Michael and Johnny start their African Fintech tour by discussing one of the OG's, Interswitch. We evaluate its success before diving into our Rich Tech or Poor Tech analysis, where we look at the industry, incremental user value, and incremental societal value. Finally, we discuss Interswitch's future outlook.
In News of the Week, Coinbase has gone public via a direct listing with shares initially popping before dropping by end of the day.
Recorded Date: Sunday, April 18, 2021
Time Stamps
- 00:00:18: News of the Week
- 00:02:51: Interswitch
- 00:06:00: Industry
- 00:08:35: Incremental User Value
- 00:13:25: Incremental Societal Value
- 00:14:19: Final Verdict
- 00:15:37: Future Outlook
Highlights
- Coinbase has gone public via a direct listing - the stock exchange got listed on the stock exchange!
- Interswitch is one of the grand daddy's of African FinTech companies
- Interswitch's founder, Mitchell Elegbe set out to build the Nigerian fintech ecosystem
- Is Interswitch a Rich Tech or Poor company?
- The rise of Interswitch has directly contributed to a decrease in physical transactions
- Interswitch operates in over 20 countries across Africa
- Is Interswitch's future impact limited by the constraints of the Nigerian government?
- Can Interswitch contribute to the mobile money story that is lacking in Nigeria compared to Kenya?
- Can Interswitch take their ball to another country and capitalize on mobile money?
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