Venture Passport
The show is co-hosted by two VCs, Jack Richardson, and Richard Armstrong, exploring the inner workings behind the creation of thriving tech unicorns, showcasing conversations with leading pioneers and visionaries in the global startup arena.
S2E2: Babs Ogundeyi, Founder @ Kuda <> Dr. Ricardo Schäfer, Partner @ Target Global
In this episode, Richard Armstrong and Jack Richardson are joined by Babs Ogundeyi to explore the founding story of CUDA and its mission to build consumer trust in fintech. Babs shares insights into the challenges of traditional banking and the opportunities within the fintech sector. The discussion highlights Target Global's investment philosophy and their early involvement with CUDA, particularly during the COVID-19 pandemic. The episode delves into the dynamics of investor-founder relationships and explores strategies for operating and growing within the Nigerian market. Concluding with quick-fire questions, Babs offers valuable advice for founders navigating the current capital raising climate.
Key Points
- CUDA has achieved rapid growth by providing affordable and accessible financial services tailored to the underserved Nigerian market.
- Startups often outpace legacy banks due to their agility, innovative culture, and ability to attract top talent, allowing them to create superior customer experiences.
- Building trust with a user base involves regulatory compliance, transparent communication, and a user-friendly product, which are crucial for a digital bank operating without physical branches.
Chapters
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Transcript
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