Tunde Kehinde is a seasoned entrepreneur and business executive.
He is best recognized as the co-founder of Jumia Nigeria, which is celebrated as Africa’s first unicorn and was publicly listed on the New York Stock Exchange (NYSE).
Additionally, he co-founded Africa Courier Express (ACE), a logistics company aimed at enhancing delivery services across Africa.
Currently, he is the CEO of Lidya, a fintech platform that provides credit solutions to small and medium enterprises (SMEs) in emerging markets.
Kehinde has been referred to as “The Jeff Bezos of Africa” by notable media outlets due to his influence on the continent’s digital economy.
This is his profile as told by WOA:
Tunde Kehinde’s Net worth
Tunde Kehinde has founded and co-founded several notable companies, primarily focused on enhancing the business landscape for small and medium enterprises (SMEs) in Africa.
Here are the key companies associated with him:
- Lidya: Co-Founder and CEO. Lidya is a digital fintech lender that provides financing to SMEs in Africa and Europe.
- Jumia Nigeria: Co-Founder. Jumia is Africa’s first unicorn and a major e-commerce platform.
- Africa Courier Express (ACE): Co-Founder. ACE is an e-commerce delivery company that offers logistics solutions across Africa.
Tunde Kehinde’s Education Qualifications
Tunde holds a Bachelor of Business Administration (B.B.A.) degree in Finance from Howard University as well as a Master of Business Administration (M.B.A.) from Harvard Business School.
But how did he make his millions?
Tunde Kehinde’s Success Journey
Tunde Kehinde was born in Nigeria and grew up in an entrepreneurial environment that shaped his career aspirations.
His father ran an engineering consulting firm, while his mother started various businesses, including a bakery and a video game store.
After completing his MBA from Harvard Business School, Tunde worked as an investment banking professional at Wachovia Securities in North Carolina and New York City.
This experience provided him with insights into business operations and finance, which would later inform his entrepreneurial endeavors.
In 2012, Tunde co-founded Jumia Nigeria, which became Africa’s first unicorn after its public listing on the New York Stock Exchange (NYSE) in 2019.
The platform revolutionized e-commerce in Nigeria by addressing the needs of a growing middle class and providing a marketplace for various products.
Tunde’s vision was to create an organized retail environment in Nigeria, akin to Amazon, which was largely absent at the time.
In 2013, recognizing the logistical challenges faced by businesses in Africa, Tunde co-founded Africa Courier Express (ACE).
This logistics company aimed to provide efficient delivery solutions for businesses and consumers across the continent, enabling SMEs to expand their markets without logistical constraints.
In 2016, Tunde co-founded Lidya, a fintech platform designed to provide quick access to credit for SMEs in Africa and Europe. Lidya leverages technology to offer financing solutions within 24 hours, helping businesses build their credit profiles.
Under Tunde’s leadership, Lidya has disbursed over $100 million in loans with a remarkable 99% repayment rate, significantly enhancing financial inclusion for underserved businesses.
Tunde Kehinde has been recognized as a leading figure in Africa’s tech ecosystem, often referred to as “The Jeff Bezos of Africa.”
By advocating for entrepreneurship and economic diversification, he has contributed to job creation and the overall growth of Africa’s digital economy.
