Fluent Ventures’ Alexandre Lazarow wants to invest in locally adapted globally business models
Fluent Ventures is deploying $40 million to support 22-25 startups in fintech, healthtech, and e-commerce. Lazarow's investment thesis emphasizes the need for local adaptation in startup models to achieve success.
Verve expands global reach with Temu, challenging Jumia’s stronghold
Verve cardholders can now shop on Temu and pay in local currencies. This partnership simplifies cross-border transactions for African shoppers.
Why we left Tunisia and South Africa in 2024 – Jumia
Jumia ceased operations in South Africa and Tunisia in October 2024. The exit was driven by political and economic developments impacting consumer spending.
Chowdeck restructures workforce amidst Ghana expansion Plans
Chowdeck reduced its contract workforce by 68% as part of operational streamlining. The company has automated processes, allowing teams to operate with significantly fewer staff.
