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Daily Digest Monday 16 November 2020

Funding In Africa

MultiChoice Acquires 20% Stake In BetKing For US$116m

DStv packages include live English soccer, while MultiChoice agreed to a deal with Walt Disney earlier this year to add two ESPN channels showing US pursuits such as basketball. Read more

Funding In West Africa

Tech Startup Xend Finance Secures US$1.5M, Launches First DeFi Platform

In addition, Xend has secured a US$1.5 million investment round from Binance Labs, Google Developers Launchpad, AU21 Capital, Ampifi VC, JUN Capital, TRG Capital, and Matic Co-founder, Sandeep Nailwal. Read more

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Latest News

Ibnsina Pharma Secures 75% Stake In Online Marketplace 3elagi Tech

The new partnership will promote the growth of 3elagi Tech, accelerate the startup’s digital transformation, and strengthen its digital footprint while providing people access to medication without having to leave their households. Read more

Opinion Corner

Why Only 14 West African Startups Raised $10m+ From 2010-2020

She is of the opinion that Africa’s harsh business environment made it difficult to create Unicorns, she encouraged founders to try to build more Gazelles. “It might be a better option to set lower revenue expectations and have startups list on local exchanges to raise capital from IPOs when they’re ready. We may be able to create more Gazelles at home than Unicorns abroad,” she said. Read more

GetFundedAfrica’s mission is to uplift people and economies in Africa through entrepreneurship; helping companies find funding, grow, create jobs and solve society’s greatest challenges

Guest Contribution, GFA Attract & Application Portal For Funding

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Guest Contribution: Disruptive Digital Solutions Is Rewiring The DNA Of Banking

Imagine a bank whose customers can tap on a wearable device to make a payment, regularly receive updates on changes they could make to their investment portfolio through AI-generated insights. Read more

GFA Attract Interview

Victor Boyle-Komolafe, the co-founder of Garbage In, Value Out (GIVO), a system that automates and digitises the collection, processing, and sale of recyclable materials. Watch Here

Apply For Funding

GetFundedAfrica provides equity capital from $1,000 to $50,000.
For larger amounts (Above $50,000)
we organize syndicated funding rounds of up to $500,000.
Apply Here

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One thing I always tell myself and made my philosophy is to admit when I need help and I always find somebody to help. It’s crucial to admit it when you are wrong and never make the same mistake again.

— Nkemdilim Begho, Future Software Resources Limited, Nigeria.

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