#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