Venture Passport
Venture Passport is the podcast delivering the inside view of early-stage global markets, brought to you by TAV; the global pre-seed VC shaping the industries of tomorrow.
The show is co-hosted by two VCs, Jack Richardson, and Richard Armstrong, exploring the inner workings behind the creation of thriving tech unicorns, showcasing conversations with leading pioneers and visionaries in the global startup arena.
Venture Passport
S2E2: Babs Ogundeyi, Founder @ Kuda <> Dr. Ricardo Schäfer, Partner @ Target Global
This week's episode is awesome. Guests are Babs Ogundeyi, Founder at Kuda and Dr. Ricardo Schäfer, Partner at Target Global.
Kuda is the money app for Africans around the world, giving a better alternative to traditional finance by delivering free money transfers, smart budgeting, investments and instant access to credit. Target came in at what was the largest African Fintech seed round in history before going on to raise from the likes of Peter Thiel's Valar Ventures.
We discuss:
- The eureka moment of Kuda; how Nigerian financial services impacted the making of Kuda
- Building trust in consumers early to now serve over $4bn worth of transactions every month and over 5m users
- Why legacy banks will always be behind the innovation curve
- Aligning revenue model to current economic conditions
- Key barriers to entry expanding and investing across Africa
- Queuing in Nairobi's airport