Shows
Lowenstein Africa Presents: Venture VoicesEunice Ajim on Wining & Dining Africa Before Investing In this episode of Venture Voices, host Rossie E. Turman III chats with Eunice Ajim, a Cameroonian-American tech entrepreneur and founding partner of Ajim Capital, about navigating African markets and startups. They cover the mass information disconnect attributed to misconceptions about Africa and the recent Venture Capital "winter" steering capital to SPACs globally. Ajim and Turman apply the "invest in what you know" principle to African investments by encouraging investors to familiarize themselves with the landscape, especially in cultural differences among countries and markets of interest. Speakers: Rossie E. Turman III, Partner and Chair, International F...
2025-06-1945 min
HerStory PodcastFrom Grieve to Healing and New Beginnings with Eunice AjimIn this deeply moving episode of the HerStory Podcast, we sit down with Eunice Ajim, founding partner of Ajim Capital, as she shares her journey through grief, resilience, and ultimately, joy.Eunice opens up about experiencing a heartbreaking miscarriage during the 2023 holiday season, a loss that brought immense emotional and physical challenges. She recounts the difficult healing process, the role of her support system, and the strength she found to move forward.Fast forward to Christmas 2024, Eunice celebrated the holiday season with her 4-month-old baby girl, a powerful testament to hope...
2025-02-1325 min
The Eunice Ajim Show46: My Personal Success Story & BreakthroughIn this episode, Eunice Ajim shares her personal success stories and the habits and tips that led to her success. She emphasizes the importance of showing up and looking your best when opportunities arise.
Eunice also discusses the value of learning from a co-founder and investor and how it can contribute to personal growth. She then delves into financial habits, such as paying off debts and building emergency funds, as well as investing in life insurance and retirement plans.
Eunice highlights the benefits of investing in the public market...
2024-05-2916 minThe Eunice Ajim Show45: 8 Ways To Finance Your Startup - No VC Funding Required!In this episode, the host discusses alternative sources of capital beyond venture capital for startup founders. The conversation explores various options, including friends and family as investors, bootstrapping, incubators and accelerator programs, angel investors, crowdfunding, grants, loans or debt financing, and private debt and microlending.
The host emphasizes the importance of considering smaller investments and leveraging existing networks to raise capital. The episode highlights the need to understand the African market and its unique challenges and opportunities. Overall, the conversation provides valuable insights for founders seeking funding outside the traditional VC route.
2024-05-1510 minThe Eunice Ajim Show44: How To Stay Motivated As A FounderThe episode discusses the economic challenges faced by founders in 2023 and 2024, including the VC downturn and inflation. The host explores how to motivate founders who have struggled to secure funding and are considering giving up.
The importance of presenting confidence as a founder is emphasized, highlighting the need to dress and act professionally to attract investors and customers. The host shares personal experiences of overcoming challenges and trusting in God's guidance.
The episode concludes with a reminder to persevere and not show struggles, as success can be achieved through...
2024-05-0110 minThe Eunice Ajim Show43: How To Find Investors and Raise MoneyIn this episode, Eunice Ajim discusses how to meet investors for your startup. She covers topics such as identifying a good investor, considerations for African startups, using similar portfolio companies as a strategy, strategies to meet startup investors, preparing for the first meeting, making a compelling pitch, and follow-up after the first meeting.
Takeaways
Different investors have different investment criteria, so it's important to identify investors who align with your startup's industry, stage, and location.
When targeting investors who have not invested in your specific market, use their portfolio companies...
2024-04-1719 minThe Eunice Ajim Show42: Do We Need More Tech Startups in Africa?In this episode, Eunice Ajim discusses the focus on tech-focused businesses in Africa and whether it bothers her as an investor. She emphasizes the importance of solving real problems and highlights the need for entrepreneurs to align their passion and expertise with the businesses they invest in.
Eunice also explores the idea that not everyone should be a founder and that employees are just as important as founders in a company. She encourages young entrepreneurs to take risks and enjoy life while finding the right balance.
Takeaways
2024-04-0318 minThe Eunice Ajim Show41: Starting a Venture Capital Fund (Pros and Cons)In this episode, Eunice Ajim discusses the pros and cons of launching a venture capital fund. She emphasizes the importance of understanding one's true passion and purpose before pursuing a career in venture capital.
Eunice shares her personal journey and how she discovered her purpose in facilitating resources and capital for African tech companies. She then explores the pros of being a VC, including the opportunity to work with amazing entrepreneurs, the positive vibes in the startup ecosystem, the continuous learning curve, and the freedom and autonomy in managing one's schedule.
2024-03-2019 minThe Eunice Ajim Show40: How to Build a Personal Brand as a Founder or InvestorIn this episode, Eunice Ajim discusses the importance of building a brand as a startup founder or investor. She emphasizes that as the creator of a product or service, nobody knows your company better than you do. Eunice explains that creating content is a powerful way to share your company's story and connect with your target audience.
She also highlights the significance of personal branding and networking in building a successful brand. Eunice shares common mistakes to avoid when building a brand online and emphasizes the importance of focusing on personal brand alongside the...
2024-03-1312 minThe Eunice Ajim ShowAbout The Eunice Ajim ShowEunice Ajim is a 2x founder who previously led a tech startup from homeless into a multi-million dollar business. She then launched a $10M Africa-focused fund with no Ivy League degree, wealthy family, or VC/PC experience.
The Eunice Ajim Show is your go-to podcast for doing business in Africa, investing in Africa, and living your African dream, whatever that means to you.
Eunice is motivated by the stories of talented African founders and determined to contribute to their success, giving back to the continent that has given her...
