# The Flip: the investor podcast, by episode

> The Flip: African startups and the investors backing them, on the continent's hardest problems. 103 episodes, each linked to the investors in it.

Source: https://millionrounds.com/podcasts/the-flip (Millionrounds; every figure on the page links to its filing or article)

Founders · new episode 15 Oct 2026

# The Flip

Hosted by **The Flip**

African startups and the investors backing them, on the continent's hardest problems.

Follow on Apple PodcastsBrowse the episodes

**103** episodes

**10** investors heard as guests

**28 min** an average episode

9 in the last 12 months

## The regulars

Investors named as guests in the most episode titles on The Flip.

[DO *2* **Dare Okoudjou** 2 episodes](https://millionrounds.com/person/dare-okoudjou)[AM *1* **Andreata Muforo** TLcom Capital LLP](https://millionrounds.com/person/andreata-muforo)[HS *1* **Ham Serunjogi** 1 episode](https://millionrounds.com/person/ham-serunjogi)[JA *1* **Jihan Abass** 1 episode](https://millionrounds.com/person/jihan-abass)[JN *1* **Justin Norman** 1 episode](https://millionrounds.com/person/justin-norman)[OE *1* **Odunayo Eweniyi** Piggyvest](https://millionrounds.com/person/odunayo-eweniyi)[PM *1* **Perseus Mlambo** 1 episode](https://millionrounds.com/person/perseus-mlambo)[SA *1* **Shola Akinlade** Paystack](https://millionrounds.com/person/shola-akinlade)[TI *1* **Tokunboh Ishmael** Alitheia Capital](https://millionrounds.com/person/tokunboh-ishmael)[YB *1* **Yele Bademosi** Microtraction](https://millionrounds.com/person/yele-bademosi)

