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Efayomi Carr

[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...

[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...

[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...

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[The Standard] Accelerating financial inclusion through the use of embedded finance

Originally posted on The Standard Embedded finance demonstrates an opportunity for fintechs, banks and lenders to create more tools and resources for those that may not have access to traditional banking. Until a few years ago, getting a loan from a bank was quite an arduous task. The banking and...

Efayomi Carr

[THISDAY] How a cashless Africa strengthens the economy of the continent

Originally posted on THISDAY The dream of a completely cashless Africa, where a Kenyan can trade easily with a Zambian despite the countries having different currencies and being in different economic zones, was a far-fetched reality less than a quarter of a century ago, and it was definitely a time...

Fintech in Africa

[Fintech Africa] Fintech Has Taken Off In Africa – Here’s Why It’s Not A Bubble

Originally posted on Fintech Africa Some of the most innovative models in fintech we’ve seen have come out of our Africa portfolio, such as the way Pula advanced embedded finance by bundling crop insurance with the seed bought by small farmers. This year, it seems the rest of the world...

Business Daily Africa - Efayomi Carr

[Business Daily Africa] Why embedded finance can build Africa's real estate

Originally posted on Business Daily Africa Africa's urban population has seen a boom over the last 35 years, with an increase in the number as well as the size of towns and cities, playing a key role in fostering rural-urban migration for millions of citizens who seek better fortunes and...