#53: Konga - How the Ecommerce platform initially grew and eventually reset across Nigeria

Afrobility: Africa Tech and Business

Player FM - Internet Radio Done Right

39 subscribers

Lagt till five år sedan

Innehåll tillhandahållet av Olumide Ogunsanwo and Bankole Makanju, Olumide Ogunsanwo, and Bankole Makanju. Allt poddinnehåll inklusive avsnitt, grafik och podcastbeskrivningar laddas upp och tillhandahålls direkt av Olumide Ogunsanwo and Bankole Makanju, Olumide Ogunsanwo, and Bankole Makanju eller deras podcastplattformspartner. Om du tror att någon använder ditt upphovsrättsskyddade verk utan din tillåtelse kan du följa processen som beskrivs här https://sv.player.fm/legal.

In Her Ellement

1
Navigating Career Pivots and Grit with Milo’s Avni Patel Thompson 26:18

för 14 dagar sedan26:18

Spela Senare

Listor

Gilla

Gillad

26:18

How do you know when it’s time to make your next big career move? With International Women’s Day around the corner, we are excited to feature Avni Patel Thompson, Founder and CEO of Milo. Avni is building technology that directly supports the often overlooked emotional and logistical labor that falls on parents—especially women. Milo is an AI assistant designed to help families manage that invisible load more efficiently. In this episode, Avni shares her journey from studying chemistry to holding leadership roles at global brands like Adidas and Starbucks, to launching her own ventures. She discusses how she approaches career transitions, the importance of unpleasant experiences, and why she’s focused on making everyday life easier for parents. [01:26] Avni's University Days and Early Career [04:36] Non-Linear Career Paths [05:16] Pursuing Steep Learning Curves [11:51] Entrepreneurship and Safety Nets [15:22] Lived Experiences and Milo [19:55] Avni’s In Her Ellement Moment [20:03] Reflections Links: Avni Patel Thompson on LinkedIn Suchi Srinivasan on LinkedIn Kamila Rakhimova on LinkedIn Ipsos report on the future of parenting About In Her Ellement: In Her Ellement highlights the women and allies leading the charge in digital, business, and technology innovation. Through engaging conversations, the podcast explores their journeys—celebrating successes and acknowledging the balance between work and family. Most importantly, it asks: when was the moment you realized you hadn’t just arrived—you were truly in your element? About The Hosts: Suchi Srinivasan is an expert in AI and digital transformation. Originally from India, her career includes roles at trailblazing organizations like Bell Labs and Microsoft. In 2011, she co-founded the Cleanweb Hackathon, a global initiative driving IT-powered climate solutions with over 10,000 members across 25+ countries. She also advises Women in Cloud, aiming to create $1B in economic opportunities for women entrepreneurs by 2030. Kamila Rakhimova is a fintech leader whose journey took her from Tajikistan to the U.S., where she built a career on her own terms. Leveraging her English proficiency and international relations expertise, she discovered the power of microfinance and moved to the U.S., eventually leading Amazon's Alexa Fund to support underrepresented founders. Subscribe to In Her Ellement on your podcast app of choice to hear meaningful conversations with women in digital, business, and technology.…

för 3 år sedan 2:01:50

MP3•Episod hem

Overview: Today, we discuss Konga, the Nigerian e-commerce company. We’ll explore the Konga story across 5 areas:

We'll give some context about the Nigerian e-commerce sector
Konga's early history
Product & Monetization strategy
Konga sale
Overall outlook

This episode was recorded on July 3, 2022

Companies discussed: Konga, Jumia, Naspers, Kinnevik, Jiji, OLX, Amazon, Takealot, Yudala & Zinox

Business concepts discussed: Ecommerce, marketplaces, classifieds, fundraising strategy, Blitzscaling risks, market readiness & Africa expansion

Conversation highlights:

(01:13) - Konga background and why we’re talking about it
(09:19) - Nigeria background and context
(14:00) - Nigeria commerce context c. 2012
(17:00) - Background on Sim Shagaya
(29:02) - Konga launch strategy and fundraising
(45:55) - Konga monetization
(50:51) - Competition with Jumia
(1:04:35) - Konga’s business lines
(1:08:10) - Konga’s declining fortunes and sale to Zinox
(1:27:00) - Lessons for startups from Konga
(1:39:28) - Bankole’s overall thoughts and outlook
(1:53:57) - Olumide’s overall thoughts and outlook
(1:57:34) - Recommendations and small wins

Olumide’s recommendations & small wins:

Recommendation: Eboys - Book about the history of Benchmark
Recommendation: Different kinds of smart (Morgan housel blog post). Article so good that I subscribed to his entire blog
Small win: Listening to 20MinVC episode with Fabrice Grinda (OLX founder) the day after I published Afrobility OLX episode
Interested in investing in Africa Tech with Olumide: Read about Adamantium fund & contact me at olumide@afrobility.com
Founders looking for funding: If you're a B2B founder working on Education, Health, Finance or food, please contact me for funding at olumide@afrobility.com

Bankole’s recommendations & small wins:

Recommendation: Business Breakdowns Podcast - Amazon Aggregators
Small win: in-person meetings with friends at work
Other content: Chinese E-Commerce to Surpass 50% of Total Retail Sales | BoF - link

Listeners, Operators & Investors: Email info@afrobility.com, we’d love to partner or get your feedback.

All episodes on Afrobility.com

80 episoder

#Tech #Afrobility

#53: Konga - How the Ecommerce platform initially grew and eventually reset across Nigeria

Afrobility: Africa Tech and Business

39 subscribers

published för 3 år sedan

Dela

MP3•Episod hem

Overview: Today, we discuss Konga, the Nigerian e-commerce company. We’ll explore the Konga story across 5 areas:

We'll give some context about the Nigerian e-commerce sector
Konga's early history
Product & Monetization strategy
Konga sale
Overall outlook

This episode was recorded on July 3, 2022

Companies discussed: Konga, Jumia, Naspers, Kinnevik, Jiji, OLX, Amazon, Takealot, Yudala & Zinox

Business concepts discussed: Ecommerce, marketplaces, classifieds, fundraising strategy, Blitzscaling risks, market readiness & Africa expansion

Conversation highlights:

(01:13) - Konga background and why we’re talking about it
(09:19) - Nigeria background and context
(14:00) - Nigeria commerce context c. 2012
(17:00) - Background on Sim Shagaya
(29:02) - Konga launch strategy and fundraising
(45:55) - Konga monetization
(50:51) - Competition with Jumia
(1:04:35) - Konga’s business lines
(1:08:10) - Konga’s declining fortunes and sale to Zinox
(1:27:00) - Lessons for startups from Konga
(1:39:28) - Bankole’s overall thoughts and outlook
(1:53:57) - Olumide’s overall thoughts and outlook
(1:57:34) - Recommendations and small wins

Olumide’s recommendations & small wins:

Recommendation: Eboys - Book about the history of Benchmark
Recommendation: Different kinds of smart (Morgan housel blog post). Article so good that I subscribed to his entire blog
Small win: Listening to 20MinVC episode with Fabrice Grinda (OLX founder) the day after I published Afrobility OLX episode
Interested in investing in Africa Tech with Olumide: Read about Adamantium fund & contact me at olumide@afrobility.com
Founders looking for funding: If you're a B2B founder working on Education, Health, Finance or food, please contact me for funding at olumide@afrobility.com

Bankole’s recommendations & small wins:

Recommendation: Business Breakdowns Podcast - Amazon Aggregators
Small win: in-person meetings with friends at work
Other content: Chinese E-Commerce to Surpass 50% of Total Retail Sales | BoF - link

Listeners, Operators & Investors: Email info@afrobility.com, we’d love to partner or get your feedback.

