The rise and fall | Mike Quinn

And we had lots of ups and downs, but it was like generally trending up and we hit the hockey stick growth curve probably a year and a half after we closed the Series A investment. At our peak we had scaled to serve, we were actively serving a quarter of Zambia's adult population - so about 2 million monthly active customers. We were processing 60 to 70 million a month in money transfers. We expanded successfully into a second market next door in Malawi and had visions of really going big. And, where the story diverged was the last few years were really tough because, first the macro environment shifted. So we started experiencing big headwinds in the form of currency devaluations, lots of operational challenges on the ground that were linked to the market.

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