5 Nigerian tech start-ups emerge highest employers with 3,244 staff in 2022

Five Nigerian Tech Startups have employed 3,244 staff as of September 2022 which makes them the highest employers when compared to 481 start-ups in the country.

Flutterwave

According to a report by Disrupt Africa, Cowrywise, Flutterwave, RenMoney, Alerzo and Decagon emerged as the leading startups in terms of employment in Nigeria as the companies had a combined staff strength of 3,244 staff making them the top five employers of labour among Nigerian start-ups.

The report cut across diverse industries like Fintech, entertainment, marketing, logistics, Health, and payment services among many others.

In the report, the top five start-ups, according to the highest number of staff are:

Renmoney - With a staff strength of 892 people, the financial services company comes tops in the report.

Alerzo comes in second place with 684 staff. Alerzo is an e-commerce and retail tech company founded in 2019 having its location in Lagos

Cowrywise, a fintech company comes third with a staff strength of 570 staff. The company was founded in 2016 and is also domiciled in Lagos.

Fourth on the list is Decagon, a recruitment and HR company founded in 2018 and also located in Lagos, The company has a staff strength of 557.

Flutterwave takes fifth place with 541 staff. Unarguably one of the emerging giants in Fintech, Flutterwave was founded in 2016 and is also a Lagos-based company.

The report however highlights the important position Fintechs hold in the recruitment industry as the industry holds the highest number of staff when compared to other sectors in the report.

Three Fintechs - Cowrywise, Flutterwave and Renmoney are the majority in this report while the whole start-ups in Nigeria have a combined staff strength of 19,334 people, a figure which surpasses South Africa’s 11,340 employees in the tech industry.

JOIN OUR PULSE COMMUNITY!

Unblock notifications in browser settings.

Eyewitness? Submit your stories now via social or:

Email: eyewitness@pulse.ng

Recommended articles

Exclusive: Africa is completely ready for wide-use of electric vehicles and in 5 years time half of the vehicles on Africa’s roads will be electric

Exclusive: Africa is completely ready for wide-use of electric vehicles and in 5 years time half of the vehicles on Africa’s roads will be electric

'My Toothdoc' Initiative earns Colgate Advan African Innovation Award

'My Toothdoc' Initiative earns Colgate Advan African Innovation Award

Nigeria is set to stop its importation of refined oil and refine its own oil by 2023

Nigeria is set to stop its importation of refined oil and refine its own oil by 2023

Enjoy whopping N1m discount buying JAC vehicle this season

Enjoy whopping N1m discount buying JAC vehicle this season

CBN's RT200 initiative improves as non-oil exports hit $4.98 billion

CBN's RT200 initiative improves as non-oil exports hit $4.98 billion

WhatsApp hit by massive data breach, over 400 million user details from 84 countries exposed

WhatsApp hit by massive data breach, over 400 million user details from 84 countries exposed

Kenya seeks to decrease its dependence on foreign handouts

Kenya seeks to decrease its dependence on foreign handouts

China reliefs Rwanda of $7.1 million debt

China reliefs Rwanda of $7.1 million debt

See how the oil boom in Uganda is increasing the demand for more skilled labor in the country

See how the oil boom in Uganda is increasing the demand for more skilled labor in the country