40% Of Startup Founders Still Feel investors Don’t Fully Understand Their Business – Wimbart Report
- 40% of startup founders feel investors don't fully understand their business or market.
- Funding in Africa has declined by 46% in 2023.
- 72% of investors have intensified portfolio reporting requirements over the last 18 months.
The findings of Wimbart's report underscore the critical need for improved communication between investors and startups in Africa's tech ecosystem. As the market becomes increasingly competitive, both parties must prioritize transparency and clarity in their interactions to foster trust and collaboration. This approach not only benefits individual startups but also strengthens the overall investment landscape in the region.
