Nigerian startups secured over $4.8 million in funding across 10 deals in July 2025, according to data from Nairametrics Research. The month was dominated by digital credit recovery platform Bfree and mobility fintech firm Moove, alongside significant contributions from the energy, agriculture, logistics, legal tech, and fintech sectors.
Bfree Tops July Funding with $3 Million
Debt management startup Bfree raised $3 million in debt financing from Verdant Capital, making it the largest funding deal by a Nigerian startup in July. The company plans to scale its AI-powered debt collection solutions across multiple African markets, positioning itself as a leader in digital credit recovery.
Moove Secures $500,000 to Expand Vehicle Financing
Moove, a mobility fintech company known for financing vehicle ownership for ride-hailing drivers, raised $500,000 in a venture round led by Launch Africa. The funds will support scaling operations and enhancing vehicle financing models to reach more drivers across Nigeria and beyond.
Energy and Agriculture Startups Attract Grants
Energy and agriculture-focused ventures dominated the funding scene, supported by the Powering Renewable Energy Opportunities (PREO) program:
- enee.io secured $300,000 from impact investor All On to expand its IoT-based energy monitoring systems.
- Koolboks, Spunvertek, Consistent Energy, and Green Eden Farms each received $200,000 grants from PREO to strengthen renewable energy and sustainable farming solutions.
Other Notable Deals in July 2025
- PocketLawyers (Legal-tech): Raised $100,000 to expand its digital legal advisory platform.
- Flick (Fintech): Secured $100,000 from Nubia Capital to boost digital payments innovation.
- Gamp (Logistics): Closed an undisclosed debt financing round with Nigerian institutions, including FSDH Bank, Meristem, and BAS Finance.
Key Takeaways from Nigeria’s July 2025 Funding Activity
- Energy & Water startups accounted for 50% of deals, driven by grant support from PREO.
- Fintech remained strong, with Bfree and Flick closing significant debt and equity rounds.
- Logistics and transport attracted strategic funding to enhance urban mobility solutions.
- Legal tech entered the spotlight with PocketLawyers, reflecting investor interest in digitised professional services.
Outlook for Nigeria’s Startup Ecosystem
The $4.8 million raised by Nigerian startups represented 0.75% of Africa’s total $636.8 million funding in July 2025. Despite global economic uncertainties, Nigeria’s startup ecosystem continues to demonstrate resilience and diversity, attracting capital from local and international investors like Verdant Capital, Launch Africa, All On, and Nubia Capital.
With grants, venture capital, and debt financing flowing into multiple sectors, Nigeria’s startup scene is well-positioned to keep driving innovation, sustainability, and financial inclusion.