All episodes on Afrobility.com

80 episoder

#Tech #Afrobility

Alla avsnitt

1
#79: Cellulant - How the FinTech payments platform is providing financial services across Africa 1:45:14

för 6 weeks sedan1:45:14

1:45:14

Overview: Today, we’re going to talk about Cellulant, the African payments infrastructure company. We’ll explore the story across the following areas African financial sector context Cellulant’s early history Product & monetization strategy Competitive positioning & potential exit options Outlook This episode was recorded on Jan 20, 2025 Companies discussed: Cellulant, Flutterwave, Interswitch, DPO Group (Network International), Paystack, Stripe, Moniepoint, MTN & Airtel. Business concepts discussed: Payments platforms, payments partnerships strategy, card networks, payments infrastructure, low-end disruption, banking regulation & payments M&A strategy Conversation highlights: (01:00) - What is Cellulant and why we’re talking about them (07:25) - Context of African Banking Opportunity and Neobanks (15:07) - Cellulant founding and early history (36:16) - Fundraising (41:17) - Growth and Geographical Expansion (58:12) - Product and Monetization Strategy (01:15:12) - Competition and Options for Exit (1:21:26) - Bankole’s overall thoughts and outlook (1:28:18) - Olumide’s overall thoughts and outlook (1:32:45) - Recommendations and small wins Olumide’s recommendations & small wins: Interested in investing in Africa Tech with Olumide: Read about Adamantium fund & contact me at olumide@afrobility.com. Founders looking for funding: If you're a B2B founder working on Education, Health, Finance or food, please contact me for funding at olumide@afrobility.com Checkout my FIREDOM book = FIRE (Financial Independence, Retire Early) + Freedom = personal finance and financial independence book. Website , Read: Substack Newsletter & Buy: Print, eBook or Audiobook ) Recommendation: Titan - Rockefeller's autobiography . Solid and thorough look at the fascinating life of an incredible person. Incredible read. Recommendation: Areté: Activate Your Heroic Potential . Personal development book filled with ideas, as it compiles insights from other renowned books. Recommendation: The 38 Letters from J.D. Rockefeller to his son : Letters from Rochaleller to his son with timeless stories and life principles Recommendation: Google Notebook LM . Game changer for researchers, Incredible resource to research information when you have sources. Small win: Stretching and yoga in the mornings before weight lifting workouts Small win: Went to south pointe picnic with friends Bankole’s recommendations & small wins: Recommendation: Podcast: Francois Chollet, Mike Knoop - LLMs won’t lead to AGI - $1,000,000 Prize to find true solution & Video: 20 Mechanical Principles in One Lego Machine Small win: Early in the year, but working out everyday Other content: Ken Njoroge's Entrepreneurship Journey: Overcoming Tragedy and Building Success Listeners: We’d love to hear from you. Email info@afrobility.com with feedback! Founders & Operators: We'd love to hear about what you're working on, email us at info@afrobility.com Investors: It would be great to link up with you. Contact us at info@afrobility.com Join our insider mailing list where we get feedback on new episodes & find all episodes on Afrobility.com…

1
#78: MNT-Halan - How the lending platform is providing financial services across Egypt and other developing markets 2:06:05

för 12 weeks sedan2:06:05

2:06:05

Overview: Today, we’re going to talk about MNT-Halan, the Egyptian lending & financial services company. We’ll explore the MNT-Halan story across the following areas African and Egyptian financial sector context MNT-Halan’s early history Product & monetization strategy Competitive positioning & potential exit options Outlook This episode was recorded on Dec 11, 2024 Companies discussed: MNT-Halan, Mashroey, Tasaheel, Halan, Raseedy, Talabeyah, Advans Pakistan, Fawry, Swvl, Gojek, Paymob, & Tam Finans Business concepts discussed: Asset-backed Financing, Microfinance Lending, Super App Strategy, Buy Now Pay Later (BNPL), Digital Wallets and Payment Solutions, B2B E-commerce, Corporate Venture Capital, Incubation, Financial Inclusion, Banking Infrastructure, Payroll Lending, Salary Advances, Agent Banking Networks, Revenue Models in Fintech, International Expansion Conversation highlights: (00:00) - Intro and why we're talking about MNT-Halan (06:46) - Egypt country context (16:17) - The opportunity for African neobanks (26:15) - MNT Halan Founding and Early History (57:55) - Growth and Geographical Expansion (1:14:50) - Product Strategy and Monetization (1:35:52) - Competition and options for exit (1:47:20) - Bankole's overall thoughts and outlook (1:54:22) - Olumide's overall thoughts and outlook (2:06:32) - Recommendations and small wins Olumide’s recommendations & small wins: Interested in investing in Africa Tech with Olumide: Read about Adamantium fund & contact me at olumide@afrobility.com. Founders looking for funding: If you're a B2B founder working on Education, Health, Finance or food, please contact me for funding at olumide@afrobility.com Checkout my FIREDOM book = FIRE (Financial Independence, Retire Early) + Freedom = personal finance and financial independence book. Website , Read: Substack Newsletter & Buy: Print, eBook or Audiobook ) Recommendation: The Intel Trinity: How Robert Noyce, Gordon Moore, and Andy Grove Built the World's Most Important Company : Solid book about the story of Intel, the microprocessor, and the Silicon Valley industry, focusing on Robert Noyce, Gordon Moore, and Andy Grove Recommendation: Nexus: A Brief History of Information Networks from the Stone Age to AI (by Yuhal Noah Harari) : Nexus is a solid book that I would recommend, especially if you enjoyed his previous works like Sapiens . While it may not appeal to everyone, particularly those who didn’t enjoy his other books, it's an engaging read that offers a counterpoint to views like Marc Andreessen's, particularly on AI’s future impact. Recommendations: Awardtool and PointsYeah : Help you find award bookings but with a better user experience. For example, if you want to fly from Lagos to Paris, you might use Google Flights or Kayak for cash fares, but for award bookings with points, you'd traditionally need to visit individual airline sites like United. Small win: I found a way to host my website on GitHub pages for free instead of paying Squarespace outrageous fee. Started doing yoga and stretching exercises every morning Bankole’s recommendations & small wins: Recommendations: Article about research challenging the common belief that "buying experiences makes you happier than buying possessions" & YouTube 41-shot rally video from Commonwealth Games featuring Chagun Toriola (Nigerian table tennis player) Small win: Finally set up my home office with a streamlined single-cable setup for multiple computers Listeners: We’d love to hear from you. Email info@afrobility.com with feedback! Founders & Operators: We'd love to hear about what you're working on, email us at info@afrobility.com Investors: It would be great to link up with you. Contact us at info@afrobility.com Join our insider mailing list where we get feedback on new episodes & find all episodes on Afrobility.com…

