Why Chinese capital is venturing into Africa’s fintech future

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Until a year or so ago, it was almost unheard of for a Chinese venture capital fund to put money into an African tech start-up, let alone one of the continent’s fintech firms.But in the past few months there’s been a flurry of investment in the sector.In August, a trio of Chinese funds – Qingliu Capital, Jiuhe Venture Capital and Shaka Ventures – ploughed an undisclosed amount into Lagos-based service travel company GONA, which offers cashless bus service and payment solutions.Then in November,…

Vía South China Morning Post https://ift.tt/2PrIOmT

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