TomX Holdings – Tech | Business | Economy https://techeconomy.ng Tech | Business | Economy Fri, 06 Jan 2023 08:09:55 +0000 en-GB hourly 1 https://wordpress.org/?v=7.0 https://techeconomy.ng/wp-content/uploads/2025/06/cropped-256Px-32x32.png TomX Holdings – Tech | Business | Economy https://techeconomy.ng 32 32 10 Startups to Watch in 2023 https://techeconomy.ng/10-startups-to-watch-in-2023/ https://techeconomy.ng/10-startups-to-watch-in-2023/#respond Fri, 06 Jan 2023 08:01:28 +0000 https://techeconomy.ng/?p=92729 It’s still the beginning of the year so why not! Some interesting startups caught our attention towards the end of 2022 and we thought it good to keep tabs on them and their unique solutions.

Not limited to any sector, the startups are:

1. Sendy

10 Startups to Watch in 2023
Sendy

With the rate at which e-commerce is blooming, trust me, 2023 will see a hike. This calls for strategies to make the entire supply chain and processes seamless and Sendy is one of the startups doing just that. 

Whether it’s an individual purchasing goods or it’s a supermarket stocking up, Sendy’s got you. The startup, founded by Mesh Alloys, Evanson Biwott, Don Okoth and American Malaika Judd, picks up, delivers, stores and even offers payment processing. All you need to do is tell them what you want and you can sell more, move goods efficiently and affordably at your own comfort.

Added to its 5,000 vehicles from third party partners, Sendy has over 92% fulfillment rates across its four countries of operations including Kenya and Nigeria.

2. TomX Holdings 

TomX Holdings Team
TomX Holdings Team

Focused across sectors including logistics, finance, fast-moving consumer goods, real estate and ICT, TomX Holdings thrives to tackle the unemployment challenge in the African continent.

Via its product offerings including TomX Credit, Rapaid and others, the startup provides affordable and reliable capital to individuals, small and medium-sized businesses, as well as corporate bodies, with trusted financial returns to investors. It also stimulates growth in savings, seamless loan applications and rewarding investments.

TomX Holdings leverages an inclusive approach, taking into cognizance the financially limited and unbanked population of the continent.

3. Mkobo

10 Startups to Watch in 2023
Mkobo

Licensed by the Central Bank of Nigeria and insured by Nigeria Deposit Insurance Corporation, Mkobo is a microfinance bank focused on enhancing the economic sustainability of the African continent, improving the quality of lives in the continent.

We can never have too many fintech companies, can we? I don’t think so, there’s just a lot to cover and these fintech companies are helping a great deal. 

Giving access to efficient banking, Mkobo was built on a goal to provide affordable financial services that help improve the lives of underserved Africans in the near future.

4. Ckrowd

10 Startups to Watch in 2023
Ckrowd

Ckrowd is taking techtainment to another level. Are you a content creator? Ckrowd would help you monetize your content within and outside the African continent.

The premium content streaming platform is also focused on supporting young African students, helping them receive affordable educational programmes through the leverage of technology.

Expanding its goal achievement, the startup recently invested in its Digital-Marketing-As-A-Service (DMAAS) technology to support content creators and businesses interested in expanding their subscribers’ reach and driving revenue from sales of their content or other products and services.

5. Babymigo

10 Startups to Watch in 2023
Babymigo

Any mum can relate with the feeling of wanting attention and guide all through pregnancy processes, that’s what Babymigo does.

Babymigo is a pregnancy and parenting community that provides tools, resources and local support services for pregnant women and parents with children between the ages of 0 and 7.

Babymigo officially launched its services towards the end of 2020 and already, over 250,000 mums have signed up on its platform, showing increasing trust from the public. The startup has major reach in Nigeria and Ghana, even mums outside these countries leverage the platform.

6. ArtSplit

10 Startups to Watch in 2023
ArtSpilt

How much do you love art and how well do you wish it accessible to you so you can easily invest?

Well, ArtSplit is a startup built to make credible art investment accessible, as it democratizes the arts industry, making it visible to the international market.

ArtSplit leverages technology to break down a piece of art worth $200,000 for instance, into a 100 thousand splits, taking entry points of that work to $2 per split and then people can afford to buy up to 10 or 50 splits easily with the app.

Users can only co-own these works, which are physical works, not an NFT, through the app.

7. Empress Linguistics Services

10 Startups to Watch in 2023
ELS

Empress Linguistics Services applies to every business, whatever sector they might be.

