Daba partners Fundr to enable US investors back African ventures

STARTUP VENTURE CAPITALAugust 20, 2024 at 2:54 PM UTC

TLDR

Daba partners with Fundr to bring African investment opportunities to US accredited investors.
Daba provides diverse investment products and services, including a user-friendly investing app and institutional solutions.
Fundr utilizes data and AI to streamline decision-making and enhance seed investing for investors of all sizes.

Daba, Africa's leading multi-asset investment infrastructure provider, is working with US-based investment platform Fundr to make African investment opportunities accessible to accredited American investors through Fundr.

Daba offers a wide range of investment products, including a real investing app for individual investors, institutional services, and APIs that enable tech companies to integrate savings and investing products into their offerings.

Meanwhile, Fundr’s platform leverages data and AI to enhance decision-making, eliminate bias, and improve efficiency in seed investing. It supports investors of all sizes by analyzing opportunities, optimizing the investment process, and providing real-time insights into their portfolios.

Key Takeaways

The African venture capital ecosystem has experienced significant expansion, with funding soaring by 1,597%, from $277 million in 2015 to $4.7 billion in 2023. This dramatic increase underscores the continent’s flourishing tech startup landscape, fueled by a young, tech-savvy population and rising smartphone penetration. Africa's demographic dividend, coupled with rapid digital transformation, makes it an attractive investment destination. With over 60% of the population under 25 and mobile internet users projected to reach 475 million by 2025, Africa is well-positioned for sustained innovation and growth in the coming years.

Startup

Daba

Fundr

Venture Funding

Partnership

Fintech

Startup Funding

Venture Investing

Investments

Finance