In this latest episode of our 24Bit podcast, I sat down with Efayomi Carr to discuss Fintech in Africa. Efayomi Carr is a Principal at Flourish Ventures, a Global Fintech Venture Firm that recently opened its offices in Kenya.
SeedFi, a startup promising to help Americans build their credit and savings, has raised $15 million in equity and $50 million in debt. Andreessen Horowitz led the round, with participation from Flourish, Core Innovation Capital, and Quiet Capital. SeedFi is one of several fintech outfits targeting the huge swathe of Americans stuck in cycle of debt and with little or no savings.
Millions of Americans live paycheck to paycheck, and struggle to get out of a debt cycle. One startup is developing financial products targeted toward this segment of the population, with the goal of helping them build credit, save money, access funds and plan for the future.