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  • Departmental

Equity can cost too much control. Debt can be too rigid. This week, we’re unpacking a middle path: hybrid financing.

From SAFEs and convertible notes to preference shares and revenue-based financing, hybrid instruments are reshaping how Nigerian startups raise capital—on founder-friendly terms.

We break down what they are, how they work, and what founders need to consider before signing on the dotted line.

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