Democratizing Access to Businesses in Africa (DABA) is bridging the gap for African investors seeking to expand into the global market. Boum III Jr. (co-founder of DABA) and Winnie Okello, P.E. (founder of AEN) discussed Africa’s first social investment application; you can catch up on the lively discussion on AEN’s podcast titled Own The Narrative Africa.
Thanks to DABA, a Kenyan HR startup Crew HR & Payroll has rebranded as FaidiHR after it received an undisclosed amount of funding from SprintX, a US-based VC focused on early-stage startups. Founded in 2018, the startup offers an all-in-one cloud platform that allows small and medium enterprises in Africa to automate their HR processes – including payroll, off-days, employee data, tasks, inventory, training, appraisals, and expenses. The undisclosed round of funding will be used to expand in East Africa, with the startup eyeing entry into Uganda, Tanzania, and the Democratic Republic of Congo (DRC).
The world is slowing catching up with what many on the continent have known for a long time; the future of investing is Africa.”
