39 subscribers
Ga offline met de app Player FM !
#72: Nomba (Kudi) - How the Nigerian FinTech is providing Point-of-Sale, agency banking and payment solutions to merchants across Africa
Manage episode 388743033 series 2712808
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
79 afleveringen
Manage episode 388743033 series 2712808
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
79 afleveringen
Alle afleveringen
×1 #78: MNT-Halan - How the lending platform is providing financial services across Egypt and other developing markets 2:06:05
1 #77: PiggyVest - How the savings and investment platform is providing financial services across Nigeria 2:24:47
1 #76: IHS Towers - How the telecom infrastructure company is building and managing towers across Africa and beyond 1:42:25
1 #75: eTranzact - How Nigeria's pioneering payments and switching platform is serving businesses and governments across Africa 1:48:53
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
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
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
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
1 #70: Carbon - How the credit-led neobank is providing loans, BNPL and financial services across Nigeria and Africa 2:37:53
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
1 #68: Branch - From Kiva to providing consumer loans and FinTech services across Africa and other developing markets 2:47:46
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
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
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
1 #64: Twiga Foods - How the AgriTech supply chain company is connecting SMB retailers and smallholder farmers to improve food logistics across Kenya and Africa 2:12:35
Welkom op Player FM!
Player FM scant het web op podcasts van hoge kwaliteit waarvan u nu kunt genieten. Het is de beste podcast-app en werkt op Android, iPhone en internet. Aanmelden om abonnementen op verschillende apparaten te synchroniseren.