About

The Founder Institute takes employees and potential founders and turns them into successful  entrepreneurs. We do this through a 14-week long program, where three top CEOs come in once per  week at night and present to Founders in the program about their experiences building a business. The  Founders are given company-building work each week to create their businesses, and they are divided  into groups of their peers, where the Founders share their best practices.

Vision

The Founder Institute believes in the potential of great people to change the world. Our next goal is to  help create 1 million new jobs in technology by launching 50,000 technology businesses with 20%  being worth over $50 million. The company is based on the following three beliefs: empowerment of  people, the scientific study of success and the sharing of upside. 

Founders

The Founder Institute has helped to launch approximately 3,500 companies worldwide, and we will  double that number over the next 12 months. These companies have created in excess of 15,000 jobs and approximately $20 billion in shareholder value. 

Jerry Oche 

Startup: Zowasel

Stage: 

Vertical: Agric/ E-commerce

Business Model:  B2B

Zowasel is an online commodity grains marketplace that connects buyers and sellers, to help reduce price uncertainty through transparent price index and offer receivables-based alternative finance short-term working capital loans in 24hrs to meet demand.5. Jerry Oche 

Kehinde Falade

Startup: Beauty Fixer

Stage: 

Vertical: Beauty/ Fashion

Business Model:  B2C

BeautyFixer is a platform that leverages technology to create a suite of services and solutions to solve hair loss, scalp and skin problems men, women and children of color encounter.

King David Ehindero

Startup: Digita

Stage: 

Vertical: Data Protection

Business Model:  B2C

Digita solves the problem of enabling strong digital identities at a global scale while providing individuals control over their identity data.

Keturah Ovio

Startup: Limestart

Stage: 

Vertical:  Fintech

Business Model: B2C

Limestart is developing an end-to-end technology that helps MSMEs – micro, small, and medium enterprises – to take payments offline/online, and digitize their records in real-time.

Shalom Dickson

Startup: Paperloops Ltd

Stage: 

Vertical: Fintech

Business Model: B2C.

Paperloops is a dynamic company developing financial management technology and services for teens and preteens.

 Wale Ogunjobi

Startup: SabiTeach Limited

Stage: 

Vertical: Education

Business Model: B2C.

SabiTeach helps learners connect to vetted tutors with a learning style algorithm that allows learners search and find a preferred tutor.

Oare Ehiemua

Startup: Labor Hack

Stage: 

Vertical: Real Estate

Business Model: B2B.

Laborhack is an online marketplace providing a curated pool of skilled blue-collar professionals to deliver high-quality construction and maintenance projects in Africa.

Obinna Onyejelli

Startup: Agenpo

Stage: 

Vertical: Agriculture

Business Model: B2B.

Agenpo is organizing agro and solid mineral commodities in Africa to make them easily accessible globally.

Seun Abimbola

Startup: Rentit

Stage: 

Vertical: Rentals

Business Model: B2C.

Rentit is an online marketplace that makes it easy for you to rent anything without leaving your location.

Kehinde Falade

Startup: Beauty Fixer

Stage: 

Vertical: Beauty/ Fashion

Business Model:  B2C

BeautyFixer is a platform that leverages technology to create a suite of services and solutions to solve hair loss, scalp and skin problems men, women and children of color encounter.

King David Ehindero

Startup: Digita

Stage: 

Vertical: Data Protection

Business Model:  B2C

Digita solves the problem of enabling strong digital identities at a global scale while providing individuals control over their identity data.

Keturah Ovio

Startup: Limestart

Stage: 

Vertical:  Fintech

Business Model: B2C

Limestart is developing an end-to-end technology that helps MSMEs – micro, small, and medium enterprises – to take payments offline/online, and digitize their records in real-time.

Kunle David

Startup: Cargo-L

Stage: 

Vertical: Logistics /Health

Business Model: B2B

CARGO-L is a mobile/web platform that connects individual and corporate logistics service providers to PHARMACEUTICAL customers within a secure environment to help reduce the cost of shipping, security, insurance and the professional handling of goods

Lanre Aina

Startup: ATHLST

Stage: 

Vertical: Sports

Business Model: B2C.

