Nigerian tech entrepreneur seeks angel investors for Africa-focused venture
Emem Edem, founder of Etegram Tech Limited, announces an ambitious plan to reach $500,000 in revenue within the next 12 months with his new product. This innovative solution targets the African market, offering affordable pricing, localized services, and 24/7 support.
The story behind the business
In 2021, Emem identified a significant gap in the market. A customer sought a subscription service with no African-owned alternatives, charging exclusively in USD. Emem collaborated with an international company to facilitate the transaction, earning a profit of $120 on a $60 service. This experience revealed a substantial market opportunity in Nigeria.
Why this opportunity is great for investors
Emem believes this business offers investors a unique chance for success. Key advantages include:
Affordable Pricing: Services offered at $2, significantly lower than competitors’ $5.
Localized for Africa: Focus on local pricing, culturally relevant services, and 24/7 support.
High Demand:5,000 active users and 20,000 on the waiting seeking similar services.
Scalable Revenue Model: Projected monthly revenue of $50,000, translating to $600,000 annually.
Current funding and future growth
Emem is currently raising seed funding and has secured a few thousand dollars. Interested angel investors can connect with him to explore this opportunity further.
Contact Information:
LinkedIn: Emem Edem
Email: ceo@etegramgroup.com
Join the journey
Africa presents vast opportunities beyond fintech. With the right support, this venture could become a unicorn in under four years. Let’s build the future together!
