mastercard-withdrew-its-commitment-to-invest-$100m-in-54-collective,-a-top-vc-firm-in-africa,-where-startup-funding-fell-from-$46b-in-2022-to-$2.2b-in-2024-(damilare-dosunmu/rest-of-world)

Mastercard withdrew its commitment to invest $100M in 54 Collective, a top VC firm in Africa, where startup funding fell from $4.6B in 2022 to $2.2B in 2024 (Damilare Dosunmu/Rest of World)

Damilare Dosunmu / Rest of World:
Mastercard withdrew its commitment to invest $100M in 54 Collective, a top VC firm in Africa, where startup funding fell from $4.6B in 2022 to $2.2B in 2024  —  The withdrawal leaves a gap in support for early-stage startups, as Africa’s tech funding has been declining since 2022.

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