Overview: Today we’re going to talk about consumer lending in Africa. We start by discussing lending in other emerging markets, discuss Africa’s credit landscape, analyze lending tech companies across Africa & end with our overall outlook. This episode was recorded on June 27, 2021.
Companies discussed: Navi, Creditas, Jumo, Carbon, Branch, Tala, Tugende, FairMoney, Shahry, Khazna, NuBank, Safaricom (M-Pesa), Alibaba (Ant Financial & AliPay), Migo (Mines), Numida, Tyme Bank, Lulalend & Evolve Credit
Business concepts discussed: Consumer lending, SME lending, unbanked population, Agency banking, credit assesment, lending risk management & lending (financial services) regulation
Conversation highlights:
- (00:40) - Why we’re talking about Lending
- (04:40) - Consumer lending context in India
- (10:10) - Navi deepdive & what African startups can learn
- (13:14) - Consumer lending context in Brazil
- (18:30) - Creditas deepdive
- (31:29) - Consumer lending context in China
- (38:30) - Consumer lending in Africa
- (51:18) - Lending startups in Southern Africa
- (1:04:06) - Lending startups in Western Africa
- (1:05:00) - Lending startups in Eastern Africa
- (1:16:16) - Lending startups in Northern Africa
- (1:26:50) - Olumide’s overall thoughts
- (1:31:50) - Bankole’s overall thoughts
- (1:45:30) - Recommendations and small wins
Olumide’s recommendations & small wins
- Recommendation: Howard Lindzon on Angel Podcast - Amazing banter, really funny and insightful
- Recommendation: Feeling by Ladipoe - Amazing. I can basically listen to it on repeat for hours
- Recommendation: Eni Duro - Olamide - Real life. Epic.
- Small win: Windows 11 announced. Can't wait to use it
- Other content: Decoding India's consumer lending opportunity
- Other content: Chinese microlending is getting weird and dangerous
- Special thanks to Deji Olowe for helping me think about lending (checkout his blog here)
Bankole’s recommendations & small wins
- Recommendation: The Grid: The Fraying Wires Between Americans and Our Energy Future & The Grid: A Journey Through the Heart of Our Electrified World
- Small win: Attended a Seattle Sounders game v Real Salt Lake. Sounders W.
- Other content: Samora Kariuki Frontier Fintech & @getCarbon on Medium
We’d love to hear from you. Please email info@afrobility.com to share feedback or propose topics you’d like to hear.
All episodes at Afrobility.com