Dotun Olowoporoku Archives | Tech | Business | Economy https://techeconomy.ng/tag/dotun-olowoporoku/ Tech | Business | Economy Mon, 17 Nov 2025 15:12:29 +0000 en-GB hourly 1 https://wordpress.org/?v=7.0 https://techeconomy.ng/wp-content/uploads/2025/06/cropped-256Px-32x32.png Dotun Olowoporoku Archives | Tech | Business | Economy https://techeconomy.ng/tag/dotun-olowoporoku/ 32 32 Key Takeaways from Ventures Platform’s Africa Prosperity Summit on VC Liquidity and Growth https://techeconomy.ng/key-takeaways-from-ventures-platforms-africa-prosperity-summit-on-vc-liquidity-and-growth/ https://techeconomy.ng/key-takeaways-from-ventures-platforms-africa-prosperity-summit-on-vc-liquidity-and-growth/#respond Mon, 17 Nov 2025 15:12:29 +0000 https://techeconomy.ng/?p=171157 Africa’s private capital leaders convened last week at the third annual Africa Prosperity Summit (APS), hosted by Ventures Platform, to chart the path for a new era of verifiable, scalable growth on the continent. The Summit, which was held from November 12th to 14th, 2025, with the theme “Growing the Pie: Building the Pathways for Liquidity, Scale, and […]

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Africa’s private capital leaders convened last week at the third annual Africa Prosperity Summit (APS), hosted by Ventures Platform, to chart the path for a new era of verifiable, scalable growth on the continent.

The Summit, which was held from November 12th to 14th, 2025, with the theme “Growing the Pie: Building the Pathways for Liquidity, Scale, and Enduring Returns”, the Summit provided a forum for investors, operators, and other ecosystem players to explore the dynamics shaping Africa’s next decade of capital formation and liquidity.

The three-day Summit attracted stakeholders from key markets, framing the urgency of establishing clear liquidity benchmarks.

Leading executives, including Temi Popoola GMD/CEO, Nigerian Exchange Group (NGX) Group Plc, Tosin Eniolorunda, CEO of Moniepoint, Chirantan Patnaik, Director, Venture Capital at British Investment International, and Lexi Novitske, General Partner at Norrsken22, engaged in high-level sessions that scrutinised the true mechanics of scale.

They also tackled systemic barriers to sustained liquidity, assessing policy, regulatory, and operational constraints, including FX restrictions and capital controls.

Kicking off the Summit, Kola Aina, Founding Partner at Ventures Platform, in his open remarks emphasised that Africa stands at a pivotal moment where liquidity (not just capital), is the defining lever for scale.

He noted that closing the continent’s liquidity gap, which is driven by limited exit pathways and underdeveloped acquisition and listing markets, requires building acquisition-ready companies, deepening corporate participation in exits, strengthening listing readiness, and innovating Africa-specific liquidity mechanisms capable of driving long-term, continent-wide prosperity.

In a keynote address, Chirantan Patnaik provided a data-driven analysis of capital flows across Africa’s innovation ecosystem, detailing who is deploying capital, what LPs are seeking, and how fund managers must adapt.

By benchmarking Africa against Latin America and India, he drew parallels in market maturation, exit pathways, and fund dynamics, positioning Africa’s current challenges within a proven global growth curve.

His insights framed ongoing discussions on DPI, sustainability, and institutional readiness throughout the Summit.

Dotun Olowoporoku, managing partner at Ventures Platform, commented on the significance of the Summit,

“We started the Africa Prosperity Summit three years ago not just to host another conversation, but to build alignment around what truly drives growth on the continent. And as this year’s convening showed, unlocking liquidity and scale will require collaboration and trusted intelligence across the ecosystem. The next frontier for Africa will not only be about attracting capital, but also about earning it through transparency, resilience, and consistent performance. We remain committed to providing the platform for these conversations to thrive and drive results.”

Discussions extended beyond conventional equity, exploring venture debt, blended finance, and revenue-based financing as viable instruments for enabling African companies to achieve cross-border scale.

A recurring theme was the need for an authoritative measure of exit performance to inform sustainable investment and policymaking.

Participants also highlighted the importance of harnessing local capital as investment pipelines, strengthening talent management and operational infrastructure, and building robust exit strategies, all critical components for scaling startups and businesses successfully across the continent.

In a fireside chat titled “The Road to a Billion: Raising, Scaling, and Building Trust at Scale”, Dotun Olowoporoku and Tosin Eniolorunda shared insights on what it takes to scale African companies to billion-dollar valuations.

Both industry leaders agreed that sustainable growth in Africa requires a balance of ambition and discipline – combining bold vision with rigorous operational execution, building ecosystems of trust, and leveraging local insights to create businesses that are profitable, resilient, and scalable across borders.

Highlighting the importance of data in investment decisions, the Summit also saw the official launch of the first-ever African Exit Index, presented by Michael Famoroti, head of Research at Stears, Africa’s leading financial data provider.

The Index, a continuously updated, publicly accessible resource, aims to benchmark exit performance and provide investors and policymakers with actionable insights for strategic deployment.

Africa Prosperity Summit, now in its consecutive third year, has continued to serve as the essential platform for translating high-level conversations into the actionable strategies and trusted intelligence required for scalable, long-term prosperity.

This year’s edition was proudly sponsored by G. Elias, Aluko & Oyebode, Iron Capital, and Google for Startups Accelerator Africa. In line with its ecosystem-driven approach, this year’s summit was curated in collaboration with several ecosystem leaders, including AVCA, Algebra Ventures, Miva University, Novastar, Wimbart, 7 Generations Institute, and TLP Advisory.

