Yakubu
But now capital has become so expensive that you have to ask yourself whether it is worth sacrificing to build the business you want to build, he stated.
With the success of its business model in Kenya, MKOPAs new funding is premised on boosting its smartphone financing offering, expanding into additional markets, and prioritising sustainability.
Going further, Duroshola explained that in recouping some of the credit in smartphone financing, how they get individuals to pay is through the technology.
However, he noted that there is flexibility in payments and customers can walk away anytime.
The payment is flexible and they can pay on the day they can afford the device.
The infographic shared during its afternoon session showed low venture debt in the ecosystem as Venture Equity accounted for 4.5billion compared to 650million in debt funding in 2022.
TechCabal, last month reported that debt funding has become a more attractive financing option for startups.
Founding Partner, Future Africa, Iyinoluwa Aboyeji, who was present at the conference acknowledges that the game of funding has changed.The game has changed.
Keypoints
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