Today's guest is Dare Okoudjou, the Founder and CEO of MFS Africa, which this week has rebranded to Onafriq.
The new name represents a new chapter in the company, which is a very different looking company than when we first had Dare on the show back in 2020, after their acquisition of Beyonic. Since then, they've also acquired the card issuer, GTP in the US, and the agent network Baxi in Nigeria.
This current period of the African tech ecosystem is one of increased consolidation and company shutdowns amidst a fundraising downturn. And in this environment, there's perhaps no better and more experienced founder on the continent to learn from than Dare.
00:00 - Intro
01:48 - What's in a name?
04:26 - Cross-border payments
13:51 - Banks vs. Fintechs
15:24 - Onafriq's role in the payment value chain
20:27 - The people aspect of acquisitions
24:08 - On fintech consolidation
29:55 - Dare's take on the state of the market
35:03 - On fundraising
37:56 - The next 5 years for Onafriq
39:19 - Exits?
🔗 Our Links
🔔 Youtube - https://youtube.com/@theflipafrica
💻 Website - https://theflip.africa
🐦 Twitter - https://twitter.com/theflipafrica
👥 LinkedIn - https://www.linkedin.com/company/theflipafrica
📸 Instagram - https://instagram.com/theflipafrica
Building a Healthier Africa
Making Borders Matter Less - A Conversation with Dare Okoudjou
Problem Solving for Fragmented Retail
Journey to the Last Mile
Africa Stack
Follow the Money, Part Two
Follow the Money
Introducing The Flip Season Three
Middlemen as a Service - A Retrospective with Sayo Folawiyo and Justin Norman
Accessible and Affordable EdTech with Eneza Education's Wambura Kimunyu
Mass-Market Media with StarNews Mobile's Guy Kamgaing
The Case for Crypto with Bundle's Yele Bademosi
Digitizing Community Banking with Kwara's Cynthia Wandia
Fintech for Cash-First Markets with Nomanini's Vahid Monadjem
Technology for Informal Trade with MarketForce 360's Tesh Mbaabu
Building a Savings Culture with PiggyVest's Odunayo Eweniyi
Insurance-as-a-Service with Lami's Jihan Abass
Digitizing Healthcare with Helium Health's Goke Olubusi
Inside the Stripe Acquisition of Paystack with Shola Akinlade & Matt Henderson
Smart People Should Build Things - On Recruiting and the Global Competition for Top Talent
Create your
podcast in
minutes
It is Free
The emPOWERed Half Hour
Organic Marketing Simplified: Effective podcasting strategy for growth and monetization
THE GO BIZ GUY
The Sigma Femme Podcast
The Prof G Pod with Scott Galloway
The Tim Ferriss Show