Digital Nomads: The first-time founders seeking global mobility for a chance at being funded
- Victor Daniyan pitched his product, Nearpays, to a panel of experienced judges but faced a visa delay that prevented him from attending the event.
- Daniyan has bootstrapped Nearpays for two years without returns, but the startup began gaining traction last year.
- Uzochukwu Mbamalu, CEO of Palremit, shared his experience of trust issues when investors learned he was from Nigeria.
The systemic challenges faced by African founders in securing funding highlight a significant barrier to innovation and growth in the region. While foreign investment is crucial, it often comes with complexities that can hinder local market development. There is a pressing need for local investors to step in and provide support that is contextually relevant to the unique challenges faced by startups in Africa.
