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RCP #7 Setting the cornerstones of a fintech powerhouse, with Jacques Marco [Axis Pay]
Jacques Marco is the founder and CEO of Axis Pay. The company raised a $8m seed round and is now one of Egypt's fastest-growing fintechs.
Timestamps:
00:00 - In this episode
00:46 - Introduction
01:21 - Lawyer dad and an intuitive grasp of regulations
02:59 - Non-fintech folks building fintechs?!
06:06 - Why building Axis Pay is so hard
07:56 - Founder dilemma: plug into APIs or build everything in-house?
09:57 - Impetus behind building Axis Pay
12:26 - Listening to the market vs. distorting it with VC money
14:49 - Humans' bias towards B2C.
16:34 - Ignoring the noise and competition.
17:13 - The bull case for Egypt (while others are fleeing)
20:54 - Evolution of Egyptian fintech (Fawry, Meeza, Covid, VodafoneCash)24:04 - Untapped opportunities: remittance and credit scoring data
References:
Axis Pay - https://techcrunch.com/2023/05/17/tiger-global-backed-axis-launches-digital-payments-platform-for-egyptian-smes-months-after-its-8-25m-seed/
Fawry - https://www.reuters.com/article/business/egyptian-digital-payments-company-fawry-ipo-oversubscribed-30-times-idUSKCN1UV1ES/
Digital payments in Egypt - https://citvericash.com/the-rapid-evolution-of-digital-payments-in-egypt/
Listen on all platforms:
Youtube - https://www.youtube.com/@TheRallyCapPodcast
Spotify - https://open.spotify.com/show/3vUDH5yEH6pvRkqM1TVaxS
Apple Podcasts - https://podcasts.apple.com/ca/podcast/the-rally-cap-podcast/id1731710244
Where to find Jacques:
Linkedin: https://www.linkedin.com/in/jacquesmarco/
Where to find Kyane:
Linkedin: https://www.linkedin.com/in/kyanekassiri/
Twitter: https://twitter.com/kyanekassiri
Learn more about Rally Cap: https://techcrunch.com/2022/05/05/rali_cap-gets-backing-from-global-vcs-and-launches-30m-fintech-fund-for-emerging-markets/
Check out our Climate Newsletter: https://rallycapclimate.medium.com/
View all episodes
By Kyane KassiriJacques Marco is the founder and CEO of Axis Pay. The company raised a $8m seed round and is now one of Egypt's fastest-growing fintechs.
Timestamps:
00:00 - In this episode
00:46 - Introduction
01:21 - Lawyer dad and an intuitive grasp of regulations
02:59 - Non-fintech folks building fintechs?!
06:06 - Why building Axis Pay is so hard
07:56 - Founder dilemma: plug into APIs or build everything in-house?
09:57 - Impetus behind building Axis Pay
12:26 - Listening to the market vs. distorting it with VC money
14:49 - Humans' bias towards B2C.
16:34 - Ignoring the noise and competition.
17:13 - The bull case for Egypt (while others are fleeing)
20:54 - Evolution of Egyptian fintech (Fawry, Meeza, Covid, VodafoneCash)24:04 - Untapped opportunities: remittance and credit scoring data
References:
Axis Pay - https://techcrunch.com/2023/05/17/tiger-global-backed-axis-launches-digital-payments-platform-for-egyptian-smes-months-after-its-8-25m-seed/
Fawry - https://www.reuters.com/article/business/egyptian-digital-payments-company-fawry-ipo-oversubscribed-30-times-idUSKCN1UV1ES/
Digital payments in Egypt - https://citvericash.com/the-rapid-evolution-of-digital-payments-in-egypt/
Listen on all platforms:
Youtube - https://www.youtube.com/@TheRallyCapPodcast
Spotify - https://open.spotify.com/show/3vUDH5yEH6pvRkqM1TVaxS
Apple Podcasts - https://podcasts.apple.com/ca/podcast/the-rally-cap-podcast/id1731710244
Where to find Jacques:
Linkedin: https://www.linkedin.com/in/jacquesmarco/
Where to find Kyane:
Linkedin: https://www.linkedin.com/in/kyanekassiri/
Twitter: https://twitter.com/kyanekassiri
Learn more about Rally Cap: https://techcrunch.com/2022/05/05/rali_cap-gets-backing-from-global-vcs-and-launches-30m-fintech-fund-for-emerging-markets/
Check out our Climate Newsletter: https://rallycapclimate.medium.com/