Y Combinator Cut Back On African Startups, But New Plan Spells Rebound
Y Combinator has backed over 100 African startups, including Flutterwave, Paystack, and Wave. The number of African startups accepted into YC dropped by more than half, from 24 in W22 to only 3 in W23.
5 Biggest Tech Companies Coming Out of Africa
Carry1st is pioneering gaming and digital content in Africa, focusing on inclusive games and cryptocurrency integration. Paystack revolutionizes payments in Nigeria, providing seamless payment solutions for over 60,000 businesses.
Exclusive: Thepeer returns $357,000 as investors move on from demands for an audit
Thepeer shut down in April 2024 and returned $357,960 to investors in June. The startup raised $2.1 million in a June 2022 seed round but had only $450,000 left when it shut down.
"Corporate governance should not be portrayed as a burden for startups" — Dotun Olowoporoku, Managing Partner, Ventures Platform
Paystack launched in 2015 when online payments were not common. Ventures Platform aims to invest in market-creating innovations.
Kola Aina’s Ventures Platform Is Doubling Down On An Ambitious Gameplan
Ventures Platform has released its 2023 Impact Report, highlighting its role in Africa's tech ecosystem. The firm's unique approach to crisis management and its focus on market-creating innovations and gender diversity contribute to its success.