2024-03-0602 minThe Eunice Ajim Show38: How To Break into Venture Capital Without an Ivy League Degree or MoneyIn this episode, Eunice Ajim discusses unconventional ways of getting into venture capital without an Ivy League degree or a lot of money. She highlights the example of Harry Stebbings, who used social media to invite top VCs to join his podcast and eventually became a successful VC himself.
Eunice provides actionable steps for breaking into VC, such as starting to invest on your own, doubling down on industry expertise, building a competitive edge, gaining work experience, and networking with investment prospects. She also emphasizes the importance of sharing investment thinking online and helping...
2024-02-2815 minThe Eunice Ajim Show37: The Art of Replicating Successful Business Ideas: How It Can Work For YouIn this episode, Eunice Ajim discusses the concept of replicating successful business models and the opportunities it presents. She shares the example of three German brothers who replicated eBay's model in Germany and eventually sold their company to eBay.
Eunice also talks about the importance of legal agreements and competition in the business world. She emphasizes the need for African founders to protect their ideas and prevent employees from building similar companies. Additionally, she highlights the importance of adapting business models to local markets and the coexistence of competition. The episode concludes with a...
2024-02-2109 min
The VA PodGetting Funding in 2024While Africa has attracted numerous investors over the years, enthusiasm seems to be dwindling. In 2023, African startup funding had a significant 39% year-on-year decline. In 2022, Oluwatosin Ogunjuyigbe of Ventures Africa highlighted the lack of "unicorns" in Africa's digital economy, suggesting that initial optimism has given way to closer scrutiny. What's the way forward for startups?
The podcast you are about to listen to was adapted from our LinkedIn Audio Event, held on Thursday, 1st of February, 2024, where we discussed "Getting Funding in 2024".
The event was hosted by Zainab Amoo, a Social Media Executive at Ventures Africa, who held an interesting discourse...
2024-02-1947 minThe Eunice Ajim Show36: How to Have a Successful Marriage While Being an EntrepreneurIn this episode, the host dedicates the conversation to her husband and highlights the importance of having a supportive spouse, especially for women in business. She shares the story of how they met and the intense connection they had from the start.
The host also discusses how her husband supported her during difficult times, including providing her with a car and helping her move out of a difficult living situation. She emphasizes the role her husband played in her entrepreneurial journey and encourages other founders to share and appreciate their work with their spouses...
2024-02-1408 minThe Eunice Ajim Show35: How To Plan Your MVP (Minimum Viable Product)In this episode, Eunice Ajim discusses how to plan your Minimum Viable Product (MVP) for a tech startup. She emphasizes the importance of understanding the problem and conducting user research before building a product. Validating the solution through customer interviews and feedback is crucial. Eunice also highlights the need to start with non-scalable solutions and gradually build towards a technology product. Market research and following Lean Startup principles are essential for success. Finally, she emphasizes the importance of traction and showing potential investors that there is a need for the product before seeking funding.
...
2024-02-0710 min
Live The African Dream by Ajim Capital20. How Technology Will Play a Part in the Development of Africa | Kevin Fomengia, Founder, Bridge Labs
The impact of technology on Africa's growth in the last decade cannot be overstated. As a continent, we have seen the rise and rise of startups and foreign investments, all of which have played a role in Africa's development.
But these are the early days and there is still more work to be done. This is why Kevin Fomengia sat down with Blessing Iyamadiken on the Live The African Dream podcast to discuss the role of technology in Africa's further development, and how Africa is at the point where we need to integrate infrastructure with technology.
2024-02-0128 minThe Eunice Ajim Show34: How To Break Into Venture CapitalIn this episode, Eunice Ajim discusses different paths to becoming a venture capitalist. She explains that one can either take the entrepreneur route by becoming a startup founder and angel investor, or the job route by joining a venture capital program. Eunice also highlights the challenges of running a venture capital fund, such as the need for capital and travel expenses. She shares some of her favorite portfolio companies and emphasizes the importance of assessing company scalability. Lastly, she discusses the significance of having a fund thesis to guide investment decisions.
Takeaways
2024-01-3114 minThe Eunice Ajim Show33: How to Build a Company Ethically in Africa aka "NOT 419"In this episode, Eunice Ajim discusses the challenges and risks associated with building a company in Nigeria. She highlights the negative impact of the African press on the perception of African startups and emphasizes the need for more positive coverage. Eunice also emphasizes the importance of due diligence in the investment process and shares her experiences in detecting fraudulent practices. She discusses the consequences of fraud for founders and the legal implications, especially for international investors. Finally, she provides recommendations for investors to mitigate risks and encourages ethical business practices.
Takeaways
2024-01-2409 minThe Eunice Ajim Show32: How Do You Find The Best Deal Flow & Types of Venture Portfolio ConstructionIn this episode, Eunice Ajim discusses how to choose the right company to invest in and the strategies for finding deal flow. She explains the inbound and outbound strategies used by venture capital funds and the importance of marketing and creating content. Eunice also shares insights on constructing a portfolio and the two main models used in the startup ecosystem: power law and spray and pray.
Takeaways
- Joining an angel syndicate can help angel investors find deal flow.
- Venture capital funds can attract companies through...
2024-01-1711 minThe Eunice Ajim Show31: Why I Don't Invest In Blockchain in AfricaIn this episode, Eunice Ajim discusses why she doesn't invest in blockchain technology companies in Africa. She highlights the lack of painkiller solutions and the absence of successful use cases outside of cryptocurrencies. Eunice also mentions the challenges of fraudulent activity and unpredictable regulations in Africa. She emphasizes the importance of timing and specific use cases for blockchain technology. Additionally, she explains her investment focus on early-stage tech companies in Africa and the need to stick to her investment strategy.
