Industry
Consulting
Objective
Seamless funds disbursal across Africa
The Entrepreneur Academy by 54 Collective is an initiative designed to support aspiring and early-stage entrepreneurs in Africa. Over the next five years, they are committed to helping over 500,000 young people across Africa secure dignified work through entrepreneurial pursuits. 54 Collective is a venture capital firm focused on investing in and scaling early-stage startups across Africa.
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Adrianne Wabakwira
Program Coordinator, 54 Collective
the Challenge
As the Entrepreneur Academy team at 54 Collective scaled its programs across Africa, it faced a growing challenge in managing disbursements to entrepreneurs in multiple countries. Ensuring secure, efficient, and timely fund transfers across different regions with varying financial regulations and processes proved complex and time-consuming. 54 Collective needed a reliable partner that could handle the intricacies of pan-African disbursements while maintaining transparency and accountability.
the Solution
54 Collective partnered with Startbutton, a trusted MoR with a strong presence in eight African countries and expertise in seamless money transfers and large-scale disbursements. Startbutton's team conducted thorough due diligence on recipient accounts, ensuring compliance and security. They facilitated efficient fund transfers across borders, minimizing delays and providing real-time updates throughout the process.
the Result
Startbutton's ability to quickly launch operations in new markets enabled 54 Collective to expand its programs to new regions and support more entrepreneurs across Africa. Entrepreneurs received funds promptly, thanks to Startbutton's efficient transfer processes and minimized delays.