ATHLST is a digital sports content studio that produces and distributes non-Live sports content like BTS videos, interviews and documentaries to a potential audience size of over 150 million fans of African sports content across the world.

Lawrence Krukrubo and Odunayo Edun

Startup: EscroWallet

Stage: 

Vertical: Fintech

Business Model: B2B.

We are a Trusted Third-Party Escrow as a service (EAAS) company that protects buyers and sellers in Africa from fraudulent transactions either online (E-commerce) or offline (physical sales).

Olalekan Akinyele

Startup: ColordTees

Stage: 

Vertical: Fashion

Business Model: B2C.

Description: ColordTees is an online platform that was created out of a need to express self and promote personal identities around the world using apparels as a canvas.

Olatunji Lasisi

Startup: LaserPay

Stage: 

Vertical: Fintech

Business Model: B2B.

LaserPay is a payment company with a passion for reconciliation and revenue assurance.

Onimowo Emotu

Startup: Ball 247

Stage: 

Vertical:Sports

Business Model: B2C.

Ball 247 is an online community where football fans discuss football (sports) and get rewards with Zero loss.

Ronald Maduka

Startup: EazyCheck Solutions LTD

Stage: 

Vertical: Finance

Business Model: B2B.

EazyCheck helps institutional lenders gain insight into the financial health of businesses to streamline their credit assessment processes to provide easier funding opportunities and support the growth of MSMEs

Seth Usanga

Startup: Padimi

Stage: 

Vertical: Fintech

Business Model: B2C.

Padimi is a fintech mobile application, designed to improve the lives of the poor and low income earners by creating credit profiles to aid users  get easy access financial services, healthcare markets and insurance markets.

Olatunji Lasisi

Startup: LaserPay

Stage: 

Vertical: Fintech

Business Model: B2B.

LaserPay is a payment company with a passion for reconciliation and revenue assurance.

Onimowo Emotu

Startup: Ball 247

Stage: 

Vertical:Sports

Business Model: B2C.

Ball 247 is an online community where football fans discuss football (sports) and get rewards with Zero loss.

Ronald Maduka

Startup: EazyCheck Solutions LTD

Stage: 

Vertical: Finance

Business Model: B2B.

EazyCheck helps institutional lenders gain insight into the financial health of businesses to streamline their credit assessment processes to provide easier funding opportunities and support the growth of MSMEs

Seth Usanga

Startup: Padimi

Stage: 

Vertical: Fintech

Business Model: B2C.

Padimi is a fintech mobile application, designed to improve the lives of the poor and low income earners by creating credit profiles to aid users  get easy access financial services, healthcare markets and insurance markets.

Shalom Dickson

Startup: Paperloops Ltd

Stage: 

Vertical: Fintech

Business Model: B2C.

Paperloops is a dynamic company developing financial management technology and services for teens and preteens.

 Wale Ogunjobi

Startup: SabiTeach Limited

Stage: 

Vertical: Education

Business Model: B2C.

SabiTeach helps learners connect to vetted tutors with a learning style algorithm that allows learners search and find a preferred tutor.

Oare Ehiemua

Startup: Labor Hack

Stage: 

Vertical: Real Estate

Business Model: B2B.

Laborhack is an online marketplace providing a curated pool of skilled blue-collar professionals to deliver high-quality construction and maintenance projects in Africa.

Obinna Onyejelli

Startup: Agenpo

Stage: 

Vertical: Agriculture

Business Model: B2B.

Agenpo is organizing agro and solid mineral commodities in Africa to make them easily accessible globally.

Olatunji Lasisi

Startup: LaserPay

Stage: 

Vertical: Fintech

Business Model: B2B.

LaserPay is a payment company with a passion for reconciliation and revenue assurance.

Onimowo Emotu

Startup: Ball 247

Stage: 

Vertical:Sports

Business Model: B2C.

Ball 247 is an online community where football fans discuss football (sports) and get rewards with Zero loss.

