An African Tech Exit - Selling Sendwave for $500 Million

One of the African tech ecosystem's largest exits was the 2020 sale of Sendwave to WorldRemit for $500 million. Sid Sridhar was Sendwave's Head of Business at the time, and in this episode, Sid shares his M&A lessons for the African tech ecosystem.Sid is now the Head of Business at Wave, the mobile money company spun out of Sendwave that's competing head-on with the telcos in Francophone West Africa. Wave raised a $200 million Series A in 2021, valuing the company at $1.7 billion. 00:00 - Introduction01:32 - Every deal is different02:16 - Know the business model that you're building for02:40 - Companies get bought not sold03:41 - How to qualify a deal04:53 - Be smart & strategic with information05:31 - Be transparent06:24 - Stay close to potential buyers07:39 - Alignment with investorsFollow Sid on TwitterCheck out other episodes from the Fintech in Africa Summit:Nigerian Neobank Roundtable: Moniepoint, Kuda, FairMoneyWhy Are Cross-Border Payments So Hard?Tackling Africa’s $330 Billion Credit GapOur Links - 🎥 YouTube - https://youtube.com/@theflipafrica 💻 Website - https://theflip.africa🐦 Twitter - https://twitter.com/theflipafrica👥 LinkedIn - https://www.linkedin.com/company/theflipafrica/📸 Instagram - https://instagram.com/theflipafrica