Idris M. kabir

Kids got talent 🤣

Ko Dai Ni Da Nake Bahaushe Ta Uwa Da Uba Gayen Nan Ya Fini Iya Magana Da Yarena Da Iya Jera Kalamai Da Sarrafa Harshe Ya Gabatar Da Wa'azi Mai Jan Hankali Cikin Hikima 🥰

African startups should stop defaulting to AWS and Kubernetes. Get a VPS on Hetzner, deploy with Coolify, and start experimenting until you start making money. Oh, and when you do start making money, still stay there!

I have terrible news 💔

Life is not same for everyone

One of my FINTECH experience, read through. Let me share andexperience with a fintech product of mine that I later sold. We’ve implemented logging all admin actions to the system but this is known to me and the engineering manager. Other customer support staff members using the dashboard for customer resolutions and all didn’t know about the logs. So daily or weekly sometimes, we review the log of everyone. Sometimes during payment failures caused by 3rd party payments gateways, we would need to refund people we’ve debited before processing their withdrawals and didn’t get the funds because of the gateway failure. In a normal financial environment like banks, such refunds goes through different approval process sometimes three levels for security purposes. But for some startups, you might not have that luxury of employees, so max you implement is two. So two of our team members teamed up to defraud the startup. They use their friends accounts, add funds to their wallets and approve themselves. And those ones will transfer the money back to their external bank accounts. The first week we noticed, it was 300k thereabout, we didn’t notify them. Then 1 million, then 3 million gone from a startup not even in profit but being sabotaged from within. The day we called them, and showed them everything, we gave them two options instantly; One refund all the money now immediately, if you have spent it call all your friends and family members to send them to you now immediately and we let you go quietly without making noise about it. Or we call the police and disgrace you openly. They were shaking and sweating profusely. We got all the money that day and sacked them immediately. So when I tweet about fintech, it’s from a place of experience. Many fintech startups are loosing money daily and many will not even know.