I sat down with Ali Mazanderani, Chairman of Lesaka, a nasdaq traded, leading fintech in Southern Africa with over $400 million in revenue and 2 million active customers. Ali is a fintech veteran investor and builder, who’s been closely involved with several multi-billion dollar fintechs in emerging markets, including Stone, Pine Labs, Kushki, Thunes and is also a co-founder of Teya. We discussed why Southern Africa is one of the most exciting fintech opportunities in the world, how Lesaka is turning 120,000 merchants from cash-only to digital, the strategy behind acquiring Bank Zero, and why being a publicly traded company is a feature, not a bug.
Timestamped Overview: 00:00 Intro & Ali’s Background 05:00 Creating positive impact through fintech 09:23 Founding Taya Joy in Building 10:32 Customer first approach to success 14:49 Benefits of Public Market Discipline 18:12 Fintech's Limited Impact in Africa 20:36 South Africa's business opportunities 25:45 Bank Zero Digital Advantage 27:46 Customer-First Mindset & Innovation 32:27 Key Focus Growth and ARPU Trends 33:41 Value Over Price Wins Customers 38:35 Driving Merchant Payment Efficiency 42:52 Digitizing Africa's Future 43:58 Ambition for global excellence 47:14 Authenticity and empathy drive success
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Miguel Armaza is Co-Founder and General Partner of Gilgamesh Ventures, a seed-stage investment fund focused on fintech in the Americas. He also hosts and writes the Fintech Leaders podcast and newsletter.
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