With an 80 percent failure rate in small businesses and over 11 million unemployed youths in Nigeria, Ogheneruona established Servicemart, a social enterprise that digitalize small to medium sized businesses (SMEs) using low cost mobile technology for connectivity and data processing.
Servicemart creates a global market reach, free cash flow and data analysis tools (using machine learning algorithm) for SMEs, ensuring that businesses have at least a 55 percent survival rate.
Ogheneruona’s vision is to support the growth of 100,000 SMEs, and by extension create jobs for 1million Africans by the year 2030. Currently, SMEs are responsible for 50 to 60 percent of all jobs created in Africa.
2019, Africa - Middle East - Pakistan, Global Finalist