Category: Press and Media

  • Daba Partners With The African Fund to Transform SME Financing in Africa

    Daba Partners With The African Fund to Transform SME Financing in Africa

    At the heart of this partnership lies a shared vision between Daba Finance and TAF. 

    Daba Finance proudly announces its strategic partnership with The African Fund (TAF), a community-led initiative that aims to provide believers of the African growth story with a platform to invest in African small and medium enterprises (SMEs). This marks a significant stride towards revolutionizing SME financing in Africa. 

    This collaboration underscores a shared commitment to reshaping the investment landscape across Africa. It is driven by a vision that unites efforts in strengthening entrepreneurs and fueling economic growth.

    A Shared Vision:  Elevating Africa’s Entrepreneurs

    At the heart of this partnership lies a shared vision between Daba Finance and TAF, both committed to growing African SMEs and entrepreneurs through innovative financial solutions. 

    While Daba Finance has been leading the charge with its unified investment and financing platform, TAF brings to the table a community-driven initiative aimed at providing opportunities for believers in Africa’s growth story to invest in African SMEs.

    The partnership with TAF is not just a collaboration but a powerful alignment of values and objectives. Together, we harness the strengths of traditional and digital finance to empower communities and drive impactful change, united by a shared vision for a prosperous Africa

    By leveraging blockchain-based tools, TAF is pioneering a new era of financial governance and investor safety, principles that resonate deeply with Daba’s ethos of transparency and accessibility.

    “Africa has been attracting increasing attention from international investors, and for good reason. The continent is home to some of the world’s fastest-growing economies, and its stock markets have recently demonstrated superior performance compared to other global markets, suggesting the potential for attractive returns,” says Boum III Jr, Daba Co-founder and CEO.

    “As interest in African investment opportunities continues to surge, we are positioned as the premier resource for investors seeking to gain access to the continent’s most promising investment opportunities and this partnership with TAF represents a major step further in realizing our vision of unlocking the continent’s full investment potential.”

    Bringing the Vision to Life

    The partnership with TAF accelerates the realization of TAF’s Minimum Viable Product (MVP), slated for completion by June 2024. The MVP represents a pivotal milestone wherein prospective investors can acquire TAF tokens to participate in equity investments across the continent. Through this collaborative effort, Daba Finance and TAF aim to democratize access to investment opportunities while fostering economic growth and prosperity in Africa.

    Believers in Africa’s potential are invited to join in this transformative journey. By contributing to the initial community capital raise, individuals have the opportunity to play a pivotal role in shaping the future of African finance. 

    Through a simple agreement for future tokens (SAFT), contributors will gain access to investment outcomes and become stakeholders in the fund’s governance. Together, a resilient and inclusive investment ecosystem can be built that strengthens entrepreneurs and propels Africa towards prosperity.

    About Daba Finance

    Established in 2021, Daba Finance stands as Africa’s premier multi-asset investment and financing platform, dedicated to unlocking the continent’s full investment potential. Through a unified platform, individuals and institutions can access high-quality investment opportunities across African markets, driving economic growth and fostering sustainable development.

    By providing liquidity and trade execution to retail and institutional investors, Daba offers a range of features, including reliable information, transparency, and ease of investing across the continent. The platform is dedicated to bridging the capital-to-opportunity mismatch, enabling investors to access Africa’s investable opportunities while helping African companies raise the capital they need to succeed.

    About The African Fund

    The African Fund (TAF) is a community-led initiative committed to investing in African SMEs through innovative financial solutions. Leveraging blockchain-based tools, TAF operates as a Cape Verdean asset-management company, revolutionizing the investment landscape and driving inclusive growth across the continent.

    For more information, please visit https://theafrican.fund/ and https://dabafinance.com/

  • BuuPass, soutenu par Daba, obtient un financement du légendaire capital-risqueur de la Silicon Valley, Tim Draper

    BuuPass, soutenu par Daba, obtient un financement du légendaire capital-risqueur de la Silicon Valley, Tim Draper

    Les investisseurs institutionnels et individuels ont pu soutenir la mission de BuuPass consistant à numériser le secteur de la mobilité en Afrique via la plateforme d’investissement unifiée de Daba.

