MTN share sale shows Nigeria can lure young Crypto buyers
The sale was 1.2 times oversubscribed, with 85% of the investors aged under 40 years.
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The sale was 1.2 times oversubscribed, with 85% of the investors aged under 40 years.
The emerging markets-focused payments firm has more than tripled its valuation in less than a year to over $3bn.
Venture Capital firms Greycroft Partners and Tiger Global Management LLC led a $15 million capital raise by Nigerian startup Bamboo, a platform that allows trading in U.S. stocks from Africa. Bamboo, with over 300,000 account holders in Nigeria, plans to use the funds to expand into new markets including Ghana, Kenya and South Africa, according…
(Bloomberg) -- Venture Capital firms Greycroft Partners and Tiger Global Management LLC led a $15 million capital raise by Nigerian startup Bamboo, a platform that allows trading in U.S. stocks from Africa.
(Bloomberg) -- Africa’s technology startups raised a record $5 billion this year as U.S. investors piled into companies that are helping the continent’s tech-savvy and young population conduct financial transactions.