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Author Topic: [2014-08-25] ventureburn.com - Are African Remittance Startups Missing the ..  (Read 799 times)
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August 25, 2014, 07:37:31 AM
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http://ventureburn.com/2014/08/are-african-remittance-startups-missing-the-bigger-picture/

edit: typo - ventureburn, not venturebum  Smiley
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August 25, 2014, 11:58:52 AM
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Nope, I don't think they are missing the bigger picture and more of these types of services will pop up to cover all aspects of the remittance market.

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Ventureburn recently posted an article about startups trying to pop Africa’s remittance bubble. I applaud the efforts of these startups in trying to address the issue of the above average cost of sending money to Africa which is a real hindrance to Africa’s development as a key player in the global trade arena.

However a quick analysis of the list shows that most of the start-ups are focused on bitcoin as a more affordable currency alternative, peer to peer transfers and the uni-directional flow of money from western countries to Africa.

Not that there's anything wrong with that, but I also think it's not true.
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