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Can prediction markets fix a multi-billion-dollar information gap for African startups?
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Can prediction markets fix a multi-billion-dollar information gap for African startups?
Consider a hypothetical but common scenario in Africa’s tech ecosystem: A fintech startup raises $35 million in 2023 to bring embedded finance to SMEs across East Africa. The thesis was elegant: small businesses needed working capital, banks weren’t serving them, and mobile money made digital lending feasible. Eighteen months later, they’d burned through the capital and were pivoting. The problem wasn’t execution. It was information, but not the…
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