How Bunmi Akinyemiju is Revolutionizing Tech in Africa
Bunmi Akinyemiju, MD/CEO, Venture Garden Group (VGG) and Greenhouse Capital, believes that Nigerian problems are not magical; they are not out of reach. With technology these problems will certainly be solved. He expressed that the aim of the Venture Garden Group is to use innovative and
data-driven, end-to-end technology platforms to address and reconcile inefficiencies experienced when one needs funds to be wired, as well as payment processes across multiple sectors of the African economy.
Since its inauguration in 2010, Venture Garden Group has grown 6 fully owned entities, which are focused on leveraging technology to create African solutions to African problems and backing African fintech startups. They have also invested in 14 fintech-enabled companies across Nigeria and Kenya and are suspected to be investing in more soon.
The ultimate beneficial owners of VGG are Olubunmi Akinyemiju and Olubukunmi Demuren. They each own 50 percent each of the company.
In a bid to support African startups, VGG launched Vibranium Valley, a world-class office space in Lagos, which Bunmi refers to as the “Campus”. He hopes it will serve as a hub for Tech startups to enjoy, which will build an entrepreneur ecosystem, where people can be inspired to create companies and eventually create more employment opportunities for Africans.
With the launch of this tech hub, VGG has taken the first of three steps towards growing an innovative and collaborative ecosystem that will transform Africa and the lives within it.”
To represent the Nigerian government and other powerful politicians, Vice President Yemi Osinbajo was on hand to commission Vibranium Valley, which housed over 25 startups at inception, with the capacity to host almost two times that.