An Igbo proverb says “Oge adighi eche mmadu” [Time and tide wait for nobody].
No matter what you do, pay attention to the technology-anchored cambrian moment taking place in major African cities. New species of companies are emerging and they will disrupt the ordinance of markets and economic architectures.
Because time and tide wait for none, even if you pay zero attention, this future of unbounded entrepreneurial capitalism is certain. #TakeAction.
Join us at Tekedia Live – this is a case study application of technology in the healthcare sector. We will be showcasing many startups as we get ready for Tekedia Innovation Week which begins on Monday.
Dear Sir/Madam,
Nigeria’s fintech company, TeamApt, is evolving as a unicorn, valued at least $1 billion.The startup focuses on developing digital banking, business solutions and payments infrastructure. When the deal closes as reported by Bloomberg, this will bring to six the number of unicorns in Africa*: Interswitch, Andela, Flutterwave, OPay, Wave and TeamApt. We project 15 unicorns in Africa by 2023; India has birthed 28 in 2021 alone!
At Tekedia Capital, we understand this cambrian moment and are working very hard to see that we capture some of the great market gains of this age. The numbers we’re seeing in our startups give us confidence.
Technology is the accelerant that will advance all industrial sectors because every business is increasingly a technology business. As we close the round for this investment cycle of Tekedia Capital Syndicate tomorrow (Wed, Nov 17, 2021), we thank you for your partnership.
If you want to join our Syndicate, click here and join. We will ensure you have the time to look at the startups and invest.
In Africa, very soon, unicorns will become common.
Regards,
Tekedia Capital Team
capital@fasmicro.com
Nigeria’s fintech company, TeamApt, is evolving as a unicorn, valued at least $1 billion. People, this is indeed a cambrian moment of entrepreneurial capitalism in Nigeria. TeamApt is a fintech company which focuses on developing digital banking, business solutions and payments infrastructure.
Nigerian tech startup TeamApt Ltd. is in the market raising its third round of funding at a value of more than a $1 billion, which will result in the fintech firm joining a spate of Africa-tech companies to become so-called unicorns.
In Tekedia Capital, we see some of our portfolio companies to join this club by 2023; one in the current active cycle has a huge chance. Technology is the accelerant that will advance all industrial sectors because every business is increasingly a technology business.
People, Africa* now has six unicorns as I write, assuming that TeamApt closes the deal: Interswitch, Andela, Flutterwave, OPay, Wave and TeamApt.
I expect this number to hit 15 by the end of 2023 (India has minted 28 so far in 2021). Andela is another non-fintech in that list after Jumia, an ecommerce, until it exited the private club. MENA’s Careem which Uber acquired was also in that club.
Every kid who grew up when I was growing up in Ovim, Isuikwuato LGA, Abia state, wanted to be a military officer. We continue to serve in many ways as Ovim has that tradition of military service, giving Nigeria some of its finest warriors: Admiral Kalu, General Nwachukwu, Navy Commodore Duruoha, General Ihejirika, etc.
Today, it was an honour to be one of those who led the course 30 in the National Defence College for officers from more than 20 countries. I wish PEACE to the world.
Service. Duty. Honour.
