Community Governed Loans and Mobile Money in Nigeria with Adebola Adeniran

In this episode of the HackerNoon Podcast, Amy Tom sits down with Adebola Adeniran to talk about Money; specifically, mobile money in Nigeria. They go from sending money via email in Canada to how https://moni.africa (Moni) has cracked money lending by leveraging community governance. Which then got Moni into Y Combinator. It is an insider's take on what the financial landscape looks like in Nigeria and Africa at large. 💵

 

Adebola is the Software Editor at HackerNoon and the Growth lead at https://moni.africa (Moni).

 

On this episode of the HackerNoon Podcast, Amy and Adebola chat about:

• With about 60% of Nigerians being unbanked, Adebola breaks down how Nigerians move money on a day-to-day basis. (01:16) 💸
• People in Canada send money via email (lol, could never be me 😂). So, naturally, Amy is curious about what interacting with the financial infrastructure in Nigeria looks like. (03:27) 🏗️
• In Nigeria, mobile money agents are the primary movers of money. But, who exactly qualifies to be a mobile money agent? (09:17) 🤑
• How long has mobile money been in Nigeria and Africa at large? (11:51) 🌍
• What are the barriers to entry into the mobile money agent system? (13:01) 🚧
• What does the competition look like in the mobile money ecosystem? (14:46) 🤺
• How did Adebola get to being the People and Growth Lead at Moni? (16:11) 👨🏾‍💼
• How exactly does https://moni.africa fit into the mobile money picture? (17:55) 💷
• What gets Adebola excited about mobile money? (26:47) 😆

 

Read Adebola’s take on mobile money:

• Mobile Money: The Key to Financial Inclusion in Emerging Markets

 

Find Adebola online:

• Check out Adebola on HackerNoon: https://hackernoon.com/u/adebola

 

Learn more about HackerNoon:

• To read HackerNoon stories, check out hackernoon.com
• To apply for a position, check out https://careers.hackernoon.com/