Fintech Startup
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A startup focused on providing embedded finance solutions to SMEs in East Africa.
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Can prediction markets fix a multi-billion-dollar information gap for African startups?
TechCabal - Feb 14, 2026
A fintech startup raised $35 million in 2023 to serve SMEs in East Africa but burned through the capital within 18 months. The startup's failure was attributed to a lack of accurate market information, particularly regarding pricing assumptions.
African Tech EcosystemPrediction MarketsMobile MoneyFintech StartupSports Betting Industry
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