In a dramatic turn of events, a South African High Court has provisionally liquidated the venture firm 54 Collective, formerly known as Africa Founders Ventures NPC (AFV), following grave allegations of financial misconduct. The allegations were brought forward by the Mastercard Foundation, which had entrusted the firm with a $106.5 million charitable grant aimed at supporting small and medium-sized enterprises … Continue reading South African Court provisionally liquidates 54 Collective amid allegations of financial misconduct