Business: African tech startups are beating the pandemic’s odds and racking up multimillion-dollar exits

Last updated on September 11th, 2021 at 08:24 am

When modern versions of African tech ecosystems started out taking structure a decade ago, the big, existential question used to be about where investment would come from.

As successive years of record-breaking funding signaled investor conviction in the promise of the continent’s startups, the topical focus quickly shifted with greater scrutiny paid to simply how quickly traders may want to count on profitable exits. Yet, amid the tumultuous occasions of a global pandemic that has triggered a health crisis and huge monetary uncertainty, that query is an increasing number of being answered.

Over the direction of the year, information of multi-million dollar acquisitions have made headlines throughout African tech ecosystems, such as the $288 million buy of DPO Group, a payments services company for African businesses, by using Network International, a Dubai-headquartered payments giant.

(Africanbusinesscentral)