1
#77: PiggyVest - How the savings and investment platform is providing financial services across Nigeria 2:24:47

för 17 weeks sedan2:24:47

2:24:47

Overview: Today, we’re going to explore PiggyVest - the Nigerian savings and investment platform. We’ll discuss the story across the following areas: African Banking & Neobank context PiggyVest’s early history Product & monetization strategy Competitive positioning & potential exit options Overall outlook This episode was recorded on Oct 30, 2024 Companies discussed: PiggyVest, Chipper Cash, Kuda Bank, Paystack, Flutterwave, FairMoney, Paystack, Brass, Cowrywise, Carbon, Chipper Cash, Interswitch, GTBank, Sterling Bank & UBA. Business concepts discussed: Neobank / Challenger bank / digital bank strategy, remittances Neobank monetization & Consumer Lending, consumer FinTech monetization strategy, consumer lending, retail banking strategy, customer segmentation strategy & low-end disruption Conversation highlights: (00:30) - Introduction (05:50) - African Banking & Neobank context (30:16) - PiggyVest's Founding Story (41:15) - Fundraising and Growth (53:30) - Geographical Expansion and Partnerships (01:18:52) - Product and Monetization strategy (01:35:20) - Competition and options for exit (01:54:35) - Bankole’s overall thoughts and outlook (02:05:15) - Olumide’s overall thoughts and outlook (02:15:45) - Recommendations and small wins Olumide’s recommendations & small wins: Recommendation: Sisqo - Got to Get it video - Insane shit. Sisqo singing and dancing his heart out. So dope. Recommendation: Rob Berger's Personal Finance YouTube channel Recommendation: The Patriarch: The Remarkable Life and Turbulent Times of Joseph P. Kennedy . Excellent book. A little bit of everything, entrepreneurship - History, politics, family life & hollywood. Small win: I spent the week in Cusco & Lima, it was magical and fun. Some sand, some llamas, lots of dancing. Epic shit Bankole’s recommendations & small wins: Recommendation: BBC Radio 4 - In Our Time Podcast & Active - Asake Small win: Running 25 miles a week Other content: These Nigerian universities produced the most startup founders - Nairametrics Listeners: We’d love to hear from you. Email info@afrobility.com with feedback! Founders & Operators: We'd love to hear about what you're working on, email us at info@afrobility.com Investors: It would be great to link up with you. Contact us at info@afrobility.com Join our insider mailing list where we get feedback on new episodes & find all episodes on Afrobility.com…

1
#76: IHS Towers - How the telecom infrastructure company is building and managing towers across Africa and beyond 1:42:25

för 44 weeks sedan1:42:25

1:42:25

Overview: Today, we’re going to explore IHS Towers - the African telecommunications infrastructure company. We’ll discuss the story across the following areas: Telecom tower infrastructure context IHS Towers' early history Product & monetization strategy Competitive positioning & potential exit options Overall outlook This episode was recorded on May 5, 2024 Companies discussed: IHS Towers, MTN, Airtel, Telkom, Orange, Etisalat / 9 Mobile, American Tower Company, Globacom, Libancell, Helios Towers Nigeria, Telkom, Vodacom, Goldman Sachs, (IFC), Public Investment Corporation of South Africa, Ecobank, Investec, Standard Bank. Business concepts discussed: Tower Infrastructure, Shared communication infrastructure, Tower Leasing and Ownership Models, Market Expansion, Sale and Leaseback, Local vs Global Strategy, Capital-intensive business models, Currency devaluation Conversation highlights: (01:50) - What IHS does and why we’re talking about it (04:37) - How Towers work (12:47) - How Telcos work with Towers in Nigeria and parts of Africa (23:22) - IHS Founding and Early History (34:19) - Funding (39:32) - Growth and International Expansion (47:26) - IHS IPO and trends post IPO (55:50) - Product Strategy & Monetization (1:08:30) - Competition (1:16:22) - Bankole’s overall thoughts and outlook (1:24:06) - Olumide’s overall thoughts and outlook (1:30:24) - Recommendations and small wins Olumide’s recommendations & small wins: Interested in investing in Africa Tech with Olumide: Read about Adamantium fund & contact me at olumide@afrobility.com. Founders looking for funding: If you're a B2B founder working on Education, Health, Finance or food, please contact me for funding at olumide@afrobility.com Checkout my FIREDOM book = FIRE (Financial Independence, Retire Early) + Freedom = personal finance and financial independence book. Website , Read: Substack Newsletter & Buy: Print, eBook or Audiobook ) Recommendation: Incredible Dance routine video to Sisa Song by King Promise: I love it so much I'm not sure how to put it into words. 1 minute of greatness Recommendation: Chris Brown “Sensational” live performance : Watching Chris Brown dance is watching a master of his craft. Recommendation: J. Cole - Let Nas Down Recommendation: Nas - Make Nas Proud Recommendation: Nas & Eminem - EPMD 2 Recommendation: Nas - Rare Small win: Went back to reading older books to reset my reading palate Bankole’s recommendations & small wins: Recommendation: The Search for the Perfect Door - YouTube && Unusual Electric Car Features in Nigeria - Bloomberg Small win: Running sprints Other content: Palito FM Autoscan Radio Listeners: We’d love to hear from you. Email info@afrobility.com with feedback! Founders & Operators: We'd love to hear about what you're working on, email us at info@afrobility.com Investors: It would be great to link up with you. Contact us at info@afrobility.com Join our insider mailing list where we get feedback on new episodes & find all episodes on Afrobility.com…