    BuuPass, une plateforme de billetterie de voyage numérique basée au Kenya, a récemment reçu un investissement de Tim Draper, un capital-risqueur renommé.

    Cela intervient un an après que l’entreprise ait levé 1,3 million de dollars dans le cadre d’un financement de pré-amorçage, avec la participation de Founders Factory Africa, Renew Capital, Ajim Capital, le Fonds des Fondateurs Noirs de Google, ainsi que plusieurs investisseurs individuels et corporatifs qui ont participé via Daba Finance.

    BuuPass a obtenu l’investissement de Draper en participant à l’émission de télé-réalité Meet the Drapers. Le montant levé n’a pas été divulgué. Jusqu’à présent, la startup avait levé 2,5 millions de dollars depuis sa fondation.

    Qui est Tim Draper ?

    Tim Draper est le fondateur de Draper Associates, DFJ et du Draper Venture Network. Il a financé une remarquable série de sociétés à succès, dont Coinbase, Baidu, Tesla, Skype, SpaceX, Twitch et Hotmail, entre autres.

    Un défenseur éminent de Bitcoin et de la décentralisation, Draper a été une figure clé dans l’espace des crypto-monnaies, avec des investissements dans plus de 50 sociétés de crypto.

    Ses réalisations incluent le titre d’”Entrepreneur du Monde” décerné par le World Entrepreneurship Forum et sa présence parmi les 100 personnes les plus puissantes de la finance selon Worth Magazine.

    Ce que cela signifie pour les investisseurs de BuuPass

    L’investissement marque la troisième incursion de Draper en Afrique, témoignant de sa confiance dans le potentiel de l’entreprise à révolutionner le paysage des transports en Afrique.

    Le financement marque également un bond majeur vers la vision de BuuPass de devenir une licorne dans le secteur des transports. Il alimentera sa mission de numériser le marché du transport longue distance de 100 milliards de dollars en Afrique.

    De plus, l’expertise et le réseau mondial de Draper offriront à BuuPass des opportunités de croissance et d’innovation inégalées.

    Numérisation du secteur de la mobilité en Afrique

    BuuPass est une place de marché B2B2C à pile complète qui connecte les compagnies de transport avec des plateformes de billetterie en ligne.

    Traction impressionnante : BuuPass a déjà réalisé d’importants progrès, vendant plus de 16 millions de billets de voyage et générant plus de 100 millions de dollars de GMV, avec une présence en Afrique de l’Est et australe et des itinéraires dans plus de 15 pays.

    La start-up prévoit d’utiliser l’investissement pour redoubler d’efforts dans sa mission de numériser le marché africain du transport longue distance en connectant les compagnies de transport avec des plateformes de billetterie en ligne.

    “Promesse incroyable”

    “BuuPass a montré une promesse incroyable dans la transformation de l’industrie des transports en Afrique”, a déclaré Tim Draper à propos de la start-up. “Je suis ravi de faire partie de ce voyage et j’ai hâte de voir BuuPass stimuler l’innovation et la connectivité à travers le continent.”

    Sonia Kabra, co-fondatrice de BuuPass, a exprimé son enthousiasme quant à l’investissement : “Obtenir un investissement de Tim Draper est une étape monumentale pour BuuPass. Sa croyance en notre vision et notre potentiel est un énorme vote de confiance.

    “Ce partenariat nous rapproche de notre objectif de mouvement fluide des personnes et des biens à travers l’Afrique, et c’est une étape significative vers la réalisation de notre rêve de devenir une licorne dans le secteur des transports.”

    Daba Finance est fier d’avoir permis la participation des investisseurs au parcours de BuuPass et nous sommes impatients de suivre sa croissance et son succès. Pour en savoir plus sur la manière dont Daba permet d’investir dans les opportunités africaines pour les investisseurs individuels et institutionnels, visitez notre site web ou téléchargez notre application mobile.

