FUMO: Future of Money Podcast

Card-Issuing API: A Pan-African Opportunity (Union54 with Perseus Mlambo) | Fintech

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Perseus Mlambo was our guest on episode six of the Fintech Founders Series and with his help we learned more Union54, Africa’s first card-issuing API. The process of card issuance for many companies is a painstaking one, as it comes with many complex regulatory requirements and time consuming licensing processes with the issuer banks. Union54’s API solution enables businesses to skip the compliance work, and seamlessly issue virtual payment cards on their app or website in just 48 hours without needing a bank or third party processor.

The start-up has already proved high potential by attracting funds from some of the largest investors such as yCombinator and Tiger Global. In Episode 6’s discussion, we chatted with the Co-founder, Perseus, who offered meaningful insights on:

🔹 The original inspiration of Union54 and what is card-issuance API

🔹 Consumer needs in Africa regarding payments

🔹 Tailoring a product for African markets  

🔹 Fundraising as a start-up

As Perseus said,

“The biggest problem was not that farmers did not have enough information, it was that they did not have access to good quality financial services. So they did not know more about money, or Fintech. As a result, they could not participate in the global economy.

Perseus Mlambo, Ceo OF Union54

You can watch the sessions below on Youtube, or listen it on Apple and Spotify Podcasts.

Episode Guest

Podcast hosts

Ronit Ghose

Global Head, Future of Finance at Citi

Ronit Ghose is the Global Head, Future of Finance, Citi’s think tank for the future of money and technology. Ronit’s current areas of focus include Digital Assets, the Metaverse, Web3, the applications of AI to Finance and other frontier topics. Previously, Ronit was Global Head of Banks and Fintech Research for Citi.

Ronit is an Advisor to various Governments, Universities, VC investors and tech firms in the UK, UAE and Africa. Prior to joining Citi, he worked at the British Bankers’ Association and was a research assistant in the UK Parliament for a former Prime Minister. He has an undergraduate degree from the University of Oxford & a postgraduate diploma from the University of London.

Gaurav Dhar

Group CEO of Marshal Fintech Partners

Gaurav is a seasoned leader in the FinTech industry and currently serves as the Group CEO of Marshal Fintech Partners in Dubai. He is also a board member of Deem Bank, The Mena Fintech Association and TiE Dubai.

With over 19 years of experience at Marshal, he has established himself as a pioneering force in the development of FinTech ecosystems and solutions. 

By devoting his personal time to working with innovators, he has built an extensive network of relationships with VCs, incubators, accelerators, start-ups, and angel syndicates, both locally and globally.

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