WEBVTT

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Hello, Hello, Hey, how
are you doing? How you folks are

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welcome to another space with me,
carlu Aja. This is our money space

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every Sunday, which I do with
eight pm West African time. And here

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we're of course talking money, finances
and of course the economy. We want

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to make it personal. So how
do the money talk end of the day

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affect your wallet? This week,
We've got guests in the house from Clever.

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I just learned about Clever and I'm
super super excited to hear what they

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have to tell us today. Clever. I've literally get them to on mute

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introduce themselves that we told you then, I don't forget it's just my own

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background. How we go to them
about Clever and how I think what they're

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doing is just fantastic. So tolu
on mute, go ahead, introduce yourself.

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And I've got Philip as well.
Let's get you guys to produce yourself

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and then we'll take it from there. Awesome, thank you. I hope

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everybody can. I can hear you
a looting player, go ahead, awesome,

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awesome, Hi everyone on this Sunday. My name is A Labi.

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I'm a co founder of Clever Banking, I'll pass it over to Hello every

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Hello, Hello, Hello everyone.
This is Philippe Adama or the City of

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Clever Banking and co founder to Do
as Well, also Nigeria. All right,

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guys, welcome to the space.
Right. So, like I said

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me personally, right, I wrote
a book and I wanted to get folks

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to do the editalu tricity, what
to do the proof read of my manuscripts.

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So I went on Fiver and I
tried to get like the gig,

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those guys that do the gig CONDI
me to basically come and read my book

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and I'll pay them. Right,
someone from Nigeria hopped onto the into Fiver

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and grabbed the book and we talked
and I did pay, but I sort

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of like to talk to her.
How do you get this money that I'm

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gonna pay you? Oh, I'm
using an account of so so and so,

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so when they get it, they're
gonna give it to me. I

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live in Nigeria completely. This is
just my way of making money in Nigeria.

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So essentially, she was in a
gig economy, right, and she

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had a profile out there. But
when she gets the money, it's a

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long process to go from five to
someone to her long process. I work

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with a lot of folks back home
in Nigeria. They work in Nigeria,

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they don't do jobs offshore like they
do programming or whatsoever, and they get

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paid same thing. They raither check
to them, or they are doing crypto,

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or they are doing pay me this
way, pay that way. I

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think Clever has hit on something something
unique where they are basically open up account

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for you. You can be in
Nigeria and have an account offshore, allowing

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you to then get those revenue use
that you would have legally right thrue an

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account. I think it's basically clever, clever, clever, So I didn't

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want to do to just walk us
through too. Let's start with just what

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is clever? What are you guys
doing. Let's tart from the history alls

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yes, yes, So with clever
right, we enable people based in Nigeria

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to be able to open a US
based bank account so that they can receive

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payments for their service for the work
that they've provided to a customer abroad.

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And the reason for this is literally
what you just described how the right is.

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We see a lot of a lot
of young people who are going into

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who are exporting their skills going into
the big economy, right, and they're

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providing services to companies or even know
that individuals are broad But when it comes

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time for them to now get paid
for all this hard work that we've done,

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it's not a problem. Right.
People that maybe retten out to their

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friend or please help me receive these
payments in your people accounts and their friends

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depayments. Now with story, they
don't receive dependent from the friend. They

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need take one month the friend shots
them this that happens, right. So

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that's where we've been looking online to
learn more about this problem, understand what

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the gaps are, and that's what
we decided, Hey, we can actually

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find a way to solve this problem
by providing this offshore account so that people

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have their empowered to have their own
sources of receiving this payment from their customers.

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So all you have to do is
after you open a Clever accounts,

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you tell your customer, hey,
this is the account number, this is

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the RAPT number with the US these
accounts. If you're based in the US,

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just send me a regular US to
US transfer right, which is cheap.

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It's not even that expensive and it's
pretty fast. And even if your

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customer is not even in the US. Let's say they're in London, you

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can still give them the same US
accounts and they can still send your money

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from London, from Canada and for
other contents across the world as well.

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Some of our customers do this today
as well. So essentially, right,

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like the CrOx of Clever is to
enable people receive US dollar payments from anywhere

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in the world into their accounts.
That's Indian day, right, and that's

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why that's that's the first step for
us. But eventually we want to go

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beyond even just receiving USD to now
I've received this US detements into my Clever

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accounts, well, not naturally,
I probably want to do a bunch of

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things with it. I probably want
to maybe combat some of it to the

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R so I can pre pay my
bills. Maybe I want to put some

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of my US the cards so I
can't pay for Netflix. Right, How

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can I do all of this within
Clever instead of sticking together five different platforms.

