Sublime

While there aren’t any scaled digital record-keeping companies in Africa, there are digital lenders. But since they don’t own record-keeping, they actually don’t have a good way of knowing who’s serious. As a result, they mainly target consumers instead of small businesses, because consumers need smaller, and therefore less risky, loans.

In Africa, where small businesses are the backbone of the economy, most businesses still use paper ledger books to record transactions. That means poor insights, lack of access to credit, and too often, failure.

There are 7 unicorns in Africa and 6 of them are Fintechs. https://t.co/21zCzNN98h

@fivethirtyfaek @DenehyXXL @fivethirtyfaek @Briter_bridges is dropping its Africa Investment Report for 2020 on Monday (free). I’ll DM it to you. We collaborated w over 70+ funds operating on the continent to produce an accurate resource for both entrepreneurs and new investors interested in this space. https://t.co/Ncxpbt9KhM

Local market conditions will undoubtedly continue to fluctuate. By targeting markets with sizable momentum at a given funding stage or within a particular vertical, both startups and their investors can gain a true edge.For example, TechCrunch recently analyzed African startup valuation trends and found more robust tailwinds out of Kenya than any... See more

$JMIA https://t.co/5tobeR3o91