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Did you know that over 525 million people used the internet in Africa in 2019? If current growth trends continue, almost 75% of Africans are expected to come online by 2030.
African Changemaker
Nichole is a Nigerian tech entrepreneur who champions female entrepreneurship and empowerment in Africa’s tech ecosystem.
As the Founder and Managing Partner of The Chrysalis Capital, Nichole has made significant contributions to the tech industry and inspired countless entrepreneurs and investors. The Chrysalis Company houses Chrysalis Capital, an investment management firm focused on early-stage tech companies in emerging markets.
Before founding The Chrysalis Company, she was the Managing Partner at GreenHouse Capital (GHC). Nichole is also actively engaged in serving as the local partner for foreign investors eager to transform African technology startups.
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Cascador and Sterling Bank have announced a $200 million SME Credit Backstop Fund designed to help Nigerian small and medium-sized enterprises secure larger, longer-term bank loans with lower collateral requirements.
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Nithio has provided financing to Nigerian electric mobility company MAX, bringing its Series B3 funding round to $29 million to support the expansion of electric motorcycles and solar-powered charging and battery-swapping infrastructure across African markets.
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AfricaWorks Investment Partners (AWIP), the real estate investment arm of flexible workspace operator AfricaWorks, has closed its second fund with $25 million in equity and debt to acquire and develop mixed-use properties in West Africa.