The Open Africa Podcast - podcast cover

The Open Africa Podcast

Open Africa Podcastwww.openafricapodcast.com
On this podcast 'Laolu, Furo, and Nosa talk about technology, startups, and issues across the African banking and technology ecosystems.

Hosted on Acast. See acast.com/privacy for more information.

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Episodes

Chowdeck’s Raise, Nomba, Nedbank & iKhokha

On this episode, 'Laolu, Furo, and Nosa talk about Chowdeck’s growth and recent $9 million series A funding raise, Nedbank’s acquisition of iKhokha, and Nomba’s industry presence and new multi-currency wallet for businesses. _ We love hearing your thoughts! Find us on X (@TheOAPod) and Instagram (@openafricapod) and tag us in your conversations. Hosted on Acast. See acast.com/privacy for more information.

Aug 22, 202543 minSeason 4Ep. 9

The Food Episode

On this episode, 'Laolu, Furo, and Nosa are joined by Osarumen Osamuyi from The Subtext! They talk about the recent collapses of Vendease and Okra in the ecosystem, then take a closer look at Magic Beans, the first chapter of Foodpod – a limited series about Technology eating food in Africa – by Osarumen. _ We love hearing your thoughts! Find us on X (@TheOAPod) and Instagram (@openafricapod) and tag us in your conversations. Hosted on Acast. See acast.com/privacy for more information....

Jul 08, 20251 hr 33 minSeason 4Ep. 8

Fincra’s Expansion, Palmpay’s plan to Raise, and Alleged Industry News

On this episode, 'Laolu, Furo, and Nosa talk about dLocal’s intention to acquire AZA Finance, Fincra’s Expansion to East Africa, Palmpay’s plan to Raise, and other alleged Industry news. _ We love hearing your thoughts! Find us on X (@TheOAPod) and Instagram (@openafricapod) and tag us in your conversations. Hosted on Acast. See acast.com/privacy for more information.

Jun 12, 202540 minSeason 4Ep. 7

The Rant about Bank Charges

On this episode, 'Laolu, Furo, and Nosa talk about Banks—how banks make money, how banks loan money, and what most Nigerians think about bank charges, while reading commentary from Twitter (X). Read our substack about Bank Charges here _ We love hearing your thoughts! Find us on X (@TheOAPod) and Instagram (@openafricapod) and tag us in your conversations. Hosted on Acast. See acast.com/privacy for more information....

Apr 24, 202546 minSeason 4Ep. 6

Paystack’s Zap, Payhippo’s Pivot, and Premium Tiers for Neobanks

On this episode, 'Laolu, Furo, and Nosa talk about Paystack launching Zap, PayHippo’s recent $4 million raise, rebrand as Rivy and pivot to clean energy financing, alongside news of Nigerian neobanks like Kuda and Nomba launching premium tiers. _ We love hearing your thoughts! Find us on X (@TheOAPod) and Instagram (@openafricapod) and tag us in your conversations. Hosted on Acast. See acast.com/privacy for more information....

Apr 02, 20251 hr 8 minSeason 4Ep. 5

Funding Rounds, Shutdowns, and Industry News

On this episode of the podcast, 'Laolu, Nosa, and Furo talk about Cedar Money’s $9.9 million seed round, Ghana-based fintech Oze securing undisclosed funding from Visa and DEG, Edukoya’s shutdown as a result of macroeconomic challenges, Vendease’s second round of layoffs in five months, and other industry news across the continent. _ We love hearing your thoughts! Find us on X (@TheOAPod) and Instagram (@openafricapod) and tag us in your conversations. Hosted on Acast. See acast.com/privacy for ...

Mar 11, 20251 hr 15 minSeason 4Ep. 4

Cross Border Remittance & The LemFi Playbook

Welcome to our first explainer episode for 2025! – On this episode, 'Laolu, Furo, and Nosa talk about how cross border payments and remittances really work, LemFi’s expansion into Europe and why this is a good thing. _ We love hearing your thoughts! Find us on X (@TheOAPod) and Instagram (@openafricapod) and tag us in your conversations. Hosted on Acast. See acast.com/privacy for more information....

