Seems I have found me the ONLY “old 2010 African Marketplace Econmerce Era” Founder going with me into this new “2020s African eCommerce Enablement Era!”👊👊👊😂😂😂
The REAL VALUE is in the keywords “before the fact!”🤓
I’ve a few blog posts in my head I’d really love to do but I wanna run this survey till Friday, so I know which subject to attack next w/end. (I’ve a “subject + header_image” as a thread after this tweet to give you a fairly good idea what the content direction will look like.)
Emerging market tech startup ecosystems seem to be major beneficiaries in this new post-COVID reality the world is settling into. I’m convinced unicorns are gonna be much more commonplace in the frontier markets of SEA, MENA and SSA. The 2020s will be their/our coming of age.
Any African founder that doesn’t recognize that we are at an inflection point in the tech venture market in Africa will find himself caught flat-footed. Now is the time to lean HARD into the LARGENESS of your dreams! Now is when anything is possible. Go BIG—or go and drink zobo!
I post the foregoing thread 12 hours ago—and it is already aging very well.
Just imagine, that ALL these entities👇 with the highest traffic in Naija wanted to host commerce & fintech-enabled experiences WITHIN their apps (aka SuperApp)?
@PayPeckerHQ APIs is the infrastructure that links their high demand/traffic aggregation heft👇to THAT world!
So, you’re making a bet on @BetKingNG and you remembered you need cornflakes? Right, within the @BetKingNG app, add cornflakes and the cornflakes is delivered to you from the nearest retailer closest to that has the best fill-rate for your request—FREE + WITHIN 10 minutes! YES!!!
Oh! You don’t have the money to pay now? Not a problem, select @get_carbon’s Zero as payment option and native their BNPL offering is made available to you—NATIVELY and seamlessly!!! There are TOO MANY use cases I can’t even think about or yet fathom. But this should be BIG!!!
“Gojek Co-CEO to Head App Giant After Merger With Tokopedia.” Nicely done. Essentially an acquisition of Tokopedia by Gojek, combining the biggest commerce tech venture with the biggest fintech venture in Indonesia. Interesting! bloomberg.com/news/articles/…
Interesting from the perspective of this tweet👇 now aging well, like fine wine. (I expect the trend and deals like this to uptick in the frontier markets 2021-2025.)
“Squire’s revenue went from zero in March, when all barber shops closed, to $10m-$20m in ARR...10 months later....The growth indicates how the next wave of barbershops will be built...’We just took off like a lightning bolt,’ co-founder Dave Salvant says.” techcrunch.com/2020/12/09/squ…
Hopin’s business took off. Unsolicited offers from investors started pouring in. Hopin raised a fresh $40m from VCs...and w/out even building a deck, the company garnered a further $125m, valuing it at $2.1B, 77x up from 1yr ago!
...
... And still, Mr. Boufarhat said, “investors are reaching out almost daily.”