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Oviosu quiz competition; How to grow a Nigerian fintech from 400,000 to 600,000 agents in December? Honest answers only.
On this episode of the Teardown Podcast, Tayo Oviosu, CEO of Paga shares his experience
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A thread
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@paga@oviosu@yemi_uc Listen across the following platforms;
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@OyetokeT@oviosu We gat you always.
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“When we started, the word fintech didn’t exist. We had to build a lot of infrastructure ourselves; connectivity to banks, connectivity to processing. We built our technology as a proprietary payment enterprise platform from the ground up” -@oviosu#africanstartupteardown #mypaga
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“At the time when we started, the KYC rules in Nigeria required us to validate certain things that we could not validate digitally. So it was difficult.”
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A thread.
>Relationships with Co-founders
>Evolution of Paga Business Model
>Competition in the fintech industry
>Paga first product launch
>Paga Customer Acquisition Strategy and agents commission.
>Paga experience getting to 21 million users
>How Paga dealt with KYC requirements
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“We wanted to build a Mercedes Benz type of product thinking that everyone would love it but we failed. We over engineered it without testing and without proper data analysis”
A thread.
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On this episode, Vytautas CEO of Eskimi tells about how Eskimi think about product building and cost management . After building over 20 products, Vytautas shares some painful experiences and how Eskimi has been able to learn, adapt and survive.
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Today, we bring you the story of how a team of outsiders built a dominant social media startup in Nigeria, and the many business models they explored.
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Listen to Vytautas Paukstys, CEO of Eskimi teardown his business.
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On this episode, Vytas, CEO of Eskimi shares how Eskimi
- found its first users,
- the hacks that helped them grow,
- their struggle to find a business model
- the eventual shutdown of their social media company,
- and how they discovered a business in selling ads as DSP
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