How Wema Bank, a $552 million bank, is investing in startups from all sectors
- Wema Bank is investing in early-stage startups with an average check size of $40,000.
- The bank's Hackaholics initiative has supported over 100 successful ventures.
- Wema Bank provides startups with immediate access to infrastructure and operational resources.
Wema Bank's proactive approach to corporate venture capital represents a significant opportunity for startups in Africa, as it not only provides funding but also essential infrastructure and market access. This model could serve as a blueprint for other financial institutions looking to foster innovation and support local entrepreneurs.
