Pangea to unlock diaspora inflows as funding source for African startups

Norway’s Pangea Trust, through its equity crowdfunding platform Connect, is unlocking diaspora remittance inflows as a source of funding for early and growth-stage startups in Africa.
Remittances from abroad reached $45 billion in 2021, with Nigeria, Ghana, Kenya, Senegal and Zimbabwe leading the list of recipient countries.
And as annual inflows grow, Pangea’s country director and CEO for Kenya Anne Lawi told TechCrunch, diaspora remittances can be tapped to increase the amount of funding injected into startups. Startups in Africa raised nearly $5 billion in funding last year but the amount r

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