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Building a bank for SMEs | Sola co-founder of Brass

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Summary

In this episode we speak to Sola the co-founder of Brass which provides banking and financial services for SMEs. SMEs are fundamental to Sub-Saharan Africa with them accounting for about 80% of the region's economic growth in 2015 according to The World Economic Forum. Sola and Brass have quickly gained respect and traction for the SME neobank that they are building. We hear about:  0:00 - Introduction to Sola & Brass  02:15 - The SME banking experience in Nigeria without Brass 06:31 - Brass' approach to user research  07:46 - SME loans and needs 10:22 - Why Nigerian SMEs have multiple bank accounts & other cultural nuances 12:52 - Brass' evolution & learnings from past iterations 17:50 - How Brass approaches design & their learnings  20:09 - Brass & expansion  22:01 - Brass & partnerships  23:30 - The differences between Kenyan & Nigerian customers 24:40 - Brass & the future

First published

06/17/2021

Genres

business

Duration

31 minutes

Parent Podcast

The Creators Africa

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Episode Description

In this episode we speak to Sola the co-founder of Brass which provides banking and financial services for SMEs. SMEs are fundamental to Sub-Saharan Africa with them accounting for about 80% of the region's economic growth in 2015 according to The World Economic Forum. Sola and Brass have quickly gained respect and traction for the SME neobank that they are building. We hear about: 

0:00 - Introduction to Sola & Brass 

02:15 - The SME banking experience in Nigeria without Brass

06:31 - Brass' approach to user research 

07:46 - SME loans and needs

10:22 - Why Nigerian SMEs have multiple bank accounts & other cultural nuances

12:52 - Brass' evolution & learnings from past iterations

17:50 - How Brass approaches design & their learnings 

20:09 - Brass & expansion 

22:01 - Brass & partnerships 

23:30 - The differences between Kenyan & Nigerian customers

24:40 - Brass & the future

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