In this episode, we delve into the entrepreneurial journey of Tarek, the Founder of Affinity in Ghana. Tarek shares insights into the crucial elements that foster an entrepreneurial spirit, challenges faced by founders, and introduces a fascinating concept – Founder’s Amnesia. We explore the true value of fintech in an ecosystem, addressing the disparity between funding and tangible results. The conversation also navigates the expectations of global investors versus the responsibilities of African startups, emphasizing the need for value addition where it matters. Tarek sheds light on educating founders about accessing the right investments and advocates for a collaborative approach among investors. The role of SMEs in the economy and a deep dive into Affinity’s mission round out this insightful episode.
0:00 – Welcome to Underdogs in Africa
1:53 – Introduction to Tarek: Founder & CEO of Affinity
6:31 – Fostering an Entrepreneurial Spirit
15:53 – Challenges Faced by Founders
28:58 – The Concept of Founder’s Amnesia
30:35 – Value of Fintech in the Entrepreneurial Ecosystem
32:11 – Global Investors vs. African Startups
34:55 – Educating Founders on Accessing Investments
40:31 – VISA’s Accelerator program
44:35 – Getting to know Tarek a bit more
48:44 – Affinity’s Mission and Vision & The Crucial Role of SMEs in the Economy
1:03:13 – Closing Thoughts
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