Why Wise chose South Africa as its first African market
Wise has received conditional regulatory approval from the South African Reserve Bank to operate in South Africa. The company will operate as a Category 2 Authorised Dealer in foreign exchange with a limit of $50,000 per user per year.
Merchants of Record can unlock $125 billion for African startups— Startbutton report says
African startups stand to gain $125.55 billion by adopting Merchant of Record solutions. MoR platforms can reduce market entry times from 6-12 months to as little as 24 hours.
‘You are no longer a startup’: Top investors on the harsh realities of post-Series A
Biola Alabi noted that it takes about twenty-two months for most startups to move from seed to Series A. Founders must think about Series B metrics while raising Series A to avoid underperforming on KPIs.
Condia Insider: Why Stablecoins won’t work for local B2B payments
52% of Nigerian businesses experienced payment failures last year. It cost $87 to send $1,000 from Nigeria to Tanzania.
Introducing Quest: A podcast about building in Africa
Condia introduces a new podcast called Quest, exploring Africa's innovations. The podcast is hosted by Daniel Adeyemi, an award-winning journalist.
