Ugandan Startup, Zofi Cash, raised $1m in May. Raising funding requires founders to have cleared a good number of metrics.

The entrepreneurial landscape in Uganda has witnessed a remarkable upsurge, with a proliferation of startups offering innovative solutions to local and global challenges. This burgeoning ecosystem has been fueled by a combination of factors such as technological advancements, a youthful demographic, and an increasingly supportive regulatory environment. However, the journey from a fledgling startup to a successful enterprise is fraught with numerous challenges. One of the most significant hurdles is securing adequate funding to propel growth and expansion. In the words of renowned entrepreneur and venture capitalist, Paul Graham, a startup is a “company designed to grow fast.” This rapid…

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About the Author

Jonathan is the Senior Tech, Startups and Venture Capital Reporter at CEO East Africa.

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