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Epi 22 BTF Podcast Michael Simeon

Building The Future Podcast

Release Date: 11/19/2017

BTF Podcast Season 3 Finale show art BTF Podcast Season 3 Finale

Building The Future Podcast

We have now come to the end of season 3!

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#66, Doing venture investment in Africa. How to validate your assumptions. Steve Grin, Managing Partner at Lateral Capital show art #66, Doing venture investment in Africa. How to validate your assumptions. Steve Grin, Managing Partner at Lateral Capital

Building The Future Podcast

Steve Grin is the Managing Partner at Lateral Capital, a firm that invests in early and growth stage opportunities in sub-Saharan Africa.

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#65, Why generating capital is important for African startups. Thesis on exits and how to manage corporate funds. Dustyn Winder, Co-Founder and Managing Partner at Akili show art #65, Why generating capital is important for African startups. Thesis on exits and how to manage corporate funds. Dustyn Winder, Co-Founder and Managing Partner at Akili

Building The Future Podcast

Dustyn Winder is the co-founder and managing partner at Akili.Vc

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#64, On building an online marketplace in Africa: not as easy as it looks. Adam Grunewald, CEO & Co-Founder at Lynk show art #64, On building an online marketplace in Africa: not as easy as it looks. Adam Grunewald, CEO & Co-Founder at Lynk

Building The Future Podcast

Adam Grunewald is the co-founder and CEO of Lynk, a platform designed to provide technology-based solutions for the massive informal labour sectors in Kenya.

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#63, Lesson in humility. Building business in emerging market. Ekechi Nwokah, CEO & Founder at Mines.Io show art #63, Lesson in humility. Building business in emerging market. Ekechi Nwokah, CEO & Founder at Mines.Io

Building The Future Podcast

Ekechi Nwokah is the CEO and founder at mines.io, a startup that provides technology infrastructure which enables local institutions such as banks, mobile phone operators, retailers in an emerging market to offer credit to their customers.

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#62, Afonja, 18th century Oyo Empire and the dynamics of power with Tunde Leye. Author, Afonja The Rise show art #62, Afonja, 18th century Oyo Empire and the dynamics of power with Tunde Leye. Author, Afonja The Rise

Building The Future Podcast

Tunde Leye is the author of four novels, including his latest: Afonja, The Rise.

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#61, Teaching girls how to code. How to democratise opportunities. Abisoye Ajayi-Akinfolarin, Founder at Pearls Africa Foundation show art #61, Teaching girls how to code. How to democratise opportunities. Abisoye Ajayi-Akinfolarin, Founder at Pearls Africa Foundation

Building The Future Podcast

Abisoye Ajayi-Akinfolarin is the founder of Pearls Africa Foundation.

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#60, How ALAT team built a new bank from the old. Why innovation requires bold leadership. Nnamdi Azodo, Product Owner at ALAT show art #60, How ALAT team built a new bank from the old. Why innovation requires bold leadership. Nnamdi Azodo, Product Owner at ALAT

Building The Future Podcast

Nnamdi Azodo is a product owner at ALAT by Wema bank, Africa’s first mobile-only bank.

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#59 Olumide Soyombo show art #59 Olumide Soyombo

Building The Future Podcast

Olumide Soyombo is the Co-Founder of BlueChip Technologies. BlueChip Technologies is a systems integrator specialized in Data Warehousing, Analytics and Business Intelligence Solutions.

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#58, Investing in the African tech ecosystem. Lexi Novitske, Principal Investment Officer at Singularity Investments show art #58, Investing in the African tech ecosystem. Lexi Novitske, Principal Investment Officer at Singularity Investments

Building The Future Podcast

In 2012 Lexi Novitske moved to Nigeria from The United States.

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More Episodes

Michael Simeon is the Co-founder and CEO of VoguePay, a user-friendly online payment system in Nigeria.

 

Michael believes that to launch a product, it’s essential to research the market. In his words “You have to build something that fits for a purpose.”

 

VoguePay is a multi-million dollar business that never received any funding or grant.

 

In today’s episode, you’ll learn:

 

  • How Michael’s sister influenced his decision to start Voguepay.  She owns an e-commerce platform in the UK and wanted a payment platform that could collect payment from Nigeria. She expected Michael to solve the problem. How did he decide to start a business from that?
  • How did Michael build his first business while he was still at the university? How successful was the business?
  • There were five co-founders who put money in the business every month from their personal pocket. How easy was it to bootstrap? And what does this have to do with Michael’s belief about collective effort?
  • Voguepay marketed to developers instead of merchants. What was the reason behind that?
  • Why did VoguePay ensure that all their strategies were self-sufficient? And how did they manage it?
  • How do you build a multi-million dollar company without raising funds? Michael has some tips
  • What is their biggest pain point?
  • And more



Selected links from episode

 

Interswitch

eTranzact

GTpay

Microsoft

Mailchimp

Basecamp

Eat24

Flutterwave

Tesla

Paypal

Afrisoft