In 2015, Femi Taiwo wasn’t planning to start a new company until he was duped by a company he outsourced a project to.
Already behind schedule, he found a company online that claimed it could execute the project. In the end, they couldn’t deliver and wouldn’t refund his money. He eventually lost over ₦300,000 (at that time about $1,500) made as a deposit payment in his desperation to deliver this project.
Back then, foreign freelance sites were not as popular as they are now. After that incident, he checked around and realized that the popular marketplaces – Konga, Jumia and others – were selling products but he couldn’t find a proper marketplace for services in Africa.
“So I decided we need to fix this problem, a lot of people will benefit from it,” he told me.
TERAWORK was created in 2017 as an online freelance marketplace where business owners and people needing professional services could outsource their tasks. Today, it’s often referred to as the “Fiverr for Africa.”
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