Endeavor Nigeria

Our 2024 Global Impact Report is here! Nigerian entrepreneurs are making waves on the global stage, and this year’s report highlights their impact. One standout story is Ridwan Olalere’s journey with LemFi, securing $53M in Series B funding with support from Endeavor’s global network. - Expanding Opportunities: Endeavor Nigeria continues to support high-impact founders driving innovation and economic growth. - Global Reach: We selected 89 top entrepreneurs from 5,000+ applicants, including Nigeria’s leading remittance platform. - Stronger Connections: Our new Global Hub in London is a second home for diaspora founders, ensuring they thrive wherever they scale. In a borderless world, we remain committed to helping Nigerian entrepreneurs dream bigger, scale faster, and build lasting impact. Read the full 2024 Global Impact Report: bit.ly/EGIR2024 #Endeavor #EndeavorNigeria #ImpactReport #Entrepreneurship #ScalingBeyondBorders

Building a thriving entrepreneurial ecosystem requires vision, collaboration, and the right network. On February 26, we hosted an exclusive founders mixer in Lagos with Allen Taylor (Managing Partner, Endeavor Catalyst) & Michele Wanjiku (Regional Head, Africa). It was an evening of meaningful conversations, industry insights, and valuable connections. The evening was filled with insightful conversations about scaling high-impact ventures, accessing smart capital, and leveraging the power of the Endeavor network. #Endeavor #EndeavorNigeria #VentureCapital #EndeavorCatalyst #HighImpactEntrepreneurs #EndeavorEntrepreneurs Endeavor Endeavor Catalyst Ireayomide O Chijioke Dozie Carbon Emeka Emetarom Zone Somtochukwu Ifezue Joshua Chibueze Piggyvest Tunde Kara Vendease Africa Obi Emetarom Deepankar Rustagi OmniRetail Africa Wale Onawunmi Richard Oyome Raenest Damilola Olokesusi Shuttlers Tope Alabi Afriex Maxwell Obi Waza (YC W23) M. Mikael Hajjar P1 Ventures Brian Waswani Odhiambo Novastar Ventures Franklin Hodgins Ebomah Chui Ventures Ayobami O. Esther Otusanya Joy E. Joy Mabia Opeyemi Lawal Mofifoluwa Olawumi

Highlights from Our Exclusive Dinner with Endeavor Catalyst! ✨ Last week, we had the pleasure of hosting an exclusive dinner in Lagos with Allen Taylor and Michele Wanjiku from Endeavor Catalyst. The event brought together industry leaders, Endeavor Catalyst LPs, and board members for insightful conversations and valuable connections. We are proud to be part of a global community that supports high-impact entrepreneurs and innovation. Watch the highlights of the evening and join us as we continue to empower entrepreneurs across Africa and beyond! #EndeavorNigeria #EndeavorCatalyst #Entrepreneurship Endeavor Paul Onwuanibe Chidi Iwuchukwu Ini Ebong Damilola Salawu Gautam Hathiramani Michael Ajukwu Temitope Odukoya Aditya Chellaram Jacky Hathiramani Bolaji Balogun Okechukwu Enelamah Sean Hsu Oscar N. Onyema, OON Samson Esemuede, CFA Tito Cookey-Gam Cyril Collon 'Yemisi Ayeni Igbuan Okaisabor JUDE CHIEMEKA Femi Olubanwo Ade Bajomo Seni Adetu Maya Horgan Famodu uwa osa oboh Ogugua Osakwe-Adegbite Abiola Adediran, MBA, FCA, FIMC, CMC Bimbola Ogundare, FCCA Emeka Onwuka Ireayomide O Esther Otusanya Ayobami O.

Another Major Portfolio Milestone–LemFi! 🚀

What makes us excited about the future of LemFi? Ridwan Olalere, founder of LemFi, was selected as an Endeavor Entrepreneur at our 100th in-person International Selection Panel last September, joining the fewer than 2% of companies chosen from of all candidates. Here's why he stood out: 🚀 Ridwan’s journey embodies the #MultiplierEffect: His experience at Flutterwave (an Endeavor Entrepreneur company) inspired him to build LemFi, and already, LemFi has helped launch new startups like GeekPay. 🧱 Since launching in 2021, Ridwan has built everything in-house with impressive vision, planning, and hiring. 🌍 LemFi has already grown to 1M+ users in diaspora communities across Europe and North America, who send a combined $1B to emerging markets monthly. 📈 Today, with their recent $53M Series B funding and a vision to become the first full-stack financial hub for the global south, they’re just getting started. Learn more about LemFi’s journey and why we’re excited for what’s next: https://lnkd.in/eY6u2kqk #MoreThanScaleMultiply #EndeavorMultiplierEffect #Entrepreneurship Endeavor Nigeria

