Top 7 Nigerian Startups to Invest in 2025

Nigeria’s tech industry is growing quickly and attracting more attention from both local and foreign investors, making Nigerian startups especially attractive investment opportunities in 2025.

In 2025, seven startups are performing exceptionally well, boasting numerous users, innovative ideas, and financial backing. 

Let’s take a closer look at why these companies are good for investment and how much money they’ve raised so far.

1. Moniepoint

Moniepoint has become a lifeline for small businesses and informal merchants across Nigeria. Its full-stack payments and banking platform offers everything from merchant onboarding to settlement and reconciliation.

By focusing on an API-first model, Moniepoint empowers third-party apps and agent networks to integrate financial services seamlessly.

Funding to date: $240 million raised over five rounds from 21 investors, including Alphabet’s Growth Fund and Development Partners International (pitchbook.com).

2. Jiji

As Africa’s premier online classifieds marketplace, Jiji connects millions of buyers and sellers in categories spanning electronics, fashion, vehicles, and real estate.

The platform’s user-friendly interface and strong mobile presence drive network effects: more listings attract more buyers, which in turn draw in more sellers. Jiji’s revenue streams include advertising, premium listings, and transaction-facilitation fees.

Funding to date: $50 million raised in a Series C round led by Knuru Capital and other investors.

3. OPay

OPay has evolved from a simple payment app into a super-app offering savings, loans, transportation, and food delivery services.

Backed by Opera and a consortium of international investors, OPay leverages its vast agent network to onboard underserved populations into digital finance. Its aggressive expansion in 2024–25 has doubled monthly transaction volumes.

Funding to date: $570 million raised across three funding rounds, with strategic backers including Sequoia China and SoftBank Vision Fund.

4. PalmPay

PalmPay targets the underbanked with low-fee mobile payments, airtime top-ups, and bill payments, all via a lightweight smartphone app.

Its “smartphone-first” strategy, partnering with device manufacturers to preinstall the app, has driven rapid adoption among first-time digital finance users.PalmPay is also profitable, marking a rare feat among African fintechs.

Funding to date: $140 million raised in seed and Series A rounds, supported by MediaTek and CCV Capital.

5. Moove

Moove solves the vehicle-access challenge for ride-hailing drivers by offering revenue-based financing: repayments scale with drivers’ weekly earnings. This model reduces default risk and unlocks asset-heavy financing for gig workers.

Since its launch in 2020, Moove has expanded into Latin America, the Middle East, and Asia. It also posted an annualised revenue run-rate of $360 million in early 2025.

Funding to date: Over $409 million raised, including a $100 million Series B led by Uber’s investment arm; current valuation stands at $750 million (techpoint.africa).

6. Autochek

Autochek digitises Africa’s auto-retail value chain, offering point-of-sale financing, sales-platform software, and after-sales management tools to dealerships.

By aggregating data across tens of thousands of transactions, it improves credit scoring and reduces loan defaults. Autochek has laid the groundwork for scalable expansion across West and Central Africa.

Funding to date: $16.5 million raised in early‐stage rounds (a $3.4 million pre-seed and a $13.1 million seed) co-led by TLcom Capital and 4DX Ventures.

7. Prospa Technology

Prospa offers a mobile-first banking app plus integrated back-office tools, like invoicing, inventory tracking, and payroll, for MSMEs.

Its streamlined loan application and quick disbursement have won it a strong following among micro and small enterprises. Prospa also partners with digital platforms to embed financial services at checkout.

Funding to date: $8 million raised in venture rounds led by Global Founders Capital and Liquid 2 Ventures.