Ronald Maduka

Startup: EazyCheck Solutions LTD

Stage: 

Vertical: Finance

Business Model: B2B.

EazyCheck helps institutional lenders gain insight into the financial health of businesses to streamline their credit assessment processes to provide easier funding opportunities and support the growth of MSMEs

Seth Usanga

Startup: Padimi

Stage: 

Vertical: Fintech

Business Model: B2C.

Padimi is a fintech mobile application, designed to improve the lives of the poor and low income earners by creating credit profiles to aid users  get easy access financial services, healthcare markets and insurance markets.

Olatunji Lasisi

Startup: LaserPay

Stage: 

Vertical: Fintech

Business Model: B2B.

LaserPay is a payment company with a passion for reconciliation and revenue assurance.

Onimowo Emotu

Startup: Ball 247

Stage: 

Vertical:Sports

Business Model: B2C.

Ball 247 is an online community where football fans discuss football (sports) and get rewards with Zero loss.

Ronald Maduka

Startup: EazyCheck Solutions LTD

Stage: 

Vertical: Finance

Business Model: B2B.

EazyCheck helps institutional lenders gain insight into the financial health of businesses to streamline their credit assessment processes to provide easier funding opportunities and support the growth of MSMEs

Seth Usanga

Startup: Padimi

Stage: 

Vertical: Fintech

Business Model: B2C.

Padimi is a fintech mobile application, designed to improve the lives of the poor and low income earners by creating credit profiles to aid users  get easy access financial services, healthcare markets and insurance markets.

Search by Verticals
  • Wale Ogunjobi

    CEO, SabiTeach

    A platform that helps learners connect to vetted tutors  Vertical: Edutech Business Model: B2C SabiTeach…

  • Tope Sulaimon

    Co-founder, Scrapays

    A platform to recover recyclable materials.  Vertical: Environment  Business Model:  B2B Scrapays makes USSD, mobile…

  • Tope Alake

    CEO, CAST.I.NG

    A web platform for producers to remotely audition and hire actors Vertical: Entertainment Business Model:…

  • Titilope Adewusi

    CEO, 9ija Kids

    An online platform that makes learning fun and revising effortless. Vertical: Edutech Business Model: B2C…

  • Steve Dakayi Kamga

    Co-Founder, BetaStore

    A platform that connects small retailers to manufacturers Vertical: E-commerce Business Model: B2B BetaStore connects…

  • Seun Abimbola

    Co-Founder, Rentit

    An online marketplace that makes it easy for you to rent anything without leaving your…

  • Seth Usanga

    Founder, Padimi

    A mobile platform that enables easy access to the financial service market. Vertical: Fintech Business…

  • Olumide Ogunleye

    Co-Founder, Minestake

    A Solid Minerals Crowdfunding Platform that supports artisanal miners Vertical: Solid Minerals Business Model: B2B…

  • Olumide Aniyikaiye

    Founder, Packmyload.com

    Full service moving company powered by technology Vertical: Logistics Business Model: B2C Packmyload is a…

  • olawale atikoj

    Olawale Atekoja

    CEO, Seclot

    A video analytics enabled platform that tracks events on surveillance systems. Vertical: Cybersecurity/Big Data Business…

  • Olawale Adegoke

    Founder, LVM

    An online platform that enables football fans to collaborate and compete. Vertical: Sports/Entertainment Business Model:…

  • Olatunji Lasisi

    CEO, LaserPay

    A payment platform for reconciliation and revenue assurance. Vertical: Fintech Business Model: B2B We are…

  • Olalekan Akinyele

    Founder, ColordTees

    An online brand & design platform. Vertical: Design Business Model: B2C ColordTees is an online…

  • Obinna Onyejelli

    CEO, Agenpo

    A platform that organizes agro and solid mineral commodities in Africa for a global market.…

  • Michael Akinnike

    C0-Founder, DataVault Nigeria

    An automated data analysis and publishing platform. Vertical: Research / Media Business Model: B2C Datavault…

  • Lanre Aina

    CEO, ATHLST

    A digital sports content studio. Vertical: Sports/Entertainment Business Model: B2C A digital sports content studio…

