Listen now on Apple Podcasts and Spotify.
On this episode of the podcast, 'Laolu, Nosa, and Furo talk about Moniepoint and Visa’s partnership, Accrue, SeamlessHR’s additional $9 million raise in series A extension, MoneyHash’s $5.2 million pre-series A raise, and what they think is really happening with Bento.
This week's episode cuts through the noise around several significant moves in African tech. Here's what the team unpacks:
1. Moniepoint's partnership with Visa has more layers than the press releases suggest. The hosts piece together what looks like a larger $200M+ raise being announced in strategic phases, while questioning the real impact of these big-name fintech partnerships.
2. Accrue's $1.5M seed round offers an interesting case study in pivot survival. Rising from Buycoin's retail exit, they've built a 200K+ customer base - though it took three years to land this funding. The trajectory raises questions about the evolution of crypto plays in African markets.
3. The Waza founders' new venture, Lync, is taking an unexpected approach to business banking. Their focus on proper business name registration for international transfers might seem minor, but the hosts break down why this could be a significant edge for companies handling cross-border transactions.
4. SeamlessHR secured $9M in what they're calling a Series A extension. The discussion around this raise opens up a broader conversation about the challenges of growing enterprise software companies in Africa.
5. The recent Bento controversy gets a different reading here. Instead of jumping on the Twitter headlines about tax issues, the hosts dig into the structural problems they've observed - from constant team turnover to fundamental gaps in product development processes.
The episode also includes an unexpected tangent about remittance patterns in Lagos that reveals some interesting gaps in the market. Worth a listen if you're interested in where the next wave of fintech opportunities might come from.
Share this post