Skip to content
Twitter
Instagram
Youtube
Linkedin-in
Envelope
  • Digital Banking
    • Financial Inclusion
    • Latest Issue
  • Investments
  • RegTech
  • Open Banking
  • Blockchain
  • Paytech
  • Videos
  • Awards
  • Events
Menu
  • Digital Banking
    • Financial Inclusion
    • Latest Issue
  • Investments
  • RegTech
  • Open Banking
  • Blockchain
  • Paytech
  • Videos
  • Awards
  • Events
Twitter
Instagram
Youtube
Linkedin-in
Envelope
Menu
  • Digital Banking
    • Financial Inclusion
    • Latest Issue
  • Investments
  • RegTech
  • Open Banking
  • Blockchain
  • Paytech
  • Videos
  • Awards
  • Events

OUR LATEST ISSUE

HAVAÍC expects bumper year for African tech startups

  • Investments

Digital Banker Africa

Twitter
Facebook-f
Youtube
Linkedin-in

As one of South Africa’s most active Venture Capital investors, HAVAÍC says 2020 saw the commercial adoption of technology increase at unprecedented rates, as illustrated by the performance of HAVAÍC and its portfolio companies. 2020 saw HAVAÍC’s portfolio companies grow their revenue by a staggering 93%, and in the coming months, Ian Lessem, Managing Partner at HAVAÍC, believes the economic, social and commercial prospects for investing in the African technology sector looks promising, especially as the acceleration of technology adoption continues.

According to the recent African Tech Startups Funding Report 2020, published by Disrupt Africa, the year produced a record for funding activity in the African tech startup ecosystem, owing to the increased number of active investors on the continent that continued to grow in tandem with additional investment opportunities across more geographies in an increasing number of verticals.

In line with this, last year, the Cape Town-based early-stage, high-growth technology investor concluded eight investments in technology companies located in South Africa, Kenya and Nigeria.

Ian Lessem, Managing Partner at HAVAÍC

HAVAÍC says its track record for investing in diversified African technologies, and niche for unlocking the potential of globally relevant companies in sectors in need of real-world solutions is especially relevant as demand for technology enabled cloud-based solutions crosses over from early adopters’ changing personal needs, as we saw in 2020, to their business needs, as we continue to see today.

“It’s an exciting time for the continent’s startup and investor communities. Fintech, e-commerce and e-health show immense promise for further growth both in terms of funded ventures as well as for their local and international adoption and revenue growth,” notes Lessem.

He adds that African startups are reaching new heights in terms of broad global appeal. “With our portfolio servicing close to half a million clients in over 180 countries across the globe, and with the majority of our investments having successfully moved their Intellectual Property or operations into markets such as the US and UK, as well as achieving multiple international exits, HAVAÍC’s portfolio companies are well on track to fulfilling their international potential.”

While the Covid-19 pandemic has forced people and organisations the world over to pivot and quickly adapt and re-strategise in obvious ways, Lessem says the coming months will be interesting as more subtle, but no less impactful solutions come to the fore. “Innovation thrives in times of challenge and uncertainty, and given the disruptive nature of our investments, HAVAÍC’s investment thesis to support local and act global, is resulting in capital inflows and foreign investment into Africa, while delivering ‘Dollarised’ returns to our portfolio companies and investors.”

About HAVAÍC

 

HAVAÍC is an investment and advisory firm that specialises in investing and supporting early-stage, high-growth post-revenue African businesses driven by technology with global prospects. As a complementary offering, HAVAÍC provides corporate advisory and capital raising services to its portfolio companies as well as emerging, internationally scalable businesses.

 

To optimally support our investments, HAVAÍC is run and operated by partners with extensive local and international experience (raising capital, M&A and strategic analysis), providing personalised and bespoke transactional expertise and strategic advice. Our portfolio companies retain their independence and are encouraged to maintain their unique cultures. We are deeply invested in our ventures, ensuring greater commitment and accountability.

PreviousCOVID Kairos Creates Opportunity for PWD Digital Accessibility in Kenya
NextFBC Transformation Delivers Results

Related:

Access Bank: Helping customers access more

Payment system modernisation in Zimbabwe

FBC Transformation Delivers Results

HAVAÍC expects bumper year for African tech startups

COVID Kairos Creates Opportunity for PWD Digital Accessibility in Kenya

Payment technology from a regulatory and compliance perspective: Experience from Nigeria

The emergence and rise of open banking

The top 10 digital banking trends for 2021

IDEMIA Partners with TymeBank to Provide Contactless Payment Solutions to South Africans

Kuda Bank Revolutionises Banking for Millennials

  • Digital Banking
    • Financial Inclusion
    • Latest Issue
  • Investments
  • RegTech
  • Open Banking
  • Blockchain
  • Paytech
  • Videos
  • Awards
  • Events
Menu
  • Digital Banking
    • Financial Inclusion
    • Latest Issue
  • Investments
  • RegTech
  • Open Banking
  • Blockchain
  • Paytech
  • Videos
  • Awards
  • Events
Twitter
Instagram
Linkedin-in
Youtube
Envelope
  • About
  • Contact
  • Subscription
  • Privacy Policy
Menu
  • About
  • Contact
  • Subscription
  • Privacy Policy

Digital Banker Africa

Close Menu
We use cookies and related tracking technologies to personalize and enhance your experience on our site. Visit our Cookie Policy to learn more about cookies an how to manage your personal preferences. By clicking "Accept', you agree to the use of cookies and related tracking technologies.
Cookie settingsACCEPT AND HIDE THIS NOTICE
Privacy & Cookies Policy

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
Necessary
Always Enabled

Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.

Non-necessary

Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.

SAVE & ACCEPT