  • Kunle David

    CEO, Cargo-L

    A web/mobile platform for efficient pharmaceutical mobility Vertical: Logistics/Health Business Model: B2C CARGO-L is a…

  • Jerry Oche

    CEO, Zowasel

    An online commodity grains marketplace Vertical: Agric/e-commerce Business Model: B2B Zowasel is developing an online…

  • Hafsatu Shinkafi

    Founder, AIKI SERVICES

    A platform that connects technicians to individual customers Vertical: Construction Business Model: B2B AIKI SERVICES…

  • Glory Lucas

    Chief Revenue Officer, Tokeeto

    A mobile platform for efficient mobility experience. Vertical: Transportation Business Model:  B2C Tokeeto is facilitating…

Wale Ogunjobi

CEO, SabiTeach

A platform that helps learners connect to vetted tutors 

Vertical: Edutech

Business Model: B2C

SabiTeach helps learners connect to vetted tutors with a learning style algorithm that allows learners search and find a preferred tutor. The Nigerian education sector which is estimated to be US$10 billion, we intend to get 10% of the market share. SabiTeach tutor-marketplace solution easily differentiates itself from other solutions, leveraging the power of technology to Measure, monitor and improve the learning outcomes of student, Scale both sides of the marketplace resulting in lesser charges for the learners and higher commissions for the tutors, Create public ratings and reviews of tutors making it possible for clients to work with tutors who have a proven track record of success. The company has already on-boarded about 100 vetted tutor through an online tutor marketplace application portal. SabiTeach is looking to raise $200,000 on a $2 MM pre-money valuation to develop and market our product ( web and mobile app) and train, vet and on-board tutors on a National scale

Tope Sulaimon

Co-founder, Scrapays

A platform to recover recyclable materials. 

Vertical: Environment 

Business Model:  B2B

Scrapays makes USSD, mobile and web applications to facilitate the recovery of recyclable material, allowing individuals and businesses in the informal sector to sell their scrap and scrap-able materials at premium prices. Our system allows for existing informal material collection businesses to manage their funds and operations, helping them establish the operational wordiness of their vendors and mitigating operational losses that are typical of long tedious value chains, with our provision of live collection data to drive fund allocation for collection. We are creating a convergent structure around formal and informal material recovery players to ensure effectiveness, to get usable materials off streets and landfills in developing nations. The scrap collection market in Nigeria from 2013 estimated a $60.33 Million scrap and processed material export activities to other West African countries in comparison to nearly $117 Billion in economic activity generated in the USA in 2017 alone at just 53.2% material recovery rate in a market worth USD $277.12 Billion in 2015 and projected to reach USD $406.16 Billion by 2020. In our testing phase, we have collected 44.90 tonnes of scrap metal directly and made a revenue of 6,190,300 NGN, with a healthy log of scrap material purchase profile in our catalog awaiting initiation.

Tope Alake

CEO, CAST.I.NG

A web platform for producers to remotely audition and hire actors

Vertical: Entertainment

Business Model: B2B

www.cast.i.ng helps producers to remotely audition and hire actors online, saving time, money and disregarding geography and time zones. About 1,000,000 actors across Africa. www.cast.i.ng Is being lead by industry thought leaders, who have traction as casting Directors themselves, adding digital to it just makes it better than anyone else in the market; who are still organizing physical auditions only. WE have built our MVP portal. (But not an APP yet) less than 50 subscribers have joined the Beta stage, no payments received yet. being offered for free. www.cast.i.ng is looking at raising $100,000 So we can finish the App in several African languages and have online representation in specific African cities where film making is a thing. Lagos, Accra, Abuja, Johannesburg, Cape town, Kigali, Nairobi etc. 

Titilope Adewusi

CEO, 9ija Kids

An online platform that makes learning fun and revising effortless.

