In a significant achievement for Nigeria's technology-driven insurance sector, Scrella, a device insurance company, has secured a spot on the prestigious 2025 BusinessDay Top 100 Fastest Growing Small and Medium Enterprises (SMEs) in Nigeria. The recognition highlights the company's rapid growth, innovative approach, and strong market relevance since its establishment.
Innovation at the Core of Scrella's Success
Founded in 2023 by entrepreneur Gbenga Adigun, Scrella operates in the burgeoning insurtech space. The company's mission is to transform device protection by leveraging technology to make smartphone insurance more accessible and efficient. A key differentiator is its use of artificial intelligence for remote device inspection, a process that completely removes the need for customers to undergo physical assessments or submit extensive paperwork.
This AI-powered, no-appearance sign-up process is designed to eliminate traditional friction points, offering unparalleled convenience. Scrella's model is inclusive, providing coverage for both brand-new and already-in-use smartphones. This strategy intentionally broadens the market beyond just first-time buyers, enabling a wider segment of the population to access device protection they might have been excluded from under conventional insurance schemes.
Leadership and Strategic Vision
The driving force behind Scrella is its founder, Gbenga Adigun, whose diverse professional journey spans over 12 years in financial services at institutions like Guaranty Trust Bank and ARM, followed by a move into construction and logistics in 2020. He is also the Founder and Co-CEO of Rebar Perfecta. Adigun conceived Scrella as a direct response to the challenges of electronic device preservation and the untapped potential of applying AI to everyday consumer needs.
Affordability and financial inclusion are central pillars of Scrella's operations. The company structures its insurance products to be accessible to users across various income levels, aiming to allow more Nigerians to safeguard their devices without facing undue financial strain.
Recognition and Future Trajectory
The BusinessDay Top 100 ranking is determined through rigorous criteria including revenue growth, scalability, innovation, market expansion, and business sustainability. Scrella's inclusion is a testament to its impressive early-stage performance within Nigeria's competitive technology and financial services ecosystem.
Reacting to the honour, Gbenga Adigun described it as a crucial milestone in the company's growth journey. Looking ahead, Scrella has stated its commitment to strengthening its technological infrastructure, expanding its customer base, and maintaining a sharp focus on accessibility and trust as it continues to scale its operations within the nation's digital economy.
