Why African fintech startups are expanding their product suites rather than hitting new markets

Disrupt Africa

There are strong arguments backing the prevalent trend of African fintech startups expanding operations from a product perspective, adding new verticals rather than moving into new geographies.

That is according to Johan Bosini, partner at fintech-focused VC firm Quona Capital, who was speaking on the latest episode of Disrupt Podcast in the wake of his company leading a US$3 million pre-Series A round for Nigerian startup Cowrywise, a digital wealth management and financial planning solution.

Bosini explained to the podcast why Quona Capital had been attracted to the startup in the first place.

“It is a business we’ve known for a while and it’s a category we really like. We think making wealth management available for everyday people in Nigeria is really interesting. We’ve seen this theme across multiple markets,” he said.

Learn more in this interview by Disrupt Africa.

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