#33: Chipper Cash - How the FinTech platform started from African remittances to become the fastest unicorn in Africa Tech history

Afrobility: Africa Tech and Business

Вміст надано Olumide Ogunsanwo and Bankole Makanju, Olumide Ogunsanwo, and Bankole Makanju. Весь вміст подкастів, включаючи епізоди, графіку та описи подкастів, завантажується та надається безпосередньо компанією Olumide Ogunsanwo and Bankole Makanju, Olumide Ogunsanwo, and Bankole Makanju або його партнером по платформі подкастів. Якщо ви вважаєте, що хтось використовує ваш захищений авторським правом твір без вашого дозволу, ви можете виконати процедуру, описану тут https://uk.player.fm/legal.

3+ y ago 2:14:54

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Overview: Today, we’re going to talk about Chipper Cash - The African Fintech payments & remittances player. We’ll explore the Chipper story across 6 areas:

Intra-Africa remittances context
Global remittances (outside Africa to Africa) context
Chipper Cash’s launch, early history, growth & fundraising
Chipper Cash's Product & monetization strategy
Competitive positioning & potential exit options
End with our overall outlook.

This episode was recorded on July 11 & Aug 1, 2021.

Companies discussed: Chipper Cash, Venmo, PayPal, Square, Flutterwave, EcoBank, Safaricom, Sendwave, MTN, Airtel, Deciens Capital & Liquid2 Ventures

Business concepts discussed: Consumer FinTech (Personal Finance OS) monetization strategy, FinTech exit strategy, Intra-African Remittances, International remittances, Cryptocurrency, Decentralized Finance, Stock trading & closed-loop payment networks

Conversation highlights:

(01:07) - Why we’re talking about Chipper Cash
(06:20) - Intra-African trade context
(13:12) - Intra-African remittances context
(21:40) - Global remittances (outside Africa to Africa) context
(36:50) - Founder backgrounds - Ham Serunjogi & Majid Moujaled
(46:06) - Chipper Cash founding and early history
(52:30) - Fundraising and Growth - Angel, Series A, B & C
(1:07:25) - Product strategy
(1:08:25) - Monetization strategy
(1:35:24) - Competition - horizontal and vertical
(1:45:55) - Potential exit scenarios
(1:54:12) - Bankole’s overall thoughts and outlook
(2:01:32) - Olumide’s overall thoughts and outlook
(2:08:40) - Recommendations and small wins

Olumide’s recommendations, small wins & open questions:

Recommendation: Nailing Capital vs Scaling Capital (by Sajith Pai) , Essentialism (by Greg McKeown) & Owning Chinese Companies Is Complicated (by Matt Levine from Bloomberg)
Small win: American Express Platinum new benefits: Clear! & Audible!

Bankole’s recommendations, small wins & open questions:

Recommendation: Why startups fail by Tom Eisenmann & How to build an engine to find product market fit by Rahul Vohra
Small win: Dinner with friends on a rooftop in Seattle
Other content: Chipper Cash pitch at 500 Startups & A columnist Makes Sense of Wall Street Like None Other - The New York Times

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