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Thursday, September 17, 2020

7 years after Nigerian Man, Echeruo sold his Company to Apple for 365 Billion Naira.

Many Nigerian are performing great all around the world.

However, there are some Nigerians who are showcasing their Talent Negatively, but this Nigerian Man named Chinedu Echeruo has made Nigerian proud. So, it's only right that we showcase the amazing man.

Chinedu Echeruo is a global Tech Entrepreneur (inc).

Chinedu Echeruo was born in the Eastern part of Nigeria. He went on to gain his secondary education at Kings’ College, Lagos and a B.S in Finance and Accounting (Honors) from Syracuse University.

He later earned an M.B.A. from the Harvard Business School in the United States.

Echeruo put his business degree to use while working at J.P Morgan Chase, an investment banking company.

There, he was involved in a broad range of M&A, financing and private equity transactions. He also worked with AM Investment Partners, a $500 million volatility-driven convertible bond arbitrage hedge fund.

In 2015, Echeruo started his software company , the Hopstop.com.

The idea to start a navigation service for pedestrians came after he got tired of getting lost in New York City’s transport system.

His frustration led to the invention of a service that would help people get door-to-door mass transit, walking, biking, and taxi directions from various parts of the country and other parts of the world.

HopStop covers over 300 cities throughout the U.S., Canada, Europe, and the United Kingdom, quickly made a name for itself in the location-based service industry.

The Innovation won Black Enterprise ’s Small Business Innovator of the Year Award in 2007 and was later named one of the top 100 fastest growing software companies in the United States.

By 2010, Echeruo’s service had grown 250% from $574,268 to $2 million in revenue and then an estimated $5 million in 2012.

The tech giant Apple Inc acquired HopStops for an estimated $1 billion(365 Billion Naira) in 2017.

Chinedu Echeruo is also the co-founder of the Love and Magic Company, a startup studio and an inventor of US Patent # 7,957,871, for Methods and Apparatuses for navigation in urban environments.