#30: Paga - How one of Nigeria’s earliest FinTech companies is providing financial services across emerging markets
Afrobility: Africa Tech & BusinessMay 31, 2021x
30
01:15:11172.11 MB

#30: Paga - How one of Nigeria’s earliest FinTech companies is providing financial services across emerging markets

Overview: Today, we’re going to talk about Paga, the fintech payments company. We'll discuss its founding, early history, growth, impact & end with our overall outlook. This episode was recorded on May 30, 2021.


Companies discussed: Paga, Safaricom (M-Pesa), bKash, GTBank, First Bank, Chipper Cash, MTN, Airtel, FairMoney, Flutterwave, Paystack, Interswitch (Quickteller) & OPay


Business concepts discussed: Unbanked population, Financial inclusion, Mobile money, Payment platforms, government regulation, global expansion & telco competition


Conversation highlights:

  • (00:40) - What Paga does and why we’re talking about it
  • (04:27) - Founder background, Paga founding
  • (07:20) - Payments context at the time of Paga’s founding
  • (19:40) - Fundraising - Seed, Series A, B, B2
  • (24:30) - Expansion plans to Ethiopia, Mexico, Philippines
  • (26:30) - Product strategy and features
  • (40:50) - Monetization and user growth over time
  • (50:46) - Olumide’s overall thoughts and outlook
  • (58:13) - Bankole’s overall thoughts and outlook
  • (1:09:00) - Recommendation and small wins


Olumide’s recommendations, small wins & open questions:

Bankole’s recommendations, small wins & open questions:


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