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That's also part of the world viewing
to make Clever this for lin stip

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banking platform for you to be able
to get kid but also manage your money

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over time. Gotcha? So that's
a great introduction. I mean, you

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link that story really perfect. I
love it. Quick question for you,

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is it only usn't with Philippines?
Coppy? Is it only US? You

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can they account have been based in
the US, but I can sembon it

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from anywhere in the world to that
US account one hundred percent. The account

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right now is based in the US. It's a US account. However,

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can you save money from anywhere?
So this account has an account number.

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It also has a Swift code,
so I can give somebody the Swift code.

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And like I said that our customers
are doing this today by somebody in

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France, I can't give them the
accout number the Swift code. Maybe you've

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done a jump for this person.
The person can go to their bank app

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and they can send me the money
that they need to pay you right into

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this my clever account. Got cha. For those who don't know Swift,

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it's just international transfers. We're going
to ceremony across the border US. Your

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Swift code. So that's also what
tool is talking about. Philip hop writing

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in here, how has it been
really give you a story to give you

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them some numbers or whatever? What's
the story? So far from when you

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guys started till now what can we
keep? What are guys doing? Yes,

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So between when we launched we launched
in August this year, specifically around

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the middle of August, and between
August and October, we got about thousands

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of users that have signed up on
the platform, a percentage of them that

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I've been actively receiving money from their
clients. We've had people who've provided very

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solid feedback about how Clever has saved
their business from the perspective of, oh,

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I've done all these wonderful things for
my clients abroad, but they're tired

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of going through hoops to send me
money now that I have a Clever account

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that can easily pay me without issues. So that's been very very great getting

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an account of very solid and positive
feedback from the customers who are serving today.

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And I had I had to say
it's go ahead to listen. Is

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in my name? So the account
is in my name, not Clever's name,

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right, It's in my name exactly. So if Usman Mohammed creates a

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Clever account and gets a dollar accounts, the name that they will see is

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Usman Muhammed exactly. So yeah,
So on the things, the list of

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things that we have planned. We're
like super excited to be in this place

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because Tolu and I have significant experience. She used to work at Stripe or

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the Proper Manager. I will have
been a software engineer for like forever at

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like some big companies like Amazon Web
Services and whatnot. So we have the

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experience and the drive to really build
to be very customer obsessed that really really

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build solid features. For example,
we have USD accounts today that we launched

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in August. We are actively working
on launching our cards products that's coming very

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very soon. We have you know, savings and investments like planned as on

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the roadmap, a bunch of other
interesting things that are coming interesting. So

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two Nigerians solving a unique Nigerian problem
that you cannot get an account, you

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cannot get payments to Nigeria. I
mean, who hasn't had this problem before?

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I go abroad. You can sell
way to South Africa and give it

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just my own book, right,
I wrote a book, I went to

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Amazon's published in Amazon. I can
sell my book in South Africa, in

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Egypt, I believe in Kenya I
can sell to Nigeria. Why because there's

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just no payment network for Amazon in
Nigeria. Same thing with pay with paper,

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lots of apps. You're Nigerian,
you can't pacicipate just Nigeria. Yeah,

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I know, and so I like
when I see Nigeria solving our own

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problems in the right way. So
this question don't be for us. You

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on to the web, wants just
popping? How does this work? Just

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walk me through, Calu, What
do I need to get a Clever account?

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How does it work? Okay,
so right now we don't need to

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have a mobile app, but that's
actually in the worst and we'll be launchestone.

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So what you would do is you
will go to get clever dot com.

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Once you go to our website,
you can read a little bit about

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you know, what we offer and
our various products. Then you can click

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the get started button. There's this
very you know, shiny gold button looking

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at you and you can click that
to get started. When you click that

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button, then you can now sign
up. All you have to do at

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that point in time is put your
name, your phone number, you know,

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just very very many passwords, and
then you get very minimal information.

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Then you create the accounts, you
verify your email. It's all like standard

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accounts opening stuff. And then once
you get access to the golpage, now

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you need to do KYC, which
is very critical of course, before you

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can get this USD account. YC
process. We try not to make it

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too cumbersome where we ask you for
so many documents, your your parents,

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better certificates, and then we tell
you would take three months. We try

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not to do all of that,
but we do require BBN. We require

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VVN as you know, like that's
a standard requirement from the Central Bank of

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Nigeria. So we require you to
have your BBN, and we require that

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your bv and actually passes verification because
you know there's some you need to make

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sure that you know people are not
using other people's bbns and all that,

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so we require a BBN. We
also require your ID, so not just

