News Summary

Joe Kinvi, former growth lead at Stripe, has launched Borderless, a platform designed to help the African diaspora invest in startups and real estate in Africa. After leaving Stripe, Kinvi focused on creating a tool that allows diaspora collectives to securely manage investments, overcoming challenges such as currency mismatches and regulatory hurdles. Borderless has processed over $500,000 in transactions, enabling diaspora members to invest with minimum contributions of $1,000 for startups and $5,000 for real estate projects. The platform provides backend infrastructure for accepting cross-border payments and deploying capital securely. With over 100 communities on its waitlist, Borderless is expanding its investment offerings and aims to unlock the $30 billion in idle migrant savings annually. The startup, backed by investors including DFS Lab and executives from Stripe and Google, focuses on building trust and ensuring legal compliance to facilitate confident and secure investments.