Crypto in Africa

Does Africa’s future lie in crypto adoption?

June 25, 2019

Well, Serena Williams certainly thinks so. And she has put her hard-earned money to the test by investing, through her company Serena Ventures, in Andela. Andela is a Nigerian based startup that is also active in Kenya, Rwanda, and Uganda.

The company secured a USD100-million Series D round funding in January 2019, making it one of the best-funded African tech startups.


Andela enrolls budding African developers into a highly selective program that trains them to become globally competitive. After the training, the developers are outsourced to global companies in need of development talent. So far, the company has hired 1,000 developers out of over 10,000 applicants.


Many astute investors believe that Africa’s future lies in crypto adoption. Africa still has a high percentage of unbanked population, which highly favors crypto adoption. Through cryptocurrency, people across the continent will be able to access financial services including remittances especially for people leaving in remote areas.


Read the full article:



Ask a question