Feb 18, 202530 minSeason 4Ep. 3

The One where we talk about Bento

On this episode of the podcast, 'Laolu, Nosa, and Furo talk about Moniepoint and Visa’s partnership, Accrue, SeamlessHR’s additional $9 million raise in series A extension, MoneyHash’s $5.2 million pre-series A raise, and what they think is really happening with Bento. _ We love hearing your thoughts! Find us on Twitter and Instagram (@openafricapod) and tag us in your conversations. Hosted on Acast. See acast.com/privacy for more information....

Feb 01, 202537 minSeason 4Ep. 2

Raises, Bankruptcy & 2025 Predictions

On this episode of the podcast, 'Laolu, Nosa, and Furo talk about the KPMG Customer finance report; what exactly investing in commodity looks like, LemFi’s $53 million raise as it expands remittance services into Europe, Gokada filing for bankruptcy, some predictions for 2025, alongside other industry news. _ We love hearing your thoughts! Find us on Twitter and Instagram (@openafricapod) and tag us in your conversations. Hosted on Acast. See acast.com/privacy for more information....

Jan 20, 202542 minSeason 4Ep. 1

Open Africa Year in Review 2024

…and it’s a wrap! Thank you for rocking with your favorite finance trio this year (and don’t worry, we tried not to make “doomy” predictions this time ;-) ) – On this episode, 'Laolu, Furo, and Nosa do a month by month recap of 2024 episodes. From raises to shutdowns to unicorns to migrations to fraud, this was the year it all happened. _ We love hearing your thoughts! Find us on Twitter and Instagram (@openafricapod) and tag us in your conversations. Hosted on Acast. See acast.com/privacy for m...

Dec 31, 202447 min

Moniepoint wants to be a Commercial Bank

On this episode, 'Laolu, Furo, and Nosa talk about Moniepoint raising $110 million in their series C funding and achieving Unicorn status, their ambitious plans of becoming a commercial bank and the Access bank playbook. We also discuss the reoccurring fraud problems at First Bank alongside other industry news. _ We love hearing your thoughts! Find us on Twitter and Instagram (@openafricapod) and tag us in your conversations. Hosted on Acast. See acast.com/privacy for more information....

Dec 17, 202441 min

Rise, Chipper, and US Dollar Woes

On this episode, 'Laolu, Furo, and Nosa talk about some developments in the ecosystem in recent weeks. They consider Rise’s acquisition of Hisa; a Kenyan investment startup, Chipper’s expansion and securing Ghana’s SEC license, Fincra receiving a Third Party Payment Provider (TPPP) licence in South Africa, and other industry news. _ We love hearing your thoughts! Find us on Twitter and Instagram (@openafricapod) and tag us in your conversations. Hosted on Acast. See acast.com/privacy for more in...

Oct 15, 202452 min

MTN MoMo Reshuffle, Providus Merger, and First Bank Fraud

We call this the episode that almost never was but thankfully we were able to salvage it (everybody, say thank you ‘Laolu!) and now you get to listen. _ On this episode of the podcast, Nosa, Furo, and 'Laolu talked about some new people changes at MTN MoMo, USA Mercury Bank’s decision to close accounts linked to Nigeria and implications, the Unity and Providus Bank Merger, and the 44 billion naira reported fraud at Nigeria’s First Bank. _ We love hearing your thoughts! Find us on Twitter and Ins...

Sep 09, 202459 min

Global Payments and a hackathon with tbDEX

On this episode, 'Laolu, Furo, and Nosa have a guest! They are joined by Angie Jones, the Global Vice President of Developer Relations for tbd. This is Block’s new business unit focused on decentralized technologies to move money in a fast and compliant way. They discuss tbd’s flagship protocol tbDEX, and the upcoming hackathon happening at the Africa Bitcoin Conference in December. _ We love hearing your thoughts! Find us on Twitter and Instagram (@openafricapod) and tag us in your conversation...

Aug 24, 202442 min

Carbon, Cards, and Brass

On this episode, 'Laolu, Furo, and Nosa do a deep dive into some not so exciting news in the Tech Ecosystem; Carbon shut down its debit card service over two years after launch, the reoccurring problems with Cards among Fintechs in Nigeria, Afrigo - the CBN’s Domestic Card Scheme, Prospa, and Brass’ acquisition by a Paystack-led consortium, amongst other industry news. _ We love hearing your thoughts! Find us on Twitter and Instagram (@openafricapod) and tag us in your conversations. Hosted on A...

