Tackling Africa’s $330 Billion Credit Gap

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The Flip

The Flip Media

95 episodes

3 weeks ago

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.

All content for The Flip is the property of The Flip Media and is served directly from their servers with no modification, redirects, or rehosting. The podcast is not affiliated with or endorsed by Podjoint in any way.

Entrepreneurship

Technology,

Business

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Tackling Africa’s $330 Billion Credit Gap

The Flip

20 minutes

1 year ago

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 - Introduction
01:36 - The credit infrastructure problems in Africa
02:28 - Carbon's approach to lending
03:51 - SmileID's perspective on credit infrastructure
08:10 - Ability to pay vs. willingness to pay
10:06 - Private sector solutions
17:36 - 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-fairmoney
Cross-Border Payments with NALA's Benjamin Fernandes & GTXN's Dan Kleinbaum: https://theflip.africa/podcast/why-are-cross-border-payments-so-hard

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