Far Lands

Funder Likes & Funding Gaps Force African Startups To Be ‘Foreign Local Firms’

By  |  August 5, 2020

Flutterwave, Tala, Paga, Paystack, Hotels.ng, Syncommerce, Breadfast, Andela, Branch, Hourspent, Truzo, Jumia, and perhaps many more. 

What do all those names have in common besides being tech startups that operate in Africa? Answer: They are all incorporated abroad (outside the countries where they operate), and are technically foreign companies by virtue of their registration. 

Most Read


Not Just Capital: JICA’s Unorthodox DFI Playbook to Develop Africa’s Mid-Market

The hype has faded. Africa’s startup scene isn’t dead, but it’s definitely sobered


Profit Over Hype: How Cellulant is Redefining Fintech Success in Africa

For the last decade African Fintechs have garnered a lot of attention from


How One Fund’s Quiet Strategy Birthed South Africa’s Biggest Tech Exits

It’s not often that a South African startup makes headlines in Silicon Valley