Non Equity Assistance in 2021
Stars From All Nations (SFAN) is a high impact social venture established with precise vision to raise the next generation of African leaders through the accomplishment of the following goals: Help young people have a smooth transition from college to career through mentorship, capacity development and job/internship placement. Offer opportunities for youths to turn their passion into a business or career by creating platforms for networking, incubation and funding. Train young people to give back to their communities through positive social actions. Although there have been tremendous improvements in the business practices in Africa, the challenge lies in integrating youths into the workforce. Obviously there is a big disconnect because in as much as the economy is expanding and domestic demand is increasing, job creation is not, hence the growing youth unemployment rate in Africa.
Non Equity Assistance in 2021
Afrilearn is an online education platform designed to enhance access to quality education for primary and secondary school students. It offers a subscription-based service that includes unlimited videos, audio lessons, class notes, quiz practice, ready-made content, and live classes. By utilizing skilled tutors, animators, and developers, Afrilearn provides personalized educational resources that cover the complete curriculum, allowing students to study relevant subjects and topics at their convenience. This approach aims to make world-class education affordable and accessible to a wider audience.
Non Equity Assistance in 2021
Utiva provides digital skill training for individuals and organizations. It combines classroom training with online learning experiences; and provides a platform that allows remote interaction with facilitators and AI support for knowledge and skills. The company offers training in the areas of data science, agile development, growth hacking, product innovation, machine learning and AI, and platform development. Utiva was founded in 2017 and is based in Washington, District of Columbia with additional offices in Edinburgh, United Kingdom and Lagos, Nigeria.
Non Equity Assistance in 2021
Wootlab is a software development and talent management platform focused on creating employment opportunities for the unemployed and underemployed youth through technical upskilling.
Non Equity Assistance in 2021
Gradely.ng Limited operates a personalized learning platform designed for secondary school students in Nigeria. Founded in 2019 and based in Yaba, the platform utilizes artificial intelligence to provide tailored learning materials, including online tutorials and video lessons, along with exam preparation resources. Gradely employs analytics to identify learning gaps, enabling real-time intervention for students through adaptive homework tests accessible via web and mobile devices. The platform assists teachers by offering pre-set questions, currently focused on mathematics, which align with WASCCE and Cambridge curriculum topics. Teachers can easily assign homework and deadlines, while progress reports are generated for teachers, parents, and schools. Gradely's system continuously adapts by integrating previously unmastered topics with new ones, ensuring a comprehensive learning experience.
Non Equity Assistance in 2021
Terawork operates a freelancers' marketplace designed to connect businesses with skilled professionals for various projects. Its platform facilitates the search and hiring of vetted freelancers, allowing clients to post job offers and receive proposals from qualified talents globally. The service is free for both freelancers and clients, promoting accessibility and ease of use. Terawork incorporates an escrow payment system, ensuring that funds are secured until the client approves the completed work, thereby fostering trust between parties. The platform also features a two-way review system, enabling clients and freelancers to rate each other, which helps set expectations for future collaborations. By eliminating traditional outsourcing barriers, Terawork not only enhances the client experience but also supports freelancers in showcasing their skills and building their professional profiles. Ultimately, Terawork aims to create economic opportunities by bridging the gap between businesses and independent professionals across various industries.
Non Equity Assistance in 2021
Afrilearn is an online education platform designed to enhance access to quality education for primary and secondary school students. It offers a subscription-based service that includes unlimited videos, audio lessons, class notes, quiz practice, ready-made content, and live classes. By utilizing skilled tutors, animators, and developers, Afrilearn provides personalized educational resources that cover the complete curriculum, allowing students to study relevant subjects and topics at their convenience. This approach aims to make world-class education affordable and accessible to a wider audience.
Youverify Inc. is a company based in Lewes, Delaware, founded in 2017, that specializes in identity verification and background screening. The company offers a platform that confirms users' identity documents and facial biometrics, cross-referencing this data with over 300 local and global databases. Additionally, Youverify assists businesses and individuals in verifying physical addresses across Sub-Saharan Africa through a network of more than 20,000 field verification officers, achieving results in less than 48 hours. By providing a comprehensive API for identity and address verification, Youverify addresses the needs of the digital industry in Africa, enhancing security with features such as identity fraud detection and encrypted data privacy.
ReelFruit is a Nigerian company that specializes in producing and distributing dried fruit snacks and beverages. Founded in 2012 in Lagos, the company offers a variety of products, including dried mango, pineapple, cashew nuts, and fruit and nut mixes. These products are aimed at providing a nutritious alternative to fresh fruits. ReelFruit serves a diverse customer base, including local and international airlines, schools, hotels, and restaurants, and also sells its snacks online. The company began its journey in a modest apartment and launched its first products in 2013, gaining significant traction by partnering with local retailers. By focusing on locally sourced ingredients, ReelFruit ensures that its offerings are both fresh and nutrient-rich.
