Day 1–1000: How Tunde Akin-Moses built Sycamore from his living room
- Tunde Akin-Moses identified a gap in Nigeria's lending system while working in credit at a consulting firm.
- Sycamore was launched from Akin-Moses' living room with initial funding of around $50,000 from friends and family.
- The company disbursed its first loan of approximately ₦1.5 million in 2019.
The journey of Sycamore illustrates the resilience and adaptability required to succeed in the African startup ecosystem. The founders' ability to pivot and innovate in response to challenges is commendable, and their focus on building a solid foundation before seeking visibility is a strategic approach that many startups could learn from. However, as they prepare to increase their public presence, it will be crucial for them to maintain their core values and operational integrity.
