Africa’s most comprehensive corporate data platform, Asoko Insight, and Orbitt, Africa’s first deal origination and processing platform recently announced a partnership that will establish an expanded digital platform for companies, investors, and advisers across the continent.
Asoko Insight provides banks, investors, and multinational corporations with access to data on private companies across Africa.
The partnership will combine Asoko’s unique data acquisition model and growing database of over 50,000 companies with the 1,000 Africa-focused investors and investment service providers on Orbitt’s platform. This will definitely drive the development of a more mature, highly efficient, and data-driven technology investment ecosystem.
“This is not a one-off event. Rather, the partnership between Asoko and Orbitt opens up a unique 365-day ecosystem where dealmaking can happen between Africa’s largest investors, top-tier advisers, and the most robust private companies on the continent.” Will Hunnam, Co-Founder and Head of Product at Orbitt, said.
This partnership between Asoko and Orbitt also removes many existing barriers to deal origination. Moreover, it allows the seamless and secure exchange of information between growing businesses and a digital network of investors and advisers who can match, connect and do business with the right counterparty.
About the partnership
The two organisations will deliver Africa’s most extensive digital dealmaking platform by providing the data, tools, and network to drive investment across the continent.
Adding to this, Obi Ejimofo, Chief Innovation Officer at Asoko believes Orbitt is a perfect match for a partnership.
“In terms of partners, Orbitt is a natural fit for us as we continuously look for ways to extend the value that Asoko has been delivering to the African investment ecosystem over the last few years. This is one of a number of strategic partnerships that we will be announcing this quarter as we scale up our ability to provide a game-changing resource for investment around and into the continent,” he said.
The business models are to accelerate the reach of African companies. They equally look forward to growing and access institutional capital while reducing the time and cost for investors seeking investment opportunities in the region.
This is a great opportunity for business owners and CEOs to tap into a marketplace that covers 20 different intermediary services as they get investor-ready and require transaction services.