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Three Common Mistakes Startups Make When Running Lean Experiments – And How To Avoid Them
Reaching product-market fit is critical to growing a startup, but the process can be chaotic, as founders must solve multiple problems at once. But while planning and strategizing can address some of these issues, Akansha Kasera and Malika Anand at Catalyst Fund argue that the most robust solutions come from experiments and iterations. They explore the lean experimentation approach used by Catalyst Fund's portfolio companies, share a free product-market fit toolkit that can guide experiment design — and highlight three mistakes to avoid during this crucial process.
- Categories
- Finance, Impact Assessment
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Nigerian Mobility Startup Moove Raises $63.2 Million Series A to Democratise Vehicle Ownership
Moove is democratising vehicle ownership in Africa by providing revenue-based vehicle financing to mobility entrepreneurs.
- Categories
- Social Enterprise, Technology, Transportation
- Region
- Sub-Saharan Africa
- Tags
- startups, transportation
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Nigerian E-commerce Startup, Omnibiz, Secures $3 Million Seed Round To Expand Across West Africa
Nigeria-based Business to Business (B2B) eCommerce startup, Omnibiz has announced securing $3 million in a seed round.
- Categories
- Finance, Investing, Technology
- Region
- Sub-Saharan Africa
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Nigerian Angel Investor Olumide Soyombo Co-Launches Fund to Bridge Funding Gap for African Startups
After years of investing on his own, Nigerian angel investor Olumide Soyombo is launching his own venture to support African-based startup companies.
- Categories
- Investing, Technology
- Region
- Sub-Saharan Africa
- Tags
- impact investing, startups
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Nigeria’s Kuda Bank Raises $55 Million At $500 Million Valuation
Nigerian FinTech startup Kuda Bank notched $55 million in a Series B funding round at a $500 million valuation as the digital bank seeks to expand into other countries across Africa.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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Kenya’s Wapi Pay Raises $2.2 Million Pre-Seed for Cross-Border Payments Between Africa and Asia
Wapi Pay will use the investments to engage regulators for licensing across Africa and for scale, product and geographical expansion.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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Viewpoint: The Emerging Market Grind: How ‘Doing More With Less’ Leads To More Resilient, Scalable Startups
Sebastián Vidal discusses why startups that want to become profitable and enduring, fast, should consider starting up in emerging markets.
- Categories
- Investing
- Region
- Global
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South Africa’s Khula Closes $1.3 Million Seed To Scale Its Software-for-Agriculture Platform
Inadequate financing, education and input distribution persist, but startups such as Khula are providing innovative solutions to these problems.
- Categories
- Agriculture, Education, Technology
- Region
- Sub-Saharan Africa
- Tags
- startups
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