  • Daba-Backed BuuPass Gets Funding From Tim Draper of Silicon Valley

    Daba-Backed BuuPass Gets Funding From Tim Draper of Silicon Valley

    Through Daba’s unified investment platform, institutional and retail investors supported BuuPass’ mission of digitizing the mobility sector in Africa.

    BuuPass, a digital travel ticketing platform based in Kenya, has received an investment from Tim Draper, a renowned venture capitalist. 

    This comes one year after the company raised $1.3 million in pre-seed funding, which saw the participation of Founders Factory Africa, Renew Capital, Ajim Capital, Google Black Founders Fund, and several individual and corporate investors who participated through Daba Finance.

    BuuPass secured the investment from Draper by participating in the Meet the Drapers reality TV show. The amount raised has not been disclosed. Before now, the startup had raised $2.5 million since it was founded.

    Who is Tim Draper?

    Tim Draper is the founder of Draper Associates, DFJ, and the Draper Venture Network. He has funded a remarkable array of successful companies including Coinbase, Baidu, Tesla, Skype, SpaceX, Twitch, and Hotmail, among others. 

    A prominent advocate for Bitcoin and decentralization, Draper has been a pivotal figure in the cryptocurrency space, with investments in over 50 crypto companies. 

    His accolades include being named “Entrepreneur of the World” by the World Entrepreneurship Forum and ranking among the top 100 most powerful people in finance by Worth Magazine.

    What this means for investors in BuuPass

    The investment marks Draper’s third venture in Africa, reflecting his confidence in the company’s potential to revolutionize Africa’s transportation landscape.

    The funding also signifies a major leap toward BuuPass’s vision of becoming a unicorn in the transportation sector. It will fuel its mission to digitize the $100 billion long-distance transport market in Africa.

    In addition, Draper’s expertise and global network will provide BuuPass with unparalleled opportunities for growth and innovation.

    Digitizing Africa’s mobility sector

    BuuPass is a B2B2C full-stack marketplace that connects transport companies with online ticketing platforms. 

    BuuPass has already made significant strides, selling over 16 million travel tickets and generating over $100 million in GMV, with a presence in East and Southern Africa with routes across more than 15 countries.

    The startup plans to use the investment to double down on its mission to digitize the African long-distance transport market by connecting transport companies with online ticketing platforms.

    “Incredible Promise” 

    “BuuPass has shown incredible promise in transforming the transportation industry in Africa,” Tim Draper said on the startup. “I am excited to be part of this journey and look forward to seeing BuuPass drive innovation and connectivity across the continent.”

    Sonia Kabra, co-founder of BuuPass, expressed her excitement about the investment: “Securing investment from Tim Draper is a monumental milestone for BuuPass. His belief in our vision and potential is a huge vote of confidence.

    “This partnership brings us closer to our goal of seamless movement of people and goods across Africa, and it’s a significant step towards achieving our dream of becoming a unicorn in the transportation sector.”

    Daba Finance is proud to have enabled investor participation in BuuPass’ journey and we look forward to following its growth and success. To find more about how Daba enables investing in Africa opportunities for individual and institutional investors, visit our webpage or get our mobile app.

  • Daba sélectionnée pour la cohorte inaugurale de Visa Inclusive Fintech Accelerator

    Daba sélectionnée pour la cohorte inaugurale de Visa Inclusive Fintech Accelerator

    Nous sommes ravis d’annoncer que Daba Finance a été sélectionnée parmi 21 startups de pointe pour participer à la cohorte inaugurale de l’accélérateur Visa Inclusive Fintech. 

    Il s’agit d’une étape importante pour notre entreprise qui poursuit sa mission de fournir des opportunités d’investissement à travers l’Afrique. 

    Qu’est-ce que le Visa Inclusive Fintech Accelerator ?

    Le Visa Inclusive Fintech Accelerator est un programme lancé en septembre 2023 par Visa en collaboration avec Plug and Play, l’une des plus grandes plateformes mondiales d’innovation. Il vise à promouvoir la diversité et l’inclusion dans l’industrie de la fintech en soutenant et en responsabilisant divers fondateurs dans l’industrie de la technologie.

