As a partner or investor, your assets and networks give our startups a unique edge. Your expertise, data, market insights, relationships, credibility and capital become startup superpowers. To build unicorns, you need to think outside the box and accept that risk and failure are part of the journey. We don’t copy/paste the Silicon Valley model and expect it to work. We’ve learned from decades of local experience in building ventures.
They want you to feel accepted for who you are and to feel safe, valued and to help them build a culture of true belonging. Experian is proud to be an equal opportunity employer and they take affirmative action to create a more inclusive and equitable world of work. Now a freelance health and food writer, Carrie worked as a nurse for over a decade.
Part of the reason why the startup space in Africa is growing is due to organizations and the government providing support to entrepreneurs. The number of fundraising transactions has more than doubled, and companies on the continent are increasingly receiving large-ticket rounds of over $5 million. African companies raised a total of $725.6 million in 458 transactions, setting a new record. Launching a startup can be extremely demanding of your time, effort, and resources.
Read more about buy Insta Likes here. Only 20% of venture cash into startups came from Africa-based investors. The stark difference in cost of capital between African credit markets and the global north tilts the scale in favor of transatlantic investors. It is only now that a cream of local founders are beginning to show exits and could potentially become investors themselves. These founders are innovating across the education technology space—an industry vertical that refers to companies developing software and hardware solutions to enhance teaching practices and improve learning outcomes for students.
It appears that investors far and wide have taken the recent emergence of Unicorns across the continent as "proof of concept" that Africa is ripe for scalable tech investments. This growing investor confidence is reflected in the rapid increase in capital invested on the continent. A new class of investors from outside the continent who, in the past, would primarily look at later stage de-risked deals, also seem to be taking part in much earlier rounds.
In The Generalist’s coverage of Nubank and Mercado Libre, we discussed how tricky Latin American companies find the transition from a single market to continental dominance. Differences in language, regulatory bodies, and cultural norms mean that running a neobank in São Paulo is very different from doing so in Mexico City. Earlier this year, Nigeria’s Central Bank forbade financial institutions from holding, trading, or transacting with cryptocurrency. That move came in response to a huge uptick in crypto trading volume in the country last year, with regional exchanges like Yellow Card growing volume by 1,840%.
More than $2bn will be invested in building a port, a railway and a road to facilitate mining and open up the southern and central part of Guinea. Sokowatch, a start-up that sources goods for informal retailers, was featured in Fast Company’s ‘World’s Most Innovative Companies’ ranking for 2021. The firm founded by US-born entrepreneur Daniel Yu has proven that sound inventory management can translate into less waste, while putting more into the pockets of merchants, no matter their size – and all with the help of an algorithm. Sendy raised a $20MM Series B in January 2020 and has used that money to begin their expansion into West Africa. Staying in the HealthTech sector, Helium Health is another African startup you need to watch in 2021. MPharma was founded in 2013 with the mission of bringing safe and affordable medicine to the African continent.