IBN (InvestorBrandNetwork) Announces The Daily Helping Podcast Interview with Tingo Inc. CEO Dozy Mmobuosi

  • Investment
  • 26.01.2022 11:00 am

 IBN (InvestorBrandNetwork), a multifaceted financial news and publishing company for private and public entities, today announces that Dozy Mmobuosi, Founder and CEO of Tingo Inc. (OTCQB: IWBB), a leading agri-fintech company, recently appeared on The Daily Helping Podcast, a series focused on providing food for the brain, knowledge from the experts and tools to win at life.

The broadcast, hosted by Entrepreneur and Philanthropist Dr. Richard Shuster, is available for on-demand listening on The Daily Helping.

During the interview, Mmobuosi discussed his background in business leading up to the founding of Tingo as a way to provide agribusiness owners access to information, financial services and market.

“I started in business at the age of 16, selling used clothes in Lagos. When I got into university at 16, I became a show promoter. That experience connected me with several brands, some of them multinationals where I gained some experience meeting with corporations for sponsorships,” Mmobuosi said. “When I graduated with my first degree in 2001, I went to my father and told him, ‘Entrepreneurship is what I want to do, I do not expect to start looking for any job anywhere.’ We started by doing e-publishing. We also built a social network platform called Naijafans.”

“When the telcos came to Nigeria, I jumped on an opportunity I saw. One of the things that fascinated me was the cost of mobile phones in Nigeria at that time – they were just ridiculously expensive. That was a gap I could feel, so I started sending out cheap mobile devices to Nigeria,” he continued. “What changed my life was when I went to Shenzhen, China. I got there, and I saw how mobile devices were being produced. I went back home to Nigeria and met with my partners at that time, one of them my father, and told them there was a possibility to bring what I saw in Shenzhen into Nigeria. Not full production, but we could at least assemble smartphones.”

“We needed to create a niche market, because we didn’t have the resources to compete with Samsung and Nokia and the big brands at that time. I looked at various sectors and realized that the sector that needed all the help via technology was agribusiness,” Mmobuosi added. “Millions of undocumented agribusiness owners did not have a single bank branch in their village. It was clear that we must bring financial services to the rural communities of Nigeria. The fastest way to deploy services is through technology. We knew that the first thing to do was to make smartphones available to these farmers. We set up assembly lines in Abuja and Lagos. We made sure that each of these devices was preloaded with our mobile wallet, which these farmers would use to do their transactions.”

Throughout the interview, Mmobuosi continued to detail his efforts to improve access to financial services throughout rural Nigeria, as well as Tingo’s growth into an international, publicly listed company.

Learn more by listening to the full interview on The Daily Helping.


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