GreenTec invests into Nigeria’s Save N Flex

Save N Flex offices

Lagos (Nigeria) and Frankfurt (Germany) September 2019. GreenTec is happy to announce our investment into Nigeria’s Save N Flex. Save N Flex is an innovative employee benefits platform targeting Nigeria’s 25,000 corporates and their more than 5 million employees. The platform leverages an innovative approach to help corporates effectively scale their employee benefits programs while providing growth opportunities to retail start-ups and other service providers thereby bringing corporates, their employees, and retailers together to mutual benefit.

Save N Flex was founded as a response to the most recent Nigerian recession. Although officially over, the economic downturn has had disproportionately large effects on salaried Nigerians, who often financially support large extended families. The platform currently offers subscribers discounts on a range of key services including airtime, fuel, utilities, electronics, and financing. The company intends to develop the platform as the cornerstone of a sustainable ecosystem benefiting its key stakeholders. The company is actively developing additional features such as employee recognition programs as well as communication tools, which will be rolled out to platform users in 2020. The company has already demonstrated impressive revenues with good uptake with corporates and retailers. Save N Flex first-mover advantage positions the company well to capture the Nigerian market and scale into neighboring geographies.

Links

Other Posts

Amitruck raises $4 million for scaling into Uganda and Tanzania

Frankfurt (Germany) and Nairobi (Kenya), February 2022. GreenTec Capital is very pleased to report that Amitruck, our Kenya-based logistics-tech portfolio company, has closed a US$4 million seed round. Amitruck will use the funds to bolster its operations, technical, and sales teams supporting its expansion in East Africa. The funding round was led by Better Tomorrow…

read more

Angel Investing in Africa – Never a better time to Learn

Register for the Axum Masterclass on Angel Investing on February 16th, 15:30 CET Frankfurt (Germany), January 2022. To look for signs that the African VC segment is maturing, one need only to look at the staggering $4.3-$4.6+ billion in reported deals closed in 2021. While lower than other international start-up markets, this represents a 150%…

read more

New African Magazine Selects Tomi Davies as Among 100 Most Influential Africans

London (England), Frankfurt (Germany) January, 2022. GreenTec Capital is very pleased to share that Mr. Tomi Davies (TD), our Chief Investment Officer, was selected to be among those honoured as “The 100 Most Influential Africans of 2021” by New African magazine.  The annual award showcases Africa’s best and brightest by recognising, honouring, and celebrating the…

read more