## Every episode 103 · page 1 of 4

- 103 **Inside China's Used Cell Phone Market** 15 Oct 2026 · 12 min About this episode When I was in Lagos, Nigeria, I went to an electronics market called Computer Village. All of the used cell phones there came from China. So on my recent trip to Guangzhou, China, I wanted to find the source at the other end of this global used electronics supply chain. From Guangzhou's "Little Africa", Xiaobei, to… ▶Show page
- 102 **What China Taught Me About Global Trade** 17 Sept 2026 · 15 min [Vincent Yang](https://millionrounds.com/person/vincent-yang) About this episode China's manufacturing scale has no historical precedent. $3.8 trillion in exports in 2025. A $1.2 trillion trade surplus, the largest any country has ever recorded. China is the top import partner for roughly 40% of the world's countries. China now trades 50% more with the Global South than with the US and Europe… ▶Show page
- 101 **What Vietnam’s Gold Shops Taught Me About Money** 30 Jul 2026 · 12 min About this episode Vietnam is one of the fastest-growing economies in the world. But its currency, the Dong, devalues 3-5% per year to support its export-oriented growth. When the price of gold rises, Vietnamese people queue for hours to buy more. Vietnam is fourth in global crypto adoption, with volumes around $200 billion, and… ▶Show page
- 100 **How to Fund a Hospital in a Warzone** 2 Jun 2026 · 13 min About this episode In Northwest Syria, a critical network of hospitals faces a unique challenge: how do you pay medical staff and fund healthcare when your country is completely cut off from the global financial system? Due to economic sanctions and a fractured banking infrastructure following over a decade of civil war, humanitarian… ▶Show page
- 99 **Inside Africa's $16 Billion Waste Economy** 30 Apr 2026 · 14 min About this episode Drive through cities in Africa and you’re likely to see a waste problem. In the streets, the sewage, in the waterways…540 million tons of waste goes uncollected every year across sub-Saharan Africa. It's a $16 billion opportunity. But much of the infrastructure is still missing. What would it actually take to build… ▶Show page
- 98 **I Went to Nigeria to Explore How Global Trade Really Works** 1 Apr 2026 · 15 min About this episode In Lagos' Computer Village, Nigeria's largest electronics market, everything is imported from China. But how merchants access dollars and pay their suppliers is a challenge. Nigeria imports $20 billion from China every year, yet dollar access problems and legacy banking systems create friction for those doing global… ▶Show page
- 97 **Why Getting Paid Costs More in Emerging Markets** 29 Jan 2026 · 10 min About this episode If you're a freelancer or a remote worker from the global south, you likely have a harder time getting paid and participating in the global economy. Maybe a global payments company doesn't operate in your country. Maybe they banned your account or froze your funds. Remote workers and freelancers from emerging… ▶Show page
- 96 **I Went to Bolivia Where Businesses Survive on Stablecoins** 2 Dec 2025 · 11 min About this episode Bolivia is facing a severe economic crisis. The country is literally running out of dollars. Their foreign reserves have collapsed from $15 billion a decade ago to just $50 million today. In June 2024, Bolivia legalized cryptocurrencies, and digital asset transaction volume exploded - growing over 500 percent in the… ▶Show page
- 95 **Inside Argentina's $300 Billion Parallel Economy** 4 Nov 2025 · 16 min About this episode Argentina's decades-long economic crises and hyperinflation has a major impact on how Argentine's participate in the economy. The recent story that's been told about Argentina is that people are adopting stablecoins to protect against inflation and currency devaluation. But that's only part of the story... The real… ▶Show page
- 94 **What If You Could Send Money Across Borders as Fast as a Text?** 16 Sept 2025 · 12 min About this episode This year, $160 billion in remittance payments will be sent from the US to Latin America. $65 billion will be sent from the US to Mexico, the world's largest remittance corridor. Yet, the majority of payments will be sent via brick-and-mortar stores like Western Union or Moneygram. The future of payments is… ▶Show page
- 93 **NBA Africa's Biggest Success | The Khaman Maluach Story** 26 Jun 2025 · 4 min [Duke University](https://millionrounds.com/fund/duke-university) About this episode Watch this episode on YouTube: https://youtu.be/qoA105xnIpU Khaman Maluach was just drafted 10th overall in the NBA Draft. He’s a South Sudanese refugee who grew up in Uganda and only started playing basketball when he was 13 years old. After first playing the game at Luol Deng’s basketball camp, Maluach played at… ▶Show page
