This episode features Simon Peters, DAO architect and co-founder of Waya Collective. Simon’s vision is to create fair incentive-based networks to replace old, rigid and inefficient systems. He has key experience in crypto startup and impact-driven companies.
Businesses in Africa face a lot of systemic challenges. The traditional financial system in Africa has been structurally disadvantageous to the people of Africa in many different ways. Bad KYC systems, lack of liquidity for businesses leading to huge lending gaps, high interest rates making capital acquisition almost impossible for a lot of people looking to embark on economic activities and a lot more.
Waya Collective aims to solve these issues and more with their novel B2B lending platform. Waya collective is a community based lending platform built on the Cardano blockchain. The platform aims to unleash the economic growth potential of various places in Africa by being a go-to platform for access to capital.
Simon goes deeper into the philosopher of Waya Collective and how loan applications on the platform works. Why on the Cardano blockchain though? Well listen in as Simon explains why and the reason Cardano might be misunderstood.
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Waya Collective | Financing Africa’s Industrial Revolution with Simon Peters