1
#75: eTranzact - How Nigeria's pioneering payments and switching platform is serving businesses and governments across Africa 1:48:53

för 1 year sedan1:48:53

1:48:53

Overview: Today, we’re going to explore eTranzact - the African payments and switching platform. We’ll discuss the story across the following areas: First, Nigerian payments context Second, eTranzact's early history Third, Product & monetization strategy Fourth, Competitive positioning Fifth, Overall outlook This episode was recorded on Feb 11, 2024 Companies discussed: eTranzact, Interswitch, Unified Payment Services Limited (UPSL), Systemspecs (Remita), Paystack, Flutterwave, Moniepoint, Paga, OPay, MTN & Airtel. Business concepts discussed: Mobile money, Payments Collections, Payments ecosystem, payments partnerships strategy, card networks, payments infrastructure, low-end disruption, banking regulation & payments M&A strategy Conversation highlights: (00:57) - What is eTranzact and why we’re talking about it (07:43) - Context of Nigeria’s payment sector before eTranzact (16:45) - eTranzact founding story (35:46) - Growth and geographic expansion (45:10) - Product strategy (01:02:56) - Monetization strategy (01:20:41) - Competition (1:31:10) - Bankole’s overall thoughts and outlook (1:34:38) - Olumide’s overall thoughts and outlook (1:43:20 - Recommendations and small wins Olumide’s recommendations & small wins: Interested in investing in Africa Tech with Olumide: Read about Adamantium fund & contact me at olumide@afrobility.com. Founders looking for funding: If you're a B2B founder working on Education, Health, Finance or food, please contact me for funding at olumide@afrobility.com Checkout my FIREDOM book = FIRE (Financial Independence, Retire Early) + Freedom = personal finance and financial independence book. Website , Read: Substack Newsletter & Buy: Print, eBook or Audiobook ) Recommendation: Never Enough (Loren Allred) . Incredible. I can listen to it on repeat for the whole day. Recommendation: La Bachata (Maniel Turizo) . Dope shit. Recommendation: " Someone You Loved ". Not the original but a fabulous cover. Best line, " I was getting kinda used to being someone you loved ". Listen to the 3rd verse when they sing simultaneously. Incredible! Recommendation: A Million Miles Away movie . It is a biographical drama film about the life of José Hernández, a Mexican-American migrant farm Small win: Booked Cirque Du Soleil show. Looking forward to it. Bankole’s recommendations & small wins: Recommendation: Comma - Burna Boy && Wolfram|Alpha as the Way to Bring Computational Knowledge Superpowers to ChatGPT Small win: Clean shaven + the Nigerian AFCON semifinal win only to lose in the final a few hours after recording :( Other content: History of Web Acquiring in Nigeria && Atlas Copco on Invest Like The Best && An Empirical Examination of Why Mobile Money Schemes Ignite in Some Developing Countries but Flounder in Most Listeners: We’d love to hear from you. Email info@afrobility.com with feedback! Founders & Operators: We'd love to hear about what you're working on, email us at info@afrobility.com Investors: It would be great to link up with you. Contact us at info@afrobility.com Join our insider mailing list where we get feedback on new episodes & find all episodes on Afrobility.com…

1
#74: Moove - How the mobility fintech is providing vehicle financing to mobility entrepreneurs across Africa and the rest of the world 2:43:04

för 1 year sedan2:43:04

2:43:04

Overview: Today, we’re going to explore Moove, the mobility fintech. We’ll discuss the story across the following areas: African mobility and transportation context Moove's launch & early history Product & monetization strategy Competitive positioning & potential exit options Our overall outlook. This episode was recorded on Jan 14, 2024 Companies discussed: Moove, Uber, Lyft, Autochek, Cars45, GoKada, Creditas, Swvl, Lori, Sendy & FairMoney Business concepts discussed: Revenue-based financing, asset-based lending, Ridesharing & Mobility entrepreneurship Conversation highlights: (01:20) - What Moove does and why we’re talking about it (06:57) - Context of mobility and public transportation in Nigeria (21:50) - Founders’ background (27:50) - Moove founding and early history (32:16) - Fundraising (43:20) - Growth and Geographical Expansion (48:15) - Partnerships (1:07:26) - Product and Monetization Strategy (1:28:44) - Metrics (1:33:50) - Competition and options for exit (1:53:10) - Olumide’s overall thoughts and outlook (2:09:07) - Bankole’s overall thoughts and outlook (2:26:12) - Recommendations and small wins Olumide’s recommendations & small wins: Interested in investing in Africa Tech with Olumide: Read about Adamantium fund & contact me at olumide@afrobility.com. Founders looking for funding: If you're a B2B founder working on Education, Health, Finance or food, please contact me for funding at olumide@afrobility.com Checkout my FIREDOM book = FIRE (Financial Independence, Retire Early) + Freedom = personal finance and financial independence book. Website , Read: Substack Newsletter & Buy: Print, eBook or Audiobook ) Recommendation: The Gap and The Gain (by Benjamin Hardy & Dan Sullivan : Book about mindset and approach to life, measuring success, fulfilment and happiness. Recommendation: Be Useful: Seven Tools for Life (Arnold Schwarzenegger) : Great book by the legend about principles to approach life to get what you want. At this point, I've read all his books and can recommend them all. Arnold records the audiobook end-to-end by himself so be ready for awesomeness Small win: Completely revamped by Body Skincare after getting deep into research about this Bankole’s recommendations & small wins: Recommendation: Money Maze Podcast - Interview with the CEO of De Beers && We are different from all other humans in history && The Reality of the Danish Fairytale Small win: Successful visa application to South Africa Other content: Nigeria’s Secured Lending Opportunity - bankole.org Listeners: We’d love to hear from you. Email info@afrobility.com with feedback! Founders & Operators: We'd love to hear about what you're working on, email us at info@afrobility.com Investors: It would be great to link up with you. Contact us at info@afrobility.com Join our insider mailing list where we get feedback on new episodes & find all episodes on Afrobility.com…

1
#73: AFEX (Africa Exchange) - How the commodities exchange is facilitating commodity trade by offering training, credit, storage to farmers & providing investment solutions to financial partners 1:55:51

