August 2018, Kai Schmidt, Bachelor of Science graduate in Business Administration at Frankfurt School of Finance & Management sits in the deli of his alma mater. He enjoys his coffee in one of the modern armchairs. Being just 23, Kai Schmidt does not stand out amongst the students – he could be still one of them. However, he has already worked in Bangladesh and operates in Nigeria with his own business. “In Europe there is the public perception that all Africans want to leave their continent. This is not the realitiy – in Africa as well as in Bangladesh, there are many young talents who want to achieve a lot in their lives”, explains Schmidt.
Kai Schmidt says that he has not graduated from a renowned business school only because of financial reasons. He aims to give something back – Schmidt calls it a social return. This is also reason why he has founded the platform Crypto Development Fund with two graduates from TU München in early 2018. With their enterprise the founders want to bring together African start-ups, especially from Nigeria, with European investors. The platform aims to bring together businesses and investors as well as to realise the official conclusion of contracts – all based on the Blockchain-Technology. This is how the founders want to implement collaborations without central institutions – quick and easy.