There hasn't been much funding for African regtech startups. There isn't much press either because sectors that aren't getting the attention of investors are typically quiet. Now, however, there's a new spur for not only regtechs but also govtechs operating in the continent.
Global Voice Group—a global provider of ICT and regulatory technologies for governments and regulatory bodies—announced this month that it's open to backing African tech startups with up to USD 300 K, with the average investment size between USD 30 K and USD 100 K.
Though GVG is on the lookout for African startups with obvious synergies with its core business, it has opened a special curtain for regtechs and govtechs to walk through and get funded—mostly likely making it the first ever funding initiative that significantly considers the potential of such early-stage firms in Africa.
GVG has its main offices in Spain and South Africa but operates in 7 other African countries. The company collects and ana...
Want to read the whole story?Login or choose any one option from our subscription list below to access our stories.