Takeaways
- There is a lack of painkiller solutions...
2024-01-1011 minThe Eunice Ajim Show30: How Do You Make Money When You Invest In African Tech CompaniesInvesting in tech startups in Africa is a long-term game, with returns typically expected within seven to ten years. There are three main ways to make money when investing in tech startups: through secondary sales, mergers and acquisitions, and initial public offerings (IPOs). Secondary sales involve selling equity to a bigger investor at a higher valuation. Mergers and acquisitions allow bigger organizations to acquire smaller companies to gain market presence. IPOs can be challenging, especially without a strong customer base and when hedge fund traders bet against the stock. Despite not yet seeing returns, the African tech startup market...
2024-01-0309 minThe Eunice Ajim Show29: How to Make Sure You Don't Miss Out on The Best Deals as An InvestorIn this episode, the host discusses the importance of not missing out on the best investment opportunities in African tech startups. She shares examples of successful companies like Airbnb and emphasizes the need for investors to keep moving forward and explore the numerous opportunities available. The host also highlights the factors she considers before making investment decisions, including her ability to provide value to the founders. She explains that investing in Africa is less risky due to the proven success of certain investment models. Additionally, she discusses the challenges of competition and the importance of working closely with founders...
2023-12-2808 minThe Eunice Ajim Show28: A Guide to Investing in African Tech Startups | Angel Investing Vs Venture CapitalIn this episode, Eunice Ajim discusses how to get started investing in African tech startups. The conversation covers different types of investors, including angel investors and venture capitalists. The host recommends joining an angel group to gain knowledge and access to the best deals. Another option is investing as a limited partner (LP) in venture capital funds, which allows for diversification. Eunice advises starting with small check sizes and gradually increasing investments. Making investment decisions depends on factors like the stage of the startup and the amount being raised. The episode concludes with a summary of the key points...
2023-12-2009 minLive The African Dream by Ajim Capital19. Providing Discrete Access to Stigmatised Healthcare in South Africa | Alex Schmid, Founder, Contro
The healthcare system in South Africa faces a number of challenges, including limited access to discrete treatments and services. This is especially prevalent for individuals who require specialised care for conditions such as STDs.
In response to this problem, Alex Schmid founded Contro with the goal of providing discrete access to stigmatised healthcare in South Africa. Contro aims to bridge the gap between those needing care and the resources available, by offering confidential and personalised services.
In this episode of Live The African Dream, Blessing Iyamadiken, Head of Platform at Ajim Capital speaks to Alex Schmid about the challenges...
2023-12-1328 minThe Eunice Ajim Show27: What To Look For When Investing in Tech Startups in AfricaIn this episode, the host discusses what to look for when making an investment decision in tech startups. The key factors to consider include the founders and team, their prior experience, traction, product evaluation, market readiness, target customer definition, and revenue and growth expectations.
Takeaways
- The team and founders are crucial to the success of a startup. Look for founders with prior experience and learn from their failures.
- Traction is an important factor to consider before investing. Look for evidence of customer acquisition and revenue...
2023-12-1316 minThe Eunice Ajim Show26: Top 3 Reasons Why You Should Invest in African StartupsSummary
In this episode, the host discusses the reasons why investing in African startups is interesting. She shares her personal experience of hiring African developers and the challenges she faced in finding talent and managing payroll. She then talks about how she discovered the African tech ecosystem and started investing in startups. The host explains the different categories of investors, including angel investors, incubators, accelerators, and venture capital funds. She also discusses the risks and opportunities of investing in African startups, highlighting the technological advancements and abundance of tech talent in Africa. The episode...
2023-12-0618 minThe Eunice Ajim Show25: Launch Africa: Pioneering Tech Investment in Africa | Janade Du PlessisWelcome to another episode of The Eunice Ajim Show! In this edition, Eunice Ajim sits down with Janade, one of the founding members of Launch Africa, a leading early-stage VC fund focused on Africa. Recorded live at GITEX in Dubai, the conversation delves into Launch Africa's journey, its unique approach to seed-stage funding, and its impact on tech startups across the continent.
Janade shares insights into Launch Africa's beginnings, highlighting their commitment to filling the gap in seed-stage funding during the challenging times of 2018-2019. With a focus on supporting startups for 12 to 18 months, Launch Africa became...
2023-11-2913 minThe Eunice Ajim Show24: AWS x Ajim Capital Women's Demo Day Lagos HighlightIt’s taken me a couple of weeks to process our first #AWSxAjimCapital Women’s Demo Day, and I’m still not over it!!
I am writing to express my deepest gratitude to each of you for the incredible experience we shared on November 8th.
The atmosphere that day is something I wish for every woman to experience. The depth of conversations and the overflow of passion, excitement, vulnerability, and joy in that room were exceptional.
My Ajim Capital Squad and I cannot thank you enough for the constant encouragement and inspir...
2023-11-2903 minThe Eunice Ajim Show23: How To Stay Motivated and Build Resilience as a Startup FounderJoin Eunice Ajim in another episode of The Eunice Ajim Show, where she delves into the often overlooked aspect of entrepreneurship – building and maintaining a resilient mindset. In this candid discussion, Eunice shares her personal experiences and insights on what it takes to stay motivated and determined through the ups and downs of the entrepreneurial journey.
Eunice emphasizes the importance of setting clear goals, daily routines, and unwavering commitment to your vision. She acknowledges the challenges entrepreneurs face, including rejection, adversity, and moments of self-doubt, but she offers practical advice on how to overcome these obstacles and st...
