Tarek Mouganie PhD | Founder | Affinity | a full-fledged digitally driven bank |

Tarek Mouganie PhD | Founder | Affinity | a full-fledged digitally driven bank |

• Tarek Mouganie is passionate about entrepreneurship and the creative industries as a way of supporting social and economic development. 
• He is on the board of 1-54, the largest African contemporary art fair and Greene Light Stage (Old Vic Productions) in London.

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Affinity has built a tech platform for both digital natives and low-fidelity users, enabling 24/7 banking services to all individuals and MSMEs at a low cost. 

 00:31- About Tarek Mouganie and his journey.

• Tarek Mouganie is passionate about entrepreneurship and the creative industries as a way of supporting social and economic development. 
• He is on the board of 1-54, the largest African contemporary art fair and Greene Light Stage (Old Vic Productions) in London.
• Tarek is also the creator of Front/Back, a social venture that nurtures and promotes music and art from Africa and its diaspora. 
• He is the co-founder and former CEO of the Ghana Triathlon Federation and was the Honorary Consul of Cape Verde in Ghana, nominated by Mo Ibrahim Prize Laureate, HE Pedro Pires. 
• Tarek was a Director at Man Group (GLG Partners) and began his career as an academic at the University of Cambridge where he obtained his PhD.

02:51- About Affinity.

• Affinity is a full-fledged digitally-driven financial institution that provides banking products to the underserved and unbanked. 
• We have built a proprietary tech platform for both digital natives and low-fidelity users, enabling us to provide 24/7 banking services at a low cost.
• Affinity began operations after acquiring a microfinance business in Ghana in February 2020 then receiving its license upgrade from the Bank of Ghana in March 2022, the first grant of its category in almost a decade.

10:30- Which of the goals are you working on through Affinity?

• Gender- Women need physical touchpoints to bank. They don’t take risks. 90% of clients of digital-only financial institutions were men.  
• No poverty- there are huge ripple effects while supporting small business and micro enterprises. 
• Decent work conditions
• Providing social inclusion in employment
• Reducing inequality and economic 

22:53- Do you see Ghana & Africa moving towards a cashless economy?

• Cash is expensive. 
• It creates fraud. 
• The bricks and mortar element has reduced. 
• It improves operational costs. 

23:50- Lessons from the conversation.

• Define your values and understand your leadership skills. 
• It is important to carry your people along the journey and talk about what you stand for.
• Listen, be agile and understand how to learn and speak to people. This means maybe getting older management. 

RESOURCES:

You can connect with Tarek Mouganie| on LinkedIn

Visit: https://affinityafrica.com/  

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• Tarek Mouganie is passionate about entrepreneurship and the creative industries as a way of supporting social and economic development. 
• He is on the board of 1-54, the largest African contemporary art fair and Greene Light Stage (Old Vic Productions) in London.
• Tarek is also the creator of Front/Back, a social venture that nurtures and promotes music and art from Africa and its diaspora. 
• He is the co-founder and former CEO of the Ghana Triathlon Federation and was the Honorary Consul of Cape Verde in Ghana, nominated by Mo Ibrahim Prize Laureate, HE Pedro Pires. 
• Tarek was a Director at Man Group (GLG Partners) and began his career as an academic at the University of Cambridge where he obtained his PhD.