Taxonomy

Efayomi Carr

CNBC Africa: Efayomi Carr Discusses New Survey on African Startup Founders

Summary The biggest external stress factors for founders in Africa today are raising funds, inflation, and currency devaluation, among other macroeconomic challenges. That’s according to Flourish Ventures' latest survey, which shows that only 17 percent of founders are completely comfortable having an open conversation with their investors while noting that...

State of African Founder Wellbeing Survey 2024

[kmdg_builder_block id='52510'] While founder motivation is high, the journey is often stressful and intense. Resilience and wellbeing are becoming essential strategies for founders and investors to ensure sustainable growth and better business outcomes. Flourish conducted the first large-scale survey on founder wellbeing in Africa. In this report, we highlight: 01 ...

[WeeTracker] 2023 Lessons & 2024 Outlook: From Early Investors In Africa’s Highest-Valued Startup

As the curtain draws on a year during which the tech landscape in Africa took on unprecedented challenges yet unlocked opportunities, understanding the lessons learned from 2023 and predicting the trends for 2024 becomes pertinent. By Henry Nzekwe | December 28, 2023 Originally posted on WeeTracker Flourish Ventures, a global venture...

[Benjamindada.com] Why founders should ignore the noise and focus on the fundamentals

Efayomi Carr shares lessons for African startups from Apollo and Flutterwave, potential solutions to their challenges, and his long-term vision as a venture capitalist. Article originally posted on Benjamindada.com Efayomi Carr has had the most multifaceted career one could ever ask for, transitioning from his role as an associate at...

[Techeconomy] Five Things African Startup Founders Raising Money in 2023 Must Learn

Article originally posted on Techeconomy In this article titled Five Things African Startup Founders Raising Money in 2023 Must Learn, Efayomi Carr, Principal at Flourish Ventures, a global venture capital firm, discusses what African startup founders should do to attract funding during the prevailing economic downturn: The potential for startups in Africa is...

[Flourish Focus] A One-on-One with Sherine Kabesh, Co-Founder & Head of Marketing, Flash

How Flash's Female Founder is Driving Digital Payments in Egypt In Egypt, approximately 80% of payments are made in cash. With cash-on-delivery (COD), goods are delivered at all times of day and night which means customers must be there with cash on hand to receive their purchases. There are no...

Portfolio

Embedded Finance

[TechCabal] Flourish Ventures wants to create systemic change and build fair financial systems in Africa

Efayomi Carr, principal at Flourish Ventures, talks to TechCabal about what he has learned from investing in Africa, how Flourish Ventures invests, and his view on the current state of the African funding landscape. By Muktar Oladunmade Interview originally posted on TechCabal Although he’s Sierra Leonean and was mostly raised in...

Portfolio

Frontier

[Techbuild.africa] Corner Stores – An Essential Sales Channel Across – Are Evolving With Digital Tools

Originally posted on Techbuild.africa In many African countries, corner shops are woven into the fabric of local communities. Their role in the economy is often underestimated. Globally, small and informal retailers make up a $900 billion industry. They are even more indispensable in Africa, representing 70% of all grocery sales...

Efayomi has seen firsthand how startups catalyze innovation and unleash opportunity for communities. He brings experience in entrepreneurship, social impact and finance to his role at Flourish, with a focus on Africa. Before Flourish, Efayomi was Head of Strategic Finance for Lori, a tech startup building cost-saving market infrastructure for...

[Bitcoin KE] The Celo Africa Web3 Fund Inaugural Event Kicks Off in Kenya – Next Stop, Nigeria

Originally posted on Bitcoin KE By CryptoGuru This is the first of a series of 4 events set to take place over the next 4 months of 2022 as Celo seeks to help Web3 projects access the needed funds to either launch or build their solutions on the Celo...