för 1 year sedan1:55:51

1:55:51

Overview: Today, we’re going to explore AFEX, the African commodities exchange. We’ll discuss the story across the following areas: African Agriculture context AFEX's launch & early history Product & monetization strategy Competitive positioning & potential exit options Overall outlook. This episode was recorded on Dec 24, 2023 Companies discussed: AFEX, EAX (East African Commodity Exchange), Tony Elumelu Foundation, Heirs Holdings, Apollo Agriculture, NCX, Cargill, Louis Dreyfuss, 50 Ventures & Berggruen Charitable Trust Business concepts discussed: Agriculture technology (AgTech, AgriTech or AgroTech), Agribusiness marketplaces, farming financing, Farmer market access opportunities, Agriculture insurance strategy, Commodity trading & Internal Entrepreneurship (Incubated company strategy). Conversation highlights: (01:10) - What Afex is and why we’re talking about it (08:36) - Context of agriculture in Africa (21:49) - AFEX Founding story (33:28) - Fundraising (39:56) - Growth, geographical expansion and partnerships (49:42) - Product strategy, monetization and growth (59:14) - Cost structure, revenue and margins (1:10:00) - Business and user metrics (1:13:14) - Competition and options for exit (1:21:02) - Bankole’s overall thoughts and outlook (1:34:25) - Olumide’s overall thoughts and outlook (1:47:45) - Recommendations and small wins Olumide’s recommendations & small wins: Interested in investing in Africa Tech with Olumide: Read about Adamantium fund & contact me at olumide@afrobility.com. Founders looking for funding: If you're a B2B founder working on Education, Health, Finance or food, please contact me for funding at olumide@afrobility.com Checkout my FIREDOM book = FIRE (Financial Independence, Retire Early) + Freedom = personal finance and financial independence book. Website , Read: Substack Newsletter & Buy: Print, eBook or Audiobook ) Recommendation: I went back and re-read some of my classic books: How I found freedom in an Unfree world (Harry Browne) , Don't Sweat the Small Stuff and It's All Small Stuff (Richard Carlson) & A Guide to the Good Life - The Ancient Art of Stoic Joy (William B. Irvine) Small win: Hiking with new friends in St Thomas. Cool Bankole’s recommendations & small wins: Recommendation: FiveBooks.Com - FiveBooks.com shares lists of the best five books on many topics, chosen by experts in that area Recommendation: J eff Bezos on Lex Fridman Podcast. A rare Jeff Bezos long form interview. Small win: Running while listening to Big 7 - Burna Boy Fact check: Tony Elumelu narrates How He Went from Second Class Lower Degree to Nigeria's Billionaire Other content: FT ranking: Africa's Fastest Growing Companies 2023 & AFEX Nigeria loses maize worth N85m to 'police raid' Listeners: We’d love to hear from you. Email info@afrobility.com with feedback! Founders & Operators: We'd love to hear about what you're working on, email us at info@afrobility.com Investors: It would be great to link up with you. Contact us at info@afrobility.com Join our insider mailing list where we get feedback on new episodes & find all episodes on Afrobility.com…

1
#72: Nomba (Kudi) - How the Nigerian FinTech is providing Point-of-Sale, agency banking and payment solutions to merchants across Africa 1:36:25

för 1 year sedan1:36:25

1:36:25

Overview: Today, we’re going to talk about Nomba (formerly known as Kudi) , the FinTech payments solutions provider. We’ll explore the story across the following areas: African & Nigerian SME context Nomba's early history Product & monetization strategy Competitive positioning & potential exit options Our overall outlook. This episode was recorded on December 3, 2023 Companies discussed: Nomba (Kudi), MoniePoint (TeamApt), Yoco, Kuda Bank, Flutterwave, Paystack, Stripe, Safaricom, Brass Banking, TradeDepot, Sabi, Paystack, Flutterwave, MTN, Airtel, Bumpa, Vendease, Orda, OPay, OnePipe, Paga, FairMoney, Omnibiz, Interswitch & Kippa Business concepts discussed: SME Agency Banking, Informal retail, banking, Open banking & Mobile Money, Merchants solutions, Points-of-Sale devices, SME Lending & hardware and software bundling Conversation highlights: (01:25) - Nomba context (06:29) - Context of African SMEs and Informal retail (19:10) - Founding story and founders’ background (29:02) - Fundraising (43:07) - Partnerships, Geographical expansion and Team (47:55) - User metrics (52:55) - Product and Monetization strategy (1:02:24) - Competition and options for exit (1:12:35) - Olumide’s overall thoughts and outlook (1:18:50) - Bankole’s overall thoughts and outlook (1:24:40) - Recommendation and small wins Olumide’s recommendations & small wins: Interested in investing in Africa Tech with Olumide: Read about Adamantium fund & contact me at olumide@afrobility.com. Founders looking for funding: If you're a B2B founder working on Education, Health, Finance or food, please contact me for funding at olumide@afrobility.com Checkout my FIREDOM book = FIRE (Financial Independence, Retire Early) + Freedom = personal finance and financial independence book. Website , Read: Substack Newsletter & Buy: Print, eBook or Audiobook ) Recommendation: Jay-Z at Madison Square Garden . Incredible. He performs so many of his hit songs with an ensemble of other artists. I was jumping of my chair rapping along. Recommendation: Charlie Munger died last week.. What a hero. What a legend. What a mind. I love the guy. I can recommend all his books and videos Bankole’s recommendations & small wins: Recommendation: Constellation Software on Business Breakdowns Small win: Running in Paris and Ray-Ban Meta glasses Listeners: We’d love to hear from you. Email info@afrobility.com with feedback! Founders & Operators: We'd love to hear about what you're working on, email us at info@afrobility.com Investors: It would be great to link up with you. Contact us at info@afrobility.com Join our insider mailing list where we get feedback on new episodes & find all episodes on Afrobility.com…

1
#71: TymeBank - How the South African Neobank is integrating digital and physical experiences to provide holistic financial services across emerging markets 2:30:55

för 1 year sedan2:30:55

2:30:55

Overview: Today, we’re going to explore TymeBank - the South African neobank. We’ll discuss the story across the following areas: African & Nigerian banking context TymeBank's launch, early history, growth & fundraising Product & monetization strategy Competitive positioning & potential exit options Overall outlook. Companies discussed: TymeBank, African Rainbow Capital (ARC), MTN, Kuda Bank, Chipper Cash, FairMoney, Carbon, Discovery Bank, Branch, Pick N Pay, TakeAlot, Commonwealth Bank of Australia, Bank Zero, Naspers & NuBank Business concepts discussed: International expansion, Startups and Distribution, Deposit banking, International expansion, Data sovereignty, Conversation highlights: (00:30) - TymeBank context (08:15) - Context of African Banking (24:20) - TymeBank founding story (52:20) - Fundraising (55:01) - Growth and geographical expansion (1:20:03) - Product & Monetization Strategy (1:50:08) - Competition and options for Exit (2:00:33) - Bankole’s overall thoughts and outlook (2:10:38) - Olumide’s overall thoughts and outlook (2:15:00) - Recommendations and small wins Olumide’s recommendations & small wins: Interested in investing in Africa Tech with Olumide: Read about Adamantium fund & contact me at olumide@afrobility.com. Founders looking for funding: If you're a B2B founder working on Education, Health, Finance or food, please contact me for funding at olumide@afrobility.com Checkout my FIREDOM book = FIRE (Financial Independence, Retire Early) + Freedom = personal finance and financial independence book. Website , Read: Substack Newsletter & Buy: Print, eBook or Audiobook ) Recommendation: AI 2041: Ten Visions for Our Future (Kai-Fu Lee) : Great book about the potential of AI told across 10 stories Recommendation: Dangote (song by Burna Boy) . Incredible song Recommendation: Good Bad Boy (song by Lil Kesh). Catchy and smooth chorus. With a deeper meaning about searching for companionship Small win: I was in NYC book launch for FIREDOM Book launch. Dope. Bankole’s recommendations & small wins: Recommendation: Plunder by Brendan Ballou - A book on the excesses of Private Equity. PE is an example of well-intentioned policy having (unintentional?) downstream impact. Recommendation: Business Breakdown Podcast on Mobile Gaming : The uneven distribution of paying customers in mobile gaming reminds me of emerging market telco companies Small win: Quest 3 Headset! VR is coming along nicely. Other content: TymeBank Holdings 2022 Financial Statement & Substack on the history of Tyme Global Listeners: We’d love to hear from you. Email info@afrobility.com with feedback! Founders & Operators: We'd love to hear about what you're working on, email us at info@afrobility.com Investors: It would be great to link up with you. Contact us at info@afrobility.com Join our insider mailing list where we get feedback on new episodes & find all episodes on Afrobility.com…

