But its the innovative young startups from emerging markets that have the potential to create the biggest impact.
Yet, funding and opportunities are still given disproportionately to startups based in established markets.
so you can solve the worlds biggest problems, we dont need solutions that are one size fits all.
We need local innovation that will help solve local challenges and spur change.
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The Swiss-based private company is on a mission to impact peoples lives in emerging markets through technology and entrepreneurship.
And this year theyre teaming up with TNW to bring it to an even wider audience.
For Santiago, becoming a finalist in Seedstars competition will help significantly.
These are typically very tough industries and regions in which to gain traction and attract the attention of investors.
Decreasing wealth inequality
Another issue that the pandemic has shined a light on?
The ever-growing wealth inequality gap.
This is definitely true for the financial services industry.
MalaysiasFinologyis a startup that enables seamless access to financial products via their technology and digital distribution channels.
Finology is pushing this, as it enables seamless access to financial products everywhere using end-to-end digital broking technology.
Unfortunately, some emerging markets lacked supportive operating environments.
This is true for Nigeria, where there is a high dependence on commodity exports.
One key in building resiliency as a startup is staying sustainable.
Olaseinde says Ladda tries to keep costs under control to sustain a good cash flow position and strong buffers.
Laddaprovides cheap, convenient access to investment opportunities for retail investors in Nigeria.
But he noted that the Seedstars World Competition, provides direct and indirect funding opportunities, to all competitors.
To them, we say it was the future, but 20 years ago.
Thats where a startup like Tunisias Fulfillment Bridge comes in.
Khadhraoui says the past year has helped the startup shape both its vision and mission.
As Khadhraoui says,
Everyone is in a marathon to adopt the e-commerce infrastructure.
This means understanding legislation, logistics, payment, and user education for this new normal.
Eager to find out who will be this years Global Winner?
Registerhereto watch the live public broadcast on 20 May 2021 at 2 pm CEST.
This post is brought to you bySeedstars.