2023-11-0123 minThe Eunice Ajim Show22: How To Get Started Investing In African Tech Startups & Is This The Right Opportunity For YouIn this podcast episode, I go through a very detailed step by step guide on how to analyze you finances to determine if investing in the private market and specifucally in tech startups or venture capital the right opportunity for you as an investor or African in the Diaspora.
If you'll like to discuss on a one on one basis, here's how you can reach me:
Whenever you're ready, there are 3 ways I can help you:
Join the Fund: Ajim Capital is a $10M pre-seed/seed fund investing into high-growth...
2023-10-3124 minThe Eunice Ajim Show21: Ajim Capital x AWS Women’s Demo DayI’m excited to announce that Ajim Capital is hosting the first-ever AWS Startups Women’s Demo Day in Lagos, Nigeria on November 8th, 2023.
The event in Lagos will take place at the Zone Tech Park on the 8th November 2023 and it’s FREE. REGISTER HERE AND SHARE WITH A FRIEND!!
This event holds a special place in my hearts. It's not just about business; it's about empowering incredible women-led startups in Africa. 🌍
The numbers don't lie - the funding gap has been widening, and we're determined to change that narrative. Our goal is to conn...
2023-10-3014 minThe Eunice Ajim Show20: The Rise and Future of Exits, M&As, and IPOs in AfricaI get this question a lot “Are there even exits in Africa?”
How do investors generate returns for their investment in African startups since they are not publicly traded entities?
Africa has a record number of exists.
Just like every other startup ecosystem, African founders understand how important it is to generate returns on investment for their investors
In Africa, we see a lot of these exits happening as acquisitions, while IPOs occur less frequently.
Another reason driving the many acquisitions in Africa is that global companies who have an in...
2023-10-2522 minThe Eunice Ajim Show19: Where To Raise Funds, How To Deal With Negative Africa Narratives, Biggest Challenge in VC & MoreIn today's episode, I answer this questions: How many businesses have you funded and how are they faring, Which market do you Raise Funds from as a VC, How To Deal With the Negative Africa Narratives, Do you think BRICS is gonna make Africa a more attractive marketplace for investment, How did you start your venture capital journey, what are the Biggest Challenge as a VC, How to get funded as a business which is not tech, what does it take to be part of a venture capital firm, How to raise capital for a founder just getting started...
2023-10-2428 minThe Eunice Ajim Show18: How To Pitch, Industries Focus, What is The Biggest Advantage To Invest in Africa vs the US & MoreIn today's episode, I answer this questions: How To Pitch, Industries Focus, What is The Biggest Advantage To Invest in Africa vs the US & More
Comment with any idea content you'd want me to answer and I'll add it to my content list!
2023-10-1621 minThe Eunice Ajim Show17: How to Break Into VC, What Motivates You, What are Your Top 5 Books & Advice on Self DoubtsIn today's episode, I answer this questions: How to Break Into VC, What Motivates You, What are Your Top 5 Books & Advice on Self Doubts.
Comment with any idea content you're want me to answer and I'll add it to my content list!
2023-10-1326 minThe Eunice Ajim Show16: 8 Top African Countries to Launch a Tech StartupWhich is the best African country for launching a tech startup?
Let's investigate the 8 contenders:
1) Nigeria
2) Kenya
3) South Africa
4) Egypt
5) Rwanda
6) Ghana
7) Tanzania
8) Morocco
I share more detail information on my Twitter as well, you can find it here: https://x.com/euniceajim/status/1711741530568876280?s=20
Check out https://www.ajimcapital.com/ to invest in Africa's Best Startups with us.
2023-10-1222 minThe Eunice Ajim Show15: How African Founders Can Properly Manage Money Raised From Venture CapitalistI read this post from Kola on LinkedIn which I believe explains best the podcast:
2 months ago, I heard that a founder was paying himself $15k monthly, the company packed up. This past weekend, I heard another founder was paying himself $50,000 monthly, the company packed up. Both of them, on investor funds. Like many people like me who invest in and/or back early stage companies, I was horrified if I’m being honest. I think it’s about time we begin to talk about what it really takes to build successful companies.I’ve...
2023-10-1120 minThe Eunice Ajim Show14: Best Practices For Sending Investors UpdatesThe rule of thumb regarding sending an investor update email to your current investors is to do so on a monthly basis. Once a month is a reasonable interval giving you a chance to keep them informed about your work and assure them that their money is well-spent.
During early stages, things change pretty quickly. You might even want to share weekly investor updates in order to get much needed advice, recommendation or introduction faster. Sending updates once a week will accelerate establishing the relationship, especially if your investors are actively involved in your work.
If...
2023-10-1015 minThe Eunice Ajim Show13: 9 Steps to Transforming your Life in One YearBecome unrecognizable in 2024. Follow these 9 steps to transforming your life in one year.
1) Create a long-term vision.
2) Identify your “why.”
3) Set specific goals.
4) Establish daily routines.
5) Make health a priority.
6) Invest in personal growth.
7) Surround yourself with positive influences.
8) Take action every day.
9) Monitor your progress.
I dive into this 9 steps with very specific examples from my personal experience. Remember, transformation takes time, but it’s worth it.
2023-10-0834 minThe Eunice Ajim Show12: Bootstrapping Or Venture Capital - Which Path Should You Take?The best path is the one that aligns with the founder's goals. Some startups have succeeded with bootstrapping, while others have with venture capital. There is no one-size-fits-all answer, but with careful consideration and execution, both paths can lead to success.
