is not a farmer. But he saw a problem in agriculture and provided a solution.

https://ndrip.com/

https://www.israel21c.org/8-israeli-inventions-for-greener-farming/

And finally some of the agritech in Nigeria that I have read about don't seem to really be providing tech solutions or innovations, unlike their Fintech counterparts, they are more like crowd funding enterprises.

PeaceJoyLove:

I didnt read your comment before I made mine. God bless you. Until dem knock down fintech and regulations start getting tougher and they start shouting government is when they will have sense.

My thing with Agritech is that it is not straight forward. The tech guys dont know anything about it. They have to depend on illiterates in the villages and scammers.

Agritech is no go area for now also cos the system is not so ok. Until there exist solutions for the problems. Solutions are what Agritech should produce, but they arent. Sorry bro. They are making their clients cry.

angelfallz:
how many Fintechs would nigeria have biko nu?

We need more agricultural technology (Agritech)

And it is mostly Southerners that are rushing into this fintech of a thing and ignoring agriculture. Yet we the same southerners start frothing at the mouth when the north decide to ban the sale of food items to the south.

Fintech companies in Nigeria by Nigerians
Paystack
Flutterwave
Piggyvest
eTransact
Interswitch
Remita
Paga
Kuda bank
Cellulant
Abeg
And many more

Agritech companies in Nigeria by Nigerians

Farmcrowdy
Groupfarma
Farmkart
Thrive Agric
Ezfarming
Payfarmer

It is good there are some agritech in Nigeria by Nigerians. But it obvious with the agricultural products we import that we need more agritech to boost our agricultural sector and achieve food sufficiency and security in our country.
If people are hungry no development can take place.

Even healthtech and EduTech. HealthTech seems more promising on paper but the realities would overwhelm you.