When it comes to tech, people tend to construe it through the lens of start-up companies and the start-up seems to now be synonymous with tech like no other word in English lexicography. But there is so much more to the tech ecosystem and even more to business growth within tech.
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One of the things that makes tech so appealing is this: people are on the look-out for such companies for investment. The success story that was Paystack months back as well as a few others tell you just that. The problem many tech businesses now have in Nigeria, however, seems to be funding, ironically. If you are not selling a fintech idea, most local VC’s would not look at your pitch twice. Why? Because fintech is indeed a low-hanging fruit as far as Africa is concerned.
Most countries on the continent do not have the infrastructure to facilitate much and fintech is the one area most of our rather dated infrastructure can be adapted to for efficient function.
The good thing here however is this: many businesses that are not looking too good now maybe yet successful in the future as it was with payment solutions app twenty years ago. It is now possible to accelerate your start-up’s growth i.e. edtech, health tech and agritech (who have resorted rather unscrupulous of raising funds for their dealings). There are start-ups dedicated to opening up the big markets in the West to companies from elsewhere. How does this work? Well with companies/platforms like Firstbase and INCORPUK, start-ups can now register their businesses in the US and the UK. These companies are there to help businesses open bank accounts, help with tax advisory services, registration, state selection, US/UK address setup, free expert tax advisory, post-incorporation legal documents, free registered agent for one-year, and more.
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The best about these services is this: the services on offer would open up the start-ups to the possibility of getting funding from venture capitalists and angel investors in the bigger markets. The beauty of it is that many of those VC’S are looking to new frontiers and this presents an opportunity for budding African founders to bring their businesses closer to the mainstream hence enhancing foreign investment in tech at a more accelerated rate.
You may review these companies by a mere Google search or go to Quora. Make sure you are sure on the benefits on offer for each product.
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