|#525 MWAVC| — Sunday Reads 🗞️🗞️🗞️
Hi,
Welcome to MWAVC, a newsletter about finance, investing, venture capital and all that jazz. My name is Ato (more about me here and here) and I try to write every single day. Most of it is stuff I find interesting that I’d like to share and hear your thoughts on. If you’d like to sign up, you can do so here. Or enter you or your friend’s email above. Or just read on. 🤷🏾♂️
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Back with the Sunday Reads. About to work on this consistency.
Ghanaian fintech Dash raises $32.8M seed to build connected wallets for Africans: 🚀🚀🚀
Rihanna’s Lingerie Company Weighs IPO at $3 Billion Valuation: At least, now we know why the album hasn’t come yet. And for good reason.
Africa's Tech Opportunity with Fred Steiner, Managing Director, BCCM Advisors: Big bro, Fred gives an outline into how their fund is thinking through getting into private startup investing.
Why Crowdfunding platforms in Nigeria are failing: Welp. Be careful.
#48 Embedded B2B Vendor Lending in Africa - Can it Scale?: Solid article from the bro, Samora.
Chari to acquire the credit line of Axa Insurance for $22m: Definitely read the above article first, to understand why this opportunity works.
Mercury restricted a number of accounts linked to African startups and didn’t exactly say why: Old news but still quite relevant. Wondering if all issues have been resolved yet.
What is a "Moat" and why does it matter?: Following my recent binge of Warren Buffet’s story on Business Movers, had to remind myself what it means to have a moat in the digital space.
South African Fintech Startup, Floatpays Closes $4m Seed Funding Round: EWA startups are heating up in Africa. Probably the fifth one I’ve read about in the last couple of months? And a bunch of them went through YC? I’m just thinking of all the data YC is aggregating by seeing all these applications. Definitely have supreme insights into what’s going on in different sectors across the world and they can make some magic with that information.
Sign up to my cousin Yasbo’s newsletter, ChopLife Express btw AND listen to her podcast, Savings or Current. She’s already been dropping some serious gems, including this one on time management and this one on how the economy works.
Also, Afrobility Podcast is exactly what you need to be listening to for the deep-dives into Africa’s most note-worthy companies.
Recommended Substacks: Afridigest by Emeka; African Entrepreneurship Series by Jeph; Getthebrief by Loye and Fola.
📱📱Quote of the day
What’s not measured, cant be tracked.
Remember: “Until the lion learns to write, every story will glorify the hunter.”
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