Having turned to seed investment, Iyinoluwa Aboyeji, the co-founder of Nigeria’s Flutterwave and Andela, is opening a branch of his company Future Africa in Israel’s tech hub Silicon Wadi. A well-known and respected figure in African tech for his part in the creation of the payment platform Flutterwave and the coding trainer Andela, Aboyeji has, for the past two years, been working on investing in start-ups on the continent. Called Future Africa, his venture capital company has announced the establishment of an office in Tel Aviv, the home to the geolocation application Wave – bought by Google in 2013 – and to the controversial surveillance company NSO Group. “Aboyeji tapped Caleb Zipperstein to break into the Israeli market, best known for its expertise in cybersecurity. This former associate director of the Israeli venture capital fund, OurCrowd has an address book full of in potential investors (limited partners) from the world of tech and politics.” After Tel Aviv, Iyinoluwa Aboyeji will also be responsible for overseeing Future Africa’s upcoming expansion to Dubai and London.
SOURCE: THE AFRICA REPORT