1
#70: Carbon - How the credit-led neobank is providing loans, BNPL and financial services across Nigeria and Africa 2:37:53

för 1 year sedan2:37:53

2:37:53

Overview: Today, we’re going to explore Carbon, the credit-led Neobank. We’ll discuss the Carbon story across the following areas: African lending & consumer credit Carbon's founding & early history Product & monetization strategy Competitive positioning & potential exit options Overall outlook This episode was recorded on Oct 15, 2023 Companies discussed: Carbon (PayLater, One Credit, OneFi, One Finance), Diamond Bank, Cafe Neo, Kaizen Venture Partners, FairMoney, Branch, Paga, Kuda Bank, GTBank, Access Bank, Chipper Cash, NuBank, Lesaka (NET1 UEPS), Lendable, Interswitch, Visa, RenMoney, Tala & Safaricom (M-Pesa) Business concepts discussed: Smartphone credit assessment, consumer lending, unbanked population, Neobank strategy, Personal Finance OS & Buy Now Pay Later Conversation highlights: (00:48) - Carbon context (08:15) - Consumer lending in Africa and Neobanks (15:32) - Background on African banking and Neobanks (32:02) - Founding story of Carbon & Founders’ background (54:04) - Fundraising (1:01:15) - Growth and Geographical Expansion (1:08:03) - Acquisitions and investments (1:15:54) - Team and organisation (1:19:35) - Key metrics (1:40:46) - Product strategy and monetization (2:00:08) - Competition and options for exit (2:10:33 - Olumide’s overall thoughts and outlook (2:20:38) - Bankole’s overall thoughts and outlook (2:30:15) - Recommendation and small wins Olumide’s recommendations & small wins: Interested in investing in Africa Tech with Olumide: Read about Adamantium fund & contact me at olumide@afrobility.com. Founders looking for funding: If you're a B2B founder working on Education, Health, Finance or food, please contact me for funding at olumide@afrobility.com Checkout my FIREDOM book = FIRE (Financial Independence, Retire Early) + Freedom = personal finance and financial independence book. Website , Read: Substack Newsletter & Buy: Print, eBook or Audiobook ) Recommendation: Lil Kesh - Shoki Remix . Song is beyond nice. I probably understand 15% of it. Lil Kesh was 19 years old when the song was released. The power of young people to Incredible things. Wow! Recommendation: Lil Kesh - Don't Call Me (feat. Zinoleesky) [Lyrics Visualiser] . Recommendation: Ruger - Ruger. The song literally starts with “Man, I spit fire…”. How can I not love it? Small win: Switched to Instacart (from Amazon Fresh) for groceries. Not going back Bankole’s recommendations & small wins: Recommendation: Fair Isaac Company on Business Breakdowns , MTN on Business Breakdowns Small win: New phone Other content: Building Magic - The Cafe Neo story & Chipper Cash AI Day Listeners: We’d love to hear from you. Email info@afrobility.com with feedback! Founders & Operators: We'd love to hear about what you're working on, email us at info@afrobility.com Investors: It would be great to link up with you. Contact us at info@afrobility.com Join our insider mailing list where we get feedback on new episodes & find all episodes on Afrobility.com…

1
#69: FairMoney - How the credit-led neobank is providing consumer loans and financial services across Nigeria, India and other developing markets 2:18:07

för 1 year sedan2:18:07

2:18:07

Overview: Today, we’re going to talk about FairMoney, the credit-led Neobank in emerging markets. we’ll explore the FairMoney story across the following areas African lending & consumer credit FairMoney's founding & early history Product & monetization strategy Competitive positioning & potential exit options Overall outlook This episode was recorded on Oct 1, 2023 Companies discussed: FairMoney, Branch, PalmPay, Kuda Bank, Carbon, 54Gene, GTBank, Access Bank, Ecobank, PalmPay, Carbon, PiggyVest, Upstart, Tala, Visa, Mastercard Safaricom (M-Pesa), PayForce & Chipper Cash Business concepts discussed: Smartphone credit assessment, African customer segmentation strategy, Consumer lending, unbanked population, smartphone credit assessment, Neobank strategy & Personal Finance OS Conversation highlights: (03:01) - Intro (07:19) - African consumer lending & neobank context (18:35) - Neobanking context and background (20:00) - FairMoney founding story and Founders’ background (39:40) - Fundraising (45:46) - Geographical expansion (49:05) - Partnerships (50:16) - Acquisitions (55:42) - Team & Location strategy (58:03) - User metrics and traction (1:04:27) - Product and monetization strategy (1:24:04) - Competition and options for exit (1:35:44) - Bankole’s overall thoughts and outlook (1:47:30) - Olumide’s overall thoughts and outlook (1:55:17) - Recommendations and small wins Olumide’s recommendations & small wins: Interested in investing in Africa Tech with Olumide: Read about Adamantium fund & contact me at olumide@afrobility.com. Founders looking for funding: If you're a B2B founder working on Education, Health, Finance or food, please contact me for funding at olumide@afrobility.com Checkout my FIREDOM book = FIRE (Financial Independence, Retire Early) + Freedom = personal finance and financial independence book. Website , Read: Substack Newsletter & Buy: Print, eBook or Audiobook ) Recommendation 1: Arnold Schwarzenegger book 1: The Education of a Bodybuilder Recommendation 2: Arnold Schwarzenegger book 2: Total Recall - My Unbelievably True Life Story Recommendation 3: Richard Feynman's book: What Do You Care What Other People Think?": Further Adventures of a Curious Character (Feynman Book 2) . I already read and recommended "Surely, you're joking Mr Feynman which was extraordinary) Recommendation 4: Finnaus YT channel tells stories about financial companies and investors. Awesome. I watched the history of JP Morgan, Howard Marks, Jamie Dimon, Goldman Sachs, Fidelity, Vanguard and on and on. I must have spent over 10 hours in the past week on it Small win: Hanging out in Rio de Janeiro. It was fun! Bankole’s recommendations & small wins: Recommendation: Zealot by Reza Aslan, Remember Me - Fireboy (FAEM remix) & Lonely At The Top - Asake (FAEM Remix) Small win: Exercising after recovering from an injury Other content: Laurin Hainy on TechPoint Africa , We Rich People Will Not Tell You How We Make Our Money - IG Reel , Moneylender licensing in Nigeria , Examples of spurious correlations & Titan: A Golden Case in Indian Retail Listeners: We’d love to hear from you. Email info@afrobility.com with feedback! Founders & Operators: We'd love to hear about what you're working on, email us at info@afrobility.com Investors: It would be great to link up with you. Contact us at info@afrobility.com Join our insider mailing list where we get feedback on new episodes & find all episodes on Afrobility.com…