    Grâce à cet accélérateur, Visa et Plug and Play créent une plateforme inclusive pour aider les divers fondateurs à surmonter les défis uniques dans l’espace des startups technologiques. Le programme fournit des conseils stratégiques, un accès aux produits et aux connaissances de Visa, un mentorat, des connexions avec l’industrie et un soutien personnalisé aux startups sélectionnées.

    Pourquoi est-ce important pour Daba ? 

    Le fait d’avoir été sélectionné pour la cohorte inaugurale est une énorme validation du modèle d’entreprise et de l’impact de Daba Finance. En tant que startup développant l’accès aux produits financiers à travers l’Afrique, cet accélérateur est parfaitement aligné avec nos objectifs. 

    La participation au programme nous permettra de tirer parti de la vaste expertise de Visa en matière de paiements et du réseau mondial de Plug and Play. Nous nous réjouissons de collaborer avec les dirigeants de Visa pour faire évoluer notre produit.

    Daba-FInance-Invest-Africa-Visa-Inclusive-Fintech-Accelerator

    Qu’est-ce que cela signifie pour nos utilisateurs ?

    Pour les utilisateurs de Daba Finance, notre participation à l’accélérateur Visa Inclusive Fintech Accelerator se traduit par une expérience produit améliorée. En intégrant les capacités de Visa, nous pouvons offrir des méthodes de paiement plus transparentes et plus sûres pour investir, transférer des fonds et accéder à des services financiers par le biais de notre plateforme. 

    L’expertise et le soutien dont nous bénéficions dans le cadre du programme nous aideront à accélérer notre feuille de route en matière de développement de produits. Nous prévoyons d’exploiter les connaissances de Visa pour créer des fonctions plus centrées sur l’utilisateur qui simplifient l’investissement et les finances pour nos utilisateurs. 

    Le chemin à parcourir

    Nous sommes honorés de travailler avec des institutions respectées telles que Visa et Plug and Play. Les enseignements tirés de cette expérience seront d’une valeur inestimable dans l’accomplissement de notre mission de démocratisation de l’investissement à travers l’Afrique.

  • Daba Makes Inaugural Cohort of Visa Inclusive Fintech Accelerator

    Daba Makes Inaugural Cohort of Visa Inclusive Fintech Accelerator

    We are thrilled to announce that Daba Finance has been selected among 21 cutting-edge startups to participate in the inaugural cohort of the Visa Inclusive Fintech Accelerator. 

    This is an immense milestone for our company as we continue on our mission to provide unified investment opportunities across Africa. 

    What is the Visa Inclusive Fintech Accelerator?

    The Visa Inclusive Fintech Accelerator is a program launched in September 2023 by Visa in collaboration with Plug and Play, one of the world’s largest global innovation platforms. It aims to promote diversity and inclusion in the fintech industry by supporting and empowering diverse founders in the tech industry.

    Through this accelerator, Visa and Plug and Play are creating an inclusive platform to help diverse founders overcome unique challenges in the tech startup space. The program provides strategic guidance, access to Visa’s products and insights, mentorship, industry connections, and customized support to selected startups.

    Daba-FInance-Invest-Africa-Visa-Inclusive-Fintech-Accelerator

    Why is this significant for Daba? 

    Being selected for the inaugural cohort is a huge validation of Daba Finance’s business model and impact. As a startup expanding access to financial products across Africa, this accelerator is perfectly aligned with our goals. 

    Participating in the program will allow us to tap into Visa’s vast payments expertise and Plug and Play’s global network. We look forward to collaborating with Visa executives to evolve our product.

    What does this mean for our users?

    For Daba Finance users, our participation in the Visa Inclusive Fintech Accelerator translates to an enhanced product experience.

    By integrating Visa’s capabilities, we can offer more seamless and secure payment methods for investing, transferring funds, and accessing financial services through our platform. 