- 92 **The Real Reason People Are Using Stablecoins** 29 May 2025 · 9 min [Tether](https://millionrounds.com/fund/tether)[Zach Abrams](https://millionrounds.com/fund/zach-abrams) About this episode Watch this episode on YouTube. 2025 is the year of stablecoins. Transaction volumes have grown to over $33 trillion in the past 12 months. The top Dollar-denominated stablecoins are the 17th largest holder of US treasuries globally. Tether, issuer the largest stablecoin by volume, USDT, announced $13 billion in… ▶Show page
- 91 **Why the NFL is Bringing American Football to Africa** 23 Apr 2025 · 7 min About this episode There are 1,696 active players in the NFL. Just 138 are African. But if it were up to Osi Umenyiora, 11-year veteran and 2-time Super Bowl Champion, there would be many more. Osi is the Founder of The Uprise, the NFL's lead in Africa, and he's pioneering American football on the African continent. At the NFL's… ▶Show page
- 90 **How We're Helping African Farmers Grow** 25 Feb 2025 · 12 min About this episode Farming is the number one source of employment in Africa, yet its agricultural productivity is the lowest of any region in the world. The opportunity is immense, 60% of the world’s uncultivated arable land is on the continent, but rural communities are suffering from a lack of economic opportunity. So young Africans… ▶Show page
- 89 **What We Get Wrong About Climate Financing** 6 Feb 2025 · 10 min About this episode Reports suggest that climate change is set to cost the global economy $38 billion per year by 2049. Emerging markets need close to $2.4 trillion per year by 2030 to meet the climate goals. That's 4 times what is currently invested. But high capital costs are stalling clean energy investment across Africa. If you… ▶Show page
- 88 **Can Solar Power Solve Nigeria's Energy Crisis?** 21 Jan 2025 · 12 min About this episode Nigeria’s energy crisis has persisted for decades. Africa's largest country is largely powered by fuel generators. They're noisy, dirty, and bad for the environment. But they also provide power to millions of people in a country with an unreliable grid. The removal of Nigeria's long-standing fuel subsidy in 2023… ▶Show page
- 87 **How Africa’s Green Industries Could Save the Planet** 9 Dec 2024 · 11 min About this episode Can Africa be a leader in the global fight against climate change? While the continent has contributed just 3 percent to global carbon emissions, it is the most impacted by climate change. But it also has a range of natural endowments that leave it well-positioned to build green industries that will have a positive… ▶Show page
- 86 **This Funding Model is Helping Fight Climate Change** 11 Nov 2024 · 48 min [Maxime Bayen](https://millionrounds.com/person/maxime-bayen) About this episode These climate investors are funding climate startups using a hands-on venture-building model to support founders across Africa. In this episode, we’re joined by James Mwangi from Africa Climate Ventures, Maxime Bayen from Catalyst Fund, and Lyndsay Holley Handler from Delta40. We discuss why African ventures and… ▶Show page
- 85 **How Moniepoint Powers Millions of Businesses Across Nigeria** 29 Aug 2024 · 7 min [Babs Ogundeyi](https://millionrounds.com/person/babs-ogundeyi)[Tosin Eniolorunda](https://millionrounds.com/person/tosin-eniolorunda) About this episode There are millions of Moniepoint point-of-sale terminals in use across Nigeria. These point-of-sale devices power Nigeria’s offline economy, and while there are many competitors in this space, Moniepoint appears to beating them all. How did they do it? How did Moniepoint grow so quickly? And why has it become the… ▶Show page
- 84 **How Africa's Fastest Growing Company is Helping Retailers Grow** 25 Jul 2024 · 7 min About this episode Small retailers in Nigeria power the economy. But they’re going through some tough times. Devaluation, food inflation, and overall poor economic conditions have made it especially hard for these small businesses to operate. To better understand how retail works, and how these small businesses can grow, we hit the… ▶Show page
- 83 **An African Tech Exit - Selling Sendwave for $500 Million** 13 Jun 2024 · 10 min About this episode One of the African tech ecosystem's largest exits was the 2020 sale of Sendwave to WorldRemit for $500 million. Sid Sridhar was Sendwave's Head of Business at the time, and in this episode, Sid shares his M&A lessons for the African tech ecosystem. Sid is now the Head of Business at Wave, the mobile money company… ▶Show page
- 82 **Tackling Africa’s $330 Billion Credit Gap** 30 May 2024 · 20 min [Babs Ogundeyi](https://millionrounds.com/person/babs-ogundeyi)[Benjamin Fernandes](https://millionrounds.com/person/benjamin-fernandes)[Mark Straub](https://millionrounds.com/person/mark-straub) About this episode There is a $330 billion credit gap, according to the IFC. But why is it so hard to lend in African markets? We explore that question with Chijioke Dozie, Co-founder and CEO of Carbon, and Mark Straub, CEO of Smile Identity. This episode was recorded live from the FT Partners Fintech in Africa Summit in New York… ▶Show page
