#42: Andela - How the engineering hiring platform is connecting companies with software developers in Africa & emerging markets
Afrobility: Africa Tech and BusinessNovember 22, 2021
42
02:09:35237.28 MB

#42: Andela - How the engineering hiring platform is connecting companies with software developers in Africa & emerging markets

Overview: Today, we’re going to talk about Andela - the software developer recruitment platform. We’ll explore the Andela story across 6 areas:

  1. Labor markets in Africa context
  2. Andela's founding and early history
  3. Fundraising & Growth
  4. Product & monetization strategy
  5. Competitive positioning & potential exit options
  6. Overall outlook.


This episode was co-hosted with Iyinoluwa "E" Aboyeji & recorded on Nov 7, 2021


Companies discussed: Andela, Fora, 2U, Bookneto, Spark Capital, CRE Ventures, Chan Zuckerberg Initiative (CZI), SoftBank (Vision Fund), Gebeya, Semicolon, Decagon, CRE Ventures, Spark Labs & Generation Investment Management


Business concepts discussed: Emerging market talent recruitment, economic development, remote work, labor productivity, outsourcing, youth unemployment & economic development


Conversation highlights:

  • (01:00) - Andela context & Background
  • (01:30) - Context on Africa’s labor markets
  • (21:20) -  Bookneto, Fora & 2U
  • (53:50) - Andela cofounders & early founding story
  • (1:00:00) - Fundraising and investors
  • (1:11:00) - Traction - Revenue, users, employees, margins
  • (1:14:23) - Product and monetization strategy
  • (1:25:22) - Competition and options for exit
  • (1:48:46) - Olumide’s overall thoughts and outlook
  • (1:55:17) - Bankole’s overall thoughts and outlook
  • (2:01:00) - E’s overall thoughts and outlook
  • (2:09:01) - Recommendations and small wins


Olumide’s recommendations & small wins:


Bankole’s recommendations & small wins:


E’s recommendations & small wins:



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