On the cutting edge of African Fintech
The rapidly growing African FinTech market presents a wealth of investment opportunities, but also unique risks. Our deep expertise in this sector has enabled us to identify critical issues that could have been easily overlooked.
There has been a tremendous surge in interest from international investors in African FinTech companies, driven by the continent's rapid digital transformation and the increasing adoption of mobile banking. We've found many venture investors eager to invest in blockchain infrastructure for example. As venture markets are growing more competitive for good investment opportunities, the importance of thorough due diligence has never been greater.
In several instances, our due diligence process has uncovered improper use of open-source software, a common but serious issue that can lead to significant legal and financial repercussions. For example, we identified a company that had incorrectly labeled proprietary code as MIT licensed, and another that was using GNU GPL licensed code in a commercial product, which would have forced them to open-source their entire application. Another case involved a company that couldn't properly comply with Saudi Arabia data protection laws given how data was stored on the blockchain.
Our thorough approach not only protected our client from immediate financial and legal risks but also solidified their reputation as a diligent and responsible player in the market. This success story is a testament to our commitment to providing comprehensive due diligence that goes beyond surface-level analysis. We pride ourselves on our ability to uncover hidden risks and provide our clients with the insights they need to make sound investment decisions.
