Lungisa Matshoba Of Yoco & Shafin Anwarsha Of Giraffe on repping Africa’s startup scene abroad

Lungisa Matshoba is a Co-founder & Director of the Cape Town-based fintech startup, Yoco, and Shafin Anwarsha is Founder & Head of Product at Giraffe— a Johannesburg-based mobile recruitment startup. The two are well-regarded poster boys for South Africa’s emerging startup scene. Both their firms are currently enjoying a season of relative success as their businesses continue to gain traction and land the backing of venture capitalist interests. Among other things, Lungisa and Shafin chat to Andile Masuku about some of the misconceptions about the realties of Africa’s startup scene that they have encountered when trotting out their businesses in foreign markets, and they get real about two of arguably the most important growth metrics— revenue and profit. They also share some of the mistakes they would avoid if they could start their entrepreneurial journeys afresh.