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MASSACHUSETTS INSTITUTE OF TECHNOLOGY Legatum Center for Development & Entrepreneurship

Entrepreneurs

The Legatum Center supports entrepreneurs all around the world through the Fellowships and Grants

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Quadri Oguntade

Mastercard Foundation & Jacobs Foundation 2019 - 2021
From:
Nigeria
Sector:
IT/Telecom
Location:
Nigeria
Degree:
MBA, Sloan School of Management

Quadri’s venture, Duma, is a B2B marketplace that enables entrepreneurs in Nigeria to buy and sell quality products through an integrated mobile app platform. There are 41.5 million micro, small, and medium scale enterprises in Nigeria, the majority operating in the informal sector. They face challenges with regards to sourcing quality products and cheap finance, making it difficult for them to win customer trust and generate sales. Duma aims to solve these challenges by creating a platform that verifies suppliers and connects them with entrepreneurs so that they can get access to quality products at an affordable price. On the mobile platform, the business transactions of these SMEs are also documented so that we can we can advise and create a credit profile for them, which will help them get access to finance.

Quadri formerly worked as a Management and Technology consultant at Deloitte, where he helped Fortune 100 organizations innovate, transform and use data analytics to bring bold strategies to life. He also serves as the VP of Technology for Bright Future, which aims to improve the quality of education for students lacking access to electricity by providing an alternative source of light, starting with an integrated LED pen product. In his spare time, he serves as a volunteer at Engineers Without Borders, where he helped design a renewable energy system that powers a library used by 1,600 villagers living in Panama who lack access educational resources. He earned his Bachelor and Master of Science degrees in Electrical Engineering from the North Carolina State University and will be completing his MBA and MPA degree at the MIT Sloan School of Management and the Harvard Kennedy School.

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