54 Collective, a venture capital firm that aimed to revolutionize investment and scale ideas to early-stage ventures throughout Africa, is currently on the edge of collapse following allegations of mismanaging over $42 million from Mastercard. What began as a nonprofit initiative to fund African startups has spiraled into a full-blown financial scandal involving unauthorized transfers, [...]The post Africa’s Venture Capital Firm 54 Collective Faces Liquidation Amid Mastercard Grant Mismanagement Scandal appeared first on Tekedia.
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