7 African Entrepreneurs Changing the Business Landscape

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1. Drew Durbin

Drew Durbin is the founder and CEO of Wave Mobile Money, a money transfer service enabling individuals and businesses to send and receive funds worldwide. In 2021, Drew and team members raised $200 million in Series A equity at a 2021 valuation of $1.7 billion.

Drew Durbin is a Senegalese serial tech entrepreneur, and Wave is an affordable mobile money service changing the African narrative in business with financial inclusion. Drew told Billionaire Africa that Wave is a better and much more affordable mobile money service than telecom.

2. Olugbenga GB Agboola

After securing equity funding worth $170 million in Series C funding in 2021, Olugbenga GB Agboola’s Flutterwave is changing the payments landscape globally. According to Crunchbase, Flutterwave is a Nigerian fintech company providing digital payments to global merchants. The company facilitates cross-border transactions and payments for small and large businesses around the world.

Olugbenga GB Agboola is co-founder and CEO of Flutterwave and has taken the company’s valuation to $3 billion. According to Tech Crunch, the valuation of the high-value African startup has increased after raising $250 million in a Series D round in 2022.

3. Samuel Ajiboyede

Samuel Ajiboyede is the CEO of Zido Global, a freight and distribution company reworking freight transportation for carriers and shippers around the world. Zido Global improves the efficiency of freight transportation through Big Data and a simplified logistics system. Private enterprise is leading the way in the digital freight brokerage industry and changing the narrative for Africa.

Samuel Ajiboyede is a startup technology entrepreneur, recognized financial thought leader, business strategist and disruptive digital innovator. Zido Global has raised $3 million to solve logistical frictions for businesses and individuals and signed a $10 million annual contract with one of Africa’s largest conglomerates in 2021.

4. Shivani Siroya

Shivani Siroya is the CEO and Founder of Tala, a fintech startup that helps traditionally underbanked people save and grow their money. According to LinkedIn, Tala is a fintech company with a financial system that works for everyone. Digital lenders in these emerging markets with low interest rates provide loans to individuals with no formal credit history.

Shivani Siroya quit his job as an investment banker at Silicon Valley Bank and founded Tala in 2011. The company raised $145 million for business expansion in 2021, and the app is a great way to get loans when you need them.

5. Andrew Watkins-Ball

JUMO’s founder and CEO, Andrew Watkins-Ball, is a South African entrepreneur with a huge reputation in the business world. Andrew has 20 years of experience scaling businesses and raising capital in technology and financial services. According to Crunchbase, JUMO is one of the best banking platforms as a market-leading service, providing quick access to funds with low operating costs.

Andrew Watkins-Ball founded JUMO in 2015, and the company has raised an impressive $120 million in equity funding from investors including Fidelity, Kingsway Capital, Visa, and more. JUMO has operations in Rwanda, Uganda, Kenya, Tanzania, South Africa and Ghana, and the company is aiming for global expansion with recent funding.

6. Tauriq Keran

Tauriq Keraan is the Managing Director of TymeBank, South Africa’s first digital bank offering money transfer services and transactional accounts to customers. According to Tech Crunch, TymeBank is increasing financial access and usage for small businesses and individuals to encourage economic participation.

The company received its license from the South African Reserve Bank in 2017 and provided customers with educational apps and savings accounts.

Tauriq Keraan has an extreme passion for the finance and technology industry and established TymeBank in 2015. The company raised $109 million in 2021 and announced investments from investors including CDC and Tencent.

7. Dare Okoudjou

Dare Okoudjou is the Managing Director and Founder of MFS Africa, a global fintech startup streamlining the money transfer and payments industry. According to Tech Cabal, MFS Africa clarifies whether a phone number can receive money from a regulatory perspective. The company can also define the currencies that the number can receive and the applicable exchange rates.

Dare Okoudjou pursued an engineering and physics scholarship in Morocco before gaining start-up experience in New York. MFS Africa raised $100 million through debt and equity and planned to make mobile money transfer as easy as making a phone call.

*Views expressed in this article are those of a Business Insider Africa contributor. It does not represent the views of the Business Insider Africa organization.

Olayinka Sodiq is a skilled copywriter with technical, analytical and writing experience gained over 5 years of in-house and freelance gigs. He is versed in finance, investments, technology, blockchain, mergers and acquisitions, bankruptcy, etc.

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