Jul 03, 20241 hr

CBN is cleaning up the Ecosystem

On this episode, 'Laolu, Furo, and Nosa recount recent popping headlines in the Tech Ecosystem, Orca’s $550,000 pre-seed round led by Norrsken22, the Central Bank of Nigeria and new directives for Bureau De Change operators, Snitching-as-a-service, Google’s plan to build Umoja; the first-ever fibre-optic cable directly connecting Africa with Australia, BlackCopper’s 2 billion naira debt, amongst other industry news. _ We love hearing your thoughts! Find us on Twitter and Instagram (@openafricapo...

Jun 01, 202454 min

The End of The Peer

On this episode, 'Laolu, Furo, and Nosa discuss YC’s list of best performing startups, the Peer’s shutdown, CBN’s directive for neobanks to temporarily halt onboarding of new accounts, and Chowdeck’s recent $2.5 million seed raise, among other industry news. _ We love hearing your thoughts! Find us on Twitter and Instagram (@openafricapod) and tag us in your conversations. Hosted on Acast. See acast.com/privacy for more information. Hosted on Acast. See acast.com/privacy for more information....

May 05, 202443 min

CBN was right about Binance

On this episode, 'Laolu, Furo, and Nosa recount some activities of The Central Bank of Nigeria (CBN) in recent weeks; new BDC regulations, revoking of 4,173 Bureau De Change licenses, Binance exiting Nigeria. Mara pausing operations, Bfree raising $3 million, Carbon acquiring Vella Finance, and other industry news. _ We love hearing your thoughts! Find us on Twitter and Instagram (@openafricapod) and tag us in your conversations. Hosted on Acast. See acast.com/privacy for more information. Hoste...

Mar 13, 202449 min

The Crypto Face Off Episode

Happy New Year, everyone! _ On this episode, 'Laolu, Furo, and Nosa talk about some updates in the Cryptocurrency Industry; CNGN stable coin by the Africa Stablecoin Consortium and the unveiling of suspects connected to the ₦ 142.8 million Patricia hack. They all discuss Mastercard’s partnership with Jumia, Rova’s quarterly report, Yellowcard and Coinbase. _ We love hearing your thoughts! Find us on Twitter and Instagram (@openafricapod) and tag us in your conversations. Hosted on Acast. See aca...

Jan 27, 202444 min

Crypto is Open for Business in Nigeria

Merry Christmas, everyone!🎄 _ On this episode, 'Laolu, Furo, and Nosa look at some industry predictions made in January, if they came to pass, and attempt to make predictions for 2024. They also consider what exactly a layoff is, some industry news, and the CBN lifting the ban on Cryptocurrency. _ We love hearing your thoughts! Find us on Twitter and Instagram (@openafricapod) and tag us in your conversations. _ Music from #Uppbeat (free for Creators!): https://uppbeat.io/t/soundroll/the-incide...

Dec 25, 202349 min

Interswitch, Crowdyvest, and a December Round Up

We recorded this episode remotely so if the sound quality seems a little off, that's why, please bear with us. _ On this episode, 'Laolu, Furo, and Nosa do recap of some happenings in the industry, they talk about the CBN’s new requirements for Tier-1 bank accounts, Interswitch losing ₦30 billion to chargeback fraud and attempts at recovery, Crowdyvest owing customers and equity proposal, Patricia and tokens, and why we might need more regulation in the ecosystem. _ We love hearing your thoughts...

Dec 04, 202352 min

Dash is shutting down and how to raise money in the Nigerian capital market

On this episode, 'Laolu, Furo, and Nosa have a guest! They are joined by Kenny Bayeroju; an investment and finance professional based in Nigeria. Together, they talk about Dash - a Ghanaian-based Fintech that shut down recently, how to raise money in the Nigerian capital market, and other significant industry news. _ We love hearing your thoughts! Find us on Twitter and Instagram (@openafricapod) and tag us in your conversations. Hosted on Acast. See acast.com/privacy for more information. Hoste...