1
#68: Branch - From Kiva to providing consumer loans and FinTech services across Africa and other developing markets 2:47:46

för 2 years sedan2:47:46

2:47:46

Overview: Today, we’re going to talk about Branch, the FinTech lending company and Neobank. We’ll explore the story across the following 5 areas: African lending & consumer credit Branch's founding early history Product & monetization strategy Competitive positioning & potential exit options Overall outlook This episode was recorded on Sep 10, 2023 Companies discussed: Branch, Kiva, Kuda Bank, Chipper Cash, Earnin, Paga, FairMoney, MFS Africa, GTBank, Access Bank, Ecobank, PalmPay, Carbon, PiggyVest, Upstart, Tala, Visa, Mastercard & Safaricom Business concepts discussed: Smartphone credit assessment, Consumer lending, neobank strategy, Personal Finance OS, unbanked population, smartphone credit assessment & Pan-African Banking Conversation highlights: (01:00) - What Branch is and why we’re talking about it (07:40) - Africa consumer credit context and background (19:17) - Branch International founding (23:31) - Founders’ background (39:12) - Fundraising and Growth (51:40) - Geographical expansion (1:02:01) - Acquisitions and Team overview (01:15:14) - Product strategy (1:33:20) - Monetization strategy and Costs (1:41:58) - Competition and options for exit (1:57:08) - Bankole’s overall thoughts (2:10:59) - Olumide’s overall thoughts (2:30:20) - Recommendations and small wins Olumide’s recommendations & small wins: Interested in investing in Africa Tech with Olumide: Read about Adamantium fund & contact me at olumide@afrobility.com. Founders looking for funding: If you're a B2B founder working on Education, Health, Finance or food, please contact me for funding at olumide@afrobility.com Checkout my FIREDOM book = FIRE (Financial Independence, Retire Early) + Freedom = personal finance and financial independence book. Website , Read: Substack Newsletter & Buy: Print, eBook or Audiobook ) Recommendation: Eminem - Rap God ( OMFG I’m 12 years late, my mind exploded. WOW!) Recommendation: Can’t Hurt Me (David Goggins). Incredible book about challenges David went to from parental abuse, racism to make something of himself. I went through waves of intense emotions while reading the book. At some points, I was crying in pain with David and other times I was in pure shock about what I was listening to. Small win: Hosted FIREDOM book launch event in London. Amazing conversations about life, managing money and growth. Dope shit. Bankole’s recommendations & small wins: Recommendation: American Prometheus by Kai Bird , A/B Testing with Fat Tails & Remember Me - Fireboy DML Small win: Chin-chin from a recent trip to Lagos Other content: Mobile overdraft facility Fuliza outshines Silicon Valley-backed lending apps in Kenya- TechCrunch & Inside Branch’s 20 percent interest investment push to beat Nigerian bank offerings - TechCabal Listeners: We’d love to hear from you. Email info@afrobility.com with feedback! Founders & Operators: We'd love to hear about what you're working on, email us at info@afrobility.com Investors: It would be great to link up with you. Contact us at info@afrobility.com Join our insider mailing list where we get feedback on new episodes & find all episodes on Afrobility.com…

1
#67: Sabi - How the B2B retail platform is providing business services to informal SMB retailers, distributors, suppliers and manufacturers in Nigeria and Africa 2:18:24

för 2 years sedan2:18:24

2:18:24

Overview: Today, we’re going to talk about Sabi, the B2B retail & supply chain services platform. We’ll explore the story across the following areas: Africa’s and Nigeria’s informal retail sector Sabi’s early history Product & monetization strategy Competitive positioning & potential exit options Overall Outlook. This episode was recorded on July 23, 2023 Companies discussed: Sabi, Rensource, TradeDepot, Twiga Foods, Wasoko (Sokowatch), Omnibiz, Alerzo, & Marketforce Business concepts discussed: Informal retail penetration, SMB retail OS, B2B Operating systems, Equity carve-outs, Power as a service, Channel margins & Supply chain logistics Conversation highlights: (01:00) - Sabi context (06:30) - Africa and Nigeria informal retail context and background (20:39) - Background on the founders (30:04) - Quick Rensource detour - overview and background (37:05) - Background on Sabi founding (47:52) - Fundraising (56:40) - Geographic expansion, partnerships and metrics, and growth (1:10:15) - Product Strategy (1:21:17) - How Sabi makes money (1:32:06) - Competition and options for exit (1:46:16) - Bankole’s overall thoughts and outlook (1:55:59) - Olumide’s overall thoughts and outlook (2:07:49) - Recommendations and small wins Olumide’s recommendations & small wins: Interested in investing in Africa Tech with Olumide: Read about Adamantium fund & contact me at olumide@afrobility.com. Founders looking for funding: If you're a B2B founder working on Education, Health, Finance or food, please contact me for funding at olumide@afrobility.com Checkout my FIREDOM book = FIRE (Financial Independence, Retire Early) + Freedom = personal finance and financial independence book. Website , Read: Substack Newsletter & Buy: Print, eBook or Audiobook ) Recommendation: Outlive: The Science and Art of Longevity (book by Peter Attia) Recommendation: I Don't Want to Talk About It: Overcoming the Secret Legacy of Male Depression (book by Terrence Real) Small win: Organized House party with friends yesterday, it was fun. Small win: Got a new backpack for future travelling, very nice. Bankole’s recommendations & small wins: Recommendation: Invest Like The Best with the co-founder of FIGS & S piderman Song - Nigerian Remix Small win: New keycaps!!! Other content: How Equifax became a private IRS , Mission.org podcast episode with CEO Sabi & Norrsken22-Backed Nigerian Startup Plans $125 Million Round Listeners: We’d love to hear from you. Email info@afrobility.com with feedback! Founders & Operators: We'd love to hear about what you're working on, email us at info@afrobility.com Investors: It would be great to link up with you. Contact us at info@afrobility.com Join our substack mailing list where we get feedback on new episodes & find all episodes on Afrobility.com…