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Juicyway Emerges from Stealth with $3M Pre-Seed to Revolutionise Cross-Border Payments for Africans https://techeconomy.ng/juicyway-emerges-from-stealth-with-3m-pre-seed/ https://techeconomy.ng/juicyway-emerges-from-stealth-with-3m-pre-seed/#respond Tue, 17 Dec 2024 09:28:57 +0000 https://techeconomy.ng/?p=149696 Through its web and mobile apps and APIs, Juicyway simplifies money movement while ensuring market-driven pricing

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Juicyway, a payment startup using stablecoin technology to transform cross-border payments connecting people and businesses to the global economy, has launched out of stealth mode and announced a $3M pre-seed round led by P1 Ventures, with participation from Ventures PlatformFuture AfricaMagic FundAndrew AlliGbenga OyebodeTunde FolawiyoMicrotraction, and others.

Founded in 2021 by Ife Johnson and Justin Ziegler, Juicyway enables individuals and businesses to send, receive, and process payments globally.

The platform supports fiat currencies like the Nigerian Naira (NGN), US Dollar (USD), and Canadian Dollar (CAD), as well as cryptocurrency transactions.

As the creators of Nigeria’s largest price discovery engine, Naira Rates, Juicyway facilitates remittances and provides access to FX through various payment channels. It offers multicurrency accounts and access to a liquidity pool for local and international payments at competitive rates.

Licensed in Nigeria, Canada, the USA, and the UK, Juicyway has processed $1.3 billion across 25,000 transactions, and 4,000 customers, Juicyway has proven its value and efficiency.

Trusted by prominent brands like Bolt, IHS, Piggyvest, Mocoh SA, Bamboo, and Afriex, the company also partners with Access Bank for remittance services.

With remittance fees in Africa averaging 13% on $200 transfers in Q4 2023, there is a clear need for cost-effective solutions.

Juicyway addresses this need by leveraging stablecoin technology to enable fast, affordable global money transfers with 24/7 execution and settlement.

Through its web and mobile apps and APIs, Juicyway simplifies money movement while ensuring market-driven pricing.

By displaying real-time rates based on what other users are willing to pay, the platform creates a liquid ecosystem, lowers remittance costs, and empowers users to trade confidently, allowing greater financial inclusion.

Speaking on the round, Ife Johnson, co-founder and CEO of Juicyway says,

“Africa contributes less than 1% to the $5 trillion global currency market, partly because there’s no liquidity for intra-African currency pairs. The old systems weren’t built to support this. Over the next three years, we want to be the platform where Nigerians and eventually the whole of Africa, and those doing business on the continent can easily convert African currencies to local ones and back. Our ultimate goal is to unlock liquidity for African currency pairs that currently have none. Stablecoin technology and our network model make this vision achievable by enabling fast and efficient money movement. Without it, we’d still be in pursuit of this goal, but it would be far harder to achieve.”

Juicyway App in Use (1)
Juicyway App in Use

Dedicated to building a technology-first platform, operating at both the source and destination of remittances, some of Juicyway’s payment platform features include:

  • Cross-border payments
  • Funds repatriation
  • Treasury management
  • Payment processing
  • Spend management

Commenting on the fundraise, Justin Ziegler, co-founder and COO of Juicyway stated,

“Juicyway’s goal is to build uninterrupted, cost-effective cross-border infrastructure that enables Africa to participate in the global economy on equal footing. Our growth in a short period of time reflects the underlying demand for better global payments. We’re proud to offer a solution that eliminates the need for businesses and individuals to juggle multiple platforms to manage their financial needs. This investment represents a milestone for our company, and we are grateful for the trust and commitment from our investors”.

The funding will drive Juicyway’s growth by supporting team expansion, technological advancements, and entry into new markets. The round includes the addition of Joshua Wasserman, a compliance and regulatory expert with experience at the U.S. Federal Deposit Insurance Corporation (FDIC) and a key leader in building compliance for Cash App.

Juicyway also welcomes Idris Ibrahim, CRO of Juicyway, Ridwan Otun, formerly with Bamboo and Smart Pension, and Ukeoma Chukundah, ex-Klarna and Deimos, as key members of its engineering team.

Hisham Halbouny, co-Founder and managing partner at P1 Ventures who is leading the round said:

We couldn’t be more excited to partner with Ife, Justin and Idris as they tackle one of the most critical challenges in finance. By leveraging innovative stablecoin technology, they’re leapfrogging outdated infrastructure to create a seamless, efficient, and inclusive cross-border payment system that reshapes how Africans connect with the global economy. At P1 Ventures, we seek audacious and exceptional founders like them—visionaries who aim to redefine industries and empower emerging markets. We couldn’t be more excited to support their journey!

Dr. Dotun Olowoporoku, managing partner at Ventures Platform:

“Juicyway’s innovative and forward-thinking approach to cross-border payments strategically positions it as a transformative force in Africa’s rapidly evolving financial landscape. By leveraging cutting-edge technology and deep market knowledge, Ife, Justin and the team exemplify our investment thesis of democratizing prosperity in Africa through innovation. This is achieved through significantly reduced transaction costs, enhanced accessibility to crucial financial services, and seamless cross-border transfer of value on the continent.”

In 2023, Africa received an estimated $90.2 billion in remittances, accounting for 5.2% of GDP and nearly double the amount of overseas aid. These funds are a vital lifeline for millions of families and businesses.

Juicyway is dedicated to making money transfers easier, faster, and more affordable.

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