“Since winning the competition, we have hit 200,000 registered users in Kenya and are now expanding our solution into Rwanda,” shared Samuel Njuguna, CEO and co-founder of Chumz.io.
Before joining 500 Global, Dieng served as Head of International Partnerships at Draper University and as an Investor Associate at Draper University Ventures.
The timing of Gambaryan’s release has stirred fresh debate in Nigeria, given its close alignment with the group’s formation, though neither side has officially linked the two.
With remittances playing a vital role in the Senegalese economy, contributing approximately 9.8% to the nation’s GDP in 2022, the neobank presents an opportunity for the government to capture a larger share of transaction fees currently paid to foreign intermediaries.
"You cannot wait for perfect conditions because perfect conditions are never coming." - Ray Langa, Group CEO of Leagas Delaney South Africa, writes from Johannesburg