Fintech In Financing: Why Sweat Equity as Collateral is winning in Africa
The New-ish World of Sweat Equity as Business Collateral. Sweat equity is when Business owners use their time and effort to contribute to the success of a company. Traditionally Businesses use assets like land, deposits, and housing to get loans. When a business is...
Unboxing Intra- African Payments: Why Payments is fragmented in Africa.
Picture this: You live in Africa and you want to buy a box of aromatic coffee beans from Ethiopia or quality leather from Northern Nigeria. You finally locate a Seller and you want to make Payments. These are likely scenarios that could play out: You will be unable to...
What is Debt Funding?
REASONS A FINTECH WOULD CONSIDER IT AS A CAPITAL OPTION Fintechs have different ways of raising capital to explore business opportunities. These are some of the reasons Fintechs raise money: – To explore the initial idea which might require a lot of R&D...