Tayo Oviosu, founder & CEO of Paga, one of Africa’s most successful mobile money companies processing over $20 billion in transactions, joins The Afropolitan Podcast for a rare, unfiltered conversation on fintech, leadership, diaspora identity, and building in Nigeria through crisis, chaos, and conviction. From leaving a stable career in the US to pioneering digital payments in a pre-fintech Nigeria, Tayo shares the untold story behind Paga’s early struggles, near-death moments, and the strategy that turned it into one of Africa’s biggest financial infrastructure companies. More than entrepreneurship, this episode explores the psychology of resilience, navigating naira devaluation, regulation, global perceptions of Africa, and the emotional weight of building for 200 million people when systems are broken. He opens up about: ✦ What Silicon Valley still gets wrong about Africa ✦ The hidden cost of building in Nigeria, power, security, FX, people ✦ Why diaspora identity is an advantage, not a conflict ✦ Lessons from raising capital before “African tech” was a thing ✦ Why fintech in Africa isn’t a product, it’s infrastructure ✦ What the next decade of African money will look like ✦ Why founders burn out and how to stay sane in unstable markets If you’re a founder, operator, investor, or future builder across Africa and the diaspora, this is a masterclass in vision, endurance, and building systems that outlive you. Follow Tayo Oviosu LinkedIn – https://www.linkedin.com/in/oviosu Twitter – https://x.com/tayoov Subscribe to Afropolitan Podcast For more unfiltered conversations with Africa’s boldest builders, thinkers, and creators: Twitter – https://x.com/afropolitan Instagram – https://www.instagram.com/afropolitanpodcast LinkedIn – https://www.linkedin.com/company/afropolitannation/ Website – https://www.afropolitan.io Community – https://afropolitan.io/community Newsletter – https://afropolitan.io/newsletter Sponsored by VBan – Borderless banking for Africa’s digital workforce. Use code AFROPOLITAN → https://vban.com Inverroche Gin – South Africa’s premium craft gin blending heritage botanicals with innovation. https://www.inverroche.com Risevest – Invest globally in dollar-denominated stocks, real estate & fixed income. Sign up → https://click.risevest.com/gb0g/afropolitan Convo by Afropolitan – Book 1-on-1 calls with Africa’s boldest thinkers. Visit https://convo.vip Book 1:1 with Eche - https://convo.vip/echeemole Book 1:1 with Chika - https://convo.vip/chikauwazie TIMESTAMPS 00:00 Intro 02:18 Leaving the US: The Moment Tayo Realized He Had to Build for Nigeria 05:02 Nigeria’s Cash Chaos: The Origin Story Behind Paga 08:44 How to Raise Money When No One Believed in African Startups 12:33 Regulators, Rejections and Early Paga Near-Failures 16:11 Why Payments in Africa Requires Infrastructure Not Just an App 19:52 How Diaspora Identity Became Tayo’s Hidden Advantage 24:31 Surviving Nigeria’s Naira Crisis, FX, Inflation and Founder Psychology 28:46 Hiring in Nigeria Talent, Trust, Burnout and High-Performance Teams 33:12 The Harsh Reality of Building a Business in Nigeria 36:48 Why Paga Succeeded When So Many African Fintechs Failed 41:20 Africa’s Money Future, Digital Wallets and Financial Inclusion 45:55 How Founders Stay Sane While Building in Dysfunction 50:22 Competing With Banks, Telcos and Big Tech in Emerging Markets 55:03 Government, Regulation and Playing the Long Game 01:00:44 The Chaos Years, Power, Security and Founder Sacrifice 01:05:39 What Silicon Valley Still Misunderstands About Africa Raising Global Capital Today vs Ten Years Ago 01:15:58 Africa’s Fintech Wave Is Just Beginning 01:20:36 What Founders Need to Win, Discipline, Clarity and Survival Tactics 01:25:18 Should Diaspora Africans Move Back, Tayo’s Unfiltered Advice 01:29:43 What Tayo Would Tell His 25-Year-Old Self 01:34:02 The Next Decade of African Innovation 01:38:27 Final Reflections and Closing Thoughts
