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MEST portfolio startup, Vesicash offers payment security to African businesses with escrow services
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Huawei Increases Investment in Carrier Software
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Liquid Prep intelligent watering solution now hosted by the Linux Foundation as a Call for Code project
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Daily Monitor
Tuesday March 16 2021
A man uses a visa card to complete a transaction. Fintechs have largely relied on venture capital funding to develop scalable products that can serve across many markets. PHOTO/Eronie Kamukama
Summary
Uganda attracts the least funding for fintechs in venture capital, with Rwanda, Kenya, Egypt, and South Africa and Nigeria being the leaders in hedge funds,
Paul Murungi writes.
Over the last 50 years, banks have played a primary role in banking or financial intermediation. This has slowly progressed into electronic payments with the evolution of Real Time Gross Settlements (RTGS) and Electronic Funds Transfer (EFT), among other modes of financial innovations to facilitate payments between different institutions and across borders.
[YS Learn] Top tips for startup founders while building an MVP
The minimum viable product (MVP) plays a vital role in understanding customer needs, and gives founders a sense of what a product can achieve with scale. Here are some key factors that founders and Chief Product Officers believe startups need to keep in mind while building their MVP.
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Once a startup idea is in place, the next step for any founding team is to build the minimum viable product (MVP), and see if it has enough number of takers. An MVP is the base product with just enough features to be usable by early customers, on which products can be further developed.