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Africa Series with Adejoke Adekunle: Building a digital bank in Africa with Odun Eweniyi, COO of PiggyVest

In this episode of the Africa Series, Joke Adekunle spoke to Odun Eweniyi, co-founder and Chief Operating Officer at Piggyvest - an online saving and investment platform founded in 2016 to help Nigerians achieve their financial goals. Today, the startup has over 3 million customers and has recently acquired companies like Abeg - popularly known as the Cashapp for Africa.


Joke and Odun discussed modern finance in West Africa and building a FinTech startup on the continent.

Here is what Joke asked Odun:

  • Tell us a bit more about PiggyVest story

  • You and your team launched PiggyVest at a time when digital banking wasn't well recognized or trusted. What were the learning curves you had to navigate at the time?

  • There's a lot of funding available today - especially for FinTech companies - how do you see that changing things in the African market?

  • What - in your opinion- are the most challenging parts of building a fintech company in Africa?

  • What lessons have you learned lately about building a fintech business in Nigeria?

  • As an investor in several African companies, I'd like you to share your perspective on the idea that "every tech company today is or can be a fintech company" - do you agree?

  • Still on the topic - PiggyVest acquired Abeg in 2020 - the startup popularly known as the Cashapp for Africa - what key factors led to that decision, and what are the opportunities for both companies with the acquisition?

  • As an investor in several African companies, I'd like you to share your perspective on the idea that "every tech company today is or can be a fintech company" - do you agree?

  • There's an emerging trend in the African fintech landscape of startups focused on the informal trade market; what are your thoughts on savings and investments for the informal market?

  • Given your experience, what trends do you see emerging in the African tech market that the world should pay attention to?

  • PiggyVest has some interesting projects in the pipeline, I believe. So what should our expectations be over the next few months?

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