The company I’ve worked at for 3 years just raised $52 million. I couldn’t be prouder of the current team and those that were here at the beginning. It’s a phenomenal achievement and big validation of our model. Go read…
Buried half way down some Legislation from the European Union is a bank shattering piece of legislation that will change the banking landscape in the European Union. The legislation, dubbed PSD2, for Revised Payment Service Directive, opens the door to…
Where are the banks in fintech? I came across an article by McKinsey today which outlines how a bank can move towards digitizing lending. Lending is a cornerstone of banking, and it forms one of the more important parts of…
I’m a big fan of fintech. It’s awesome. It’s where I hope to spend my career. There’s innovation occurring across the sector, from different stores of value to entirely new means of exchange. I’ve focused the better half of the last…
Account penetration in Africa is growing thanks to mobile money. The percentage of account penetration in Africa is now led by Kenya, which is in front of a BRIC country- South Africa – mostly due to the success of M-Pesa and…
I am working in Accra, Ghana right now, and will be here for 5 days. JUMO works with MTN Ghana on a financial services product called QWIKLOAN, which is in my opinion one of the greatest mobile money products ever…
There’s an African proverb that goes “When two elephants fight, it’s the grass that dies.” The saying is applicable to wars, policy, labour, and a multitude of other scenarios. I hadn’t heard of it before this week when a twitter…
Analysts and fund managers around the world make good money predicting the future. They use numerous different strategies and models, some quantitative, some qualitative, some based on comparison, others not. The list goes on. Today I’m focusing on understanding the…
There’s lots of innovation in the lending space in Africa. I’ve been in the lending space for 3 years now, but in the mobile space for over 8. I can say that the pace of innovation from startups is the…
Bank of America is launching Erica, a digital assistant to help manage your bank account. The app promises to help you manage your bills, transfer money, and access important information about your account. Branch, a fintech company, raised over $100M…