African Fintech Signal Check 2019: What Can Africa Learn From India? (Part 2) feat. Arunjay Katakam

--:--
So, unless you’ve been living under a rock, you’ll have noticed that a 'brick' several hundred million dollars heavy has descended on the continent in an unprecedented period of time, most of it venture capital earmarked for fintech startups in Nigeria.On this episode, Indian tech founder Arunjay Katakam joins Andile Masuku and Osarumen Osamuyi to extend our conversation about the implications of all the hype surrounding Africa's fintech scene and what the broader implications might be for the continent's tech ecosystem at large.We’re still vibing off of our last show, dubbed African Fintech Signal Check 2019: Nigeria's Killing It! (Part 1). That show, which guest featured Wiza Jalakasi, unpacked some of the most pertinent happenings in Africa’s fintech landscape and in legacy financial services arena over the last couple of months or so. If you haven't listened to that show (Episode 134), do that before you dig into this one.Arunjay Katakam is a former EY consultant who has co-founded three startups, exiting two— one of which eventually sold to Twitter. Today Arunjay is co-founder and CEO of a London-based cross-border remittance startup called Yooz and advises founders at DFS Lab. His extensive tech entrepreneurship experience spans work in developing markets in Asia and Africa, as well as developed markets in the Global North.Click here by-pass the pleasantries and skip straight to the main discussion.Topics discussed in this episode include:1) Arunjay suggests that there are three major cost factors/points of friction preventing mobile money from enjoying WhatsApp-level ubiquity and mainstream adoption. [18:50]2) Can ECOWAS's ECO currency plans lay the groundwork for smoother regional money flows? [26:25]3) Might the recent $20 million investment close by "credit-as-a-service" startup Migo (formerly Mines.io)— designated for taking on the Brazilian market,  spark a new trend towards African/Africa-focussed startups taking on key markets outside the continent? [31:54]4) In what ways might the dynamics of engineering fintech startup success in India be comparable with the same in African key markets? [35:53]5) Does "a rising tide raise all boats", or will large fintech startups like OPay and PalmPay stifle innovation by smaller players? [51:42]6) How might mobile network operators (MNOs) respond to the prospect of wholesale disruption as "Over-the-top (OTT) Application 2.0" takes hold, and what learnings might they draw from Chinese and Indian ecosystems to inform their strategies? [57:54]Bonus Topics: Can successful startups be built without having to tell lies, even apparently "harmless" ones? + Is RxAll Africa's ...
22 Dec 2019 English South Africa Business · Tech News

Other recent episodes

Laying the foundation of the MENA startup ecosystem

Ecosystem Arabia - Episode 1 of 6 - In the first episode of our 6 week community activation, we tell the inside stories of Yahoo's acquisition of Maktoob.com, Amazon's acquisition of Souq, and dive into how technology inspired the Arab Spring uprising. This community activation is an interactive digital gathering…
6 Jan 2021 20 min

The State of eSports in Africa

Douglas Ogeto is the Co-Founder and CEO at LudiqueWorks and has built the largest community of game developers on the continent. He is an entrepreneur with 8+ years of experience in Technology, Branding & Community Building. He has co-founded 4 startups in Game Development, Education, Advisory & Branding and has…
10 Sep 2020 18 min

Unpacking the emerging DeFi vertical within cryptocurrency with Akin Sawyerr

Akin Sawyerr is the Strategy lead for Decred, where he leads strategy and governance functions, and supports the proliferation of Decred across Africa. Decred is an open and progressive cryptocurrency with a system of community-based governance integrated into its blockchain. He's also an early investor and director of Splash Mobile Money,…
18 Aug 2020 19 min

Global Tech Pulse Check: Who's Growing & Who's Successfully Raising - Part 1

In part 1 of our 2 part mini-series we dive into 3 different sectors ranging from delivery startups to CRISPR-based diagnostics as well as 3 geographies including Pakistan, Sierra Leone, and Argentina. Our 3 guests today include Syed Sair Ali, Cofounder and CEO at Pakistan based 'Eat Mubarak', Jurgen Descamps,…
23 Jun 2020 23 min