Daba-Backed Lengo AI Makes Jeune Afrique 20 Most Promising African Startups List
2 min Read May 18, 2024 at 9:13 AM UTC
The inclusion in Jeune Afrique’s list is a testament to the potential that Daba sees in dynamic sectors.
Lengo.ai, a startup that uses artificial intelligence to help informal retailers manage inventory, has been named one of Africa’s 20 most promising early-stage companies by Jeune Afrique magazine. This recognition highlights how African tech companies can make a real impact by solving problems innovatively.
Lengo.ai’s voice-assisted system bridges the gap between large food producers and small retailers by streamlining distribution. This demonstrates the potential for technology to transform industries and improve livelihoods across the continent.
At Daba, our commitment to fostering economic growth and innovation across Africa is embodied in our partnership with startups like Lengo.ai.
As an integral part of our investment portfolio, Lengo.ai represents a strategic asset and highlights our role in nurturing groundbreaking companies poised to lead the tech revolution in Africa.
Through our platform, Daba provides retail and institutional investors exposure to a range of opportunities, including pioneering tech and commercial ventures like Lengo.ai.
The startup’s inclusion in Jeune Afrique’s list is a testament to the potential that we see in these dynamic sectors and underscores the kinds of impactful companies Daba looks to support.
Africa is expected to account for up to 40% of the human population by the end of the 21st century with the FMCG market positioned to emerge as its first globally relevant industrial sector.
For more details on how Lengo.ai is using AI to transform informal commerce, and Daba’s role, you can read the case study available in French and English. It offers an inside look at Lengo.ai’s journey and Daba’s approach to identifying promising startups.
Invest with Daba today and be part of Africa’s booming tech landscape. Let’s drive growth and innovation together, tapping into the continent’s rich potential and vibrant entrepreneurial spirit.
For more information on how to invest with Daba and to explore more success stories like Lengo.ai, visit our website.
This material has been presented for informational and educational purposes only. The views expressed in the articles above are generalized and may not be appropriate for all investors. The information contained in this article should not be construed as, and may not be used in connection with, an offer to sell, or a solicitation of an offer to buy or hold, an interest in any security or investment product. There is no guarantee that past performance will recur or result in a positive outcome. Carefully consider your financial situation, including investment objective, time horizon, risk tolerance, and fees prior to making any investment decisions. No level of diversification or asset allocation can ensure profits or guarantee against losses. Articles do not reflect the views of DABA ADVISORS LLC and do not provide investment advice to Daba’s clients. Daba is not engaged in rendering tax, legal or accounting advice. Please consult a qualified professional for this type of service.
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