VALR’s success story is just one example of the potential impact that strategic investment from venture capitalists (VCs) could have on Africa’s blockchain industry. Despite the continent’s vast potential, African nations received only 1% of global blockchain venture funding in 2020, compared to the US’s 40%. This underinvestment is a missed opportunity for VCs looking to capitalize on the long-term potential of blockchain technology in Africa.

The adoption of blockchain technology has the potential to revolutionize the African economy by addressing challenges such as financial inclusion, transparency, and efficiency. Many African economies face unique challenges that blockchain technology can help overcome, such as the high number of unbanked and underbanked individuals and businesses. Cryptocurrencies are increasingly bridging the gap by providing access to financial services and enabling informal sectors to integrate into the formal economy.

In the financial services industry, blockchain technology is already making a significant impact by providing better access to credit, improving business practices, and enhancing economic stability. Traditional financial service providers and fintech companies are also exploring ways to provide crypto services to their customers, further driving the adoption of blockchain technology across the continent.

Innovative start-ups across Africa are working to leverage the full potential of blockchain technology, but scaling these solutions remains a challenge without adequate venture capital. VALR’s success in securing Africa’s largest-ever crypto VC-raise demonstrates the positive influence that strategic investment can have on the continent’s crypto landscape and broader economy. By investing in industry-leading technologies, VALR has been able to serve over corporate clients and retail customers worldwide, showcasing the transformative power of blockchain technology in Africa.

As Africa continues to develop sound regulatory frameworks and embrace blockchain technology, VCs have the opportunity to play a crucial role in driving economic advancement and innovation across the continent. By recognizing the potential of Africa’s blockchain boom and investing strategically in the region, VCs can not only benefit financially but also contribute to the growth and development of Africa’s emerging blockchain ecosystem.