GreenHouse Capital and EMURGO Africa have partnered to build an investment plus advisory platform for fintech and web3 startups across Africa and the Middle East.
Through the partnership, EMURGO Africa and GreenHouse Capital will co-invest in cutting-edge Web3/Blockchain and fintech companies transitioning from fintech 2.0 to blockchain-based 3.0, across the Middle East & Africa.
It also brings together Greenhouse Capital’s expertise in early-stage venture capital and EMURGO Africa’s focus on blockchain technology.
The firms believe that startups and investors see the greatest impact and return when capital is backed by deep operator support, local on-ground know-how, and access to exceptional talent.
“We’ve been working together for over a year now, co-investing in best-in-class companies such as Busha, ScaleX, and Bitmama. We at Greenhouse are thrilled to be taking our partnership to the next level by solidifying how we work together to drive adoption of Web3/Blockchain and crypto by governments, private enterprises, and individuals,” said Bunmi Akinyemiju, CEO of Greenhouse Capital.
“More than $5 billion in funding was raised by African startups in 2022 with the fintech sector consistently accounting for a majority and blockchain raising significantly more year-on-year.
“Combined with Africa having the youngest population in the world and one of the world’s fastest rates of blockchain adoption, EMURGO Africa firmly believes these factors will help drive Africa’s technological revolution in the years to come, led by fintech and Web3 technologies,” said EMURGO Middle East & Africa co-CEO Yosuke Yoshida.