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BD Insider 168: Analysis of Google’s BFF shows a decline in Africa

Nigeria remains the preferred destination for the Google Founders Fund in Africa, dominating the three cohorts since the fund was launched.
7 minute read
BD Insider 168: Analysis of Google’s BFF shows a decline in Africa
Photo: Recipients of the Black Founders Fund 2022

In this letter, we explore the following:

  • Flutterwave’s five-year deal with Microsoft
  • The controversial KYC requirement by the CBN
  • the decline of Google Black Founders Fund investment in Africa

And other noteworthy information like:

  • the latest African Tech Startup Deals
  • opportunities, interesting reads and more

The Big Three

1. Flutterwave’s five-year deal with Microsoft

The news: African fintech unicorn, Flutterwave has entered a five-year “strategic technology agreement” with Microsoft. The partnership will enable the fintech company to build its next-generation platform on Microsoft Azure, powering payments infrastructure across Africa and the rest of the world.

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Last updated: December 24, 2024

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