A competitor that has raised over $17 million and serves more than 5,000 pharmacies and hospitals in Nigeria.
Top 20 Fastest Growing Startups in Africa to Watch in 2025
Fintech startups like PalmPay, Flutterwave, and OPay are revolutionizing financial access and processing billions in transactions monthly. Remedial Health is digitizing pharmaceutical supply chains, improving access to medicines across Nigeria.
Nigeria’s Medsaf quietly shuts down after raising over $7 million to digitise drug supply
Medsaf shut down operations in March 2024 after failing to recover outstanding debts. The startup raised over $7 million since its launch in 2016 but ran out of funds by January 2023.
PalmPay named Africa’s fastest-growing fintech
PalmPay has been named Africa’s fastest-growing fintech by The Financial Times. The company posted a revenue of $63.9 million in 2023 and has over 1,000 employees.
Ventures Platform returns capital on 4 out of 6 investment cohorts
Ventures Platform claims it has generated returns on four out of six investment cohorts. The VC firm raised a $46 million fund and disbursed $19.6 million across different startups on the continent.
2023 wrapped: lessons, fears and hopes from 23 tech leaders
Be a cactus and thrive in hard environments Know when to quit or shut down a business
