Piggyvest, Tizeti, Kobo360 and 54gene are the four most innovative start up companies and are amongst the top 10 African companies for 2020.
According to the 2020 World’s Most Innovative Companies (MIC) list by Fast Company, one of the world’s most influential media brands, the list provides both a snapshot and a road map for the future of innovation across the most dynamic sectors of the economy.
The list features 434 businesses from 39 countries, including more than a few African companies who stand shoulder-to-shoulder with the likes of Snap, Microsoft, Tesla, Spotify, and Canva on the list.
“Though the leading companies in Africa are finding solutions to local problems, their applications are relevant well beyond their borders,” the company stated.
Piggyvest:
This four-year-old company was chosen for helping West African millennials invest and save for the future. The savings platform helps users save by automatically deducting fixed amounts from their accounts at set periods (according to user’s instructions) and moving the money into savings or investment accounts.
Tizeti:
Tizeti was chosen for harnessing the power of the sun for an affordable 4G network. This Nigerian startup, launched in 2016, is known for providing public Wi-Fi hotspots in urban areas and rolling out a high-speed network across the country using solar-powered towers.
Kobo360:
Launched in 2016, was chosen for connecting African truck drivers with companies in need. The Kobo360 digital platform facilitates freight logistics services by connecting truck drivers and fleet operators with companies they need their goods moved throughout Nigeria and beyond.
54gene:
This company was launched in 2019 and was chosen for building an Africa-wide genetic biobank. This genetics company has taken the first step toward creating an Africa-wide genetic biobank by partnering with more than a dozen hospitals in Nigeria in an effort to collect, sequence, and analyse the genomes of their patients.
On the worldwide scene, Snap, an American camera and social media company was rated the number one most innovative company for setting the social agenda.
