Asoko enters 9th market in Africa

Asoko enters 9th market in Africa

Our member Asoko Insight; a corporate data company has launched its operation in Rwanda.

Rwanda will become the Corporate Data Company’s ninth African country of operation.

Through the launch Asoko’s company database will now include profiles of 500+ of Rwanda’s top companies, in addition to add-on services like deeper industry-mapping and corporate document retrieval on any registered company in Rwanda.

Launched in 2014, Asoko Insight operates through research bases in Accra, Lagos, Nairobi, Addis Ababa and Abidjan, collecting and analyzing company information through channels such as technology, partnerships and teams of research analysts and data services personnel.

The company also provides up-to-date management information, profiles, insights and data on unlisted companies across Africa to investors, global corporates and institutions.

Asoko Insight collects its data through a combination of in-country collection teams, online data mining, media syndication and institutional data partnerships. The company then avails information via subscription access to our extensive database or individual company snapshot purchase.

In April 2018, Asoko completed a US$3.6 million Series A fundraising round and announced its plans to move into the next stage of its pan-African expansion plan.

The early shareholders of the company North Base Media, CRE Venture Capital, Singularity Investments and Lateral Capital, participated in the funding round. The shareholders have since been joined by new participants such as LC Partners, Spice Fund, Outlierz Ventures, and Zephyr Acorn.

The fund-raise follows a strong 2017 for the company in which both the number of companies and countries covered on the platform doubled, and global players including Goldman Sachs, UBS, HB Fuller and Deloitte subscribed. Asoko also concluded a string of strategic partnerships, including one with London Stock Exchange Group (LSEG), PwC and CDC Group to develop the 2018 edition of Companies To Inspire Africa.

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