South African digital bank Bettr nears launch: An interview with the founders

Loading player...
South Africa will soon have a new "digital bank" in the form of Bettr, a fintech start-up that has been working on building a "new challenger" in the country's finance sector that promises to offer a "better alternative".
In this episode of the podcast, TechCentral's Duncan McLeod interviews Bettr co-founders Tobie van Zyl (CEO) and Andrzej Stempowski (chief technology officer) to find out more about their plans, how the idea to build the bank came about, why it's specifically targeting the youth (millennials and Generation Z) and how hyperscale cloud service providers have made launching a bank in 2020 to challenge the big incumbents much easier than in the past (Bettr is using Amazon Web Services).
Van Zyl and Stempowski explain what it is that Bettr will and won't offer, what consumers can expect and how the company plans to drive better financial decision making.
The bank will offer not only accounts tailored for individuals, but also for small and medium enterprises as it is hoping to attract entrepreneurially minded people and then grow with them as their needs adapt.
It's a fascinating discussion about a sector ripe for disruption and a company that hopes to do the disrupting. Don't miss the podcast!
1 Oct 2020 English South Africa Technology · Business

Other recent episodes

TCS+ | How Cloud on Demand helps partners thrive in the AWS ecosystem

Newly minted small businesses often struggle to establish themselves as reliable service providers among their more established competitors. To help cloud-focused business thrive, Amazon Web Services has created the AWS distribution model to support small businesses and help them grow. In this episode of TCS+, Cloud on Demand’s Xenia Rhode…
4 Dec 30 min

TCS | MTN Group CEO Ralph Mupita on competition, AI and the future of mobile

South Africa’s big three telecommunications operators have all reported numbers in recent weeks, and the theme is clear: competition in prepaid has intensified sharply. Telkom’s resurgence has put pressure on both MTN and Vodacom, with MTN acknowledging it has “discernibly” lost prepaid market share. This is one of the topics…
28 Nov 57 min

TCS | Dominic Cull on fixing South Africa’s ICT policy bottlenecks

Returning to the TechCentral Show is ICT regulatory expert Dominic Cull, founder of Ellipsis and regulatory advisor to the Internet Service Providers’ Association. Cull recently attended communications minister Solly Malatsi’s policy colloquium in Pretoria – the first under a non-ANC communications minister. Cull says there is a discernibly different tone…
21 Nov 1 hr 04 min