Player FM uygulamasıyla çevrimdışı Player FM !
An African Tech Exit - Selling Sendwave for $500 Million
Manage episode 423374201 series 2585062
One of the African tech ecosystem's largest exits was the 2020 sale of Sendwave to WorldRemit for $500 million.
Sid Sridhar was Sendwave's Head of Business at the time, and in this episode, Sid shares his M&A lessons for the African tech ecosystem.
Sid is now the Head of Business at Wave, the mobile money company spun out of Sendwave that's competing head-on with the telcos in Francophone West Africa. Wave raised a $200 million Series A in 2021, valuing the company at $1.7 billion.
00:00 - Introduction
01:32 - Every deal is different
02:16 - Know the business model that you're building for
02:40 - Companies get bought not sold
03:41 - How to qualify a deal
04:53 - Be smart & strategic with information
05:31 - Be transparent
06:24 - Stay close to potential buyers
07:39 - Alignment with investors
Follow Sid on Twitter
Check out other episodes from the Fintech in Africa Summit:
Nigerian Neobank Roundtable: Moniepoint, Kuda, FairMoney
Why Are Cross-Border Payments So Hard?
Tackling Africa’s $330 Billion Credit Gap
Our Links -
🎥 YouTube - https://youtube.com/@theflipafrica
💻 Website - https://theflip.africa
🐦 Twitter - https://twitter.com/theflipafrica
👥 LinkedIn - https://www.linkedin.com/company/theflipafrica/
📸 Instagram - https://instagram.com/theflipafrica
85 bölüm
Manage episode 423374201 series 2585062
One of the African tech ecosystem's largest exits was the 2020 sale of Sendwave to WorldRemit for $500 million.
Sid Sridhar was Sendwave's Head of Business at the time, and in this episode, Sid shares his M&A lessons for the African tech ecosystem.
Sid is now the Head of Business at Wave, the mobile money company spun out of Sendwave that's competing head-on with the telcos in Francophone West Africa. Wave raised a $200 million Series A in 2021, valuing the company at $1.7 billion.
00:00 - Introduction
01:32 - Every deal is different
02:16 - Know the business model that you're building for
02:40 - Companies get bought not sold
03:41 - How to qualify a deal
04:53 - Be smart & strategic with information
05:31 - Be transparent
06:24 - Stay close to potential buyers
07:39 - Alignment with investors
Follow Sid on Twitter
Check out other episodes from the Fintech in Africa Summit:
Nigerian Neobank Roundtable: Moniepoint, Kuda, FairMoney
Why Are Cross-Border Payments So Hard?
Tackling Africa’s $330 Billion Credit Gap
Our Links -
🎥 YouTube - https://youtube.com/@theflipafrica
💻 Website - https://theflip.africa
🐦 Twitter - https://twitter.com/theflipafrica
👥 LinkedIn - https://www.linkedin.com/company/theflipafrica/
📸 Instagram - https://instagram.com/theflipafrica
85 bölüm
Alle episoder
×Player FM'e Hoş Geldiniz!
Player FM şu anda sizin için internetteki yüksek kalitedeki podcast'leri arıyor. En iyi podcast uygulaması ve Android, iPhone ve internet üzerinde çalışıyor. Aboneliklerinizi cihazlar arasında eş zamanlamak için üye olun.