2025 is shaping up to be one of the biggest years for Nigeria’s startup ecosystem. Despite economic challenges such as inflation, forex volatility, and rising interest rates, bold founders and innovative companies continue to attract millions of dollars in funding from both local and global investors.
From fintech giants to clean energy innovators, Nigerian startups have raised record-breaking amounts, proving the country remains Africa’s leading hub for technology and entrepreneurship. Below, we take a look at 10 Nigerian startups swimming in cash as investors bet big in 2025.
1. LemFi – $53 Million (Series B)
Formerly known as Lemonade Finance, LemFi is a cross-border fintech platform helping Nigerians and other Africans abroad send and receive money seamlessly. In Q1 2025, LemFi secured a $53 million Series B round, making it one of the largest African deals of the year. This funding solidifies LemFi’s position as a leader in remittance and digital payments.
2. Raenest – $11 Million (Series A Extension)
Raenest, a fintech and HR/payroll solution for African startups and freelancers, raised $11 million in a Series A extension. The company’s platform helps businesses manage cross-border payroll, compliance, and financial services, an area of growing demand in Nigeria’s fast-evolving digital economy.
3. Moniepoint (TeamApt) – $10 Million (Visa Investment)
One of Nigeria’s biggest fintech success stories, Moniepoint (formerly TeamApt), attracted a $10 million strategic investment from Visa in 2025. This partnership is set to strengthen Moniepoint’s digital payment infrastructure and expand its services across Africa, further cementing Nigeria’s reputation as a fintech powerhouse.
4. SeamlessHR – $9 Million
SeamlessHR is revolutionizing HR management in Africa with its cloud-based solutions. In Q1 2025, the company raised $9 million to enhance its technology and expand across new markets. With growing demand for workplace automation and talent management tools, SeamlessHR is scaling rapidly.
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5. Mansa – $10 Million (Equity + Debt)
Mansa, a fintech platform that provides working capital and credit solutions to African SMEs, raised a combined $10 million in equity and debt financing. The investment will help Mansa grow its loan offerings, supporting small businesses at a time when access to capital remains a major challenge in Nigeria.
6. Rivy – $4 Million (Clean Energy)
Rivy is tackling Nigeria’s energy crisis with innovative clean energy solutions. In early 2025, the startup raised $4 million in funding to scale its operations and expand its renewable energy offerings. This highlights growing investor interest in sustainable technology beyond the dominant fintech sector.
7. Accrue – $1.58 Million
Accrue is a fintech app that helps users save and invest effortlessly. The company raised $1.58 million in Q1 2025 to grow its customer base and improve product features. With financial literacy and savings culture growing in Nigeria, Accrue is well-positioned for long-term success.
8. SunFi – $1 Million (Solar Energy Financing)
SunFi provides innovative solar financing options for Nigerian households and businesses. In 2025, it raised $1 million to expand access to clean energy. This demonstrates how renewable energy startups are gaining investor confidence in a country plagued by power supply challenges.
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9. Agriarche – $0.5 Million (Agritech)
Agriarche is bringing technology into Nigeria’s agricultural sector. With a $500,000 investment in Q1 2025, the company aims to scale its digital tools for farmers and agribusinesses. Agritech funding remains relatively small compared to fintech, but its long-term impact on food security is enormous.
10. Future Africa Collective – Democratizing Startup Investment
While not a startup itself, the Future Africa Collective, founded by Iyin Aboyeji (co-founder of Andela and Flutterwave), deserves a spot on this list. It has opened the doors for everyday Nigerians and diaspora investors to pool money into local startups. In its first deal, the Collective raised $100,000 in just three days and has already attracted hundreds of new members, reshaping how Nigerian startups get funded.
Why Investors Are Betting Big on Nigerian Startups
The influx of capital in 2025 shows that global and local investors still believe in Nigeria’s startup potential. Key reasons include:
- Large market size with over 220 million people.
- Fintech dominance, especially in payments, lending, and cross-border transfers.
- Diversification into new sectors like clean energy, HR tech, and agritech.
- Global partnerships with major players like Visa and the Gates Foundation.
- Grassroots investment models like Future Africa are expanding access to funding.
From LemFi’s $53 million mega round to clean energy players like SunFi and Rivy, Nigerian startups in 2025 are truly swimming in cash. With over $100 million raised in Q1 2025 alone and a growing pipeline of deals across multiple sectors, Nigeria continues to lead Africa in startup funding.
As investors bet big on both established fintech giants and rising stars in other industries, the future of Nigeria’s innovation ecosystem looks brighter than ever.
