INSUBCONTINENT EXCLUSIVE:
VC firm TLcom Capital closed its Tide Africa Fund at $71 million in February, and announced plans to invest in 12 startups over the next 18
startup sectors, but was leaning toward infrastructure logistics ventures versus consumer finance companies.On geographic scope, TLcom
food supply-chain company) and tech-talent accelerator Andela.Both of these companies have gone on to expand in Africa and receive
tech stack for partners to build savings, lending and insurance products for customers in emerging markets.Jumo is active in six markets and
disbursed more than $1 billion in loans and served over 15 million people and small businesses, according to Jumo data.Jumo joins a growing
list of African digital-finance startups raising big money from outside investors and expanding abroad
payments and internet services to) are companies, SMEs and startups.The Safaricom-AWS partnership points to an emerging competition between
American cloud service providers to scale in Africa by leveraging networks of local partners.The most obvious rival to the AWS-Safaricom
