Telecom

Flash, a company that accompanies the growth of star-up in the DRC

Flash, a company that accompanies the growth of star-up in the DRC
Tuesday, 11 February 2020 11:28

Entrepreneurship has boomed with the advent of new technologies. The growth in internet penetration in the Democratic Republic of Congo has encouraged the creation of many young companies working in new technologies.

According to some studies, the failure rate of Start-Ups is estimated at 90%. Therefore, Start-Up financing is always perceived as a risky bet by banks. However, most start-ups have significant financing needs due to initial technological investments.

In the DRC, FLASH International is among the companies that support innovative Start-Ups by providing them with financing for their growth and a support framework for the success of their projects.

SCHOOLAP is among the Start-ups that benefit from FLASH International funding for its growth and finally accelerate its techno-innovation in the education field throughout the national territory.

The announcement of this funding was made on December 17, 2019 during a press conference in Kinshasa in front of media professionals, as well as representatives of the political world and the business ecosystem.

Jonathan Johannesen, CEO of Flash International, and Pascal Kanik, CEO of Schoolap, signed a memorandum of understanding during the press conference for funding of $ 500,000.

About Flash International

Flash International is a company working in FinTech, it offers financial services and value-added products to the Congolese population through the Flash/CFC agencies network.

About Schoolap

SCHOOLAP SARL, a technology company in accordance with Congolese law, offering digital education services through mobile, web and desktop applications via the Internet and the commercialization of various types of IT terminals, equipped with a range of products that facilitate access to educational content for students, teachers, students and other scientists, as well as the administrative management of primary, secondary, professional and university education.

13054 tel

On the same topic
Reliable, high-capacity international connectivity is crucial for driving economic growth, enabling digital services, and promoting regional...
• Morocco to build 500 MW green-powered data center in Dakhla to boost cloud infrastructure• Part of Digital Morocco 2030, aiming for data sovereignty and...
• Cameroon and Chad plan to launch free mobile roaming by August 11, following a joint coordination meeting in N'Djamena• The move revives a stalled CEMAC...
By investing in shared, open-access fibre networks, Vodacom and Maziv can help drive more affordable retail broadband pricing and reduce barriers for...
Most Read
01

• Investors seem to keep focusing on yields, which are high for the moment• New Leadership might see...

Afreximbank Bonds Retain Market Confidence Despite Moody’s Downgrade
02

• Qatar Airways and Kenya Airways establish strategic agreement, introducing a third daily flight be...

Qatar Airways Expands its Network in Africa, Building Presence in Kigali, Johannesburg, and Nairobi
03

• ECOWAS Bank funds 47.7-km stretch of strategic 700-km road project• Lagos-Calabar highway seen boo...

Nigeria Secures $100 mln ECOWAS Bank Loan for Lagos-Calabar Coastal Highway
04

• EY is preparing to leave Francophone Sub-Saharan Africa by 2026• The exit could unlock $500 m...

EY’s Exit Creates $1bn Opportunity in Francophone Africa Consulting Market
05

• Inflation within the West African Economic and Monetary Union (UEMOA) fell to a two-year low of 0....

UEMOA: Inflation Drops to 0.6% in May, Driven by Lower Food Prices
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72
Média kit : Download

EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.