Smatkaria

Ikenna Nzewi and his team started Releaf  to facilitate the availability of  high-quality raw materials needed by FMCGs and manufacturers. Releaf is an Agrictech company that develops proprietary hardware and software solutions to drive large scale processing and availability of PKO for manufacturers in Africa. Ikenna Nzewi  (CEO), Isaiah Udotong (CGO), and Uzoma Ayogu (CTO), started Releaf as a marketplace  by visiting more than 20 States in Nigeria, buying and selling various agricultural commodities to get clear understanding of how specific value chains function and to  investigate opportunities to develop technology to catalyse their industrialisation.  Their discovery that there are big factories in Nigeria that  are using only  about 30% of their capacity, due to inability to get access to high-quality raw material, such as PKO,  and that many of the companies rely on imported raw material, inspired the team to pivot the di...

Samuel Okwuada and his team created Remedial Health to make it easier for healthcare providers to easily access affordable and genuine retail medicines, consumables and medical devices from manufacturers and distributors.  Remedial Health is an e-health startup that develops solutions to make Africa’s pharmaceutical value chain more efficient and reliable.  Samuel got his business idea through the discovery that every  year, 100,000 deaths  in Africa are linked to counterfeit drug trade and that over 30 percent of medicines sold in Africa are counterfeit. This led him to launch Remedial Health with his co-founder, Victor, to help address the challenge, starting with Nigeria.    The company's technology helps pharmacies and hospitals  to order pharmaceutical products sourced from reliable and trusted manufacturers and verified distributors, so as to stem erratic prices, and the supply of fake and substandard products. Store owners can access...

While   at  AutoGenius, Adebowale Banjo saw the exposure offered by the digital insurance project his team was working on as an opportunity to learn more about the insurance industry in Nigeria.  Despite Nigeria being Africa's most populous country, its insurance penetration rate is among the lowest in the region, currently standing at just 0.5% as of March 2022. His discoveries  inspired him to initiate a solution for enhancing access to insurance products. That marked the birth of MyCoverai, an embedded insurance startup, which seeks to drive the adoption of insurance by building Africa's digital insurance infrastructure.  The company has attracted more than 10,000 active users, including 4000 first-time buyers of insurance products. It has over 30 distributors on its platform,  and offers integration to 9 leading insurance companies with more than 30 insurance products, Banjo and his team won a seat at  Techstars Toronto 2022, for t...