Overview
Itana is a Lagos-based technology company that has developed a digital free zone platform. The platform enables businesses to operate in Nigeria without requiring a physical presence in the country, addressing operational and regulatory barriers to market entry.
The company targets businesses seeking to operate in Nigeria whilst managing the complexities of local regulatory requirements and physical infrastructure costs. Digital free zones represent an approach to reducing friction for companies entering African markets by providing regulatory frameworks that allow remote operations.
Activities and products
Itana's primary offering is a Digital Free Zone Platform. This platform facilitates business operations in Nigeria for companies that do not maintain a physical office or presence within the country. The specific technical capabilities and service offerings of the platform have not been detailed in available verified information, though the platform is designed to address regulatory and operational requirements associated with Nigerian business registration and operation.
Stage and funding
Itana secured $2 million in pre-seed funding in September 2023. The company was founded in 2022 and operates at seed stage. According to available information, the platform was planned to go live in the first quarter of 2024. The founding team comprises Iyinoluwa Aboyeji, Luqman Edu (CEO), and Coco Liu (COO). Details regarding specific investors in the pre-seed round have not been verified.
Photograph: Proxyclick Visitor Management System / Unsplash
Company details
- Legal name
- Itana
- Website
- www.itana.africa
- Headquarters
- Lagos, Nigeria
- Founded
- 2022
- Sector
- Digital Free Zone
- Funding stage
- Seed