Credit for African creators, with Chinedu Enekwe (Nandi Labs)

How to Lend Money to Strangers

Brendan le Grange

Credit, Fintech, Management, Lending, Banking, Business, Careers

5 • 2.6K Ratings

🗓️ 29 June 2023

⏱️ 31 minutes

🔗️ Recording | iTunes | RSS

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Summary

“So eventually we raised capital, left our previous platforms, and built this place where the black community around the world could feel like they belong, where their dreams can be financed, from innovation to stories. If they create content, we'll help finance it, we’ll help them grow. And that's the platform that we built.”

Chinedu Enekwe was a fine example of the American Dream: the son of Nigerian immigrants who became a lawyer and then an investment banker. But then he surprised his parents by following an opportunity that took him back to Lagos where the venture-building bug bit. Chinedu has been growing businesses in Africa and America ever since.

In today’s episode, I speak to him about one of those, Nandi Labs, and about how and why he is helping Africa’s premier creators access fair and efficient financing.

Nandi Labs are at https://nandimarket.com/ and on LinkedIn at https://www.linkedin.com/company/nandilabs/

You can also find them on Twitter at https://twitter.com/nandimarket

Passbook Ventures is at https://withkoji.com/@Passbook and https://www.linkedin.com/company/passbookvc/

Or if you prefer your interactions more human in nature, reach out to Chinedu directly on LinkedIn (and tell him you found him here)

You can learn more about myself, Brendan le Grange, on my LinkedIn page (feel free to connect), my action-adventure novels are on Amazon, some versions even for free, and my work with ConfirmU and our gamified psychometric scores is at https://confirmu.com/ and on episode 24 of this very show https://www.howtolendmoneytostrangers.show/episodes/episode-24

If you have any feedback, questions, or if you would like to participate in the show, please feel free to reach out to me via the contact page on this site.

Regards, Brendan

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Transcript

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0:00.0	One thing that I would say about Nigeria in Africa in general is there's really no glass
0:05.5	ceiling for people of color there.
0:08.0	You can rise to the very top.
0:09.8	You can do just about anything you want, but there's no floor.
0:13.6	Right?
0:14.6	So we can get really, get really dicey very quickly.
0:21.4	When I was at university, some friends and I played in a casual indoor football league.
0:26.4	And since we were too lazy to get better as players, we concentrated our preseason efforts
0:31.9	on choosing nicknames.
0:33.5	But of course, choosing your own nickname is lame.
0:36.5	So what we did was write down a few unconnected words and phrases, put them in a hat, draw
0:42.7	them at random, and then have them printed on the backs of our shirts.
0:46.7	The interesting thing though is that as soon as we had done that, people started to create
0:51.6	their own backstories.
0:53.2	Brian, suitcase, Sair was tormented by the crowd for being excess baggage.
0:59.0	Sean, T-Pot, Ulifier was assumed to have been named using the same reverse logic that
1:04.8	might lead your 7 foot tall mate to being called tiny, or as a subtle dig to his older brother
1:10.6	who was a bit more shortened start.
1:13.4	And I was skills because the only way I could bring any onto the field was on the back of
1:18.0	my shirt.
1:19.0	Anyway, I bring this up because I forgot to ask Chinatoo in Equare.
1:23.3	Today's guest about the inspiration behind the name Nundi Labs.
	...

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