Scrella, a Lagos-based device insurance start-up, has been included in BusinessDay’s 2025 list of the top 100 fastest-growing small and medium-sized enterprises in Nigeria, a ranking that tracks expansion, innovation and sustainability among locally operating firms.
The annual list, compiled by BusinessDay, assesses companies using indicators such as revenue growth, scalability, market reach and product innovation.
Founded in 2023, Scrella operates in Nigeria’s emerging insurtech sector, offering smartphone insurance products through a fully digital process. The company says it uses automated systems, including artificial intelligence-powered remote inspections, to reduce the need for physical verification and in-person customer interactions.
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Unlike traditional device insurance models, which typically focus on new purchases, Scrella provides cover for both newly acquired and already-in-use smartphones. The company says this approach broadens access to device insurance in a market where high replacement costs and limited coverage options remain a challenge.
The start-up positions affordability and accessibility as core elements of its operations, with products structured to accommodate users across different income levels.
Scrella was founded by Gbenga Adigun, who previously worked in banking and asset management before moving into construction and logistics. He spent more than a decade at Guaranty Trust Bank and ARM, and currently serves as founder and co-chief executive of construction logistics firm Rebar Perfecta.
Speaking on the recognition, Adigun said the inclusion reflected the company’s early progress in building a technology-enabled insurance platform tailored to local market needs.
Scrella said it plans to expand its customer base and continue developing its digital infrastructure as it scales its operations within Nigeria’s growing digital economy.
