Africa’s crowdfunding context: starting up startups the African way

“Crowdfunding is the democratization of [funding] for startups.” People get the opportunity to directly vote with their wallets for the services or products they want. Though massively popular and hyped-up by the media in the US and Western Europe, where does it leave Africa? How has the continent adopted its philosophy to its own advantage, and is it successful?

Starting up startups the African way

Out of all the sites we could find, there are as many as three in South Africa namely StartMe, FundFind and the most recent ThundaFund to provide micro financing platforms. In Nigeria there’s StartCrunch while Kenya has M-Changa. In Ghana there is SlizeBiz that focuses on angel investments as well as obtaining micro finances through the general population.

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