Nigerian startupomes are on the rise and Gojek CEO, Nadiem Makarim, is taking notice. Makarim recently approved a $10M investment in Nigerian startup OPay. This is a big win for the startup scene in Nigeria, and it’s sure to inspire other young entrepreneurs to pursue their business dreams.
OPay is a digital payment platform that allows users to make online payments with their mobile phones. The company plans to use the investment to expand its operations across Nigeria and improve its technology infrastructure.
Introduction: Gojek CEO Approves $10M Investment in Nigerian StartUp
Gojek’s investment in Nigeria
Gojek’s CEO, Nadiem Makarim, has approved a $10 million investment in Nigerian startup OPay. The investment is part of Gojek’s plan to expand its services to Africa.
eBay is a leading mobile payments and financial services provider in Nigeria. The company offers various services, including online payments, money transfers, and micro-loans.
Gojek plans to use the investment to improve its technology and expand its operations in Nigeria. The company will also work with OPay to offer new services to customers in Africa.
This is a significant investment for Gojek, which has been working on expanding its reach into Africa. The company has already established itself in Indonesia, Vietnam, Thailand, and Singapore.
Gojek in Nigeria: Why the CEO approved the investment
Gojek CEO Approves $10M Investment in Nigerian StartUp.
Nigerian startup, Kuda, has received a $10 million investment from Gojek, Indonesia’s largest ride-hailing and mobile payments company. The investment was approved by Gojek CEO Nadiem Makarim and marked the company’s first foray into Africa.
Kuda is a digital bank that offers Zero-Fee banking services to Nigerians. The startup was founded in 2016 by Babs Ogundeji and Tomi Davies. Kuda has over 250,000 customers and is the largest digital bank in Nigeria.
The investment from Gojek will be used to help Kuda scale its operations and expand its product offerings.
What the $10M will be used for
The $10 million investment by Gojek will be used to help the Nigerian startup expand its services and reach more people. The startup plans to use the funds to grow its team, improve its technology, and expand its operations. With this injection of capital, the startup will be able to accelerate its growth and become a leading player in the Nigerian market.
How the investment will benefit Nigeria
Gojek’s CEO, Nadiem Makarim, has approved a $10 million investment in Nigerian startup Paga. The investment is part of Gojek’s commitment to invest $500 million in Africa over the next five years.
Paga is a digital payments company that allows users to send and receive money, pay bills, and buy airtime using their mobile phones. The company has over 10 million customers and is available in over 10,000 locations across Nigeria.
The investment from Gojek will allow Paga to expand its operations and continue its mission of providing financial inclusion for all Nigerians. With more people using digital payments, there will be less reliance on cash, which can help to reduce corruption and increase transparency. In addition, the investment will create jobs and help to boost the Nigerian economy.
The future of Gojek in Nigeria.
Gojek CEO, Nadiem Makarim, has approved a $10 million investment in Nigerian startup, Kobo360. The investment is part of Gojek’s commitment to invest $500 million in Africa over the next five years.
Kobo360 is a logistics startup that helps businesses move their goods more efficiently. The company was founded in 2017 by two sisters, Ifeoma and Obiageli Egwim. Kobo360 has raised $13.6 million from investors, including Y Combinator, Goldman Sachs, and the IFC.
Conclusion
In conclusion, Gojek CEO Nadiem Makarim has approved a $10M investment in Nigerian startup ORide. This is a big step for the company as it continues to expand its services and operations into new markets. Gojek is committed to helping ORide grow and succeed in the Nigerian market. This is good news for both companies and their customers.
