Taxonomy

Africa

Why We Invested in Zone: Redefining How Payment Infrastructure Works in Africa

If trying to pay via a POS machine, the odds of transaction failure are roughly 1 in 6. At the heart of these transactions is…

[TechCabal] Blockchain payments startup Zone raises $8.5m in first funding as a standalone business

Zone, a Nigerian blockchain startup that helps banks and fintechs process payments, has raised $8.5 million, its first VC funding since it became a standalone business in 2022. Until 2022, Zone was part of its parent company Appzone. Originally posted on TechCabal Flourish Ventures and TLcom Capital, a pan-African venture...

[TechTrendsKE] VC firm Flourish Ventures launches African Founder Well-Being Survey

Flourish Ventures, an early-stage global fintech venture capital firm has announced the launch of a first-of-its-kind research effort named The African Founder Well-being Survey. Originally posted on TechTrendsKE The research has been launched in collaboration with local ecosystem partners and research partner Startup Snapshot, Flourish is surveying VC-backed founders in Egypt,...

[Disrupt Africa] Why has African tech startup funding declined so badly, and what happens now?

After bucking global trends in a record-breaking 2022, African tech saw a reset of sorts in 2023, as the global capital shortage began to bite. The number of funded ventures, and the total funding raised, declined for the first time since 2016, though not as dramatically as many had feared....

[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...

[The Africa Report] Flourish Ventures MD Arjuna Costa targets next generation of unicorns

Flourish Ventures has secured $350m in new funding from the family office of eBay founder Pierre Omidyar. By David Whitehouse Flourish Ventures, which invested in Nigerian unicorn Flutterwave in its first seed round in 2017, will be seeking to unearth new unicorns as it deploys $350m in fresh capital, managing...

[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...

[WeeTracker.com] Africa’s Tech Startup Scene Contends With Lingering Gender Gaps

The lack of gender diversity both within startup teams and funding rounds in Africa’s startup ecosystem remains an issue that doesn’t seem to be going away, a new report suggests, highlighting the continued struggles of women-led businesses in finding their feet in the face of gender bias. Originally posted on...