Yele Bademosi is a founder, investor, and creative thinker at the intersection of culture, capital, and clarity. He’s the Co-creator and CEO of Onboard. He reveals the untold truth behind losing $3.9 million overnight in the FTX collapse and how that moment transformed his relationship with money, purpose, and freedom.
A former medical student turned tech founder and investor, Yele has built some of Africa’s most influential startups, including Bundle (incubated within Binance). But after reaching the height of startup success, everything came crashing down.
In this deeply personal conversation, Yele shares lessons on resilience, rebuilding from zero, and why he believes private credit, not crypto, is Africa’s biggest untapped opportunity. He also discusses the future of the creator economy, the importance of financial sovereignty, and how Africa’s next billion-dollar companies will be built by creators, not corporations.
He explains:
- Why he walked away from medicine to pursue freedom
- How losing everything in FTX changed his definition of wealth
- The truth about Africa’s credit gap and economic opportunity
- What “potential capital” really means and how to find yours
- Why creators are Africa’s next economic revolution
Key Themes
The Future of Credit in Africa
Surviving the FTX Collapse
Rebuilding Purpose & Identity
The Creator Economy as Africa’s Next Wave
Financial Freedom, Integrity & the Pursuit of Happiness
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This episode is sponsored by Inverroche Gin, South Africa’s premium craft gin that fuses heritage botanicals with innovation.
Discover more: https://www.inverroche
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Chika — https://www.linkedin.com/in/chikauwazie/
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00:00 - The Biggest Opportunity in Africa: Private Credit
01:09 - Introduction: What's the Biggest Opportunity in Africa?
03:12 - Why Credit is Africa's Missing Infrastructure
05:06 - South Africa's Credit System vs Rest of Africa
06:28 - Who Was Yele Before Bundle & Nestcoin?
07:55 - Growing Up in Ibadan: Early Entrepreneurial Roots
10:20 - Moving to UK at 14: The Internet Opens New Worlds
12:18 - The Medical School Journey & Father's Blessing
14:12 - "Opting Out" of Medical School
16:55 - Writing the Letter to Mom: Pursuit of Freedom
18:37 - Afropolitan Toast: To African Creativity & Legacy
20:25 - Life Lessons from Parents: Excellence & Integrity
22:24 - Losing Dad: The Impact 15 Years Later
26:04 - Five Types of Wealth: Transforming Priorities
28:05 - Moving to London: Being Closer to Family
30:13 - Financial Sovereignty & Why Crypto Matters
32:38 - Building Digital Infrastructure for Africa
35:02 - The Bundle Story: Right Place, Right Time
38:15 - Leaving Binance to Build Nestcoin
40:22 - Raising the Largest African Crypto Seed Round
44:58 - The FTX Collapse: November 11, 2022
48:51 - Surviving the Crisis: Resilience & Recovery
52:13 - 18 Months of Uncertainty: Getting 95% Back
56:43 - Learning to Forgive Yourself
58:27 - Personal Funds Lost in FTX
01:01:32 - Redefining Wealth: Potential Capital
01:06:34 - Afropolitan's Journey: The Million Dollar Prophecy
01:09:28 - Why Afropolitan Will Succeed: Culture Connectors
01:16:51 - The Creator Economy Thesis: Distribution is Queen
01:19:19 - From BET for Africa to Creator Infrastructure
01:23:29 - The Cost of Creation is Dropping: Distribution Wins
01:27:47 - Leading Through Pivots: Vision Evolution
01:32:09 - African Creators to Watch
01:36:05 - Three Systems Creators Need: Banking, Credit, Management
01:40:06 - Onboard: Freedom to Transact Globally
01:42:26 - Stablecoins: The New Financial Infrastructure
01:46:53 - Rapid Fire: Lagos vs London
01:48:28 - Favorite Nigerian Food: Ofada Rice at Mega Chicken
01:51:51 - Who Should Be on Afropolitan Podcast