The telco’s fintech arm has launched a new Rent-to-Own smartphone programme, offering 4G and 5G-enabled devices for as little as R10 a day. What…
Fundamo Diaries — Raising capital for an African startup [Part 3]
The following article is part of a series of extracts from South African entrepreneur Hannes Van Rensburg’s upcoming book, “Cash In, Cash Out”. The founder and CEO of the fintech company, Fundamo, recalls the events that have helped shape the world’s mobile banking industry as we know it as well as those leading up to the company’s exit to Visa for a whopping US$110-million.
In this article, Van Rensburg takes us through his journey in Europe, looking for investors in Fundamo. While there were many precious lessons to be learnt for the entrepreneur, Van Rensburg recalls the difficulties faced by African startup looking for foreign investors.
