Ekechi Nwokah, the founder of cloud-based credit startup, Migo has joined Endeavor, a mission-driven, global organization leading the high-impact entrepreneurship movement.
Formerly known as Mines, Migo is a cloud-based platform that partners with banks, mobile operators, retailers, and payment processors in emerging markets to provide credit to underserved consumers.
Endeavor’s mission is to build strong entrepreneurship ecosystems in growth markets, including Nigeria, by selecting, mentoring, and accelerating the best high-impact entrepreneurs to drive economic growth and job creation.
The managing director and CEO of Endeavor in Nigeria, Eloho Gihan-Mbelu said, “Migo is an exciting high-growth company that is improving financial access for millions in Nigeria.
“As the company expands beyond Nigeria, starting with Brazil, which is one of Endeavor’s largest markets, we look forward to supporting Ekechi and his team on their mission to bring retail credit to billions of underserved people all over the world. Ekechi is a dedicated, technical founder and a strong role model for high-impact entrepreneurs in Nigeria.”, said
To become an Endeavor Entrepreneur, candidates go through a rigorous selection process which culminates in an International Selection Panel by vetted and trusted mentors, drawn from Endeavor’s extensive network of over 4,000 mentors across the world. Ekechi was successfully selected along with seven entrepreneurs leading six companies from six countries.
Globally, over two billion adults lack access to credit. Migo’s innovative business model is seizing the opportunity to close a gap in the digital financial services industry and reach a large, underserved customer base.
As Ekechi Nwokah leads his team at Migo to new heights, he hopes to leverage Endeavor’s extensive network globally. “Endeavor will be a significant value add for the company as we expand”, he said.
Along with Migo, Endeavor Nigeria supports 14 entrepreneurs who lead nine companies in Nigeria. Companies in the Endeavor Nigeria network span various industries, including financial technology, renewable energy, healthcare, film production and distribution, and retail.
