Next Wave: Venture debt’s role in Africa’s startup ecosystem
Decline in VC deals and a tough macroeconomic environment have posed challenges for the African startup ecosystem. Venture debt is gaining traction as it provides working capital without diluting ownership.
Next Wave: Unfortunately, startups that go into administration are basically dead
The administration of a startup often leads to the closure of the business due to financial obligations and the inability to repay creditors. Funding and market fit are identified as two major hurdles for startups, with a lack of financing and failure to conduct market research being common reasons
