18/11/2021
Get motivated
IN NIGERIA.....
Naira is doomed, Nigeria is tough, killings everywhere, no security, poverty capital, GEJ is corrupt, PMB is a scam, etc. Yet within a year 5 (FIVE) Unicorns ( Interswitch, Flutterwave, Paystack, Opay and now Andela) have come out of Nigeria, with another one or two to be announced before the end of year.
You had better stop the complaints and find your own feet in the market. According to the news below, extracted and adapted from TechCabal https://bit.ly/3mgikFl
“Andela just became Nigeria’s fifth unicorn!”
“The company, which connects African software engineering talents to global employers, has just secured $200 million at a $1.5 billion valuation in a Series E funding round led by Softbank”.
Pls remind me, what's a unicorn?
A unicorn is any private startup company valued at $1 billion or more. In Africa, there are presently five unicorns including Interswitch, Flutterwave, OPay, and Wave, the last three achieving the status only this year.
Backstory
With a 0.7 acceptance rate, you’d have an easier time getting into Harvard than you would Andela.
Launched in Nigeria in 2014, Andela started as an Africa-focused software developer training and outsourcing company. With time, it grew to become a premier source for talented, well-rounded developers in Africa thanks to its curriculum and training methods.
Marked by Facebook
Two years after launch, Andela got a $24 million infusion, led by Facebook’s Mark Zuckerberg, who followed up with a visit.
Much later, in 2020, the company became fully remote and closed its physical offices in Lagos, Uganda, and Rwanda. At the time, Andela wanted to break geographical limits and increase the number of African applicants who could apply to work with the company.
This decision turned out to be perfect as it helped the company launch into Latin and South America to explore the talent there.
Zoom out: Today, Andela boasts of a network of engineers from more than 80 countries and six continents. Through Andela, thousands of engineers have been placed with leading technology companies including Github, Cloudflare, and ViacomCBS. With its new funding, the company aims to grow its talent pool and help connect even more Africans to global opportunities.’
Dangote will open probably the largest refinery in the world this year with NNPC begging him with US$3B to buy minor percentage share.
Nollywood King of the boys etc hitting it massively on Netflix and the musicians nominated for Grammys.
Kuda microfinance bank startup valued at US$500m!
SoftBank, one of the world’s largest funds made two HUGE beta on Nigeria within 6 months ( Opay and Andela) Visa, MasterCard, Atack, Facebook, Google etc all pouring money into the startup ecosystem in Nigeria In droves…
I need to understand what these guys see in Nigeria that we are not seeing.MORE
-Donald Peterson
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