Some key considerations when deciding between bootstrapping and venture capital:
◦ Founder's goals
◦ Business model and market potential
◦ Scalability of the idea or technology
◦ Competition and market timing
◦ Availability of resources and expertise
2023-10-0626 minThe Eunice Ajim Show11: 7 Easy-To-Follow Guide For Beginners On How To Invest In African StartupsInvesting in African startups is a high-risk, high-reward game. By following these steps, you will be able to identify and evaluate investment opportunities, reduce risk, and increase your chances of success.
1) Understand The African Startup Ecosystem
2) Determine the startup’s industry.
3) Determine your investment style.
4) Choose Your Investment Vehicle
5) Conduct Thorough Research
6) Diversify Your Portfolio
7) Invest In What You Know
2023-10-0621 minThe Eunice Ajim Show10: Why It's Important to Believe in Yourself as a Startup FounderAs a startup founder, believing in yourself is one of the most important things you can do for your business. Self-belief can often be hard to come by, especially when dealing with the challenges of launching a startup. However, having a strong belief in yourself and your vision is essential for success.
Having self-belief means that you have faith in your abilities and that you are confident that you can handle whatever obstacles arise. It's easy to doubt yourself when things get tough, but having confidence in yourself allows you to keep pushing forward. Your self-belief gives...
2023-10-0521 minThe Eunice Ajim Show9: How To Launch a Venture Capital Fund With No Prior Experience or Wealthy FamilyMy step-by-step guide to launching a 506c venture capital fund. This took me over 12 months to learn, I’ll teach you in 30 minutes.
2023-10-0430 minThe Eunice Ajim Show8: Imposter Syndrome and The Fear Of Consistently Showing UpI'm back and better. I'm starting a 100 day challenge of very unedited podcast recordings to challenge myself and be as consistent as posible to create my podcast. By the end of this challenge, I should have 100 episode uploaded. Stay tune!!
2023-10-0323 min
Billion Dollar Moves™ with Sarah Chen-Spellings | Global Venture CapitalUnleashing Africa's Tech Potential: Investing in Emerging Markets with Eunice AjimToday’s guest speaking to the African continent is none other than Eunice Ajim, Cameroonian-American tech entrepreneur and investor who's changing the game. With her fund, Ajim Capital, she seeks to invest in Africa’s best startups at the pre-seed and seed level; leveraging her experience as a former repeat founder herself, including leading a $10M+ tech startup. But what many may not know is her story of becoming homeless while building what she calls the African dream. Eunice’s story is not just a cheatsheet into investing in Africa (which by the way has had 51 Private Equity...
2023-09-2839 minThe Eunice Ajim Show7: The Hard Truth of Building a CompanyJoin us for an enlightening episode where we unveil the unvarnished truth about entrepreneurship in "The Hard Truth of Building a Company."
In a world saturated with success stories, we're here to shed light on the often untold side of the entrepreneurial journey. Our host, Eunice, delves into the raw realities of building a company that rarely make it to the headlines. From the sleepless nights to the tough decisions, and from failures that become valuable lessons to the persistent grind – we discuss it all.
Gone are the illusions of a carefree, always-positive voyage in th...
2023-08-2415 minThe Eunice Ajim Show6: What I Look for When Making an Investment in African Tech StartupsAjim Capital mostly invests in proven business models.
Our investment process is guided by our in-house, proprietary database that includes over 300 business models that delivered over $388B in value in China, India, and LatAm with the highest probability of success in the African market.
We find and invest in the best companies in Sub-Saharan Africa.
In this video, I share exactly what we look for when making an investment decision. For information about investing or pitching Ajim Capital, go on https://www.ajimcapital.com/
2023-08-1613 minThe Eunice Ajim Show5: Who is Not Investing in AfricaInvestment in Africa is becoming increasingly popular. Major tech companies and foreign investment firms are recognizing the potential wealth this exciting continent has to offer, and money is flowing into African markets.
In a move that reflects the growing trust in African markets and the potential for lucrative investments, J.P. Morgan recently opened a regional office in Nairobi. This makes it its first presence on the continent since it debuted a $20m fund for black-owned businesses in South Africa in 2021.
Google has also committed $1 billion to boost Africa’s digital transformation. This massive investment wil...
2023-08-1005 minThe Eunice Ajim Show4: How to Invest in African Tech StartupsWelcome to The Eunice Ajim Show! In this exciting episode, we dive into the world of African tech startups and explore various avenues for investment. Join us as we uncover valuable insights and practical strategies on "How to Invest in African Tech Startups."
Investing in the African tech ecosystem offers a unique opportunity to be part of the continent's burgeoning innovation and growth. Our host Eunice Ajim, an experienced investor at Ajim Capital, shares expert advice on how you can become an impactful investor in this dynamic space.
In this episode, Eunice discusses different approaches...
2023-08-0208 minThe Eunice Ajim Show3: 10 Myths on Investing in Africa10 myths about investing in Africa.
Let’s clear the air on what is or isn’t true:
Myth 1: Africa is underdeveloped.
→ Africa is home to some of the fastest-growing economies in the world.
→ Urbanization rates are increasing.
→ Technology is transforming the continent with leading startups.
→ Intra-African trade is projected to grow.
Myth 2: Political instability is rampant in Africa.
While there are pockets of instability, many countries are stable.
→ Two-thirds of African countries are democratic.
→ Many countries have had peaceful transfers of power over the last decade.
Myth 3: Africa is a country.
Africa is a continent comprising 54 unique, independ...
2023-07-2605 minThe Eunice Ajim Show2: 10 Compelling Reason for Investing in AfricaAfrica is rising.
But most of the world is missing the opportunity.
Here are 10 compelling reasons why investing in Africa could be your next big move:
1. Massive market potential.
1.3 billion people - and growing.
