A 19-year-old Thiel fellow just raised $7.3 million to build an African 'super app' | Fortune
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A 19-year-old Thiel fellow just raised $7.3 million to build an African 'super app' | Fortune
"Swoop, which drew funding from Long Journey, Variant, Version One, Dune Ventures, and Soma Capital, has ambitions far bigger than food delivery. The company's young founder plans to release a payment app and other services in a bid to create a super app for Africa—a continent that is young, growing, and flooded with mobile phones."
"The Thiel fellowship, founded by billionaire investor Peter Thiel in 2011, offers young people $250,000 to skip or drop out of college and 'build new things.' Notable recipients include Figma CEO and co-founder Dylan Field, Ethereum co-creator Vitalik Buterin, and at least one early employee at Elon Musk's Department of Government Efficiency."
"By the time he reached Berkeley, Niederhoffer had already shut down the company and was preparing to launch Swoop. After debuting the food delivery app in Eswatini in the summer after his first year of college, Niederhoffer decided to drop out of school and pursue his business full-time."
Aubrey Niederhoffer, a 19-year-old entrepreneur, dropped out of UC Berkeley to launch Swoop, a food delivery app in Lagos, Nigeria. The company secured $7.3 million in seed funding and aims to develop a super app for Africa. The Thiel Fellowship, which offers $250,000 to young innovators, recognized Niederhoffer for his entrepreneurial spirit. His interest in Africa began during childhood, leading him to start a recruiting company at 15. After debuting Swoop in Eswatini, he moved to Lagos to expand the business and enhance the app with AI tools.
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