The Nigerian fintech startup, Flutterwave made a splash today after it became Africa’s newest unicorn. Here’s tech startups and enthusiasts need to know about the race to $1 billion.
With great valuation comes great burden.
How did ‘unicorn’ go from being used to describe mythical creatures to being used to describe startups that are valued at $1 billion or more?
Despite the dominance of US, the rest of the world also produces their unicorns with global or regional relevance. So, which startup will rule out of Nigeria (Africa) and be the Unicorn… and how?
They are famous, with towering valuation, but are they profitable? How do they try to turn profit? We examined six billion-dollar tech companies and see where the money comes from. It’s Thursday, 9th October 2015 and here is the roundup of today’s big stories.