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Business Journey (How Tos)

Guest Contribution: Disruptive Digital Solutions Is Rewiring The DNA Of Banking

Imagine a bank whose customers can tap on a wearable device to make a payment, regularly receive updates on changes they could make to their investment portfolio through AI-generated insights. A bank that enables its customer to own their data through the application of blockchain technology and share it with lenders as a validated credit history when applying for a loan anywhere; that bank is likely to remain fully operational for the long term. According to a PWC global CEO survey, 70% of financial services leaders stated that the speed of technological change is one of their biggest concerns. Clients demand more convenience and customization from...

Tips That Could Save Your Small Businesses [Opinion]

Ahead of World Savings Day, which takes place on 31 October 2020, Viresh Harduth, Vice President, Small Business, Sage Africa, and the Middle East, shares his expert advice for small businesses on how to save money.  As exciting and fulfilling as it is, financial risks and challenges are part of doing business. But any company can fail by making financial errors when it comes to saving. That reality can hit hard in the face of something like a global pandemic. If this year has proved anything, it’s that saving money can save your business. While financial pitfalls can be predictable, there are times when you’ll encounter them unexpectedly. They can...

Seven African Tech Startups Receive Funding

MEST Africa has announced its funding round of $700 000 for seven selected African tech startups that have graduated from its 2020 training programme.   The selected seven startups will not only receive funding but take part in the MEST Africa incubation programme Ashwin Ravichandran, managing director of MEST Africa comments on this year’s cohort of selected African tech startups.  “We are blown away by the perseverance and talent we have seen in our entrepreneurs this year, as it has been a year filled with unexpected twists and turns.” Each of the seven startups will receive $100 000 in funding and join the MEST incubators in Ghana, Nigeria, Kenya, and South...

The GFA Journey to Investor Readiness

Why GetFundedAfrica created an Investor Readiness Program To raise money from investors, you need to understand what investors want. We have created a self-paced, video-based, investor readiness course that can be completed in a few hours or at your convenience. Resume from where you stopped. Enroll Now GetFundedAfrica’s journey to creating an investor readiness program has guided us through an interesting journey so far. Our goal remains helping African companies raise venture capital for growth & job creation which has led us to a point where we are putting finishing touches to a self-paced, video-based program on investor readiness. Note: You can pre-enroll today to get a special offer or...

Top startup web events Africa this week

If you have any event recommendations for us to add to the list, or next week’s, please send us an email nichole@getfundedafrica.com.  Please notify us by Friday of the week before the event. Not all the events are free and some will require booking in advance. Please click on the event names to find out more information. Career Strategy during a pandemic Covid-19 has changed our lives, in a time where most people are dealing with economic instability and job insecurity, deciding what your next career move during a pandemic is possibly the most important decision you will make in your career. Lifecheq CEO Abu Addae and Senior Consultant,...

[Opinion] 10 Tips For Entrepreneurs To Get A VC Funding Round Closed

Closing a round of venture funding is extremely hard work. Many entrepreneurs fall at the first hurdles, either making mistakes approaching investors or during their first pitch meeting. For those entrepreneurs who are invited back for a second meeting and start to engage more deeply with a VC, new challenges start to present themselves. Every round is unique. Myriad internal and external factors impact the outcome. Some things are within your control, many are not.   To give yourself the best chance of a positive outcome, here are some tips that apply to every round. Raise as early as you can. Going out to raise when you are nearly out of cash...

GFA’s Business Journey: Pitching To Win

Introduction Pitching ideas to potential or interested investors (funders) could make or break a business at a very crucial period in an enterprise’s lifecycle. Inability to do so effectively and successfully, can even prevent a business getting off the ground. A lot of information exists in the public space, and yet it seems some entrepreneurs and business people simply decide not to devote the energy, time, or effort to seek these resources out. It may also be a good idea to engage professionals who can prepare effective pitches, thus creating a higher probability of deepening interest in your investor pitch and subsequently – your business. This weekend, we...

Launch Your Innovative Venture (The Structure Of A Pitch)

Principle and objective of the pitch What is a pitch ?  The first oral presentation of your project is called a pitch. In few minutes, you must have submitted your project and have convinced your audience, in order they want to know more about it. It’s often mentioned, also as the "elevator pitch", when you have just few minutes. It's as if you took the elevator with an investor and you succeed to create its interest during the trip. In this case, you must be able to convince in less than 3 minutes. When can I tell my pitch ?  For a pitch, you can be in different situations, as you...

What Investors Are Looking For In Pitches Claiming Innovation

1. Adapt an existing product to a new use  Innovation doesn't even require technology. You may offer a different application for an existing product, a new pricing model, or a new level of support. Or find an entirely different application for an existing product. As an example, De Beers once produced only industrial diamonds, but found a market as well in engagement rings. 2. Pick a specialized technology within an existing movement Let the heavy lifting on major technology evolutions be done by big players, such as Apple or Google. Think smartphone cameras, as opposed to a new smartphone design. Within all large markets, there are many opportunities...

18 Pitching Essentials: How To Pitch An Idea To Investors (And Early Customers)

Stage 1: Understand what makes a compelling pitch “You have 90 seconds, if you’re lucky. If you can’t make your point persuasively in that time, you’ve lost the chance for impact. Facts and figures are important, but it’s not the only criteria, you must present in a manner that generates expertise and confidence.” A good pitch balances business and emotional needs. Whether you’re pitching to a company, an investor, a customer, or a potential partner, you have to hit them on both emotional and business levels. Without this, your pitch is almost certain to fall flat. A good pitch is succinct. In most cases you only have a few seconds...

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