Africa

Africa: Float Wants to Provide Liquidity to African Smbs in a Way Never Done Before

Africa: Another False Start in Africa Sold With Green Revolution Myths


According to research, 85% of African SMBs have zero access to financing, and each day, African SMBs have billions locked up in receivables due to long payment cycles. This leads to cash flow problems that cause businesses to be late on important expenses and fulfilment of new orders.

Jesse Ghansah and his co-founder Barima Effah want to answer these problems with their newly launched startup Float.

Disclaimer: The Post Africa: Float Wants to Provide Liquidity to African Smbs in a Way Never Done Before was first Published by TechCrunch on allafrica.com.

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