We Had Surpassed $1m In Revenue Before Raising External Capital- CEO, Renda

A fast-growing logistics and embedded services company, Renda, has revealed it crossed the $1 million revenue mark before securing any external funding, a rare milestone for early-stage African startups in logistics and tech.

Co-founder and CEO of Renda, Ope Onaboye, disclosed this at an event in Lagos recently.

He said, “We had surpassed $1 million in revenue before raising external capital. That milestone wasn’t just a financial achievement; it validated our product-market fit, operational model, and the size of the problem we’re solving.”

He spoke about the company’s growth trajectory: “We focused on real customer problems, monetised early, and scaled sustainably. We’re investing in technology and talent to replicate this success across more emerging markets.”

The company said, “Renda operates an asset-light, tech-enabled logistics platform serving enterprises and mobility operators.

Through its Fulfilment and SCALE business lines, the company connects businesses to warehousing, last-mile delivery, vehicle maintenance, and embedded financial services, without owning a single warehouse or truck. Since its launch, Renda has supported over 700 businesses across Nigeria & Kenya, including major names in e-commerce, retail, agriculture, and manufacturing. The company’s embedded approach, where logistics and essential services are bundled into a single platform, has made it a preferred partner for businesses seeking efficiency in fragmented markets. As Renda expands its reach beyond Nigeria & Nairobi, its profitable foundation and scalable model draw attention from investors, ecosystem stakeholders, and partners seeking to build resilient logistics and mobility infrastructure across Africa and other underserved regions.”