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Topcheck Nigeria

 

In a recent press statement from the company,TopCheck, the financial services price comparison platform, which launched in January 2015, has just closed a six digit Euros financing round.The Lagos based company allows users to compare prices of financial products such ascar insurance or health insurance. Users can receive a tailored quote on their desired product online and directly contact the service provider with the most attractive conditions.

In the new financing round, TopCheck was able to get a group of undisclosed European business angels as investors on board. “This first round will help us to improve our operations in Nigeria and start building a cutting edge technology” says Thomas von Pilar,
one of the founders.

While the services price comparison industry has ripped some of the largest internet companies abroad (Moneysupermarket, for example, filed a USD 868 million IPO in 2007),in Africa this sector is only just beginning to get momentum as users start to get used to buying not only products, but also services online. “We believe that 2015 will be the year of the emergence of a big African player, and we’re very well positioned to be that one player”, says von Pilar.

While the Nigerian financial services sector is small by international comparison – the sector’s contribution to the GDP is a mere 0.4% in Nigeria, compared to ca. 2.5% in USA- it experiences tremendous annual growth rates, especially in the B2C market. “The current annual growth rate of 20% in the B2C financial services industry poses a huge opportunity for TopCheck”, von Pilar states. Traditionally, the financial services sector in Nigeria is highly informal and customers end up paying more money than they should. The reason is that there is no centralised information source for comparing services. TopCheck is changing this with its online platform that is equally optimised for desktop and mobile.By giving users a full overview over all products in the market, TopCheck smartly brings transparency to the market

 

 

Kenneth Omeruo
Omeruo Ndukaku Kenneth is an Innovation Management expert,the CEO of Emerging Media,a new media company.He is a member of ISPIM - International Society for Professional Innovation Management and the US-Africa chamber of Commerce.He is the Founder of TechTrends Nigeria Blog,Nigeria Innovation Summit and the African Innovation Academy.Kenneth is a highly sought-after Internet Marketing Consultant who has through his seminars, articles, training and consulting, helped many organizations, Individuals, Businesses maximize the Internet for business purposes.Kenneth has also being featured as a guest on the TV show TODAY ON STV Nigeria and on Bloomberg Africa TV.He is the author of the best –selling Internet Book: How To Create Unlimited Internet Wealth. He is a syndicated columnist with the following Newspapers in Nigeria: Daily Independent, Financial Standard, PUNCH, BusinessDay, and Sun.Kenneth organises the EduNet Conference for Universities in Nigeria. Kenneth is a member of Institute of Software Practitioners of Nigeria( ISPON ) Roundtable For Capacity Development in Nigeria,member pre-selection committee for Nigeria at the UN World Summit Awards,a Panelist for Youth Enterprise With Innovation in Nigeria(YouWIN)-a Federal government initiative created by the ministry of finance,supported by ministries of Communications Technology,Youth Development,Worldbank and DFID. A 2013 Judge at the Google Cloud Developers Challenge for Sub Saharan Africa.He has been a contributing editor of Nigeria Communications Week,Africa Telecom and IT Business Magazine,ICT Today magazine,M2 magazine.Kenneth has been invited to the Commonwealth Telecommunications Organisation Forum, Oracle Open World Conference USA, Oracle Cloud World Dubai, and GITEX Dubai. He now lives in New York with his family and presently working on an Open Innovation project for Nigeria. You can contact Kenneth through email: (kenneth (at)techtrendsng.com) Facebook:www.facebook.com/Kenneth.omeruo On Twitter:www.twitter.com/kennethomeruo Skpe:Kenneth.Omeruo

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