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

Benjamin Bonnell joins GreenTec Capital Partners in the role of Business Developer.

Cape Town (South Africa) and Frankfurt (Germany), February 2020. GreenTec Capital is very pleased to report that Benjamin Bonnell has joined the team as a Business Developer. Benjamin comes to the team with experience in social ventures, Africa, and entrepreneurship. Benjamin will leverage his African and business development skills to support GreenTec portfolio companies on…

read more

GreenTec makes first Moroccan deal with investment into Kwiks.

Frankfurt (Germany) and Casablanca (Morocco), February 2020. GreenTec is very pleased to announce our investment into Kwiks, an innovative Moroccan digital platform that specializes in rapid personnel sourcing. The company leverages a proprietary platform with a expertly curated talent pool technologically supplemented with public and private data sources to quickly offer top-tier talent to its…

read more

GreenTec Capital invests into Kenyan waste-to-value start-up Ecodudu

Frankfurt (Germany) and Nairobi (Kenya), February 2020. GreenTec is very pleased to announce our investment into Ecodudu. Ecodudu is an innovative Kenya-based waste-to-value company producing high-quality insect-based protein for animal feed and organic fertilizers from recycled organic matter. Ecodudu has developed an innovative process that harnesses nature’s recycling agents, insects, to address global problems of unmet protein…

read more