logo
logo
Curve
List of the largest SaaS companies in Ikeja, Nigeria

Top SaaS Companies in Ikeja

These are the top SaaS companies in Ikeja, Nigeria. In todays day and age its possible to launch a company from anywhere. We wanted to show some love for Ikeja by featuring these 2 companies with combined revenues of $8.1M.

Together, Ikeja SaaS companies employ over 145 employees, have raised $12.2M capital, and serve over 60K customers around the world.

Divider

Highlights

Top SaaS Companies with $0 - $1M ARR


Top SaaS Companies with $5 - $10M ARR


Top SaaS Companies with $10M+ ARR


02
VP
VoguePay

Financial Services Software

Voguepay is a unique online payment processor whose vision is to offer buyers and sellers a secure and easy-to-use means of transacting business online.VoguePay allows site owners to recieve payment for their goods and services on their website without any setup fee.VoguePay distinguishes itself from other online payment processors with its array of features that are guided by its core values:- Security- User Friendliness- ReliabilityVoguePay aims at continous improvement of its services and consistent introduction of new value adding features and maintenance/upgrading of existing ones.We believe that recieving money on your website should be easy enough for anyone to implement, this explains why we have carefully created several tools to make integration of VoguePay into your site a snap. VoguePay International is owned and managed by Afrisoft Interactive Ventures Limited, Lagos, Nigeria and Mayday & Couplotters Investment Limited, United Kingdom.

$4M
-
60K
47
2012
United Kingdom
1 - 2 of 2

What are the fastest growing companies doing?


83 of the fastest growing companies that also have the most revenue have a clear expansion revenue strategy. On average, sales reps are selling plans where starting contract value is $4,606.

Those same companies employ 1,678 sales reps that carry a quota. The most common compensation plan used by these companies is a 1:5 ratio of sales rep on target earnings (OTE) to quota. Meaning if a rep can earn $200k in base and commissions, quota target for that year is set at 5x, or $1m in new ARR closed.

If you’re going to build a high growth SaaS company, you need to figure out how to scale with quota carrying sales reps.

Which CEO’s are the most efficient capital allocators?


We can measure this a variety of ways. Which company has the most revenue per employee? What about dollars in revenue compared to dollars raised? What about time, which founder went from $0 to $10m the fastest?

Looking deeper at dollars in revenue compared to dollars raised, bootstrappers take the cake because they self fund (denominator zero). When we look at companies that have raised at least $1m, Actito is the clear winner generating $21m in revenue, growing 100% yoy, on just 1m raised ($.05 dollars raised for every $1 of revenue).

Omnisend comes in a close second with $.08 dollars raised for every dollar of revenue. Doing $19m as of December 2020. Proposify gets honorable mention with $0.46 dollars raised (3.25m) for every dollar of revenue ($7m).

The worst performers here are companies like YayPay with $3.68 dollars raised ($14m) per dollar of revenue ($3.8m). Many of the worst performers just did a round of funding and haven’t had a chance to deploy to drive growth yet. That makes this data less valuable but still illustrative.