Vertical: Edutech

Business Model: B2C

9jakids is a mobile experience that is equipping children and young adults about money to help them become financially independent adults, create wealth and reduce poverty. The Edtech and Gamification in Africa is estimated at $1bn and projected to grow to $1.8bn by 2024. Moniihustle is more than a game, we are creating experiences witMoniihustle is not just a game, we are creating a lifestyle experience which involves game, a vibrant community with rewards such as visits to CEO/Founders, Industry leader, master classes, internship programs, etc. Idea stage

Steve Dakayi Kamga

Co-Founder, BetaStore

A platform that connects small retailers to manufacturers

Vertical: E-commerce

Business Model: B2B

BetaStore connects small retailers to manufacturers to simplify their access to goods and financing. There are over 1 million small retailer in Nigeria and 500,000 in Lagos only. Small retailers can order anytime they want and get delivery next day of all their products instead of going all the way to the bulk market once or twice a week. We planned to launch our MVP end of March. BetaStore is looking to raise $250k for 10% Equity to onboard the team and get to 5000 active retailers.

Seun Abimbola

Co-Founder, Rentit

An online marketplace that makes it easy for you to rent anything without leaving your location

Vertical: Logistics

Business Model: B2C

Rentit is an online marketplace that makes it easy for you to rent anything without leaving your location. Bloomberg estimates Africans spend more than $100 billion annually renting things in various categories with party rentals being the major category of rentals. Our platform makes it easy for you to rent, transport, insure and install where necessary the items being rented. We have launched in Lagos and we have more than 100 renters with more than 1500 listed items, with more than 100 transactions consummated earning us revenue of more than N3 million in four months. Our plans over the next twelve months are to increase to twelve, the number of cities we are operational and to increase the number of transactions carried out by our customers to 100,000, earning revenue of more than a million dollars. We are looking to raise $150,000 in convertible debt to allow us to deliver this.

Seth Usanga

Founder, Padimi

A mobile platform that enables easy access to the financial service market.

Vertical: Fintech

Business Model: B2C

Padimi is a fintech mobile application , designed to improve the lives of the poor and low income earners, padimi helps create credit profiles which will aid users of the application get easy access to financial service market , healthcare markets and insurance markets . Nigeria has a population of about 200 million people with over 70% earning below a $100. This 70% make up a majority of the low income earners . Padimi’s aim is to try and capture 20%the Nigerian Fintech service market which is currently Valued at About $350 million dollars and expand to the African Market which is valued at $50 billion dollars . What makes padimi is unique is that we are currently the only fintech service platform offering aggregation of fintech services , healthcare services and insurance service providers under one platform. We are truly unique in that we offer HMO, INSURANCE AS BENEFITS FOR USING OUR FINTECH PLATFORM. Padimi’s growth plan is to try and capture 20% of the Nigerian fintech market in the next 3 years , and branch out into other west African and east African countries in the next 5 years . By our 10th year we hope to be spread to all developing nations round the world. By this time we hope to be generating revenue in excess of $500 million dollars.

Olumide Ogunleye

Co-Founder, Minestake

A Solid Minerals Crowdfunding Platform that supports artisanal miners

Vertical: Solid Minerals

Business Model: B2B

Minestake is a Solid Minerals Crowdfunding Platform that supports artisanal miners in a bid to upscale, increase their mine produce and also generate a means of reliable investment stand for potential mine sponsors.

Olumide Aniyikaiye

Founder, Packmyload.com

Full service moving company powered by technology

Vertical: Logistics

Business Model: B2C

Packmyload is a full service moving company which is powered by technology. It was created to help eliminate the physical, emotional and mentally exhaustive venture of relocating from one place to another and the attendant damages that could occur in the process Household relocation in Nigeria is growing and highly fragmented. Whilst the data for this subsector is non-existent, the entire logistics subsector stands estimated at N250 billion with an estimated value loss at N3.4Trillion according to the 2018 Logistics and supply chain industry report. The global spend on relocation in 2016 was $67.5Billion and is forecasted to reach $80.2Billion USD by 2021 (according to Technavio, 2017). The average person above 18 is likely to move at least 9.1 times in their remaining lifetime and an average nigerian would move every 5 years till the age of 50. We have developed a web application which lets a customer see the details of their move with no hidden charges. On-line and real-time customer interaction backed by speed and efficient customer service makes us an ideal preference versus our competitors We launched commercial operations June 1st 2019 and we have more than 5 B2B clients as well as have completed over 50 home moves within Lagos

olawale atikoj

Olawale Atekoja

CEO, Seclot

A video analytics enabled platform that tracks events on surveillance systems.

