The Flip

The Flip Media
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The Flip Podcast

The Flip is an editorial-style podcast exploring contextually relevant insights from entrepreneurs and investors changing the status quo in Africa. The name The Flip comes from the opportunity to flip the script – question some of the pervasive narratives on entrepreneurship, challenge the ubiquity of Silicon Valley thought leadership, and champion the entrepreneurs building a future inspired by Africa. Produced and hosted by Johannesburg-based entrepreneur and American expat Justin Norman. Sayo Folawiyo is the executive producer and b-mic.

  1. How Moniepoint Powers Millions of Businesses Across Nigeria

    AUG 29

    How Moniepoint Powers Millions of Businesses Across Nigeria

    There are millions of Moniepoint point-of-sale terminals in use across Nigeria. These point-of-sale devices power Nigeria’s offline economy, and while there are many competitors in this space, Moniepoint appears to beating them all.  How did they do it? How did Moniepoint grow so quickly? And why has it become the preferred choice for agents and merchants across Nigeria? In this episode, we hit the streets of Lagos with Ezekiel Sanni, Moniepoint's Senior Vice President of Distribution Network Sales. Moniepoint has been recognized as Africa's fastest-growing fintech by the Financial Times in 2023 and 2024. Last year, they processed over $182 billion in payments.  Moniepoint (formerly TeamApt) was founded by Tosin Eniolorunda in 2015.  00:00 - Moniepoint is winning Nigeria's fintech battle01:28 - What do agents want?02:19 - Nigeria's banking challenges03:34 - Moniepoint's business banking strategy04:49 - Moniepoint's distribution strategy Check out our roundtable conversation with Monieponit's CEO, Tosin Eniolorunda, Kuda's Babs Ogundeyi, and FairMoney's Laurin Hainy - https://theflip.africa/podcast/nigerian-neobank-roundtable-moniepoint-kuda-fairmoney  Our Links -🎥  YouTube - https://youtube.com/@TheFlipAfrica💻 Website - https://theflip.africa🐦 Twitter - https://twitter.com/theflipafrica👥 LinkedIn - https://www.linkedin.com/company/theflipafrica/📸 Instagram - https://instagram.com/theflipafrica

    7 min
  2. How Africa's Fastest Growing Company is Helping Retailers Grow

    JUL 25

    How Africa's Fastest Growing Company is Helping Retailers Grow

    Small retailers in Nigeria power the economy. But they’re going through some tough times. Devaluation, food inflation, and overall poor economic conditions have made it especially hard for these small businesses to operate. To better understand how retail works, and how these small businesses can grow, we hit the streets of Lagos with Deepankar Rustagi, CEO of OmniRetail. OmniRetail was ranked Africa's #1 Fastest Growing Company in 2024 by Financial Times. In this episode, Deepankar explains small retailers' working capital challenges and how OmniRetail is helping them grow their business by turning over their inventory faster. 00:00 - Intro01:00 - Working capital02:08 - Faster inventory turnover02:48 - Lack of credit03:39 - Understanding consumer demand04:57 - Building a Systematically Important Platform Read more from Deepankar -  Rethinking Metrics in B2B Commerce: https://theflip.africa/newsletter/rethinking-metrics-in-b2b-ecommerce Learn more about OmniRetail here: https://omniretail.africa Our Links -🔔 Youtube - https://youtube.com/@theflipafrica 💻 Website - https://theflip.africa🐦 Twitter - https://twitter.com/theflipafrica👥 LinkedIn - https://www.linkedin.com/company/theflipafrica/📸 Instagram - https://instagram.com/theflipafrica

