#32: African FinTech lending - How consumer loan platforms are providing credit across Africa

Overview: Today we’re going to talk about consumer lending in Africa. We start by discussing lending in other emerging markets, discuss Africa’s credit landscape, analyze lending tech companies across Africa & end with our overall outlook. This episode was recorded on June 27, 2021. Companies discussed: Navi, Creditas, Jumo, Carbon, Branch, Tala, Tugende, FairMoney, Shahry, Khazna, NuBank, Safaricom (M-Pesa), Alibaba (Ant Financial & AliPay), Migo (Mines), Numida, Tyme Bank, Lulalend & Evolve Credit Business concepts discussed: Consumer lending, SME lending, unbanked population, Agency banking, credit assesment, lending risk management & lending (financial services) regulation Conversation highlights: (00:40) - Why we’re talking about Lending (04:40) - Consumer lending context in India (10:10) - Navi deepdive & what African startups can learn (13:14) - Consumer lending context in Brazil (18:30) - Creditas deepdive (31:29) - Consumer lending context in China (38:30) - Consumer lending in Africa (51:18) - Lending startups in Southern Africa (1:04:06) - Lending startups in Western Africa (1:05:00) - Lending startups in Eastern Africa (1:16:16) - Lending startups in Northern Africa (1:26:50) - Olumide’s overall thoughts (1:31:50) - Bankole’s overall thoughts (1:45:30) - Recommendations and small wins Olumide’s recommendations & small wins Recommendation: Howard Lindzon on Angel Podcast - Amazing banter, really funny and insightful Recommendation: Feeling by Ladipoe - Amazing. I can basically listen to it on repeat for hours Recommendation: Eni Duro - Olamide - Real life. Epic. Small win: Windows 11 announced. Can't wait to use it Other content: Decoding India's consumer lending opportunity Other content: Chinese microlending is getting weird and dangerous Special thanks to Deji Olowe for helping me think about lending (checkout his blog here) Bankole’s recommendations & small wins Recommendation: The Grid: The Fraying Wires Between Americans and Our Energy Future & The Grid: A Journey Through the Heart of Our Electrified World Small win: Attended a Seattle Sounders game v Real Salt Lake. Sounders W. Other content: Samora Kariuki Frontier Fintech & @getCarbon on Medium We’d love to hear from you. Please email [email protected] to share feedback or propose topics you’d like to hear. All episodes at Afrobility.com