ODESHI 011 - How A Former Airline Pilot Quit The Cockpit To Start East Africa's First Online Payments Company with Eran Feinstein
Eran Feinstein is a former airline pilot who felt there was more life had to offer. After much soul searching he decided to eject from the cockpit, and parachute into the land of entrepreneurship. He is the founder of “3G Direct Pay”, a pioneer payment processing company in Eastern and Southern Africa. Eran’s, journey started as a result of a phone call from a company in East Africa that had heard about his skills as a consummate professional Airline industry specifically relating to ecommerce. With little information and a lot of guts, he immediately decides to go to Africa to help set up the ecommerce strategy for the company. Little did he know that phone call would forever change the trajectory of his life. After successfully completing the project, he decides to co-found Enoyaone to help fledgling airlines build their online booking management systems. In the course of running Enoyaone, he observed that the domestic Kenyan market had a huge gap in the Internet and payment technology space. He subsequently launched 3G Direct Pay to provide online booking systems and credit card payment facilities for Safari enthusiasts from the U.S and Europe. Today, 3G Direct Pay is the leader in the online payment industry in Eastern & Southern Africa with operations in over 5 countries serving customers in a wide variety of industries.
What you will learn
· How he got into start-ups
· How he left piloting in Israel to become a technology Entrepreneur in Africa
· The Evolution of E-Payments in Kenya
· Talent Management
· The challenges of the business
· Focus on the travel industry
· The management style of the company
· Funding for 3G Direct
· Advice for entrepreneurs regarding funding new start-ups
· Entrepreneurs/ companies that have inspired him
§ The vision is shared all across the company
· The frustrations of being an entrepreneur
· How he recovered from a significant personal failure
§ When you need to take a decision, just do it
§ You need to admit to yourself that you’ve made a mistake
· Criteria for selecting a good business partner
Key Advice
· Advice to recent graduates who want to launch a venture:
· Advice to someone from another country who wants to start a new business in Africa:
Words of wisdom
· Advice to young Eran:
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