    7 min
  3. An African Tech Exit - Selling Sendwave for $500 Million

    JUN 13

    An African Tech Exit - Selling Sendwave for $500 Million

    One of the African tech ecosystem's largest exits was the 2020 sale of Sendwave to WorldRemit for $500 million.  Sid Sridhar was Sendwave's Head of Business at the time, and in this episode, Sid shares his M&A lessons for the African tech ecosystem. Sid is now the Head of Business at Wave, the mobile money company spun out of Sendwave that's competing head-on with the telcos in Francophone West Africa. Wave raised a $200 million Series A in 2021, valuing the company at $1.7 billion.  00:00 - Introduction01:32 - Every deal is different02:16 - Know the business model that you're building for02:40 - Companies get bought not sold03:41 - How to qualify a deal04:53 - Be smart & strategic with information05:31 - Be transparent06:24 - Stay close to potential buyers07:39 - Alignment with investors Follow Sid on Twitter Check out other episodes from the Fintech in Africa Summit:Nigerian Neobank Roundtable: Moniepoint, Kuda, FairMoneyWhy Are Cross-Border Payments So Hard?Tackling Africa’s $330 Billion Credit Gap Our Links - 🎥 YouTube - https://youtube.com/@theflipafrica 💻 Website - https://theflip.africa🐦 Twitter - https://twitter.com/theflipafrica👥 LinkedIn - https://www.linkedin.com/company/theflipafrica/📸 Instagram - https://instagram.com/theflipafrica

    10 min
  4. Tackling Africa’s $330 Billion Credit Gap

    MAY 30

    Tackling Africa’s $330 Billion Credit Gap

    There is a $330 billion credit gap, according to the IFC. But why is it so hard to lend in African markets?  We explore that question with Chijioke Dozie, Co-founder and CEO of Carbon, and Mark Straub, CEO of Smile Identity. This episode was recorded live from the FT Partners Fintech in Africa Summit in New York City. Download their FinTech in Africa research report, published in March 2024. 00:00 - Introduction01:36 - The credit infrastructure problems in Africa02:28 - Carbon's approach to lending03:51 - SmileID's perspective on credit infrastructure08:10 - Ability to pay vs. willingness to pay10:06 - Private sector solutions17:36 - The challenges of scaling lending without infrastructure Follow Chijioke on Twitter.Follow Mark on Twitter. This episode was the third in our series of interviews recorded live from the Fintech in Africa Summit.Nigerian Neobanks with Moniepoint's Tosin Eniolorunda, Kuda's Babs Ogundeyi & Fairmoney's Laurin Hainy: https://theflip.africa/podcast/nigerian-neobank-roundtable-moniepoint-kuda-fairmoneyCross-Border Payments with NALA's Benjamin Fernandes & GTXN's Dan Kleinbaum: https://theflip.africa/podcast/why-are-cross-border-payments-so-hard Our Links - 🎥 YouTube - https://youtube.com/@theflipafrica 💻 Website - https://theflip.africa🐦 Twitter - https://twitter.com/theflipafrica👥 LinkedIn - https://www.linkedin.com/company/theflipafrica/📸 Instagram - https://instagram.com/theflipafrica

    20 min
  5. African Small Businesses Have Many Challenges. Can These Platforms Help?

    MAY 23

    African Small Businesses Have Many Challenges. Can These Platforms Help?

    In this episode, the third in our docuseries on jobtech platforms and the future of work, we dive deeper into the value chain, because the problems that small businesses have across the continent are multi-layered.  In an environment of demand constraints and a lack of infrastructure, platforms need to solve multiple problems across the value chain. This is what makes jobtech platforms so hard to build in Africa.  But for those who can solve problems across the value chain, it not only unlocks growth opportunities for their users, but it also unlocks additional revenue streams for platforms to achieve greater profitability.  Check out the first two episodes in this series:What We Get Wrong About Jobs in AfricaThe Future of Work Will Be Bootstrapped 00:00 - Intro01:43 - Jobtech platforms in Africa need to solve multiple problems across the value chain.02:31 - One sector with challenges across the value chain is fashion.03:51 - How Fitted is solving problems for tailors in Nigeria.05:51 - Unlocking revenue opportunities for SMEs and platforms alike. Watch this episode on YouTube.Learn more about the Jobtech Alliance.Check out last year's podcast series on the future of work. Our Links - 🎥 YouTube - https://youtube.com/@theflipafrica 💻 Website - https://theflip.africa🐦 Twitter - https://twitter.com/theflipafrica👥 LinkedIn - https://www.linkedin.com/company/theflipafrica/📸 Instagram - https://instagram.com/theflipafrica

    8 min

  6. MAY 16

    Why Are Cross-Border Payments So Hard?