    The expertise and support we gain through the program will help us accelerate our product development roadmap. We plan to leverage insights from Visa to build more user-centric features that simplify investing and finances for our users. 

    The Road Ahead

    We are honored to be working alongside respected institutions such as Visa and Plug and Play. The learnings from this experience will be invaluable as we fulfill our mission of democratizing investing across Africa.

  • Daba soutient Lengo AI au Sénégal dans la levée de fonds pré-amorçage

    Daba soutient Lengo AI au Sénégal dans la levée de fonds pré-amorçage

    Les investisseurs institutionnels et individuels ont pu participer via la nouvelle plateforme d’investissement unifiée de Daba pour soutenir le premier système d’exploitation IA pour les biens de consommation courante en Afrique.

    Credit image : Lengo AI

    Daba Finance, une start-up qui permet d’investir de manière transparente dans les meilleures entreprises privées et publiques d’Afrique, a participé récemment à une levée de fonds pré-amorçage menée par la start-up sénégalaise d’intelligence artificielle (IA), Lengo. Les investisseurs institutionnels et individuels ont pu participer via la nouvelle plateforme d’investissement unifiée de Daba.

    Daba a été lancée en 2021 avec une mission simple : démocratiser l’investissement en Afrique en offrant aux investisseurs de tous niveaux un moyen sans obstacle d’accéder à des stratégies d’investissement sélectionnées et de construire leur patrimoine en investissant dans les marchés africains privés et publics, grâce à sa plateforme tout-en-un.

    Qu’est-ce que Lengo ?

    Fondée en 2021, Lengo est une plateforme d’IA qui offre une base de données étendue et des informations sur les biens de consommation courante pour les entreprises du secteur des biens de consommation courante en Afrique.

    Lengo exploite le vaste réseau de boutiques de quartier qui représentent 90 % des achats sur le continent, en fonctionnant comme une solution logicielle en tant que service (SaaS) et en combinant les efforts des agents de terrain appelés “Lengo Eagles” et de l’IA pour fournir des données en temps réel sur les performances de vente de produits, en connectant les détaillants et les entreprises du secteur des biens de consommation courante.

    La start-up fournit actuellement des informations sur plus de 2 000 produits, a cartographié près de 30 000 boutiques, et plus de 25 entreprises de biens de consommation courante utilisent sa plateforme mensuelle pour “arrêter de deviner en Afrique” et savoir où gagner sur le continent.

    Pourquoi avons-nous soutenu Lengo ?

    L’Afrique devrait représenter jusqu’à 40 % de la population humaine d’ici la fin du 21e siècle, le marché des biens de consommation courante étant positionné pour devenir son premier secteur industriel d’importance mondiale.

    Alors que la demande de produits alimentaires emballés, de boissons, de produits de soins personnels et d’articles ménagers explose, les entreprises multinationales étendent leur présence et des acteurs locaux émergent. Mais ils ont besoin d’aide en raison des limitations de l’infrastructure et du manque de données sur les préférences des consommateurs, les tendances du marché et la dynamique de la chaîne d’approvisionnement.

    Credit image : Lengo AI

    Lengo résout ce dernier problème en tirant parti de l’IA et est bien placé pour capturer une part de marché importante dans un secteur qui représentait les deux tiers des dépenses de détail de 1,4 billion de dollars en Afrique en 2016 et devrait encore croître, grâce à l’augmentation des revenus de la classe moyenne et de l’urbanisation.

    L’équipe fondatrice comprend Max Smith (PDG), avec une expérience étendue des ventes et de la recherche de marché en Afrique, Roger Xavier Macia (CCO), ancien CCO chez Jumia au Sénégal, et Ismaila Seck (CTO), un vétéran de la communauté de l’IA au Sénégal titulaire d’un doctorat en apprentissage automatique et en apprentissage profond.

