How I made R3 800 000 in 1 minute
Ola Oyetayo knows how to recognise an opportunity and seize it with both hands. Coupled with his willingness to learn and build relationships, the ability to take opportunities has led to his cross-border payments company, Verto, scaling to a point where it is handling transactions amounting to around $6-billion per year, with over 3 000 customers worldwide.
In this Business Unusual Podcast, Ola tells Ralf what it takes to scale a business, what South Africa can learn from the Nigerian and Kenyan markets, the potential the continent holds and the intricacies of cross-border payments.
Key takeaways to listen out for in this podcast:
- Scaling your business has three catalysts: Relationships, open-mindedness and leverage
- “No-one is going to give you anything unless you go out and take it but, once you take it, you need to know what you’re doing”
- Being an outsider gives the advantage of a different perspective
- Storytelling is a key part of attracting investors
- The opportunities for entrepreneurs in Africa are endless
- Africa’s technological development is marked by leapfrogging legacy technology
- Simplified cross-border payments will stimulate intra-Africa trade
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