Vertical: Cybersecurity/Big Data

Business Model: B2B

Seclot is building a video analytics software that improves the time delay business owners use to track events on their surveillance system with the help of Artificial Intelligence. The global video analytics market is expected to grow from USD 3.34 billion in 2018 to USD 12.87 billion by 2025 Most competitors in Nigeria deploy video analytics platform, they do not build video analytics platform. The company has generated a revenue of over 50,000USD from sales of the cameras however we are still developing the analytics platform.

Olawale Adegoke

Founder, LVM

An online platform that enables football fans to collaborate and compete.

Vertical: Sports/Entertainment

Business Model: B2C

Our company creates platforms and content to connect, engage and inspire young people. We serve the need for information, entertainment and community The global entertainment and media market is expected to reach approximately USD 6,709.4 billion by 2030, registering a CAGR of 10.40% during the forecast period. Sports and gaming are huge contributors to this figure. Approximately 2BN naira was spent daily in 2018 on sports betting in Nigeria. We are unique because we are focused on building a brand that has a relationship with users both online and offline as well as allowing users to compete head to head with old and new friends for winnings and prestige. We are still at the development stage. We have created a beta version of our web app and are currently testing it. We also have a brand and social media pages where we are growing following and interacting with our audience.

Olatunji Lasisi

CEO, LaserPay

A payment platform for reconciliation and revenue assurance.

Vertical: Fintech

Business Model: B2B

We are a payment company with a passion for reconciliation and revenue assurance. We are looking at addressing over 2 million merchants worth over $30 billion in value. The unique thing is we help to reconcile all your transactions and ensure revenue assurance. The company is already in partnership with Hotelkonnect – an aggregate of 100 3-star hotels to start pilot with and then plan to engage all Agent Banking operators through all their State Associations. LaserPay is looking to raise $200,000 on a $1.2m pre-money valuation to have a minimum of at least 10000 national retailers.

Olalekan Akinyele

Founder, ColordTees

An online brand & design platform.

Vertical: Design

Business Model: B2C

ColordTees is an online platform that was created out of a need to express self and promote personal identities around the world using apparels as a canvas. The global t-shirt and singlet market is estimated at $154 billion with over 23 billion t-shirts and singlets sold every year growing at an annual rate of 5.4%. We are targeting about 0.5% of the African market which is the market which is valued at $6.9 billion. ColordTees; a creative platform for millenials and digital natives would also provide a marketplace for them to exchange their thoughts and ideas for value. ColordTees had sold about 1000 t-shirts during the testing stage but intends to scale, control our printing and deliver over 100,000 well designed apparels to millenials and digital natives around the world in 18 months.

Obinna Onyejelli

CEO, Agenpo

A platform that organizes agro and solid mineral commodities in Africa for a global market.

Vertical: Agritech/Solid Minerals

Business Model: B2B

Agenpo is organizing agro and solid mineral commodities in Africa to make them easily accessible globally. This will solve the frictions in the commodities markets across Africa such as price volatility, lack of commodity quality assurance, lack of price visibility, plethora of middlemen and rent seekers and produce wastage due to lack of off-takers. Over 20 million metric tonnes of our selected commodities, worth over $800 billion are traded worldwide each year. Agenpo has developed a model that brings diverse stakeholders in the sector together to drive trade faster, securely and reliably. Based on our model, we have developed a prototype of our platform using existing technologies, to make commodities trading in Africa simpler, faster, more secure and more reliable. Agenpo is looking to raise $400k on a $1m pre-seed valuation, to fund working capital, recruit and retain a team of 6-10 for a year, onboard 5,000 farmers and small-scale miners, as well as 4 manufacturers.

