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Articles by Ameya Upadhyay
Egyptian Fintech Flash Raises $6 Million Seed Round to Revolutionise Cashless Payments
Flash, Egypt’s new cashless payments app, has completed a $6 million seed round led by Addition with participation from Flourish Ventures and other strategic angel investors. This funding will be used to accelerate the startup’s product development and customer & business acquisition in Egypt. Flash has also obtained approval from the Central Bank of Egypt in partnership with Banque Misr to operate as a technical payment aggregator.
Helping Smallholder Farmers Grow in Africa: Why We Invested in Apollo Agriculture
Africa’s agricultural output is much lower than its potential. Africa has a quarter of the world’s agricultural land but produces less than a tenth of its food. In comparison, China has 10% of the agricultural land and produces 20% of the world’s food supply. There are several complex reasons for this. One of them is the lack of right inputs. Agriculture in Africa is reliant on 65 million smallholder farmers who have limited access to farm machinery and quality seeds and fertilizers.
FinTech startups need to move away from payments and credit
More than 70% of FinTech venture funding in Afrika has gone to retail payment and consumer credit startups. This is nothing new: payments are ubiquitous and digitizing them clearly saves time and money. In turn, payments startups become attractive to venture funds looking for businesses that solve a real problem and can scale. Consumer credit, particularly small-dollar or "nano-credit", is a natural adjacency for payment companies and investors.
FinTech Investing in Africa: Beyond retail payments and nano-credit
More than 70 percent of FinTech venture funding in Africa has gone to retail payment and consumer credit startups. This is nothing new: payments are ubiquitous and digitizing them clearly saves time and money. In turn, payments startups become attractive to venture funds looking for businesses that solve a real problem and can scale. Consumer credit, particularly small-dollar or “nano-credit”, is a natural adjacency for payment companies and investors.
Investing in Africa’s future champions
Produced by Maritz Africa Intelligence specifically for the NTU-SBF Centre for African Studies, a trilateral platform for government, business and academia to promote knowledge and expertise on Africa, established by Nanyang Technological University and the Singapore Business Federation. The original document can be downloaded here. “A Moroccan startup that competes with Facebook and Google. Why not? An African technology company that will change the lives of millions. Why not?
The Latecomer Edge: How Myanmar is Fast Tracking Mobile Money Adoption
If any country needed to get mobile money right, it’s Myanmar. More than 70 percent of its 53 million people have never used formal financial services. Most live in remote areas and would likely never be reached by brick-and-mortar banks, even if the branch network grew exponentially.
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