Episode 37. Build a product that people want. Adeyinka Adewale, Kudi.ai

Adeyinka Adewale is the co-founder and CEO of Kudi.ai, a financial service provider that allows you to pay people and businesses over messaging interfaces like Messenger, Skype, Slack, and Telegram.

He is a graduate of Obafemi Awolowo University.

Kudi.ai is not Yinka’s first foray into running a business, he was the co-founder and CEO of Sanwo Touch2pay, which started out as a payment platform for university students in Nigeria.

In 2014, he also co-founded clinicfy, a cloud-based financial software for hospitals to track their revenues and invoices for both walk-in patients and health insurance patient.

Kudi.ai is a graduate of the Y Combinator Winter 2017 batch. They raised an additional seed funding from a group of angel investors in the valley and in Nigeria.

For payments generally, trust is a key factor. Adeyinka discusses getting people to understand and trust Kudi.ai with their financial information.

Adeyinka kudi.ai

In this episode you’ll learn:

  • What was the idea behind Sanwo? The business he co-founded as a student. How did he juggle being a final year student with running his business?
  • Yinka takes the African tech ecosystem very seriously. He doesn’t think he has earned a place in the ecosystem yet. Why does he seem to think so?
  • How impactful was the Y Combinator program? and how has it shaped the business
  • Getting people to make payments through their chat boxes is phenomenal. But Kudi.ai also has to contend with earning trust. How has the journey been so far?
  • His previous business clinicfy was not running on a sustainable model and as such, it had to close down. What was the model?
  • There was a make-or-break challenge for the team when they were about to launch. They had help with one of the payment companies and solved that challenge in a week. What company is this?
  • And more

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Episode 37