The CEO of VoguePay, Michael Simeon was a guest on “building the future”, a podcast that features successful founders who are building high-growth business out of Africa.
The host of the podcast, Dr. Dotun Olowoporoku is also the managing partner at Starta, a startup that is making it easier to build, discover and track high growth business opportunities in Africa. Dr. Dotun spent more than 70 minutes chatting with to our CEO on how VoguePay built a multi-million dollar business that never received any funding or grant.
According to our CEO, building a successful company without venture funding begins “when you build something that fits for a purpose.” It was an interesting 70 minutes conversation.
In it, you’ll learn:
- How Michael’s sister influenced his decision to start Voguepay. She owns an e-commerce platform in the UK and wanted a payment platform that could collect payment from Nigeria. She expected Michael to solve the problem. How did he decide to start a business from that?
- How did Michael build his first business while he was still at the university? How successful was the business?
- There were five co-founders who put money in the business every month from their personal pocket. How easy was it to bootstrap? And what does this have to do with Michael’s belief about collective effort?
- Voguepay marketed to developers instead of merchants. What was the reason behind that?
- Why did VoguePay ensure that all their strategies were self-sufficient? And how did they manage it?
- How do you build a multi-million dollar company without raising funds? Michael has some tips
- What is their biggest pain point?
- And more
You may also be interesting in checking out Michael’s interview with Nnmadi Oranye, the author of African First Book “DISRUPTING AFRICA”.
We invite you to learn more about VoguePay here and sign up a free account.