Making Borders Matter Less with Onafriq's Dare Okoudjou

Today's guest is Dare Okoudjou, the Founder and CEO of MFS Africa, which this week has rebranded to Onafriq.

The new name represents a new chapter in the company, which is a very different looking company than when we first had Dare on the show back in 2020, after their acquisition of Beyonic. Since then, they've also acquired the card issuer, GTP in the US, and the agent network Baxi in Nigeria.

This current period of the African tech ecosystem is one of increased consolidation and company shutdowns amidst a fundraising downturn. And in this environment, there's perhaps no better and more experienced founder on the continent to learn from than Dare.

00:00 - Intro
01:48 - What's in a name?
04:26 - Cross-border payments
13:51 - Banks vs. Fintechs
15:24 - Onafriq's role in the payment value chain
20:27 - The people aspect of acquisitions
24:08 - On fintech consolidation
29:55 - Dare's take on the state of the market
35:03 - On fundraising
37:56 - The next 5 years for Onafriq
39:19 - Exits?

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