By 2050, Africa's population will double to 2.5 billion.
That's a lot of potential customers.
2. Booming middle class.
By 2030, Africa's middle class will increase by 42 million.
The middle class will account for 1/3 of Africa's population.
More middle-class Africans means more consumer spending.
3. Growing tech ecosystem.
2023-07-1907 minThe Eunice Ajim Show1: Welcome to The Eunice Ajim Show | About Eunice Ajim in 14 MinutesIt all started with a journey driven by my ambition to make a significant impact in Africa.
I’m a 2x founder who previously led a tech startup from homeless into a multi-million dollar business. I then launched a $10M Africa-focused fund with no Ivy League degree, wealthy family, or VC/PC experience.
I'm an entrepreneur with a story that's probably not so different from yours. Growing up in Cameroon, I always wanted to be my own boss. While studying in the US, I started a few businesses to pay...
2023-07-1013 min
This Week in ImpactFunding African tech entrepreneurs with Eunice AjimEunice Ajim, founding partner Ajim Capital speaks with David Bank
about her personal journey to launch the fund and her mission to support
tech entrepreneurs in her native Cameroon and across Africa. Host
Monique Aiken has the headlines.
For more on Ajim Capital: https://www.ajimcapital.com/blog/ajim-capital-launches-10m-fund-for-african-companies-in-the-tech-space
For more VC Include podcasts: https://impactalpha.com/podcasts/
2023-05-1911 min
ImpactAlpha PodcastsFunding African tech entrepreneurs with Eunice AjimEunice Ajim, founding partner Ajim Capital speaks with David Bank about her personal journey to launch the fund and her mission to support tech entrepreneurs in her native Cameroon and across Africa. Host Monique Aiken has the headlines.
For more on Ajim Capital: https://www.ajimcapital.com/blog/ajim-capital-launches-10m-fund-for-african-companies-in-the-tech-space
For more VC include podcasts: https://impactalpha.com/podcasts/
2023-05-1911 minLive The African Dream by Ajim Capital18: Helping Young Africans Break into the Venture Capital Ecosystem in Africa | Mark Kleyner, CEO & Co-Founder, Dream VCMark Kleyner is the Co-Founder of Dream VC, an investor accelerator for Africa. To date, Dream VC has helped people from over 30 African countries, get a career kick in the African Venture Capital space, thus enabling them to build the future they desire.
2023-03-2239 minLive The African Dream by Ajim Capital17: Enabling African Retail and Institutional Investors Invest Easily | Richmond Bassey, CEO and Co-Founder BambooFor a long time, Nigeria’s retail investors had little or no access to the global investment scene. All that changed with the launch of Bamboo, a platform that not only made it possible for retail investors to buy and sell stocks, but also educated the Nigerian market on stock investing.
Today, Bamboo is present in Nigeria and Ghana and is also looking to expand to other African countries.
In this episode, Richmond Bassey, the CEO and Co-Founder of Bamboo shares his story about how he is using technology to help African investors tap into gl...
2023-03-0129 minLive The African Dream by Ajim Capital16: Using Technology and Data to Transform African Businesses | Yemi Olulana, CEO and CO-Founder Flex FinanceYemi Olulana’s walk to being the CEO of Flex Finance is a journey that has seen him go from working as a software engineer at reputable companies to launching his own startup. After cutting his teeth as a startup founder of Giddiphones, Yemi started Flex Finance, a spend management and corporate card platform for African businesses.
Flex Finance empowers businesses to take control of their expenses via the web, mobile and corporate cards; they also help companies manage hundreds of millions of dollars in spending.
From the onset, Yemi’s focus has been on creatin...
2023-02-1729 minLive The African Dream by Ajim Capital15: Why Dr Ola Brown is Passionate About Building Africa's EconomyIn this episode, Dr Ola Brown breaks down the economic opportunities in the African markets, and her passion to see Africa lift its citizens out of poverty.
"China lifted a billion people out of poverty, and they did it primarily through investments. GDP is about being able to export and it is about the government's ability to spend and investment is a really big part of that," says Dr Ola Brown.
It's amazing how much effect, investments can have on African markets, and Dr Ola is passionate about shining light on why people should invest...
2023-02-0235 minLive The African Dream by Ajim Capital14: How Ben Lyon is Building Stax, the Apple Pay for AfricaThe majority of digital payments in Africa are done on the USSD rail, but who is innovating in this area to improve its user experience for Africans?
This week, on Live the African Dream, I interviewed Ben Lyon. Ben Lyon is the CEO of Hover, Creators of Stax a proprietary innovation of Hover. Ben Lyon has built a technology that allows the company to put an app interface on top of USSD to improve its user experience.
“In Africa, people have a strong preference to be offline. About 87% of smartphone transactions are done using USSD, an...
2022-12-2136 minLive The African Dream by Ajim Capital13: How Abraham Ojes is using payments as a wedge to help businesses in AfricaHow many times do businesses in Africa have to lose a sale because they can’t accept the way a customer wants to pay? This is the problem Abraham Ojes the Co-founder and CEO of Collect Africa set out to solve when he founded the company.
Collect Africa enables businesses to add local payment methods to their websites or apps through a single API.
“At Collect Africa, we started out using payments as a wedge, trying to help businesses accept payment both online and offline. Online using payment links and customers can easily see different paym...
2022-12-1429 minLive The African Dream by Ajim Capital12: How truQ is Building Seamless Logistics for Businesses in Africa | Foluso Ojo, CoFounder and COO truQToday’s episode features Foluso Ojo, the Co-Founder and Chief of Operations of truQ. truQ is an African tech startup providing seamless logistics for businesses helping them move items across Nigeria. truQ is also one of our portfolio companies.
