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Yango Ventures has Launched a $20 Million Fund to Support African Startups
Yango Group, a tech company known for its innovative solutions, has just launched Yango Ventures, a $20 million fund to help startups in Africa, Latin America, the Middle East, and other fast-growing regions. This Yango Ventures $20 million fund isn’t just about handing out money, it’s a full package deal. Startups will get cash, expert advice, and access to Yango’s global network to grow their businesses.
The focus is on early-stage startups (think companies just starting out or scaling up) in areas like online-to-offline services (like apps that connect people to real-world services), B2B SaaS (software for businesses), and fintech (tech for banking and money). Why these areas? Because they’re key to solving everyday problems and boosting economies.
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Daniil Shuleyko, CEO of Yango Group, says this isn’t just about investing, it’s about creating a community where startups can thrive. “We’re not just writing checks,” he explains. “We want to build a system where entrepreneurs get the tools, connections, and support they need to succeed.”
In places like Zambia, where young entrepreneurs have big ideas but often lack resources, Yango Ventures plans to step in. Kabanda Chewe, who leads Yango in Zambia, notes the country’s “huge potential” and promises Yango will be more than just a bankroll. “We’ll be partners,” he says.
But funding is just the start. Yango Ventures will also host networking events, mentorship programs, and even team up with schools to teach future entrepreneurs practical skills. Imagine hackathons (brainstorming sessions) for urban mobility or training programs like Yango Education, these are designed to help startups solve real-world problems.
The team behind Yango Ventures isn’t new to this game. They’ve built successful products in mobility, AI, and more, so they know what works. And here’s the best part: this Yango Ventures $20 million fund launch to support African startups is just the beginning. If demand grows, the fund will too.
Yango Ventures is a global project with local roots. It’s about using tech to drive change in communities, whether that’s improving transportation in Zambia or making banking easier in Pakistan. By blending money, mentorship, and a global network, Yango is betting on startups to create a brighter future.
So, what’s next? Expect to see startups in Africa and beyond using this fund to turn ideas into reality. With Yango Ventures, the goal isn’t just to grow businesses, it’s to build a world where innovation solves problems and lifts people up.
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