What does it take to disrupt traditional ways of fighting poverty, delivering aid, and providing healthcare in Africa? Veteran digital health / healthtech entrepreneur Rowena Luk interviews social entrepreneurs, impact investors, and activists on how they went from an idea to demonstrating impact, raising funds, and creating sustainable social enterprises. For anyone looking for a better way to do good, explore the strategies and tools successful innovators are applying to make change that lasts. AidEvolved.com

Throwback: David vs. Goliath with Mike Quinn of Zoona

June 16, 2022

Mike Quinn was co-founder and CEO of one Africa's earliest major financial technology (FinTech) companies, Zoona. He raised over 35 million dollars of international investment for this Zambian startup - before its heartbreaking crash and Mike's exit from the company.

 

In the conversation today, Mike shares how this Canadian engineer first came to Africa as a volunteer with Engineers Without Borders. Through early connections and personal initiative, he then found himself leading a Zambian mobile money company. In just a few years, Mike grew Zoona to a company that served millions of unbanked consumers in Zambia and Malawi. But that all changed when their Series C round of financing fell through at the last minute.

 

This is a classic David vs. Goliath story. Mike and his co-founders were a group of young, ambitious techies who wanted to make life easier for millions of Zambians. To do this, this small company needed to go head-to-head with billion-dollar international phone companies.

 

The craziest part? They almost won.

 

All of this and more is covered in Mike's book, Failing to Win, available worldwide through Amazon.

You can also access the show notes at https://AidEvolved.com or connect with us on Twitter @AidEvolved.