Piggyvest enables Nigerian debit card holders save little amounts of money frequently with minimal effort. They automate the process of saving tiny amounts daily, weekly, or monthly; and then allowing you to withdraw for free on only set withdrawal dates thereby practically making saving more possible for you by eliminating the temptation to withdraw. Piggyvest is a platform that helps individuals and businesses manage their finances effectively - save and invest with ease. As Piggybank.ng, Piggyvest operated in partnership with 2 Microfinance banks and used their licenses. However, in early 2018, Piggyvest acquired Gold Microfinance bank and its license. Piggyvest is also a registered cooperative- Piggytech Cooperative Multipurpose Society Limited (Registration number, 16555). All saved funds are now warehoused with and managed by AIICO Capital, the leading asset management company in Nigeria, registered and licensed by the Securities and Exchange Commission (SEC).
Riby, a finance technology company, provides a finance management platform for cooperatives, company groups, employees, individuals, associations, and financial development institutions. The company is based in Lagos, Nigeria.
Social Lender is a lending solution based on social reputation on mobile, online and social media platforms.
Baby Grubz is a social enterprise based in Lagos, Nigeria, founded in 2013, that focuses on providing nutrition solutions for infants. The company produces a variety of affordable dried homemade cereals, grains, fruits, vegetables, and condiments designed to create nutritious and convenient meals for babies. Its product line includes organic infant cereals, meals, snacks, and fresh homemade options aimed at addressing moderate malnutrition and micronutrient deficiencies. By offering these wholesome food products, Baby Grubz enables parents to enhance the nutritional status of their children effectively.
Piggyvest enables Nigerian debit card holders save little amounts of money frequently with minimal effort. They automate the process of saving tiny amounts daily, weekly, or monthly; and then allowing you to withdraw for free on only set withdrawal dates thereby practically making saving more possible for you by eliminating the temptation to withdraw. Piggyvest is a platform that helps individuals and businesses manage their finances effectively - save and invest with ease. As Piggybank.ng, Piggyvest operated in partnership with 2 Microfinance banks and used their licenses. However, in early 2018, Piggyvest acquired Gold Microfinance bank and its license. Piggyvest is also a registered cooperative- Piggytech Cooperative Multipurpose Society Limited (Registration number, 16555). All saved funds are now warehoused with and managed by AIICO Capital, the leading asset management company in Nigeria, registered and licensed by the Securities and Exchange Commission (SEC).
TalentBase Nigeria Limited specializes in developing cloud-based human resources management software designed to streamline HR processes for businesses. The platform allows organizations to maintain comprehensive employee records, manage roles, and visualize organizational structures. It offers tools for tracking employee performance through custom KPIs, monitoring vacation schedules, and generating attendance reports. Additionally, TalentBase facilitates the verification of personnel records, including criminal checks and employment history, and provides automated reminders for staff events. The software also supports document sharing and connects users with vetted HR consultants for advice on various HR matters. By offering an affordable payroll solution, TalentBase aims to simplify HR management for African small and medium-sized enterprises, enhancing efficiency and organization in their HR operations. The company is headquartered in Lagos, Nigeria.
ARED Group, founded in 2013 and based in Kigali, Rwanda, operates a multi-service solar kiosk platform designed to enhance access to digital services in Africa, particularly for low-income individuals. The company offers a range of services, including Internet Wi-Fi, intranet solutions for offline users, phone charging, mobile money, prepaid electricity, airtime, and tax payment services. ARED has developed a mini-server platform that stores digital applications closer to users, reducing internet costs and facilitating access. With approximately 142 kiosks across Rwanda and Uganda, ARED serves around 150,000 unique customers annually and processes over 500,000 digital transactions each year. The company has recently expanded its offerings to include smart data and content management systems for businesses, helping clients such as telecom companies and NGOs optimize their networks and enhance user engagement. ARED's operations have also extended to Burkina Faso, Ivory Coast, Senegal, and Nigeria, reflecting its commitment to scaling its impact across the region.
Lekki Peninsula Affordable Schools is a low-cost private school chain in Nigeria focused on providing high-quality education to low-income families. Established as a social enterprise, it aims to make education accessible to those at the bottom of the economic pyramid through an all-inclusive fee structure that covers tuition, books, uniforms, examinations, and additional lessons. The schools also offer a flexible payment system, allowing families to pay fees on a weekly basis if needed. In addition to academic instruction, Lekki Peninsula Affordable Schools emphasizes a safe and clean learning environment, incorporating extra-curricular activities such as sports, drama, and leadership training to foster socially responsible and economically productive lives among its students.
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