Placements: The journey from FUTA to Washington DC

by | Feb 6, 2018

You will recall that Placements.ng emerged winner of Pitch Storm at the inaugural edition of Techpoint Build. In what appears to be additional icing on the cake, no more than a week after, the internship opportunities startup was shortlisted to participate in the Diaspora Demo Summit in Washington DC.

The week long, intensive, all-expense-paid programme is organised by Tip Hub in partnership with Amazon and Facebook. The idea for the programme is to have a community of African startups in diaspora, to foster growth, collaboration and networking.

According to Placements CEO, Ayobami Oyaleke, of the many applications received, Placements is among only seven startups selected. For their involvement, they get to be mentored and also participate in scheduled visits to different talent accelerators in New York City and North Carolina during and after the programme.

Before Techpoint Build, Placements in November 2017 got admitted into an accelerator programme (which they are still a part of) organised by the German government aimed at bringing together 30 startups in Africa engaged in social works. The programme is in partnership with other companies across Africa, including CcHub, its West Africa partner. It was in fact during the programme at CcHub that Placements got a good grip of their business model, something which actually helped the startup to focus on the key metrics during the Pitch Storm at Techpoint Build.

Advertisement

IMG 20180206 135548

Ayobami pitching at Pitch Storm bootcamp

However, there is no undermining the impact of Techpoint Build in their current wave of milestones. Ayobami Oyaleke, who landed in DC last night and spoke to Techpoint via a phone call placed at midnight, Washington DC time, says, “ Techpoint Build gave us something very valuable — it gave us leverage. It may otherwise not have come that easily.

Presently there’s nothing we are looking for that we do not have. Maybe not $1 million but the Techpoint ₦1 million, along with the brand leverage has helped us positioned our business for the times ahead.”

His managing partner, Tayo Fagbohun, who remains in Nigeria, equally acknowledges the impact of Techpoint Build.

TECHPOINT BUILD Event 98 of 271

Tayo Fagbohun (L) with Ayobami at Techpoint Build

In hindsight, the story of Placements evokes memories of a humble beginning, one that many “now established” startups in the tech industry can relate with. From attempting to build recognisable tech companies early on from the university, from relatively obscure backgrounds, to finally making good on such bold ambitions, this has been the case for a few startups in Nigeria that have risen to prominence.

In the case of Placements, this dream started from the Federal University of Technology, Akure (FUTA). Thereafter, they setup actual operations in Ibadan where they honed their entrepreneurial skills. Both cities are in the Southwestern part of Nigeria with seemingly less advanced technology communities compared to Lagos.

While the story is different today, Placements would certainly not be judged by its background but by its milestones.

We at Techpoint are glad to have played a part in their present — and perhaps, future — success.

Advertisement

Ifeanyi Ndiomewese
Ifeanyi Ndiomewese

Ifeanyi is a desk reporter-turned administrator. Outside of work, I love to read and travel.


Are you in tech and you are looking at getting a foreign remote job or you want to move abroad? Fill this form and you will get the BEST resources to help you get that high paying remote job as well as japa easily! WAGMI!

Subscribe
Notify of
guest
4 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
Oladele Mayungbe
Oladele Mayungbe
4 years ago

Placements: The journey from Akure to Washington DC

Placements: The journey from FUTA to Washington DC

Akindunjoye Oluwatobiloba
Akindunjoye Oluwatobiloba
4 years ago

We are (at) Techpoint

Ifeanyi Ndiomewese
Ifeanyi Ndiomewese
Reply to  Akindunjoye Oluwatobiloba
4 years ago

Thank you Akindunjoye, it’s been corrected

Ayoola Emmanuel Obayomi
Ayoola Emmanuel Obayomi
4 years ago

great job. happy things are moving forward.
from FUTA to Washington DC

Recent News

TikTok on a “Branded Mission”

TikTok on a “Branded Mission”

On #TechpointDigest, we discuss Autochek’s new acquisition, TikTok’s Branded Mission, Bamba’s $3.2 million seed, and Jumia’s report for Q1 2022.

[PODCAST] Tax evasion in Nigeria to get harder

[PODCAST] Tax evasion in Nigeria to get harder

Using data mining and machine learning, Nigeria’s Federal Inland Revenue Service plans to make it harder to evade taxes. Listen to today’s episode of #TechpointAfricaPodcast to learn how it plans to do that.

Subscribe to Techpoint Digest!

A daily 5-minute roundup of happenings in African and global tech, sent directly to your email inbox, between 5 a.m. and 7 a.m (WAT) every week day!

Please check your email to confirm your subscription.

Subscribe to Blockchain Explorer

Analysis oninnovation, regulations, and trends inthe blockchain sector, as it concerns Africa

Please check your email to confirm your subscription.

Subscribe to The Experts

A bi-weekly where tech career specialists take us on their journey from newbie to expert, and how they became successful in the industry.

Please check your email to confirm your subscription.

Subscribe to Founder's Table

A monthly series, where we catch up with founders in the startup ecosystem, learn about their failures, successes and a few tricks of the trade

Please check your email to confirm your subscription.

Copy link
Powered by Social Snap