The fund will target startups from seed through Series B rounds, focusing on online-to-offline (O2O) platforms, B2B SaaS solutions, and fintech ventures.
For these companies — names like Chipper Cash, LemFi, Flutterwave, and TapTap Send — a 5% tax on remittances out of the U.S. would have fundamentally altered their business models.
At the time we reported on Nigerian cloud startups rallying behind some proposed data rules to escape the claws of foreign hyperscalers, something about the mood felt slightly off.