In my conversations with Tage Kene-Okafor, Caleb Maru, Sophie Schmidt, Timothy Motte, Michele Wanjiku and Mide Alonge, what many times comes up is how Africa should be much more present in the global tech conversations. I mean Paysend, InstaDeep and Tyme are three very clear examples of excellence. 🌍 Last week when Achille AROUKO published Bujeti (YC W23)’s map of “Africans Building Tech”, I was psyched to see so many Endeavor entrepreneur-led companies. I believe it’s 17 out of the 41 on the map.🎉 From Sophia Alj (Chari | YC S21 | Ecom and Fintech apps for retailers in Francophone Africa) to Olugbenga Agboola (Flutterwave), and from Vinny Lingham (Civic Technologies), to Belal EL-Megharbel (MaxAB) and Noureddine Tayebi (Yassir).🚀 Huge congrats to Endeavor Nigeria 🇳🇬, Endeavor South Africa 🇿🇦, Endeavor Kenya 🇰🇪, Endeavor Morocco 🇲🇦, Endeavor Tunisia 🇹🇳 and Endeavor Egypt 🇪🇬 for a combined 60+ years on the ground betting on Africa!! 🙏

📣 Some funding news out of Nigeria 🇳🇬! Endeavor entrepreneurs Tosin Eniolorunda and Felix Ike, co-founders of Moniepoint Group, announced a strategic investment from Visa. 🤯 Founded in 2015 Moniepoint Group is an agency-banking solution that enables small businesses to provide basic financial services such as deposits, withdrawals, transfers, and bill payments to their customers As Tosin stated, “This partnership is a major leap forward not just for Moniepoint but also for the millions of small and medium-sized businesses (SMEs) that are powering socio-economic transformation across Nigeria.” Huge congrats to the Moniepoint Group team, to Visa and to the amazing team at Endeavor Nigeria. 👏

Why did LemFi join the Endeavor network? Fewer than 2% of companies are selected to join Endeavor, and LemFi has set itself apart as a true rocket ship. 🚀 Founded by Ridwan Olalere and co-founder Rian Cochran, LemFi redefines remittance for diaspora communities. With over one million registered users across Europe and North America, the platform processes $1 billion monthly in remittance flows, serving markets in Africa, Asia, and beyond. This week, LemFi announced its $53 million Series B raise led by Highland Europe, with participation from Endeavor Catalyst. This funding will power LemFi's vision to create a full-stack financial services hub for the global south while continuing to expand its reach into new markets like India, China, and Pakistan. When our international selection panel, including Guillaume Pousaz (Founder and CEO of Checkout.com), evaluated LemFi, they saw a market-making fintech company with strong leadership, a scalable model, and a clear growth strategy. More importantly, they saw an entrepreneur building something truly transformative. More than just a company, LemFi represents the next wave of African fintech innovation. Ridwan’s entrepreneurial journey–from building products at Flutterwave and OPay to creating LemFi, exemplifies the Endeavor Multiplier Effect—inspiring and mentoring the next generation of game-changing founders. Explore why we believe LemFi is poised to scale globally and transform financial services: bit.ly/WWSLF24 #RidwanOlalere #RianCochran #EndeavorEntrepreneur #EndeavorNigeria #EndeavorCatalyst #LemFi #Entrepreneurship #SeriesBRaise #Remittance #HighImpact Ayobami O.

🚀 Exciting news from LemFi! Co-founders Ridwan Olalere (an Endeavor Entrepreneur) and Rian Cochran have raised $53M in Series B funding, led by Highland Europe, with participation from Left Lane Capital, Palm Drive Capital, Endeavor Catalyst and Y Combinator. LemFi, the financial platform for immigrant communities, serves 1M+ active users and processes an impressive $1B+ in monthly transactions, connecting families and communities across 20+ countries. This funding will fuel its global expansion, including a recent launch in Europe, and strengthen its hyper-localized services for diaspora communities worldwide. This milestone also celebrates Ridwan’s inspiring journey as an Endeavor Entrepreneur, selected at the 100th International Selection Panel in Dublin (September 2024). Fun fact: This is Endeavor Catalyst’s 6th investment in Nigeria, a testament to our commitment to backing transformative businesses across Africa! 🌍 Congratulations to the LemFi team for shaping the future of financial services for immigrants worldwide. Read more: tcrn.ch/3E3ZRYW #LemFi #RidwanOlalere #RianCochran #EndeavorEntrepreneur Linda Rottenberg Adrian Garcia-Aranyos Allen Taylor Margaret Pollack Michele Wanjiku Ireayomide O Ayobami O.

2024 has been a remarkable year! As we celebrate the holidays, we reflect on our achievements and the incredible community that made them possible. Check out our latest newsletter on LinkedIn for highlights and updates. Wishing you joyful holidays and a fantastic new year! 🎉