Meet Endeavor’s highest-growth founders shaping 30+ underserved countries despite economic uncertainty
LAGOS, Nigeria – April 24, 2024 – Endeavor, the globally recognized organization supporting high-growth entrepreneurs, today announced the 2024 Endeavor Outliers class. This prestigious recognition highlights the best-performing and fastest-growing companies within the Endeavor network, featuring several exceptional Nigerian founders and their groundbreaking ventures.
Nigerian innovators are shining bright this year as the Outliers class includes:
- Olugbenga Agboola and Ife Orioke (Flutterwave)
- Tayo Oviosu and Jay Alabraba (Paga)
- Tosin Eniolorunda and Felix Ike (Moniepoint)
- Tayo Bamiduro and Chinedu Azodoh (MAX)
- Tunde Kara, Wale Oyepeju, Olumide Fayankin, and Gatumi Aliyu (Vendease)
These visionary leaders are building impactful companies that achieve impressive growth and address critical challenges faced by Nigeria and the wider region. They join other founders from 30+ underserved markets who have raised over $31 billion and generated 1.3 billion jobs. They have built successful tech companies and are role models in their communities. See the full list of the 2024 Endeavor Outliers here – endeavor.org/stories/2024-endeavor-outliers
The Endeavor Outliers program extends over a year, providing tailored support to founders leading high-growth businesses. The program equips participants with valuable resources and fosters a collaborative environment where founders can share experiences, learn from each other, and connect with world-class leaders.
Despite global economic headwinds, the 2024 Endeavor Outliers demonstrate exceptional resilience and growth. Collectively, they represent companies with an average revenue significantly exceeding similar private companies, with some achieving unicorn status.
These inspiring entrepreneurs are committed to giving back. They have dedicated a remarkable amount of time, nearly 2,000 hours, to mentoring and advising other founders. Their investments through Endeavor Catalyst, a co-investment fund, have surpassed $40 million. Additionally, a significant number actively contribute by serving on the board of their local Endeavor chapter.
“The Endeavor Outliers program was not just a springboard for my company’s growth but a crucible that forged an invaluable network of peers,” said Christian Wessels, Former Outlier, CEO of Daystar Power and Endeavor Nigeria Board Member. “As an Outlier alum now on the board, I see the same fire and potential in the Nigerian founders of the 2024 class. The camaraderie and shared war stories are the forge where resilience and ingenuity are truly honed. It’s an honor to pay it forward and empower them to become successful entrepreneurs and impactful changemakers for Nigeria’s future.”
The Endeavor Outliers program fosters a supportive network where founders can connect, share challenges, and find solutions. This collaborative environment empowers them to navigate the complexities of scaling a business and achieve even greater success. The 2024 program will commence officially in June with the annual Outliers Retreat in California.
While celebrating the achievements of these outstanding entrepreneurs, Endeavor also recognizes the unique challenges they face. Many are pioneering new paths in their respective industries, with limited access to established role models. The Endeavor Outliers program connects them with a global network of peers who share similar experiences, fostering valuable knowledge exchange and mutual support.
“I am thrilled to welcome the Class of 2024 Outliers from the Endeavor Nigeria portfolio companies. We are dedicated to offering these high-impact founders the mentorship, network and resources they need to scale their businesses and foster positive change in Nigeria and beyond,” said Ireayomide Oladunjoye, Managing Director and CEO of Endeavor Nigeria.
Highlights of the 2024 Endeavor Outliers
- This cohort mirrors the global reach of Endeavor’s network, spanning over 30 countries. Following Endeavor’s portfolio distribution, Latin America, the Middle East, and Europe are the most represented regions in this year’s cohort.
- Nearly 50% of the class hails from seven key markets: Brazil, Spain, Indonesia, Mexico, Argentina, UAE, and Italy.
- In total, the 2024 Outliers Class has raised over $31 billion in the last three years, generating 1.3 million jobs across 33 countries.
- Among the class are 30 exits, 14 publicly listed companies, and 16 acquired companies that represent a combined enterprise value (i.e., acquisition price) of $18 billion.
- While Fintech and B2B Software dominate this year’s class, Marketplaces also feature prominently, showcasing some of the fastest-growing companies in the Endeavor network.
- The fintech segment includes decacorns like global payments company Checkout.com (valued at $11B+) and expense management platform Brex (valued at $12B+), as well as digital banks Papara, Neon, and Moniepoint, which are democratizing financial services for millions of underbanked consumers in emerging markets.
- The marketplace industry boasts a median revenue of $122 million and a median three-year CAGR of 207%. This segment features proptechs like Casavo, Clikalia, and PropertyFinder, revolutionizing the real estate market; B2B marketplaces like MaxAB, GrowSari, and Chiper, digitizing corner shops worldwide; and auto marketplaces Carro, Carsome, and Kavak, making car ownership accessible to thousands.
Learn about Endeavor’s global network: www.endeavor.org
