Fintech Startup Caution; Pan-African Food Security: New Economy
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Fintech startups in Africa will probably hit pause on raising capital for about 18 months to avoid lower valuations amid rising interest rates and high inflation, said Aubrey Hruby, an investor in the continent’s startups and co-founder of Insider and Tofino Capital.
“Most startups are waiting” to see the impact of the next few months, she said at the Bloomberg New Economy Gateway Africa forum in Morocco on Wednesday. “They are only going to raise if they urgently have to.”