Michael Akinnike

C0-Founder, DataVault Nigeria

An automated data analysis and publishing platform.

Vertical: Research / Media

Business Model: B2C

Datavault is developing a web publishing platform to help automate data analysis and publish data driven online content (market research, data set and infographics) with the use of web technology and a rating system to rank and make credible and outstanding works visible. DataVault collects,stores and aggregates data transforms into data visuals that business leaders can use to take strategic decisions. DataVault Nigeria We are developing a simple web publishing platform that automate data analysis and publish data drive content at an affordable price. Datavault is currently developing its beta version software. DataVault Nigeria is looking to raise $1000,000 to give 9% equity with projection of $1M in the next 24 months. We use the money for software engineering, cloud facility and marketing.

Lanre Aina

CEO, ATHLST

A digital sports content studio.

Vertical: Sports/Entertainment

Business Model: B2C

A digital sports content studio that produces and distributes non-Live sports content like BTS videos, interviews, documentaries, biopics and reality shows to a potential audience size of over 150 million fans of African sports content or sports personalities across the world. By leveraging powerful storytelling (told in first person by star Athletes), ATHLST sees a blue ocean opportunity and an untapped $15 billion market that is continually overlooked because of Africa’s over-reliance on Live-Sports programing. Today, ATHLST is seeking $500,000 in pre-seed funding to help cover its operations for 6-months. This money will enable ATHLST to expand its team, purchase equipment and pilot 3 Original series – which in turn will help it secure its first 100,000 subscribers.

Kunle David

CEO, Cargo-L

A web/mobile platform for efficient pharmaceutical mobility

Vertical: Logistics/Health

Business Model: B2C

CARGO-L is a mobile and web platform that aggregates and connects individual and corporate logistics service providers to PHARMACEUTICAL customers within a secure, reliable and insured environment to help reduce the cost of shipping, security and insurance as well as the professional handling of goods. The pharmaceutical industry in Nigeria is valued at about 13 billion dollars of transactions a year, however they are faced with logistics challenges such as expensive logistic services. The small to mid-market pharma wholesalers do not meet large 3PL company revenue and / or volume thresholds, therefore, they fulfill their orders using motor park buses. The solution looks to solve this challenge by collecting all orders in a holding place and then connect the best suited logistics service provider to deliver the goods. By doing this we reduce their cost of shipping by giving volume orders to logistics service providers. Secondly the so called motor park vehicles they use lack security and insurance of goods, goods cannot be tracked and lack professional handling as required by the pharmaceutical regulatory body. We guarantee the delivery, security and trackability of products for the customers by an in-app GPS functionality which allows the customer to track the delivery of their products. We are looking to raise 70k dollars in pre-seed funding, with 35% of that cost going to the development of a web and mobile platform, while the other 65% goes to marketing and advertising and other recurrent expenditure. cargo-l.com

Jerry Oche

CEO, Zowasel

An online commodity grains marketplace

Vertical: Agric/e-commerce

Business Model: B2B

Zowasel is developing an online commodity grains marketplace that connects buyers and sellers, to help reduce price uncertainty through transparent price index and offer receivables-based alternative finance short-term working capital loans in 24hrs to meet demand. We use technology to connect sellers to premium markets, significantly reduce high interest rates and speed up loan process under 24hrs, against commercial banks that takes months to process. In return, Zowasel receives a commission of 5% for commodities sold on its platform and charges an interest rate of 5% on working capital loans disbursed. Zowasel has validated its technology registering over 200 sellers, recording over 100 commodity transactions and has established 10 crop centers and a network of trustees to support sellers and aggregators. Our target customers are grain sellers, aggregators and buyers with purchase orders and commodity. We are addressing a commodity market worth $200 billion, with a 90% credit gap and an annual growth in demand of 4 million metric tons. Our goal is to control 20% of the market by 2025. We are seeking a financing sought of $2.7M (Debt and Equity) to close 6,829 merchants and finance 14,906 alternative loans to reach $1M revenues in 18 months.