According to Foluso, the solution for truQ came when she needed to move a piece of furniture and she had to search for up to 4 days before she could find a vehicle that could transport it for her.
In the first couple of months of running the business, she and her Co-Founder, Fatayo Williams bootstrapped and ra...
2022-12-0833 minLive The African Dream by Ajim Capital11: Raenest, a recruitment and payroll platform for companies hiring in Africa | Victor Alade, FounderVictor Alade is the founder of Raenest, an African payroll tech startup providing borderless payments for African startups. Raenest is also one of Ajim Capital’s portfolio companies.
In this episode, I spoke to Victor Alade about his journey as an entrepreneur and his experience as a startup founder solving one of the most critical issues on the continent.
“One of the core export of Africa is talent. The population of youth and the rate at which they are adopting technology is growing rapidly. Gone are the days when people only hire software developers from Afri...
2022-11-3030 min
Women to Watch Media® with Sue RoccoEunice Ajim, Ajim CapitalEunice Ajim, a Cameroonian-American Tech Entrepreneur, Investor and the Founder of Ajim Capital, shared the story behind her title with us on November 16, 2022.Ajim Capital is a venture capital firm based in the US that invests in early-stage technology startup companies in Africa. We believe that African entrepreneurs have the power to create valuable businesses using technology that compete on a global scale while massively changing the lives of Africans.Eunice is an executive with experience ranging from start-up funding and management to leading a $10M+ tech startup. She has a track record of leading b...
2022-11-161h 04
VC10X - Startups, GTM, Investing, Venture Capital, Asset Management, Private Equity, Family OfficeVC10X - Investing in the African Startup Ecosystem w/ Eunice Ajim, Founding Partner, Ajim CapitalEunice is the Founding Partner at Ajim Capital. Ajim Capital is an early-stage fund that invests in pre-seed and seed stage companies that focus on using technology to fill significant economic and infrastructure gaps for consumers and enterprises across Sub-Saharan Africa.
In this episode, we talk about:
- The African startup ecosystem
- Why Africa is a great place to invest?
- Most exciting sectors in Africa
- Portfolio companies doing great work
- How we can increase diversity & inclusion in Venture Capital?
.. and a...
2022-11-0930 minLive The African Dream by Ajim Capital10: Building a Thriving Community of African Tech Talent | Blessing Abeng, Co-Founder at Ingressive for GoodOver the last couple of years, investors, founders, and executives in tech startups in Africa have complained about one thing in one voice - The shortage of quality technical talents.
Ingressive for Good solves that! In just two years, they have built a strong and thriving community of over 200,000 and trained over 100,000 Africans with tech skills.
In this episode, I spoke to Blessing Abeng, the Co-Founder & Director of communication at Ingressive for Good.
One thing I appreciate about them is how they present their organization. As I mentioned in this short, I’m fe...
2022-10-0637 minLive The African Dream by Ajim Capital10. How to Start a VC Fund | Eunice AjimIn this podcast, we spoke briefly about my story, how to launch a VC fund, Do you need to be an accredited investor to launch a VC fund, Why do you want to launch a VC fund, What are the marketing material to launch a venture capital fund, which is the best fund administrator for emerging fund managers, and so much more.
There's also an excellent resource for VC fund pitch decks: https://www.signatureblock.co/p/vc-fund-decks-that-close-lps
Starting a venture capital fund is complex and requires great effort. Let’s begin by discussing what a...
2022-09-2917 minLive The African Dream by Ajim Capital9: How I Migrated From Cameroon to the US and then Launching Ajim Capital | Eunice AjimGrowing up in Cameroon, Eunice didn’t imagine she would end up as an entrepreneur or a founder of a VC firm. But as a young teenager in Central Africa, she had an innate entrepreneurship drive, a skill set that would become vital to surviving in corporate America and her career.
Ajim, who migrated to the U.S as an International student in 2011, is not a stranger to the struggles of starting and running a tech startup and navigating the complexities of a competitive and dynamic tech scene.
After graduating in 2016, she settled in Texas, whe...
2022-09-2230 minLive The African Dream by Ajim Capital8: How GetFundedAfrica Make Funding More Accessible For African FoundersIn this Live the African Dream Podcast episode, I spoke to Emmanuel (Tunji) Oke and Diana Teoh at GetFundedAfrica. GetFundedAfrica is a tech-enabled marketplace that matches startups, investors (VCs & Angels), corporates & government.
We discussed what inspired GetFundedAfrica, how their model works, the impact on the African startup ecosystem, and their recent partnership with Microsoft to make funding even more accessible for founders.
Listen to the full episode to learn more about Tunji, Diana, and the GetFundedAfrica journey.
2022-09-1532 minLive The African Dream by Ajim Capital7: Investing in African Founders building Fintech & Healthtech Startups | Agnes Aistleitner Kisuule, Managing Partner of First Circle CapitalIn this Live the African Dream Podcast episode, I spoke to Agnes Aistleitner Kisuule, Managing Partner of First Circle Capital. First Circle Capital is a Pre-Seed / Seed fund investing in experienced African founders building fintech (and healthtech) startups.
Agnes moved to Uganda from Austria in January 2020 to work with a tech company, and from there on, she transitioned into VC. In this episode, she talks about what spurred her move to Africa, how she transitioned from working in tech to being a VC and investing in Africa’s top fintech founders.
“We live with many inef...
2022-09-0724 minLive The African Dream by Ajim Capital6: What it Takes to Launch and Scale an Africa-Focused VC Fund with Olu Oyinsan, Managing Partner of Oui CapitalIn this Live the African Dream Podcast episode, I spoke to Olu Oyinsan, Managing Partner of Oui Capital. Oui Capital recently announced 1st close of its $30 Million second fund.
