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We're back with another part from episode 1 of our mini-series chats featuring key players in the African Web3 ecosystem. In the last clip, Duncan Muchangi, Head of Business Development at Fonbnk, spoke about how the platform serves nearly 2 billion people globally, offering services such as payments, lending, remittances, and savings. In this clip, he explains the human-centered approach behind Fonbnk's operations in emerging markets. He emphasizes that their mission is deeply rooted in understanding and addressing users' financial challenges. Tune in weekly to hear how Fonbnk provides a borderless banking infrastructure accessible to anyone with a mobile phone. #LiskAfrica #Web3Africa #Fonbnk

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Transcript

I think it's saying the immediate impact that we already have in the market. So like I said before, there's a massive gap in how can you onboard users into the Web 3 ecosystem. And you know, since we've launched Fund Bank, we've started to see the numbers of users start to grow every month. A couple of years down the road, we're trying to have millions and millions of new users. That's simply because of how simple it is now to access it again. I'm starting to see really use cases of businesses adopting these solutions. So imagine around African business. And you have customers across maybe Nigeria, you have customers across South Africa, Kenya, Uganda. How how do you manage collecting all these different currencies? So stable coins, for that matter, are coming to feeling a really, really big gap where they can, you know, help you aggregate and collect different currencies and have one settlement account. I think now it's time to see the immediate impact of stable coins in our market. And that really excites me. You know, I don't have to wait 10 years to see the real use of this technology. So we like to say we focus on the global S, right. So a lot of these markets across Southeast Asia, Africa, Latin America, they all have very similar in terms of characteristics of users, mobile money and penetration in those markets. And they've been kind of excluded a lot in terms of traditional financial services. And so we want to scale beyond Africa. We're moving into Latin America next and we'll also soon be in Southeast Asia. We are a bit to be to see company that means we don't have our own kind of app or stand alone app. We provide infrastructure for everyone else who's building consumer applications. So our biggest users of our product today Wallace at one point board users in Africa. We are the best on and off ramps to use literally takes less than an hour to integrate into your platform. We have a very kind of a low code, no code widget that you just embed into your payment flow. And so that's our largest use case now we are slowly. You see businesses or other businesses that are not necessarily in the Web 3 ecosystem adopt our technology, businesses that are doing the collecting funds across Africa, they are starting to use our product. So we are trying to see a lot of traction there as well.

Graphic Designer/ Frontend Developer

1w

This is Great to know!!!

Attended Uniport

1w

Good to know!

Attended Akwa ibom state university

6d

Insightful and very outstanding

Abdulrhaman Muhammed shaffiu

Abdulrhaman Muhammed shaffiu

--

1w

Very helpful!

Student at University of Uyo

15h

Very informative

EMMANUEL Sunday

EMMANUEL Sunday

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12h

Useful tips

--

15h

Insightful

himawari uzumaki

himawari uzumaki

Student at University of Uyo

15h

Insightful

--

1w

loving the bullish momentum of this project

--

1w

This is exceptional

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Lisk

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