7:23:56 AM PDT - Tuesday, October 4th, 2022

Byld Ventures, a $15M fund, backs fintechs in Africa  

By Editor - Mon Sep 19, 5:26 am

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Two years before Youcef Oudjidane co-founded Sudanese fintech Bloom after failing to find startups tackling currency depreciation in Africa to invest in, he was the managing partner and head of EMEA (Europe, Middle East and Africa) at Class 5 Global, a San Francisco-based venture fund with a keen interest in emerging markets. But Class 5 wasn’t his first shot at investing. At Solebury Capital, a boutique investment bank later acquired by PNC Financial Services, the U.K.-born entrepreneur, who is Algerian by descent, was a senior associate and worked on several tech IPOs including Snapchat. And in 2017, he joined as head of strategy and investments at the Dubai Future Foundation, a small team that launched the first venture capital fund in the Dubai government. At Class 5, Oudjidane led investments in African startups such as Telda , Dash , Moove and Chari . The investor also partnered with several professional football (soccer) players like Mesut Ozil, who was a venture partner.

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Byld Ventures, a $15M fund, backs fintechs in Africa

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