7 African entrepreneurs who are changing the business landscape

Drew Durbin is the founder and CEO of Wave Mobile Money, a money transfer service for individuals and businesses to send and receive funds globally. In 2021, Drew and team members raised $200 million in Series A equity funding with 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 mobile money service and much more affordable than telecommunications.

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

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

Samuel Ajiboyede is the CEO of Zido Global, a transportation and distribution company reshaping freight forwarding for carriers and shippers globally. Zido Global improves freight transport efficiency with big data and a simplified logistics system. The private company is blazing a trail in the digital freight broker industry and changing the narrative for Africa.

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

Shivani Siroya is the CEO and founder of Tala, a fintech startup helping traditionally unbanked people save and grow their money. According to LinkedIn, Tala is a financial technology company with a financial system that works for everyone. Digital lenders in these low-interest emerging markets disburse loans to people without a formal credit history.

Shivani Siroya quit his investment banking job 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.

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

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

Tauriq Keraan is the CEO of TymeBank, South Africa’s first digital bank to offer money transfer and transactional account services to customers. According to Tech Crunch, TymeBank increases 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.

Dare Okoudjou is the CEO and founder of MFS Africa, a global fintech startup powering the money transfer and payments industry. According to Tech Cabal, MFS Africa clarifies whether a phone number can receive money from a regulatory point of view. The company can also define the currencies that the number can receive and the applicable exchange rates.

Dare Okoudjou earned an engineering and physics fellowship in Morocco before gaining startup experience in New York. MFS Africa raised $100 million through debt and equity and planned to make transferring mobile money as easy as making a phone call.

*The 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 writer with technical, analytical, and copywriting experience gained over 5 years of in-house and freelance work. She is versed in finance, investment, technology, blockchain, mergers and acquisitions, bankruptcy, etc.

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