    Benjamin Fernandes, the Founder and CEO of the remittance platform NALA, likes to say that payments are just 1% built in Africa.  Why are cross-border payments so hard?  In this episode, we're joined in conversation with Benjamin Fernandes and Dan Kleinbaum, a co-founder of Beyonic, which sold to Onafriq, and now the Founder of the FX platform GTXN.  This episode was recorded live from the FT Partners Fintech in Africa Summit in New York City. Download their FinTech in Africa research report, published in March 2024. 00:00 - Intro01:29 - Payments are 1% built in Africa06:32 - How to solve problems in Cross-Border payments08:28 - Do we need more payment apps?15:51 - Navigating regulatory challenges17:03 - Why are Benji & Dan solving these problems?20:30 - What's the cross-border payments pitch to investors?25:39 - Benji & Dan turn the tables on Justin This episode was the second in our series of interviews recorded live from the Fintech in Africa Summit. Our first episode was with the Nigerian Neobanks: https://theflip.africa/podcast/nigerian-neobank-roundtable-moniepoint-kuda-fairmoney Episode Links:Follow Benji on TwitterFollow Dan on TwitterRead Benji's Medium post: Are African Remittances Finished? Our Links - 🎥 YouTube - https://youtube.com/@theflipafrica 💻 Website - https://theflip.africa🐦 Twitter - https://twitter.com/theflipafrica👥 LinkedIn - https://www.linkedin.com/company/theflipafrica/📸 Instagram - https://instagram.com/theflipafrica

    33 min

  7. MAY 9

    Nigerian Neobank Roundtable: Moniepoint, Kuda, FairMoney

    In this episode, we're joined in a panel conversation with the CEOs of three of Nigeria's biggest digital banks: Moniepoint's Tosin Eniolorunda, Kuda's Babs Ogundeyi, and FairMoney's Laurin Hainy. This episode was recorded live from the FT Partners Fintech in Africa Summit in New York City. Download their FinTech in Africa research report, published in March 2024. 00:00 - Intro01:18 - Moniepoint's distribution-first strategy02:45 - FairMoney's credit-led approach04:46 - Kuda's neobank strategy06:48 - Banks, product, competition, expansion25:45 - Growth, VC returns33:56 - What does success look like? Our Links - 🎥 YouTube - https://youtube.com/@theflipafrica 💻 Website - https://theflip.africa🐦 Twitter - https://twitter.com/theflipafrica👥 LinkedIn - https://www.linkedin.com/company/theflipafrica/📸 Instagram - https://instagram.com/theflipafrica

    43 min
  8. The Future of Work Will Be Bootstrapped

    APR 18

    The Future of Work Will Be Bootstrapped

    In our first episode of this series on jobtech platforms and the future of work, we argued that the future of work is a tech-enabled portfolio of work.  But what does a portfolio of work really look like? And what happens next?  We know we need to create more formal jobs in Africa, and we need to boost the productivity of the informal sector. But how do we get there?  Considering the context of the markets in question, the future of work isn’t going to be designed or endowed; it’s going to be bootstrapped.  00:00 - Intro01:17 - Bootstrapping Development01:53 - Bootstrapping a portfolio of work05:48 - Pathways for jobtech users06:45 - This is how development happens Watch the first episode of this series on jobtech platforms: https://theflip.africa/podcast/what-we-get-wrong-about-jobs-in-africa To learn more about the Jobtech Alliance, visit https://jobtechalliance.com Check out last year's podcast series on the future of work: https://go.theflip.africa/future-of-work Our Links -🔔 Youtube - https://youtube.com/@theflipafrica 💻 Website - https://theflip.africa🐦 Twitter - https://twitter.com/theflipafrica👥 LinkedIn - https://www.linkedin.com/company/theflipafrica/📸 Instagram - https://instagram.com/theflipafrica

    8 min
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4.9
out of 5
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About

The Flip is an editorial-style podcast exploring contextually relevant insights from entrepreneurs and investors changing the status quo in Africa. The name The Flip comes from the opportunity to flip the script – question some of the pervasive narratives on entrepreneurship, challenge the ubiquity of Silicon Valley thought leadership, and champion the entrepreneurs building a future inspired by Africa. Produced and hosted by Johannesburg-based entrepreneur and American expat Justin Norman. Sayo Folawiyo is the executive producer and b-mic.

Information

  • Creator
    The Flip Media
  • Years Active
    2019 - 2024
  • Episodes
    85
  • Rating
    Clean
  • Copyright
    © 2023 The Flip
  • Show Website
    The Flip

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