    “Daba est fier de s’associer à Lengo pour étendre davantage sa solution robuste qui répond aux besoins cruciaux du marché en croissance rapide des biens de consommation courante”, a déclaré Boum III Jr., co-fondateur et PDG de Daba. “Nous sommes encore plus déterminés à aider un plus grand nombre d’investisseurs à soutenir de telles entreprises et des start-ups viables pour surmonter les obstacles et sécuriser des capitaux.”

    Autres investisseurs participants

    La levée de fonds pré-amorçage a été co-dirigée par Ventures Platform et Acasia et a également vu la participation d’autres investisseurs de premier plan en Afrique, notamment P1 Ventures, Launch Africa, Voltron Capital, Super Capital et Atlantis Ventures.

    Et ensuite ?

    Avec la clôture de la levée de fonds pré-amorçage, Lengo prévoit d’utiliser les nouveaux financements pour développer la partie IA de son produit afin de se connecter avec les magasins à grande échelle, améliorer l’expérience utilisateur et les analyses en temps réel sur sa plateforme pour les entreprises du secteur des biens de consommation courante, et étendre sa couverture à plusieurs nouvelles villes en Afrique.

    Pour concrétiser cette ambition, la start-up prévoit de recruter davantage de talents, avec une priorité pour les ingénieurs en IA/logiciels et les gestionnaires de produits prêts à contribuer en Afrique.

    Ne manquez pas l’occasion d’investir dans les meilleures opportunités du marché public et privé en Afrique. Tapez ICI pour télécharger l’application Daba dès maintenant.

    Clause de non-responsabilité : Toutes les communications, tous les documents et toutes les communications fournis par Daba, y compris, mais sans s’y limiter, les communiqués de presse, les mémos d’investissement, les rapports, les bulletins d’information et le contenu du site Web, sont destinés à des fins d’information uniquement. Ils ne constituent pas un conseil en investissement ni une offre d’achat ou de vente d’un instrument financier.

  • Daba Backs Senegal’s Lengo AI in Pre-Seed Round

    Daba Backs Senegal’s Lengo AI in Pre-Seed Round

    Both institutional and retail investors were able to participate via Daba’s novel unified investment platform to support Africa’s first AI operating system for FMCGs.

    Daba Finance, a startup that enables investing in Africa’s best private and public companies seamlessly, has participated in a recently closed pre-seed fundraising round by Senegal-based artificial intelligence (AI) startup Lengo. Both institutional and retail investors were able to participate via Daba’s novel unified investment platform.

    Daba was launched in 2021 with a simple mission—to democratize investing in Africa by providing a barrier-free way for investors (of every level) to access curated investment strategies and build wealth by investing in the African private and public capital markets, through its all-in-one platform.

    What is Lengo?

    Founded in 2021, Lengo is an AI platform that offers an extensive database and insights on consumer goods for companies in the Fast Moving Consumer Goods (FMCG) sector in Africa.

    Image credit: Lengo AI

    Lengo taps into the vast network of corner shops that account for 90% of purchases across the continent, operating as a software-as-a-service (SaaS) solution and combines the efforts of field agents known as Lengo Eagles and AI to deliver real-time product sales performance data, connecting retailers and FMCG companies.

    The startup currently provides insights on more than 2,000 products, has mapped close to 30,000 shops, and more than 25 CPG companies use its monthly platform to “stop guessing Africa” and know where to win on the continent.

    Why we backed Lengo

    Africa is expected to account for up to 40% of the human population by the end of the 21st century with the FMCG market positioned to emerge as its first globally relevant industrial sector.

    As the demand for packaged food, beverages, personal care products, and household items surges, multinational companies are expanding their presence and local players are emerging. But they need help with infrastructure limitations and a dearth of data on consumer preferences, market trends, and supply chain dynamics.

    Lengo solves the latter problem by leveraging AI and is poised to capture a major market share in an industry that accounted for two-thirds of Africa’s $1.4 trillion retail spending in 2016 and is expected to grow even further—driven by rising middle-class incomes and urbanization.

    Image credit: Lengo AI

    The founding team includes Max Smith (CEO), with extensive experience in sales and market research across Africa, Roger Xavier Macia (CCO), former CCO at Jumia in Senegal, and Ismaila Seck (CTO), a veteran of Senegal’s AI community with a PhD in machine and deep learning.