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that your BBM passes, but we
also need you to upload an ID could

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even be n I N we passport
botas car, driver's license, whichever one

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you have upload Now once we once
we go through that and we verify you,

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you can which usually happens within a
day. You can then go click

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one button, open your USD account. You get your account number, you're

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out in number, you can start
sharing that with your clients and start receiving

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payments. Do I see my balance
like a normal bank account, I can

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see my if I log it.
Can I see my balances in that bank

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account? Can I transfer from that
bank account to say what spark go back

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America? What can I do with
that bank account? On the ass so

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you can see your balance. As
soon as you open your account, you

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will see your balance is zero.
Once you receive money, you will get

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an email that you've received the USC
deposit and then you log in and you

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will see your balance as updated.
Now in terms of what can I do

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with this money as of today today
today, you can transfer this money to

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any Nigerian account, so you can
in the in the app, you can

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set up okay, I want to
transfer money to my access bank or like

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sometimes I do, I want to
send money to my mom's FCMB accounts.

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You can do that too, and
then you can transfer money to this person

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and it gets delivered within minutes.
You mentioned something about can I transfer to

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some bank of America? Yeah?
Told us from them back to the bank.

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Yeah, So for now you can
transfer to a US to a non

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Nigerian bank. For now, you
can only transfer to an Egerian bank.

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Oh okay, yeah, so for
now you can only transfer to between nights

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from your Clever account to a Nigerian
bank. But we are looking at supporting

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the ability for you to transfer across
the world to other US banks or given

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other banks in the world as well. That's something that will come some very

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soon in someone's time. But what
gets tonight you is it dollars for Nira?

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What do I enjoy night you?
So for now it's Nearra. So

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if you're sending money to someone's Access
bank, we will just show you an

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exchange rate as well, and we
try to offer very competitive exchange rates,

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so we'll show you the exchange rates
and then you can just withdraw in Narra

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to that account. Very soon.
Would also enable you to be able to

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be draw to with dorma accounts,
in which case to the USD you are

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withdrawing to these dorma accounts. We
know some of our customers would like that

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if asked for it, so that
will come soon as well. Okay,

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And this is this is just America
to night. You are not in the

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nature to America yet, not yet
exactly. So it's America USD to nearra

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not yet the other direction, yes, but that's also on the world map.

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Yes, gotcha. I just want
to ask it about talk about Microsoft.

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What about the data security and all
this? If I give you guys

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all my information, how safe are
you guys? More or less? Thank

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you very much for raising this,
colum In fact, this is where this

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is one of our bread and butter
in terms of like when as a brand

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about I mean, it's right off
our expertise. Ali, I worked at

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ALBS, like I said before,
and so data protection is something we take

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very very seriously as of today.
Once data is provided by customers, we

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follow best practices to like encrypt data
so in the events of any kind of

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disas style or something, nobody's data
will be exposed. Besides that too,

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since we start these things in encrypted
format even within the organization, with structured

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things in such a way that people
don't have unverified access to things. And

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so security and data protection is something
we've thought about from you want and we're

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taking very serious on an ongoing basis. And I just just wanted to quickly

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add. Let me just hype up
my my co founder a little bit.

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We're not hype bophimself so a lot
of intext maybe all a lot of FinTechs

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use a WS. Okay, I
want to see WS. What is such

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as Amazon talk about a WS.
Just give us a breathup understanding the you

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know why you mentioned a WS,
so and it's Amazon Web Services, it's

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a cloud. I can will let
Philip go into the details of this,

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but Philip, we can tell you
about a WS. But what I wanted

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to say real quick was that a
lot of a lot of FinTechs use a

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WS to host you know, your
services and what they're building. So we

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also use a WS. But not
only do we use a WS, but

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we have Philip who actually work and
build some things within a w S,

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which you don't really have in many
many FinTechs. Right, So it's not

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just so take this a WS,
then I'm going and use it to build

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stuff. But like we need to
have even lower level understanding of this,

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which we're very fortunate to have from
Philip's expertise at in WS. So that's

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something that we continue to enjoy as
clever, which helps us build the very

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very robust system. So a WS
in and out of we's we've got strip,

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We've got one Stripe, what the
WS type team solving a Nigeria problem

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for Nigeria's I love it, Philip, jump back in there. Yes,

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thank you so for the question about
what WIS starts for that. Amazon Web

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Services and for those who do not
know, this is pretty much the world's

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largest and leading cloud service provider and
what that means is that Amazon serves a

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lot of businesses around the world by
providing them tools that make it easy for

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them to build software, run software, deploy software that serves millions of customers

