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TECNO's Transsion Opens VC Fund in Africa

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TECNO parent company, Transsion, now investing $100k in new fintech, commerce, logistics and entertainment startups in Africa. Full details coming next month.

Transsion, which owns brands including TECNO and Infinix, will work with Wapi Capital to select startups from any country in Africa to receive individual investments of up to US$100,000.

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The arrangement, which is set to begin in September, is just the first step Transsion intends to take when it comes to investing in African tech startups, with the company also set to target companies in spaces such as ad-tech, e-commerce, logistics and entertainment

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