    “Daba is proud to partner with Lengo on further scaling its robust solution that caters to the crucial needs of the fast-growing consumer goods market,” said Boum III Jr., co-founder and CEO of Daba. “We are even more determined to assist a greater number of investors in supporting such companies and viable startups in overcoming obstacles to secure capital.”

    Other participating investors

    The pre-seed round was co-led by Ventures Platform and Acasia and also saw participation from other leading VCs in Africa including P1 Ventures, Launch Africa, Voltron Capital, Super Capital, and Atlantis Ventures.

    What next?

    With the pre-seed round closed, Lengo plans to use the new funding to develop the AI portion of its product to connect with stores at scale, improve user experience and real-time analytics on its platform for CPGs, and grow its coverage across several new cities in Africa.

    To drive this ambition, the startup plans to recruit more talent, with a priority on AI/software engineers and product managers ready to build in Africa.

    Don’t miss the opportunity to invest in Africa’s best public and private market opportunities. TAP HERE to DOWNLOAD the Daba application now.


    Disclaimer: All communications, documents, and communications provided by Daba, including but not limited to press releases, investment memos, reports, newsletters, and website content, are intended for informational purposes only. They do not constitute investment advice or an offer to buy or sell any financial instrument.

  • Orange CI IPO: A Lucrative Opportunity Through Daba

    Orange CI IPO: A Lucrative Opportunity Through Daba

    Daba, a ground-breaking mobile investment app in Africa, has changed the African investment landscape, particularly for retail investors. Its recent achievement of enabling individuals to participate in the December 2022 initial public offering (IPO) of Orange CI underscores Daba’s commitment to democratizing access to African investment opportunities.

    The Orange IPO, a milestone in the African telecommunications sector, seemed initially exclusive to institutional investors. However, Daba, a leading African investment platform, bridged this gap. Through our user-friendly mobile investment app, retail investors effortlessly connected with the IPO. This access to private company investing in Africa promises rewarding dividends from the renowned telecom operator.

    Users found navigating the IPO process on Daba’s mobile investment app a breeze. From registering interest to purchasing Orange shares, the simplified process negated complexities usually linked with such investments. As such, investing in African companies, particularly tech and fintech companies, has become more accessible.

    “I couldn’t have participated in the Orange Cote d’Ivoire IPO if it weren’t for Daba. They offer unique African investment strategies and opportunities, and I am excited for more,” one user said. Another added, “As an Ivorian, Daba allowed me to invest safely and easily in one of my favorite companies before it went public.”

    Now, with the announcement of dividends, retail investors who trusted Daba’s solution are anticipating substantial African investment returns. After realizing a profit dividend of 153.485 billion FCFA in 2022, Orange CI decided to offer 126 billion FCFA to shareholders. This allocation represents 82% of the group’s profit, promising each Orange CI share a net dividend of 752.76 FCFA. Given the share price of 9,575 FCFA on May 31, that’s a yield of 7.86%.

    Daba’s transformative impact on the African investment landscape is significant. By democratizing access to IPOs, this innovative startup has leveled the playing field in African capital markets. It’s broken down barriers and opened a world of opportunities for those previously excluded from such ventures.

    As dividends roll in, Daba continues to pave the way for retail investors in emerging African markets. Our platform allows anyone with a smartphone to capitalize on lucrative African investment trends and secure a brighter financial future.


    Ready to join the future of investing in Africa? Download Daba, your gateway to investment opportunities in Africa, and start your investment journey today!

  • Daba Participates in BuuPass’ $1.3m Pre-seed Round

    Daba Participates in BuuPass’ $1.3m Pre-seed Round

    Congratulations to BuuPass – Bus, Train & Flight bookings on their fundraising round and recent successes. We are excited to have enabled institutional and individual investors to invest in the company’s journey.

    BuuPass is a B2B2C full-stack marketplace for sales and ticketing management for long-distance transport industry (bus, shuttle, train & flight) in the East African region.

