Chapter Opener
Before Paystack and Moniepoint there were commercial banks, UBA and the likes. Withdrawals and transfers was a whole job.
I can remember what my dad feared most was the ATM swallowing his card. It would mean spending his whole day in a bank queue trying to retrieve it.
We can never forget when banks went down during the cashless policy. How our parents suffered to withdraw their pension. To get money for hospital bills. For daily activities. And worst, to even feed.
OPay, Moniepoint, Paystack didn’t just innovate. They rebuilt the infrastructure that banks spent decades destroying. What surprises me most is how we don’t have to queue in a bank for anything anymore. How issues get resolved transparently and almost instantly.
“When it comes to money, speed and trust are key.”
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Africa processes billions in transactions daily on infrastructure built by Africans, for Africans. This is the Fintech chapter of Founder Eye, breaking down the products reshaping how money moves across the continent.
This series is to explain what hard work went into building the solid, never-failing system that makes you feel at peace even when a transaction fails. What you trust your livelihood with. What you integrate into your app to carry your whole system.
This is for the curious. The builders. The developers integrating these systems without knowing the story behind them.
Next up: Moniepoint 👀
Founder Eye is a series where I analyse African tech products through the lens of a builder, what problem they really solved, how they built it, and what we can learn from them.
