Korede Bakare

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Korede Bakare

Korede Bakare

@withbaks

One of the Avnify brothers building @useavnify

Lagos, Nigeria Katılım Ekim 2020
308 Takip Edilen158 Takipçiler
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Korede Bakare
Korede Bakare@withbaks·
Early users keep calling what @enessy_yy and I are building “Snapchat for finance” 😂 And honestly… it stuck. We’re exploring what happens when finance becomes more social, connected, and easier to understand for the next generation. Building in public - the Avnify brothers
Korede Bakare@withbaks

I’m about to dedicate the next 10 years of my life to this idea… Banking that feels as social as Snapchat. All your finance apps in one place. And finance simple enough for people who don’t “understand finance.” What do you think?

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Abdulhaqq Ibrahim
Abdulhaqq Ibrahim@enessy_yy·
@withbaks and I, deiced to name it Avnify. Avnify is social finance platform that helps GenZs spend, manage and grow their money. it’s hight time we have financial platform for the next generation of work More details coming soon, Avnify brothers…
Abdulhaqq Ibrahim@enessy_yy

Three ideas: Banking that feels as social as Snapchat All your banks in one place Transactions as fast and reliable as OPay Combine them into one product. What would you call it?

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Korede Bakare
Korede Bakare@withbaks·
@saen_dev This has actually been the biggest learning curve for me since exploring this space. The PCI scope and bank partner constraints basically define what’s even possible. And yes, I have actually spent more time dealing with regulatory and compliance todos than actually building 😂
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Korede Bakare
Korede Bakare@withbaks·
Yes, but i think it’s changing. Coding is less about syntax now, and more about thinking, building, and solving problems. The real advantage is becoming “algorithm smart” and understanding systems, products, and users. I think those people who learn that early become dictators of what future tech and AI itself are going to be.
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Fola
Fola@folarinbidemii·
@withbaks Sporty too 😂😂
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Korede Bakare
Korede Bakare@withbaks·
Being a dev and a product guy, I can’t really get over this… Banking apps in Nigeria still feel weirdly basic. “Fast transfers” “Savings with interest” “QR payments” At the system level, things work. Money infrastructure is everywhere: banks, wallets, payment rails…
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Korede Bakare
Korede Bakare@withbaks·
But somehow it all still has to add up to the same 100% income. It’s all connected. Feels like consumer finance should reflect that better. Or am I missing something?
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Korede Bakare
Korede Bakare@withbaks·
It’s usually: Salary entering a bank. Shopping for the month. Night out splitting bills with your guys. Some into investments. Borrowing a friend money. The rest into savings.
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Wale Banks 📊
Wale Banks 📊@iamwalebanks·
You don’t need a big amount to start growing money. You need consistency more than capital. ₦10k 🇳🇬 invested regularly beats waiting for ₦1m that may never come.
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Korede Bakare
Korede Bakare@withbaks·
@lawrenx_ Interesting thread 🫡 Finance just really requires too much “I know what I’m doing” before people can even participate properly. That’s the part I wish consumer finance tools simplified so decisions like this don’t feel like you need to study finance first
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Xen
Xen@lawrenx_·
if i had ₦75M here’s exactly what i’m doing first 20% straight into T-bills. CBN is paying 18-22% right now. that’s ₦250k every month just landing in my account. then 45% into money market funds and REITs. ARM, Stanbic, UPDC. still hitting 18-22% annually and my money is liquid. i can move it anytime last 35% i’m buying Zenith, GTCO, BUA Foods, Seplat on NGX. dividends every quarter plus the stocks are appreciating. NGX has been one of the best performing markets in Africa and people are sleeping on it at the end of the day i’m sitting on ₦700k-900k monthly passively money should work for you before you work for it.
King.sol 🇶🇦@teddi_speaks

My friend made about $75,000 end of last year and decided to build a house and buy a car, the problem now is money isnt flowing in as he thought, now hes stuck with an unfinished building and is at the verge of selling his car to keep things going. My advice for him was to sell the house instead.

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Nems
Nems@fw_nems·
@lawrenx_ How did you get so financially literate especially regarding investing
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Korede Bakare
Korede Bakare@withbaks·
@Akintola_steve One thing I think is underrated in Nigerian startups is that subscription models don’t behave like they do in Western markets. That alone changes how founders think about traction, pricing, and even what’s worth building.
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Akintola Steve
Akintola Steve@Akintola_steve·
This is also why many founders start with Fintech first. Build cash flow. Build stability. Build a network. Build leverage. Then maybe later take bigger risks in harder sectors. Because startup survival in Nigeria is already difficult enough.
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Akintola Steve
Akintola Steve@Akintola_steve·
Technology alone cannot fully solve: Poor healthcare funding, Doctor shortages, Weak insurance systems, Policy inconsistency, Broken infrastructure. Tech can improve systems. Yes. But it cannot magically repair institutional collapse overnight.
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Akintola Steve
Akintola Steve@Akintola_steve·
Learn Finance to build Fintech Learn Healthcare to build HealthTech Learn Commerce to build E-commerce Learn Logistics to build Delivery Tech Learn Education to build EdTech A lot of engineers know how to code. Very few actually understand the industry they’re building for.
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Korede Bakare
Korede Bakare@withbaks·
@Akintola_steve Speaking of fintech, I think beyond bank transfers, consumer finance apps still feel overcomplicated. Like you have to know enough about finance to do finance. I’m just imagining a bank that feels like Snapchat, reliable like Opay, and connects all your accounts in one place
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Akintola Steve
Akintola Steve@Akintola_steve·
I realized something very strange. Most of the really successful Fintech founders in Nigeria didn’t just grow fully within the Nigerian educational system alone. A lot of them had some level of foreign exposure either through education, executive programs, or working closely with international financial systems before building at scale. Look at names like: Flutterwave’s Olugbenga Agboola with MIT Sloan exposure. Paga’s Tayo Oviosu with strong US educational/work background. Mitchell Elegbe of Interswitch whose inspiration reportedly came after exposure to payment systems in Scotland.
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Piyush
Piyush@piyush784066·
Be honest devs, Is coding still worth learning in the AI era?
Piyush tweet media
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Tosin Olugbenga
Tosin Olugbenga@TosinOlugbenga·
Me reviewing the code AI generated for me…
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Neeraj
Neeraj@neerajjj6785·
Interviewer: If HTTPS is encrypted… how does your ISP still know which website you visited?
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Cowrywise
Cowrywise@cowrywise·
Year 1: ₦1.2M invested. Portfolio value: ₦1.4M Year 3: ₦3.6M invested. Portfolio value: ₦5M Year 5: ₦6M invested. Portfolio value: ₦10.2M Year 10: ₦12M invested. Portfolio value: ₦37M Year 15: ₦18M invested. Portfolio value: ₦100M+ You didn't earn your way to ₦100M. Your money did.
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Keşfet

@saen_dev @folarinbidemii @mrreburn_ @lawrenx_ @Akintola_steve @elonmusk @BarackObama @taylorswift13