    The Problem: Transport services in Africa are highly fragmented and undigitized.

    The Solution: A digital fullstack marketplace where transport operators can digitize their operations and increase sales via Buupass marketplace & partners and Travelers can search, compare and book their tickets.

    At Daba Finance, we have a strong focus on driving capital into companies that are creating positive change and driving innovation in their respective industries. With a $40B domestic travel and transport market in Africa and $24B spent on bus tickets in Sub Saharan Africa, BuuPass is well-positioned to make a significant impact on the transportation sector.

    Here are 5 reasons why investors liked BuuPass, why we listed the company and what made their capital raise a success:

    1️⃣ Strong Traction and First Mover Advantage : BuuPass is the first transport marketplace in East Africa with a 73% 5-year CAGR since inception; the company reached break-even in July 2021.

    2️⃣ Interoperability: BuuPass’s interoperability across multiple apps is a competitive moat; the integration of the M-PESA super app allows it to access over 500M+ mobile money users (potential customers)

    3️⃣ Experienced Team: Sonia Kabra and Wyclife Omondi are amazing. The team has solid experience from World Bank, Airtel, safari com, andela, and SWVL along with a street-smart attitude. The team equally has high quality advisors.

    4️⃣ Current Investors: Current investors in this round include Five35 Ventures , Founders Factory Africa, Changecom Capital, Google for Startups Black Founders Fund Program, Maxime Bayen, and Nairobi Business Angel Network. These investors have invested in notable companies such as Zazuu, Zuri Health, Shuttlers, Bitmama, Africa Foresight Group, ImaliPay among others.

    5️⃣ Social Impact: BuuPass is addressing a key challenge in the transportation system across East Africa as it is making commuting easier and more convenient for individuals.

    We look forward to following the growth and success of BuuPass.

    To find more about how Daba powers investing in Africa opportunities for individual and professional investors visit our webpage or connect with our team – https://bit.ly/dabawebsite

    Read Techcrunch article here https://tcrn.ch/3XwgcKg

  • Daba Joins Spleet’s $2.6m Seed Round for Affordable Apartments

    Daba Joins Spleet’s $2.6m Seed Round for Affordable Apartments

    daba Finance, a startup that enables investing in Africa’s best private and public companies seamlessly, has participated in a $2.6 million seed funding round by Nigeria-based Spleet, which provides residential rent management and financing products.

    daba was launched in 2021 with a simple mission—to democratize investing in Africa by providing a barrier-free way for investors (of every level) to access curated investment strategies and build wealth by investing in the African private and public capital markets,  through its all-in-one platform.

    What is Spleet?

    Spleet was founded in 2018, and its mission is to build a marketplace to connect landlords with vetted tenants looking for flexible rent payment options. 

    We have some important news! Spleet has raised $2.6million to scale its residential rent focused products.
    Image from Spleet

    Why Spleet?

    Spleet is one of the foremost startups disrupting Africa’s real estate and property market, which unlike industries such as financial services, has remained unchanged for decades. It has a focus on affordability, which remains a big pain point for residents in urban areas. This is partly because most tenants earn their incomes monthly and often find it difficult to afford the typical 1-2 years of advance rent demanded by homeowners. 

    Since its inception, Spleet has processed millions in rent, housed over 1,000 tenants with flexible payment options, and onboarded over 35 individual and corporate landlords. 

    What next? 

    According to Spleet CEO, Akintola Adesanmi, the funding will go into deepening its product offerings for landlords, real estate agents, and tenants across Nigeria while also testing out new markets.

    “daba is proud to partner with Spleet on further scaling its robust solution that caters to the crucial needs of both sides of the housing market,” said Boum III Jr, co-founder and CEO of daba. “We’re even more motivated to help more investors back more of such companies and qualified ventures bypass the traditional barriers to accessing capital.”

    Don’t miss the opportunity to invest in the next big startup. Tap here to download the daba beta application and use access code: daba3SJPov to start investing