"The return after dilution was eight times my investment," said Selma Ribica in an interview with TechCrunch recently. "I kept some stock of the new entity, but a big majority was cash."
Like InstaDeep, the acquisition of Expensya underscores the potential of Africa-founded products to serve global markets and subsequently get bought by larger companies.
Building global products was often an afterthought, particularly as local solutions, especially fintechs, demonstrated exit opportunities by just targeting markets within the continent.
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