Timothy’s question Timothy, in our exclusive Telegram group, asked me the simple question above. It’s something that I instantly recall the origin of but rarely reflect on it and whether that has changed over the years. I am naturally a super open person. That’s my default mode. Mrs Njoku doesn’t
I started this in early December, but as things were still largely in flux, I stopped. IROKOtv had its 9th birthday on the 1st December 2020. 9 years is a loooong time. 2020 was definitely one of the longest. Before you continue, and if you care enough, I strongly suggest
First up. Oo was the evangelist who brought we angel investors great riches. For that, we bless him and wish his days to be long. The angels who invested in the seed round of Paystack back in 2016 made ~1,440% ROI. That’s x14.4 their money in only 5 years. Paystack
So as you know, over the last decade operating in Africa, I have been a massive fan of linear revenue models. It was central to my whole Spark 2.0 thesis almost 6 years ago. When I mean linear, I mean models where you can clearly extract real net revenue value
Investzilla coming soon… Is Africa’s new Fintech obsession with ‘Free’ a good thing? Part 1 You should probably read part 1 first if you haven’t already. One of the most exciting things to happen in 2020 has been the rise of the wealth management apps. Chaka, Bamboo, Rise and Trove
My Transferwise Card Caveat Emptor (let the buyer be aware) – I am no Fintech expert. Globally, consumers love a great discount. They love giveaways and free stuff even more. This has been a playbook that VC-backed startups have attempted to exploit to gain market share and build massive businesses
When Network International acquired leading African payment service provider DPO Group for $288M — an 18.5x revenue multiple – I thought this deal would electrify the fintech space in Africa and cause valuations to surge. In some respects, it did (I hear valuations are on tear). In reality it also
When I read that African music startup Mdundo was listing on the Danish stock exchange (the Nasdaq First North Growth Market), I was equally surprised and excited. I have been speaking on and off with the team at Mdundo since 2014 and they were definitely a passionate and consistent team.
2020 was supposed to be our year. We had a simple plan to execute. Grow member base to ~500,000 whilst in parallel, improving our Africa annual ARPU from ~$7-8 to $20-25 with additional services and features. We started well. January through April we added international content, we introduced celebrity Shoutouts
Strive Masiyiwa Photographer: Justin Chin/Bloomberg I read the Bloomberg article last week about Strive, and it got me thinking… This didn’t need to happen. There was a radical and, at the time seemingly expensive, but possibly very inexpensive option. Corporate M&A. Zimbabwe Billionaire Struggles to Sell Telecom Asset Masiyiwa is seeking
~$100 / £80
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