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Y Combinator, Sequoia Capital, and other tech investors advised portfolio companies in May to buckle up for hard times and plan for the worst. Heeding that advice, African startups started responding with firings. ....
Alexander O. Onukwue Share this article Fintech companies, like every other business, aspire to extend their operations beyond their first base. For example, a startup that began in Nigeria may, in a few years, desire to expand into other countries when the right opportunity opens up. Lidya, Paga and Migo are among a few recent examples. When we examine how expansion works, a common thread comes to the forefront: Because the realities of running fintech operations differ from one country to another, it is often impossible to set up shop in a new country without assistance. Requirements for business registration, licensing, account opening, taxation, data protection and others could make the expansion process intense and discouraging. ....
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