Tech in Africa
Flutterwave the Silicon-Valley based and Pan-African focussed payments company has acquired Nigeria creator platform Disha. The deal is undisclosed but is expected to be a six-figures. Disha is a platform allowing digital creators to curate and receive payments from their content and portfolios worldwide.
Early this year, Disha made an announcement of its closing down for unclear reasons. In the deal terms, Disha will carry on operating as a separate brand, The startup’s 20,000 users will earn value from their digital content using Flutterwave’s payout and collection solutions. Disha was founded in 2019 by Evans Akanno, Rufus Oyemade, and Blessing Abeng.
Olugbenga ‘GB’ Agboola, Flutterwave founder and CEO described the investment as a way for the cross-border startup to offer new opportunities to freelancers and creators. The fintech unicorn will allow Disha to continue operating as its own brand. The focus will instead go towards its features and integrations that will help those creators easily schedule meetings, exhibitions and build sustainable income through subscriptions and leveraging technology.
Most of Disha’s customers are based in the US, EU, and U.K markets, presenting a chance for the company to cater to those who create, own, sell or share digital experiences through NFTs. Flutterwave has had an active 2021, closing strategic partnerships with Nigeria Digital bank 9PSB in September, Currencycloud, and Airtel Money in early October. Other creator platform startups in Africa are such as Selar and Irawo.
Source: TechCrunch
