In an email interview with Bloomberg, venture partner at 500 Startups, Andrea Barrica said, “would like to invest in at least one to two Nigerian tech companies in the next year. Nigeria’s ‘big population and increasing access to technology and payments’ make it an attractive market”.
These “one or two” startups will join 10 others across the continent — in Egypt, Ghana, Kenya and South Africa — which 500 Startups already has investments in. According to Barrica, the firm plans a $200 million fund to invest in such opportunities around the world.
Newsbites: Spotify in Africa
On March 25, 2021, Techpoint Africa will be hosting the brightest minds in decentralised finance/crypto at the Digital Currency Summit tagged “Building the money of the future” Click here for more details, registration and sponsorship. Location: Fourpoint by Sheraton, V.I. Lagos.