#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 info@afrobility.com to share feedback or propose topics you’d like to hear.

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