Business Andela explains startups’ preference to venture capitalists over banks – Nairametrics

[Nigeria Business News]

In January 2019, Andela secured $100 million from foreign investors, thereby continuing a trend that has long characterised the Nigerian startup space.

Private Equity firms have gradually become the only accessible source of capital available to Nigerian Startups with growth potentials, even as the relationship between commercial banks …



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[Uncletunde]

While the startups prefer Venture Capitalists. Most SMEs also do not borrow from banks to fund their businesses. They usually resort to Fintech companies like fundall.io to help them raise the required capital needed for their businesses.