Olu talked about his experience raising his first fund and going on to raise a second one with much higher stakes involved.
Raising a VC fund is binary because to institutionalize as a fund, you need to get an AUM that makes the business sustainable. It is either you cross that hurdle, or you don’t. And the space between both ends is crowded with many VC...
2022-08-3130 minLive The African Dream by Ajim Capital5: Investing and Advising African Founders and Funders - Steven Freidmutter, CEO at SF VenturesI recently spoke to Steven Freidmutter, CEO at SF Ventures. Steven is an early investor/advisor in many VC funds investing exclusively in female founders and Africa.
I've had the pleasure of meeting Steven in person, learning more about his humble journey and his passion for empowering women and underrepresented founders and funders.
Steven announced two conferences he was supposed to attend in Africa in the podcast. He ended up missing his flight because of visa issues. He recently had a Life-threatening experience, and missing his flights was a blessing. I'll encourage you to check...
2022-08-2530 minLive The African Dream by Ajim Capital4: Launching and Growing an Angel Community Investing in Africa | Joe Kinvi, Community Manager at HoaqA new episode of Live the African Dream Podcast is live.
In this episode, we spoke to Joe Kinvi, Managing Partner at Hoaq, a community of angels backing entrepreneurs in building scalable businesses for Africa and its Diaspora.
Joe dropped some great insights throughout the Podcast, but one that particularly stood out was his recommendations on starting an angel community like Hoaq; he recommended three things:
1) Find your tribe and find people interested in the same things as you.
2) Build trust. It took them a while for people to trust what...
2022-08-1729 minLive The African Dream by Ajim Capital3: African Startups Should Focus on their Market First Before Thinking Globally Because the African Market Itself is Enormous | Axel PeyriereA new episode of Live the African Dream Podcast is live.
In this episode, we spoke to Axel Peyriere, Founding Partner at Emerging Classified Ventures. Axel is bullish on Africa and prefers to take risks on innovations in emerging markets than in established markets.
He said,
Many African entrepreneurs are full of ambitions and want to tackle other markets than just their market. But I think the potential is enormous if you already address these markets well. Chipper cash grew from a $10M valuation three years ago to over $2B. So I would...
2022-08-1027 minLive The African Dream by Ajim Capital2: African Founders Investing in other African Founders is the Foundation to Building the African Startup Ecosystem | Dayo Kolewo, Partner at MicrotractionToday we're releasing the second episode of the Live The African Dream Podcast.
This time, with Dayo Kolewo! He dropped some words of wisdom and hopes for the average African on the continent and in the Diaspora.
Here's a quote mentioned during the podcast that resonates with me.
"We're seeing more African investors thanks to the successes of several venture-backed companies like PayStack, Flutterwave, PiggyVest, Cowrywise, and many other companies. A lot of African founders are also investing in other African founders. And it starts from there! When you look at Silicon Valley...
2022-08-0339 minLive The African Dream by Ajim Capital1: Why Africa Seems Immune to the Capital Market Downturn Faced by other Regions | Maxime Bayen, Africa: The Big DealToday we're launching the first episode of Live The African Dream Podcast.
Live The African Dream is a podcast inspired to gather the next generation of curious investors, entrepreneurs, and tech leaders to spark conversation around the topics they are passionate about. From building a business to raising money to the challenges and triumphs of being an African or Africa enthusiast on the continent and in the diaspora in today's world.
Whether running the show or working your way up the ladder, let's build something great. Tune in for exclusive interviews with seasoned investors, entrepreneurs...
2022-07-2731 min
The Connected Generation with Nike AnaniHow to Invest in African Tech Startups with Eunice AjimEunice Ajim is the Founding Partner at Ajim Capital, an early-stage fund that provides startups in Africa with financing from Pre-seed to Seed. She is a Cameroonian-American Tech Entrepreneur and Investor with experience ranging from start-up funding and management to leading a $10M+ revenue tech startup. She is an angel investor and advisor for African tech startups. She was previously a co-founder of OpenTeams and founder of DataGig. She's also a Founder Institute and SputnikATX alumni, programs that teach all facets of start-up development and growth from concept, to fund-raising, to validation and expansion, all the way to exit.
2022-05-1753 min
Kurious KEunice Ajim : Boldly funding African StartupsEunice Ajim (Cameroonian-American Tech Entrepreneur) is the founding partner of Ajim capital- a $10 million fund set to invest in African Tech Startups. Eunice has been a 2x tech founder and an executive having spent early years of her career with Apple & later leading a $10M+ revenue tech startup. The fund provides checks of $25,000- $125,000 to pre-seed and seed tech enabled companies across Africa. In the episode we discuss her background as an international student from Cameroon to USA.Career at Apple, her struggling startup and pivot, fundraising journey, Ajim's investment thesis and more.To learn more abo...
2022-01-2326 min
Kurious KEunice Ajim : Boldly funding African StartupsEunice Ajim (Cameroonian-American Tech Entrepreneur) is the founding partner of Ajim capital- a $10 million fund set to invest in African Tech Startups. Eunice has been a 2x tech founder and an executive having spent early years of her career with Apple & later leading a $10M+ revenue tech startup.
The fund provides checks of $25,000- $125,000 to pre-seed and seed tech enabled companies across Africa.
In the episode we discuss her background as an international student from Cameroon to USA.
Career at Apple, her struggling startup and pivot, fundraising journey, Ajim's investment thesis and more.
To learn more about Ajim Capital visit - w...
2022-01-2326 min