Hafsatu Shinkafi

Founder, AIKI SERVICES

A platform that connects technicians to individual customers

Vertical: Construction

Business Model: B2B

AIKI SERVICES connects trained and skilled technicians to individual customers and building contractors. $480M guaranteed skills safety and security for workers by employee benefits and customers by exceptional guaranteed service early stage

Glory Lucas

Chief Revenue Officer, Tokeeto

A mobile platform for efficient mobility experience.

Vertical: Transportation

Business Model:  B2C

Tokeeto is facilitating efficient ground transportation in Africa. We have developed an inter-city ground transport application to help improve the traveller’s experience by providing them with the best available driver, best available vehicle and cheapest option, each time they travel. In Nigeria alone, there are 1358 transport operators serving over 50 million annual ground transport users. We are in the transportation industry which contributes $3.1billion to the annual Nigerian GDP. We are also operating the tourism industry which, in combination with the transport industry, contributes $19billion to the annual GDP. The transportation industry is currently growing at a rate of 2.1% while the domestic travel and tourism industry and is seeing a growth of 5.9%. In Africa, this market is estimated to be currently worth over $194 Billion. Tokeeto has a network of transport operators who are ready to serve travellers with the vehicles in their fleet. We also have ticket retailers on the network who increase our accessibility and serve as a booking point for travellers. We’re yet to launch but we’ve been able to on board 100 ticket retailers as well as 7 transport operators.

Mentors

Meet a select group of our over 200 Mentors vested in the success of grad companies both during and after the program, and many end up becoming formal advisors and investors to our founders.

Abisola Longe
CEO, Human Capacity Dev. Consultants
Atul Kshetry
Managing Director, Hoesch Pipe Mills
Desiree Craig
VP, Product & Technology, uLesson Education
Jane Egerton Idehen
Country Manager, Avanti Communications
Jean-Marc Ricca
Managing Director, BASF West Africa
Nkemdilim Uwaje Begho
Managing Director / CEO, Future Software Resources Ltd.
Ommo Clark
Founder / CEO, iBez
Omobola Johnson
Senior Partner, TLcom Capital LLP
Onyeka Akumah
Founder & CEO, Farmcrowdy
Simeon Ononobi
Co-Founder/CEO, ThankUCash
Tomi Davies
Chief Investment Officer, GreenTec Capital Partners
Tosin Faniro Dada
Head, Startups (Lagos Innovates), Lagos State Employment Trust Fund

Partners

  • All
  • Accounting
  • Banking
  • Branding
  • Female Initiatives
  • Human Resources
  • Media
  • Strategic
  • Technical
 
Unicorn Capital
Stanbic IBTC
TBWA/Concept
Fuel Communications
Xaine Ingenius
Shecluded
SheProfitsAfrica
My Placement Africa
Marcforte Business Consulting
Stresert Integrated Limited
Learning Solutions Nigeria Ltd
Connectnigeria
Enye Tech
Semicolon
LCCI
 

Testimonials

I call it the ” Practical Masterclass for Serious Entrepreneurs”. Founder Institute was a major eye-opener for me. An experience I wish I had gone through two years earlier. The depth of real-life “no bullshit” and brutally honest cross-examination, coupled with experience sharing and feedback from the Mentors is just what the doctor ordered for a startup.

Titilope Adewusi
CoFounder, 9ijakids

Nicknamed the US Navy Seal program for Startups, Founders Institute pushes you to the limits of your entrepreneurial prowess. Today’s class lessons are immediately applicable in your startup the next day. The pace is frantic, the curriculum gruelling but if you find yourself still standing at the end of the program, you would significantly increase the odds of your startup’s success.                               

Seun Abimobola
Founder, Rentit.ng

About

Founder Institute helps pre-seed entrepreneurs and teams build get to traction and funding by establishing a critical support network of local startup experts that are invested in their success, and by providing a structured and challenging business-building process that has helped our alumni raise over $950M.  Leaders of the world’s fastest-growing startups have used the Founder Institute to raise funding, get into seed-accelerators, generate traction, recruit a team, build a product, transition from employee to entrepreneur, and more. Learn more.

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