In the middle of 2016, after one frustrating banking experience after another, Yinka Adewale and Pelumi Aboluwarin founded Kudi (YC W17) to drive a seamless banking experience in our local communities in Africa. Now, Kudi is trusted by millions of people every day to send money, get cash and make bill payments across Nigeria. In this video, Yinka Adewale shares his story: how Kudi started as message commerce (Kudi.ai) and pivoted to agent banking after some time, the difficulty they faced raising seed for the business, plans for the future and lessons learned so far. He also shares the story behind how he resigned as co-founder/co-CEO and gave up all his shares at a previous startup and much more. Watch the Video https://www.youtube.com/watch?v=e9CDM5a6Vz4 Video timestamps - Growing up 01:12 - From EIR at Venture Garden Group to launching his first startup 08:00 - Launching his second company 10:55 - First $25k investment while he was still in University. 13:00 - Raised $100k seed and grow the team to about ten. 16:00 - Resigning & Stepping down as Co-CEO and giving up all his shares 17:05 - Kudi time (lol). How Kudi started 22:00 - Pivoting from Kudi.ai to Kudi.com 27:22 - Raising $500k for Kudi 28:53 - Agent Banking 32:22 - Raising Series A 39:00 - Current Stats on Kudi (+ Yinka's thought on the ecosystem) 42:00 - The best thing about what Kudi is building 44:35 - Challenges Building a Fintech in this market 47:33 - What will you do differently if you could do it all over again 49:45 - Biggest Hiring Mistake so Far & Favourite Personal Failure 52:30 - Exit plan for Kudi: IPO? Acquisition? Build for the long term? 1:03:00

#FoundersConnect: Interview with Yinka Adewale, the CEO of Kudi

About Author

Comments

TOPICS

THIS ARTICLE WAS FEATURED IN

Related Stories

Untitled Story

#FoundersConnect: How Erika Brodnock, Founder of Kami, Uses Tech to Improve the Lives of Families

123 Stories To Learn About Youtube Transcripts

55 Stories To Learn About Peace Itimi

61 Stories To Learn About Founders Connect

Adewale Yusuf, Co-founder TalentQL, on Helping Young Africans Launch Their Tech Careers

#FoundersConnect: How Erika Brodnock, Founder of Kami, Uses Tech to Improve the Lives of Families

123 Stories To Learn About Youtube Transcripts

55 Stories To Learn About Peace Itimi

61 Stories To Learn About Founders Connect

Adewale Yusuf, Co-founder TalentQL, on Helping Young Africans Launch Their Tech Careers

Light-Mode

Classic

Newspaper

Dark-Mode

Neon Noir

Minty

HN StartUps