Four Nigerian startups were featured on Bloomberg’s prestigious ’25 African Startups to Watch’ list: 10mg Health, Remedial Health, Terra Industries, and Sycamore. These Nigerian Startups are addressing systemic gaps in Nigerian public infrastructure, healthcare, and security.
Bloomberg’s second edition of African Startups to Watch spotlights companies across the continent as they race to solve some of its toughest challenges. Last year 2025 marked the inaugural episode of Bloomberg’s Prestigious 25 African Startups to Watch. The prestigious event saw 8 Nigerian Startups selected as Startups making significant changes and impact aimed at solving Nigeria and Africa’s direrest challenges.
Today, these 4 Selected Nigerian Startups are building solutions for crucial issues such as accessing a doctor in Chad, moving goods in Kenya, securing a loan in South Africa or safeguarding borders in Nigeria in environments where infrastructure or systems have failed to deliver.
The Four (4) Featured Nigerian Startups Focuses on solving Deep Structural Challenges facing Nigerians and Africans:
1. 10Mg Health
10mg Health: Founded by Pharmacist Christian Nwachukwu in 2022, 10mg Health Addresses treatment delays by helping hospitals and pharmacies get upfront funding. The company is reshaping how health care is accessed by unlocking mush needed financial liquidity In Markets where patients often often delay treatment due to upfront costs.
10mg sits at the intersection of Fintech and Health. The company insists it can price risk better than traditional lenders by analyzing medical behavioral signs. By providing upfront access to much needed Capital for accessing medical treatment, the company is helping to bridge a huge gap in African healthcare affordability and availability.
2. Remedial Health
Remedial Health: Remedial Health is a Nigerian health technology startup that digitizes the pharmaceutical supply chain to ensure healthcare providers have access to genuine, affordable medicines. The Startup Combats counterfeit drugs by supplying and financing medicines for thousands of pharmaceutical providers.
Remedial Health features on Bloomberg’s prestigious ’25 African Startups to Watch’ list for the second year in a row having also featured in Last year’s inaugural Bloomberg prestigious ’25 African Startups to Watch’ list 2025.
Founded in 2021 by Samuel Okwuada and Victor Benjamin, Remedial Health offers digital procurement and PMR (patient medication records) platforms that make it easier for neighbourhood pharmacies, PPMVs, and hospitals to access affordable and authentic retail medicines.
In 2021, Remedial Health Raised $4.4 million in a Seed Funding round led by Global Ventures to accelerate its expansion across Nigeria and to provide access to credit for inventory purchases for neighbourhood pharmacies, proprietary patent medicine vendors (PPMVs), and hospitals in the country.
3. Terra Industries
Terra Industries: Terra Industries is a prominent Nigerian defense-tech and robotics startup that manufactures autonomous drones, unmanned ground vehicles, and sentry towers. Founded by Maxwell Maduka and Nathan Nwachuku in 2024, the company operates out of Abuja and provides indigenous, AI-powered security solutions to protect critical infrastructure across Africa.
This year, Terra Industries, Africa’s most-funded defence-technology startup, announced the building of a 34,000-square-foot drone factory “Pax-2” in Accra, Ghana, which the company says will become the continent’s largest drone factory when it becomes operational in June 2026.
Terra Industries advanced Defense and Security products includes: Aerial Drones, Unmanned Ground Vehicles (UGVs) such as the Duma ground drone and mine-sweeping rovers allow for ground surveillance, supply transport, and IED detection.Other products include: Surveillance Sentry Towers: AI-powered towers (such as Kallon) that can autonomously identify, detect, and track threats up to 3 km away. and ArtemisOS: The central AI operating system that provides battlefield intelligence, automated planning, and hardware orchestration.
4. Sycamore
Sycamore: Sycamore is a Nigerian fintech platform that offers collateral-free personal and business loans, peer-to-peer lending, savings options, and investment products. Designed for individuals and SMEs, it operates via an all-in-one mobile app to help users grow wealth, manage money, and access credit quickly.
Sycamore (Sycamore Integrated Solutions Limited) was founded in 2019 in Lagos, Nigeria. The company is owned and was co-founded by three entrepreneurs who met at the Lagos Business School; Babatunde Akin-Moses (Co-Founder and CEO), Mayowa Adeosun (Co-Founder, CFO, and COO) and Onyinye Okonji (Co-Founder and CMO). The fintech platform, which began operations from the living room of its current CEO, specializes in peer-to-peer (P2P) lending, savings, investments, and related financial services
Sycamore is a highly compliant and regulated fintech. It holds a fund manager license from the Securities and Exchange Commission (SEC) and operates with approvals from the Central Bank of Nigeria (CBN) and the Federal Competition and Consumer Protection Commission (FCCPC).
What Does Featuring on Bloomberg’s 25 African Startups to Watch List Means for these 4 Nigerian Startups
Being featured on Bloomberg’s ’25 African Startups to Watch’ is a major stamp of global credibility that validates a company’s business model and social impact. This prestigious recognition elevates brand visibility, attracts venture capital from international investors, and positions the startup as a key innovator solving the continent’s most critical infrastructure and systemic challenges.
The inclusion in this Exclusive List provides several Key Advantages for a young Startup including:
Global Credibility and Trust: Bloomberg is a premier financial and business authority. Appearing on this curated list immediately signals to global stakeholders—including potential partners, clients, and governments—that a startup has passed rigorous screening and is a proven market leader.
Increased Access to Capital: The list is closely monitored by venture capitalists, angel investors, and international institutions looking for high-potential growth opportunities. Being featured often serves as a catalyst for closing larger funding rounds.
Massive Media Exposure: Honorees typically receive international media coverage, including profiles across Bloomberg Terminal, Bloomberg Television, and digital platforms, dramatically expanding their reach and market awareness.
Validation of Local Problem-Solving: Bloomberg specifically highlights startups that are building unique solutions in environments where traditional systems or infrastructure have fallen short (e.g., fintech, healthtech, agritech, and logistics). It acknowledges the business’s direct impact on the community.
How Many Nigerian Startups Made Bloomberg’s 2025 List?
Exactly eight Nigerian startups were featured on Bloomberg’s ’25 African Startups to Watch’ list for 2025.
These Nigerian Startups and their Primary sectors include:
-Bujeti (Fintech)
-Flutterwave (Fintech)
-Golemon (E-commerce)
-Klasha (E-commerce / Fintech)
-Kuda (Fintech)
-Pricepally (E-commerce)
-Remedial Health (Healthtech)
-Thrive Agric (Agritech)
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