Afriwise, an online platform in Africa that provides instant answers to legal and business questions, has secured a €1m investment from a pair of angel investors. Afriwise was created by Africans for Africans, and is extremely useful for anyone doing business in Africa.
Three years after being founded (end of 2018), Afriwise welcomes new investors to its shareholding, with Jacques Emsens and Christophe de Limburg Stirum joining the company’s board of directors, where they are welcomed by early investors Bart Sobry (Zoutman/Potrell) and Mathias Vandaele (Hectaar). The company announced that it has raised a €1 million investment from the Belgian investors. This is promising, as we don’t hear nearly enough about legal tech investments in Africa.
Afriwise is a subscription-based online legal know-how service founded by Steven De Backer, a former South African lawyer now based in Belgium. It offers up-to-date legal knowledge about African markets in real-time, thanks to a collaborative model with top local firms and proprietary, cutting-edge technology. The company has been recognized as the most authoritative and robust online legal-information solution across Africa, offering access to domestic legislation and bills, legal reporting, in-depth practical advice and legal-sourcing solutions, all from a single, centralised platform. Bolloré, Deloitte, Barloworld, Vodafone, Roche, General Electric, DHL, and MTN among others, have all implemented this ground-breaking solution.
Afriwise believes that by partnering with and completely incorporating the African legal sector into its platform, it is contributing to the advancement of the SDGs in the legal and justice space. Indeed, the company collaborates with over 100 law firms across Africa to provide the platform’s in-depth practical legal guidance, making it the biggest joint project ever unveiled in the African professional services sector.
According to De Backer, the new funding will be used to provide users with more relevant content, accelerate expansion into new countries, and enhance the platform’s technology.