Fixing Nigeria’s Lackluster Venture Capital Funding

I wrote on LinkedIn that a new trend is emerging where some foreign investors come into Africa, and offer one (unbelievable) key condition to some local fintech companies before they invest: you must move your operations to United States and re-incorporate as an American firm. The investors are helping themselves, and technically operationally supporting the companies, since running a fintech from U.S. offers a startup higher “credibility”, and access to further funding, over running one from most African cities. Also, all the industry compliance certifications are easier for U.S. entities to acquire when compared to the challenges of getting them … Continue reading Fixing Nigeria’s Lackluster Venture Capital Funding