In this episode, Richard Armstrong and Jack Richardson are joined by Babs Ogundeyi to explore the founding story of CUDA and its mission to build consumer trust in fintech. Babs shares insights into the challenges of traditional banking and the opportunities within the fintech sector. The discussion highlights Target Global's investment philosophy and their early involvement with CUDA, particularly during the COVID-19 pandemic. The episode delves into the dynamics of investor-founder relationships and explores strategies for operating and growing within the Nigerian market. Concluding with quick-fire questions, Babs offers valuable advice for founders navigating the current capital raising climate.

(0:00) Introduction to the episode and guests Babs Ogundeyi and Dr. Rip Shafer

(1:51) Babs Ogundeyi's background and CUDA's inception

(3:36) Target Global's investment philosophy

(7:17) CUDA's mission and consumer trust building

(12:07) Traditional banking challenges and fintech opportunities

(15:10) Target Global's investment in CUDA and early growth

(24:03) Venture capital pursuits during COVID-19 and fintech challenges

(30:14) Investor-founder relationship dynamics

(31:37) Investing in the Nigerian market and growth strategies

(37:04) Pros and cons of operating in Nigeria

(39:18) Quick fire questions and advice for founders in the current capital raising climate