- 81 **African Small Businesses Have Many Challenges. Can These Platforms Help?** 23 May 2024 · 8 min About this episode In this episode, the third in our docuseries on jobtech platforms and the future of work, we dive deeper into the value chain, because the problems that small businesses have across the continent are multi-layered. In an environment of demand constraints and a lack of infrastructure, platforms need to solve multiple… ▶Show page
- 80 **Why Are Cross-Border Payments So Hard?** 16 May 2024 · 33 min [Benjamin Fernandes](https://millionrounds.com/person/benjamin-fernandes) About this episode Benjamin Fernandes, the Founder and CEO of the remittance platform NALA, likes to say that payments are just 1% built in Africa. Why are cross-border payments so hard? In this episode, we're joined in conversation with Benjamin Fernandes and Dan Kleinbaum, a co-founder of Beyonic, which sold to Onafriq, and now… ▶Show page
- 79 **Nigerian Neobank Roundtable: Moniepoint, Kuda, FairMoney** 9 May 2024 · 43 min [Babs Ogundeyi](https://millionrounds.com/person/babs-ogundeyi)[Tosin Eniolorunda](https://millionrounds.com/person/tosin-eniolorunda) About this episode In this episode, we're joined in a panel conversation with the CEOs of three of Nigeria's biggest digital banks: Moniepoint's Tosin Eniolorunda, Kuda's Babs Ogundeyi, and FairMoney's Laurin Hainy. This episode was recorded live from the FT Partners Fintech in Africa Summit in New York City. Download their FinTech in… ▶Show page
- 78 **The Future of Work Will Be Bootstrapped** 18 Apr 2024 · 8 min About this episode In our first episode of this series on jobtech platforms and the future of work, we argued that the future of work is a tech-enabled portfolio of work. But what does a portfolio of work really look like? And what happens next? We know we need to create more formal jobs in Africa, and we need to boost the… ▶Show page
- 77 **Much Ado About the Media, Live from Lagos** 4 Apr 2024 · 1h 4m [Olumuyiwa Olowogboyega](https://millionrounds.com/person/olumuyiwa-olowogboyega)[Tage Kene-Okafor](https://millionrounds.com/person/tage-kene-okafor)[Tayo Oviosu](https://millionrounds.com/person/tayo-oviosu) About this episode In January 2024, we hosted a live show in Lagos with The Subtext's Osarumen Osamuyi on the relationship between the tech ecosystem and the media. It was a follow-up to a 2020 episode we published entitled Much Ado About the Media. A lot of founders still feel the media is acting in bad faith amidst more… ▶Show page
- 76 **Afrobeats, Basketball & Commerce** 28 Mar 2024 · 27 min [Baron Davis](https://millionrounds.com/fund/baron-davis) About this episode Live from the BIG Summit, a platform hosted by investor and 2x NBA All-Star Baron Davis, at the 2024 NBA All-Star Game, a conversation with three operators connecting Africa to the world through culture and commerce. In this conversation, we're joined by Clare Akamanzi, the CEO of NBA Africa, Abdul Karim Abdullah,… ▶Show page
- 75 **What We Get Wrong About Jobs in Africa** 14 Mar 2024 · 11 min About this episode The African continent has the highest levels of poverty, the lowest levels of formal employment, and its population is going to double in the next 30 years. African countries need to create more jobs. But what kinds of jobs? And how? What if I told you that the way governments and development organizations are… ▶Show page
- 74 **Unlocking Gender-Smart Capital At Scale (2X Global's Jessica Espinoza)** 7 Mar 2024 · 38 min About this episode Despite research showing that female founders outperform their male peers, startups with a solo female founder or an all-female founding team raised a mere 2% of all the funding in Africa last year. There is a huge gender funding gap. How do we close it? This episode is the last episode of a five-episode series on… ▶Show page

## Who the show talks about

Firms named in its episodes, and people named in descriptions: talked about, rather than on the show.

[J **Justin Norman** *11*](https://millionrounds.com/person/justin-norman)[B **Babs Ogundeyi** *3*](https://millionrounds.com/person/babs-ogundeyi)[B **Benjamin Fernandes** *3*](https://millionrounds.com/person/benjamin-fernandes)[M **Maxime Bayen** *3*](https://millionrounds.com/person/maxime-bayen)[P **Peter Njonjo** *3*](https://millionrounds.com/person/peter-njonjo)[T **Tayo Oviosu** *3*](https://millionrounds.com/person/tayo-oviosu)[T **Tosin Eniolorunda** *3*](https://millionrounds.com/person/tosin-eniolorunda)[**Y Combinator** *3*](https://millionrounds.com/fund/y-combinator)[K **Katlego Maphai** *2*](https://millionrounds.com/person/katlego-maphai)[M **Mark Straub** *2*](https://millionrounds.com/person/mark-straub)[O **Onyeka Akumah** *2*](https://millionrounds.com/person/onyeka-akumah)[W **Wiza Jalakasi** *2*](https://millionrounds.com/person/wiza-jalakasi)

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