The startup is focused on making communications and business transactions seamless across borders. It eliminates the issue of language barrier, enabling you to gain customers from whatever part of the world, even non-English speaking countries.

In simple terms, it helps startups and established companies track their businesses with the use of languages.

8. Lazerpay

Team Lazerpay
Team Lazerpay

Lazerpay helps African businesses and creators get paid from any part of the world in cryptocurrencies, specifically stablecoins.

The fragmented currencies utilized across the world, causing inadequate business flows is its focus, bringing about an effective means of transactions to help businesses scale.

Its zeal is to improve the current financial landscape for underserved businesses. Lazerpay keeps creating new means to make commerce seamless for businesses leveraging crypto payments.

9. Chowdeck

Chowdeck
Chowdeck

Do you realize how nice it is to order a meal in the comfort of wherever you are from restaurants of your choice? 

Chowdeck doesn’t limit you to certain restaurants, it doesn’t matter where they are located. The logistics service delivers meals to you within minutes from a wide variety of restaurants ranging from African to Continental cuisines to satisfy your cravings.

It was among the startups in Y Combinator’s 2022 Summer Batch and trust me, it’s an app I use every day and can testify to its goodness.

10. Azapay

10 Startups to Watch in 2023
Team Azapay

Azapay is a fintech startup which saves us the embarrassment of failed transactions without immediate reversal.

The startup’s uniqueness comes from its cardless-based payment solution, enabling individuals and businesses to overcome the fear of being trapped at any point.

You can send money to anyone without requesting their account details, just a phone number. Azapay includes all your banking needs; send money, receive money, buy airtime or data, pay bills and lots more.

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This Startup Provides Simple, Stress-Free Loans to Corps Members across Nigeria https://techeconomy.ng/this-startup-provides-simple-stress-free-loans-to-corps-members-across-nigeria/ https://techeconomy.ng/this-startup-provides-simple-stress-free-loans-to-corps-members-across-nigeria/#respond Wed, 07 Dec 2022 14:18:23 +0000 https://techeconomy.ng/?p=90886 If you ask the average Nigerian child what he or she wants to be when they grow up, you’d get answers ranging from “doctors” to “lawyers,”  “aeronautic engineers,” or even “footballers,”  all glamorous career paths (as expected from children).

Growing up, children usually have big expectations and dreams for the future. While some dreams come true, most are usually readjusted to fit the parameters that reality offers them.

Settling for watered-down “realistic” versions of what life has to offer due to physical, geographical, financial, and even mental constraints.

Much like NYSC members, who upon registration are filled with the budding hope of a life in service to their country after school. Which originally is an experience that is looked forward to by countless youths as an opportunity for adventure and learning combined with the thrill of being in a new environment for those posted to regions of Nigeria they had never been to.

An experience that has now become one that is dreaded by many due to the country’s recent economic downturn.

Although the Nigeria’s economic growth was predicted by the International Monetary Fund (IMF) to be 3.2% by July 2022, predictions that have now deteriorated to a 3.0 due to the high level of inflation in the country, making it difficult for Nigerian youth corps members to cater for their daily needs, let alone explore options that would lead to financial growth.

Despite the efforts of the federal government to alleviate financial strain on the youth corpers with the initiation of the monthly allowance, which initially was  N19,800 Naira per month, which was later increased to 33,000 Naira per month in consideration of the economy, corps members who move to cities far from home can barely keep up with the monthly expenses that come with upkeep or even savings for the future or in case of emergencies

As a result, Rapaid — a subsidiary of TomX Holdings — has been easing the financial burden with the introduction of Khaki Loan, a platform for corp members to access easy and quick loans, as well as its savings and bill payment platforms, all designed to foster a healthy financial environment where corps members can have a financial sense of security, since its launch in August 2022.

In November, upon The Rapaid’s Team’s visit to the Iseyin NYSC camp, they introduced the Khaki Loan to a number of corps members, and these were some of the comments they got from the corps members on site:

The Khaki Loan initiative was really well thought out, and surprisingly fast too, i was able to get a loan in less than 24 hours and i no longer had to wait for allowee to come before i could pay off my pending bills and paying back would be so easy because they have agreed that i can pay back in bits from my NYSC allowance as the months go by,” said a Corps member from Enugu serving in Ibadan.

Speaking on the trip to the Iseyin NYSC camp, Ayomikun Akintayo, the Chief Growth Officer of TomX Holdings, said, “While we look forward to a better Nigeria, the key to a true national economic revolution lies in Nigerians empowering each other to seize opportunities to better themselves, and this is how Rapaid empowers corps members by giving them access to substantial financial opportunities.”

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