Egypt’s Minly has raised $3.6 million in seed funding to connect fans and celebrities with authentic and personalised experiences. The round, which the startup says was ‘oversubscribed’, was co-led by 4DX Ventures, B&Y Venture Partners, and Global Ventures.
It also included participation from unnamed regional funds and angel investors like Scooter Braun, Founder of SB Projects, and Jason Finger, Co-founder of SeaIn Nigeria, the Micro, Small, and Medium Enterprises sector has contributed up to 50% of the country’s Gross Domestic Product (GDP) in the last five years, providing up to 80% of jobs.
On a global scale, the United Nations (UN) also records that MSMEs account for 90% of businesses across the globe and provide 60-70% of employment.
Impressive statistics surely, but as with every sector, it was dealt severe blows by the COVID-19 pandemic.
In celebration of World MSME Day, Techpoint Africa had a chat with some of these heroic owners concerning technology’s impact on their businesses and how to determine a way forward.mless Web and GrubHub.
Source : https://techpoint.africa/2021/06/28/techpoint-digest-112/