Episode 7: Using AI to scale up Fintech with Andrew Mutua from PesaKit

Dependent Variable

M-Pesa as a product is now 12 years old. If it were a child, it would be a preteen eager to dare the world, be rebellious and make its presence known everywhere. M-Pesa has put Kenya on the global map among fintech pioneers. But there is a lot more going on in the fintech space in Kenya and Sub-Saharan Africa. Yet, in Kenya fintech that has scaled, to large extent is synonymous with mobile money and more so M-Pesa and its ever-growing ecosystem. In this episode, the team (Cate, Anthony and Victor) sit down with Andrew Mutua from PesaKit ( http://pesakit.co.ke/, twitter: @PesaKit_AI ) to have a discussion on how they are using AI to scale up fintech products for mobile money agents and the last mile of financial distribution. We get to talk about: 1) The evolution of Fintech in Kenya 2) PesaKit's last-mile agent network platform and how they are providing Digital and Human Interactions to accelerate financial inclusion and how to make agents efficient and profitable. 3) Practical and ideal guide to building an AI infused fintech product. What does an ideal team look like? What timelines are realistic in building it? What iterations should you expect? 4) Cracking the local tech market with products that actually work. How to evaluate your idea and litmus test it properly with local context. 5) Sales and marketing - a big blocker Kenyan techpreneurs face when trying to secure investment and how to overcome it.