Afrobility: Africa Tech and Business

By: Olumide Ogunsanwo and Bankole Makanju
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  • Summary

  • Stories and analyses of African technology companies
    Olumide Ogunsanwo and Bankole Makanju
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Episodes
  • #77: PiggyVest - How the savings and investment platform is providing financial services across Nigeria

    #77: PiggyVest - How the savings and investment platform is providing financial services across Nigeria
    Nov 18 2024

    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
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    2 hrs and 25 mins
  • #76: IHS Towers - How the telecom infrastructure company is building and managing towers across Africa and beyond

    #76: IHS Towers - How the telecom infrastructure company is building and managing towers across Africa and beyond
    May 15 2024
    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
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    1 hr and 42 mins
  • #75: eTranzact - How Nigeria's pioneering payments and switching platform is serving businesses and governments across Africa

    #75: eTranzact - How Nigeria's pioneering payments and switching platform is serving businesses and governments across Africa
    Feb 16 2024
    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
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    1 hr and 49 mins

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