Daba Partners with Fundr to Expand Access to African Investment Opportunities

3 min Read August 20, 2024 at 1:22 PM UTC

This collaboration aims to make African investment opportunities accessible to accredited US investors through Fundr’s innovative platform.

Miami and New York, USA – Daba, Africa’s premier multi-asset investment infrastructure provider, today announced a strategic partnership with Fundr, a leading US-based startup investment platform. This collaboration aims to make African investment opportunities accessible to accredited US investors through Fundr’s innovative platform.

Daba offers a comprehensive suite of investment products, including a real investing app for individual investors, institutional services, and APIs for tech companies to integrate savings and investing products.

Fundr’s platform uses data and AI to empower decision-making, remove bias, and increase efficiency in seed investing. It works with investors of all sizes to analyze investment opportunities, optimize their investment process, and provide real-time deep insights into their portfolios.

“This partnership with Fundr aligns perfectly with our mission to democratize investing in Africa,” said Boum III Jr, CEO & Co-founder of Daba. “By leveraging Fundr’s investor network, we can connect more global capital to the exciting opportunities emerging across the African continent.”

Lauren Washington, CEO of Fundr, commented, “We’re thrilled to partner with Daba to bring high-quality African investment opportunities to our platform. This collaboration offers our investors unique access to one of the world’s fastest-growing markets, further diversifying their portfolios.”

The African venture capital ecosystem has seen remarkable growth in recent years. According to available data, venture capital funding in Africa has seen a remarkable surge in recent years, growing by 1,597% from $277 million in 2015 to $4.7 billion in 2023. This surge in investment activity reflects the continent’s burgeoning tech startup scene, driven by a young, tech-savvy population and increasing smartphone penetration.

Africa’s demographic dividend and rapid digital transformation present a compelling investment case. With over 60% of its population under the age of 25 and mobile internet users expected to reach 475 million by 2025, the continent is poised for continued innovation and growth. Sectors such as fintech, e-commerce, and cleantech are particularly attractive, offering solutions to local challenges and opportunities for scaling across borders.

Daba and Fundr are committed to ensuring a smooth integration process and providing comprehensive support to investors interested in exploring these new opportunities. As the partnership develops, both companies plan to host joint webinars and events to educate investors about the African market and showcase promising startups from across the continent.

About Daba

Established in 2021, Daba is Africa’s leading multi-asset investment and financing platform. The company is dedicated to unlocking the continent’s full investment potential by providing a unified platform for individuals and institutions to access high-quality investment opportunities across African markets.

About Fundr

Fundr is a US-based startup investment platform that simplifies the process of investing in early-stage companies. Through its smart algorithm and streamlined processes, Fundr offers investors instant diversification, access to vetted startups, and efficient portfolio management tools.

For more information, please contact:

Daba