Oct 16, 20231 hr 5 min

The Float Incident and Monitoring Your CEO’s Social Media

On this episode, 'Laolu, Furo, and Nosa share their thoughts on some industry news - ChipperCash's pivot into offering KYC services, Anchor raising $2.4 million in a seed round, Nestcoin raising $1.9 million to grow Onboard; “a secure self-custody wallet for managing digital assets with no middlemen”, and Swap by Flutterwave. _ We love hearing your thoughts! Find us on Twitter and Instagram (@openafricapod) and tag us in your conversations. Hosted on Acast. See acast.com/privacy for more informa...

Sep 22, 202359 min

Moniepoint is expanding

On this episode, 'Laolu, Furo, and Nosa discuss Moniepoint; evolution from B2B to B2C, expansion to Kenya and acquisition of Kopo Kopo, the limitations of innovation in Mobile Money markets, Bankly’s Microfinance Bank announcement, and Chipper Cash’s Forbes interview. _ We love hearing your thoughts! Find us on Twitter and Instagram (@openafricapod) and tag us in your conversations. Hosted on Acast. See acast.com/privacy for more information. Hosted on Acast. See acast.com/privacy for more infor...

Aug 26, 202351 min

The Ripple Effects of the [Unified] Exchange Rate

On this episode, 'Laolu, Furo, and Nosa recap the events of the past month, discussing Bundle and Pillow in the retail crypto space, FX policies in Nigeria, GTBank’s new app rollout, and the purported CBN's social media for KYC requirement. _ We love hearing your thoughts! Find us on Twitter and Instagram (@openafricapod) and tag us in your conversations. Hosted on Acast. See acast.com/privacy for more information. Hosted on Acast. See acast.com/privacy for more information....

Jul 29, 202340 min

The Card Business and eNaira

On this episode, 'Laolu, Furo, and Nosa take a deep dive on cards, shedding light on concepts like card types, card schemes, and the difficulties in running a successful card business. They also discuss the IMF report on eNaira, and highlight the challenges of the CBDC. _ We love hearing your thoughts! Find us on Twitter and Instagram (@openafricapod) and tag us in your conversations. Hosted on Acast. See acast.com/privacy for more information. Hosted on Acast. See acast.com/privacy for more inf...

Jun 29, 202355 min

Lazerpay, Eyowo, and navigating B2C

On this episode, 'Laolu, Furo, and Nosa weigh in on the latest happenings in the industry - Lazerpay and the media, technology journalism, the implications of a revoked banking license, and the woes of B2C companies in Nigeria. - We love hearing your thoughts! Find us on Twitter and Instagram (@openafricapod) and tag us in your conversations. Hosted on Acast. See acast.com/privacy for more information. Hosted on Acast. See acast.com/privacy for more information....

May 30, 202343 min

Retail Crypto Struggles in Nigeria

On this episode, 'Laolu, Furo, and Nosa discuss the recent happenings in the Crypto space in Nigeria amongst several industry news - Paxful and Lazerpay’s shut down, workplace fraud, use cases of AI in Crypto, and what to expect from Moniepoint's investment in Payday. We love hearing your thoughts! Find us on Twitter and Instagram (@opemafricapod) and tag us in your conversations. Hosted on Acast. See acast.com/privacy for more information. Hosted on Acast. See acast.com/privacy for more informa...

Apr 24, 202351 min

The Turmoils of African Tech Layoffs

On this episode, 'Laolu, Furo, and Nosa consider the recent events in the African Tech Ecosystem - Alerzo's second round of layoffs in seven months and the shutting down of some of their warehouses, Chipper Cash's recent round of layoffs, Silicon Valley Bank's collapse and what it means for businesses. We love hearing your thoughts! Find us on Twitter and Instagram (@openafricapod) and tag us in your conversations. Hosted on Acast. See acast.com/privacy for more information. Hosted on Acast. See...

Mar 15, 202348 min

What is Tingo & How Nigerian bank transfers work

On this episode, 'Laolu, Furo, and Nosa set out to solve the mystery of An Agri-fintech company's existence, Dozy Mmobuosi's ongoing plan to purchase Sheffield United, the reality of Nigeria's new cashless policy and why Bank transfers fail. _ We love hearing your thoughts! Find us on Twitter and Instagram (@opemafricapod) and tag us in your conversations. Hosted on Acast. See acast.com/privacy for more information. Hosted on Acast. See acast.com/privacy for more information....

Feb 20, 202349 min
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