1
#66: TradeDepot - How the B2B retail platform is improving the supply chain for informal SME retailers and consumer goods producers across Nigeria and Africa 1:59:39

för 2 years sedan1:59:39

1:59:39

Overview: Today, we’re going to talk about TradeDepot. We’ll explore the story across the following areas: Africa’s and Nigeria’s informal retail sector TradeDepot's early history Product & monetization strategy Competitive positioning & potential exit options Overall Outlook. This episode was recorded on June 25, 2023 Companies discussed: TradeDepot, Twiga Foods, Wasoko (Sokowatch), Omnibiz, Alerzo, Marketforce, Sabi, Multipro, FMCG Distributions Limited & Kellogg Business concepts discussed: Informal retail penetration, SMB retail OS, B2B Operating systems, Informal markets, B2B retail, Buy Now Pay Later, Trade Finance & last-mile distribution Conversation highlights: (01:00) - TradeDepot intro and why we’re talking about them (06:50) - Africa’s informal retail sector (20:55) - Differences in informal retail across Africa (25:43) - Founders’ background and early history (36:45) - Launch strategy (42:54) - Fundraising and Growth (49:55) - Growth and geographical expansion (1:02:33) - Product strategy and evolution (1:15:26) - Monetization strategy and costs (1:13:11) - Competition (1:25:05) - Options for exit (1:32:52) - Bankole’s overall thoughts and outlook (1:42:22) - Olumide’s overall thoughts and outlook (1:53:03) - Recommendations and small wins Olumide’s recommendations & small wins: Interested in investing in Africa Tech with Olumide: Read about Adamantium fund & contact me at olumide@afrobility.com. Founders looking for funding: If you're a B2B founder working on Education, Health, Finance or food, please contact me for funding at olumide@afrobility.com Checkout my FIREDOM book = FIRE (Financial Independence, Retire Early) + Freedom = personal finance and financial independence book. Website , Read: Substack Newsletter & Buy: Print, eBook or Audiobook ) Recommendation: Eleven Rings (Phil Jackson) . Great book about the unbelievable career of Phil Jackson who won rings with the Bulls (Michael Jordan) & Lakers (Shaq & Kobe). Recommendation: Spider-Man: Across the Spider-Verse movie . Best movie I’ve seen in years. Remarkably good. Great story. Great visuals. Fun! Small win: Friends together for a birthday party on a boat and at the club. It was incredible. Small win: FIREDOM book launch party in Washington DC. I wasn't even there but I felt the energy all the way from here in Miami. Bankole’s recommendations & small wins: Recommendation: Voyager Playlist , Basquiat - Asake & Iya Eba’s Legacy Small win: Switched to a new keyboard - the Keychron K2 Listeners: We’d love to hear from you. Email info@afrobility.com with feedback! Founders & Operators: We'd love to hear about what you're working on, email us at info@afrobility.com Investors: It would be great to link up with you. Contact us at info@afrobility.com Join our insider mailing list where we get feedback on new episodes & find all episodes on Afrobility.com…

1
#65: Wasoko (Sokowatch) - How the B2B retail platform is providing services and improving the supply chain for informal retailers across Kenya and Africa 1:55:55

för 2 years sedan1:55:55

1:55:55

Overview: Today, we’re going to talk about Wasoko (Sokowatch) We’ll explore the story across the following areas: Africa’s and Kenya’s informal retail context Wasoko's early history Wasoko's Product & monetization strategy Competitive positioning & potential exit options Overall outlook. This episode was recorded on June 11, 2023 Companies discussed: Wasoko (Sokowatch), Twiga Foods, TradeDepot, OmniBiz, Alerzo, mPharma, Nestle, Unilever, Multipro, Marketforce, Udaan & Flipkart Business concepts discussed: Informal retail penetration, Agency banking adoption, B2B Operating systems, Informal markets, & last-mile distribution Conversation highlights: (00:40) - Sokowatch background and why we’re talking about it (08:35) - African informal retail context (16:11) - Founder background and Founding story (29:55) - Fundraising and early growth (36:56) - Geographic expansion, growth and partnerships (45;12) - Team strategy (54:00) - Product strategy and monetization (1:10:00) - Competition and options for exit (1:23:13) - Bankole’s overall thoughts and outlook (1:33:05) - Olumide’s overall thoughts and outlook (1:43:30) - Recommendations and small wins Olumide’s recommendations & small wins: Interested in investing in Africa Tech with Olumide: Read about Adamantium fund & contact me at olumide@afrobility.com. Founders looking for funding: If you're a B2B founder working on Education, Health, Finance or food, please contact me for funding at olumide@afrobility.com Checkout my FIREDOM book = FIRE (Financial Independence, Retire Early) + Freedom = personal finance and financial independence book. Website , Read: Substack Newsletter & Buy: Print, eBook or Audiobook ) Recommendation: The Slight Edge . Amazing Personal Development book about a mental framework to apply daily actions to get what you want in life. I have read it about 6 times at this point. Recommendation: Temu.com . Started using it for shopping. It has some cool gamification ideas to nudge ecommerce purchases Small win: Hosted house party with friends. It was great to see everyone together Bankole’s recommendations & small wins: Recommendation: Artificial Intelligence, a guide for Thinking Humans by Melanie Mitchell & Would You Sell Your Extra Kidney - Dylan Walsh Small win: won my physical activity mini-league Other content: FT fastest growing companies 2022 & Modularity Theory - Christensen Institute Listeners: We’d love to hear from you. Email info@afrobility.com with feedback! Founders & Operators: We'd love to hear about what you're working on, email us at info@afrobility.com Investors: It would be great to link up with you. Contact us at info@afrobility.com Join our insider mailing list where we get feedback on new episodes & find all episodes on Afrobility.com…

Välkommen till Player FM

Player FM scannar webben för högkvalitativa podcasts för dig att njuta av nu direkt. Den är den bästa podcast-appen och den fungerar med Android, Iphone och webben. Bli medlem för att synka prenumerationer mellan enheter.

Lyssna på 500+ ämnen

39 subscribers

Liknande Afrobility: Africa Tech and Business

Bounty Paper Towels Quick Size, White, 16 Family Rolls = 40 Regular Rolls (Packaging May Vary)

Bounty Quick Size Paper Towels, White, 8 Family Rolls = 20 Regular Rolls (Packaging May Vary)

TurboTax Deluxe 2024 Tax Software, Federal & State Tax Return [PC/MAC Download]

Podcaster värda att lyssna på

Afrobility: Africa Tech and Business « » #53: Konga - How the Ecommerce platform initially grew and eventually reset across Nigeria

#53: Konga - How the Ecommerce platform initially grew and eventually reset across Nigeria

Podcaster värda att lyssna på

Välkommen till Player FM

TurboTax Business 2024 Tax Software, Federal Tax Return [PC Download]

Nespresso Capsules Vertuo, Double Espresso Chiaro, Medium Roast Espresso Coffee, 30-Count Coffee Pods, Brews 2.7oz.

Microsoft Office Home 2024 | Classic Apps: Word, Excel, PowerPoint | One-Time Purchase for 1 PC/MAC | Instant Download | Formerly Home & Student 2021 [PC/Mac Online Code]

H&R Block Tax Software Deluxe 2024 Win/Mac with Refund Bonus Offer (Amazon Exclusive) [PC/Mac Online Code]

Liknande Afrobility: Africa Tech and Business

Snabbguide

Afrobility: Africa Tech and Business « »
#53: Konga - How the Ecommerce platform initially grew and eventually reset across Nigeria