#62: DPO Group - How the FinTech payments platform went from bootstrapping for 8+ years to strategically acquiring multiple companies, and exiting to Network International for $288M
Afrobility: Africa Tech and BusinessMarch 11, 2023
62
01:46:14170.22 MB

#62: DPO Group - How the FinTech payments platform went from bootstrapping for 8+ years to strategically acquiring multiple companies, and exiting to Network International for $288M

Overview: Today, we’re going to talk about DPO Group. We’ll explore the story across the following areas

  1. African payments context
  2. DPO group’s early history
  3. Product & monetization strategy
  4. Competitive positioning & potential exit options
  5. overall outlook.

This episode was recorded on Mar 5, 2023


Companies discussed: DPO Group, Network International, Apis partners, Flutterwave, Paystack, Interswitch, Safaricom, MTN, Airtel, Takealot.com, Superbalist.com, Safaricom, Yoco, PayPal & Chipper Cash


Business concepts discussed: Bootstrapping, Payments ecosystem, payments partnerships strategy, payments infrastructure, low-end disruption, banking regulation, Mobile Money, E-commerce payments, Virtual cards & payments M&A strategy


Conversation highlights:

  • (04:40) - Africa Payment Context at time of DPO’s founding
  • (12:46) - DPO Group Founding and early history
  • (14:05) - Founder Background
  • (25:57) - Fundraising and Growth
  • (29:48) - Acquisitions and Partnerships
  • (51:30) - Product and Monetization Strategy
  • (1:00:05) - Competition
  • (1:08:35) - DPO’s exit to Network International
  • (1:27:15) - Bankole’s overall thoughts and outlook
  • (1:39:10) - Olumide’s overall thoughts and outlook
  • (1:47:01) - Recommendations and small wins


Olumide’s recommendations & small wins:


Bankole’s recommendations & small wins:


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