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without managing the infrastructure to themselves.
So my experience at it WS. In

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fact, we're going to be talking
about how people position themselves for global opportunities,

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right So, me being in Nigerian
and having had this experience where I

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built software from scratch within IT a
viewers that's been launched and serving customers has

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definitely put Clever in a position where
you know, we can really tap into

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that experience and build something that's secure
and that sales that skills very well and

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customers very well. I love that
last question. Guys. Of course,

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guys, you want to speak your
history quest for the MIC, I'll give

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it to you. Dms are also
open But my last question on my own

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just understand this most what about taxation? If I get a US accounts and

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I give one of my US accounts, I get that ten ninety nine whatever

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in the US. What of all
of taxes do I pay? Is any

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tax Niger? Do you guys know
about it? I don't have to.

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I don't give ask me advice,
but word in about taxes regards this.

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Yeah, yeah, I mean it's
a it's a good question. So the

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accounts that we offer at this point
in time, it doesn't have any tax

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implications to our customers. Yeah,
so you can receive payment people also,

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it's been payments for different things,
is right, But the payments you are

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receiving doesn't have any tax implications for
you to receive the payments. However,

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I'm not I'm also not like people
get to going to talk to their tax

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Let's say, for example, you're
a remote worker. You are hired by

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company X in that based in the
US as a contract. Okay, now

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you have a contract with this company
X. That's that's outside of clever,

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but yours isn't clever to receive your
payments. And now from the clever stand

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points, there's no taxes there.
However, because you're a contractor based in

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Nigeria receiving payment from abroad based on
Nina Ningeria laws, we're supposed to pay

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some taxes, right, so that
one is like a separate tax that you

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just it's just in come taxes.
You need to figure out as someone who's

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earning money, whether you're getting paid
in error, you're getting paid in USD.

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You need to figure out your taxes
independent of Clever. We we are

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just this Nedle person facilitating the ability
for you to receive your payments. And

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in each case there's no there's no
tax, there's no additional tax. All

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right, perfect, perfect, all
right, let me go to DS.

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I've got Leslie. Leslie, thank
you so much for joining in. Leslie,

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just go ahead. Yeah, you've
heard about Clever. I think it's

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very unique. What do you think
I think? First, let me commend

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to put them Philip and to it's
quite challenging to see people trying to walk

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together. And yeah, so this
team, I don't know talk the founders.

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It's a little question for you.
Yeah, so yeah, maybe let's

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so it's me and Philip as co
founders. We are the only two founders

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However, we have a very grateful
for our team. We have a team

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of engineers about maybe eight nine.
We have a marketing team, we have

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compliance right like this kind of a
product is not it's not easy. Only

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are feeling towards us that now the
whole thing from found that perspective. It's

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me and Philip and maybe we want
to even a little bit about how we

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met. So I've not feel it
for more than ten years now. Yeah,

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my brother have been pretty much bestings. So I've moved him through my

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brother and me. My brother and
Philip were very fortunate to go through this

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program sponsored by the US Embassy in
Nigeria and Abuja, where you apply to

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colleges in the US you get a
scholarship and so on. So three of

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us, me and my brother Philip, we went through this program. We

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got scholarships to the US physipal states. Now, but he came all the

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way from I don't know. I'm
small town in m t M. It's

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one of the if not the best. Yeah, yeah, I'm always here.

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I've always here to High Phili.
I'm always here to High Philm.

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But yes, yes, we've known
it that for a while. So my

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mom knows Philip, you know,
its famili those me. So we've been

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working on Clever since much Actually,
I think Philip mentioned we launched in August,

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but we've been working on this is
match. You know. We did

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a lot of research together, even
tried something, try different things, and

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then got us to the point where
were like hired people are the team and

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now are the point where we launched. We have some customers, but when

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we know that when I was parting
the surface, we want Philip and I

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want to be on this journey together
for a long time. So that's a

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good work. I love it.
I love that love I love I love

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that. I love that. You
know why at this person, you know

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you can't good team is just one
for the product. Yeah, so when

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you have a team, that's understand
because I've been at our space. You

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know my experience about ten years past. We built something similar, but it

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it clashed along the way because the
team was not you know, the best

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of it kind that we're expecting.
So if you have a team that all

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of you have got to the point
of understanding each other, knowing each other

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very well, and your strength,
you can compliment yourself and build something good

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I've stayed in Europe. When when
I was staying in Madrid for a while,

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00:20:49.200 --> 00:20:52.880
I know it was quite difficult to
do transaction unless you go through the

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route of Western Union money transfer.
And then if you now have something of

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this kind, that part of the
unique value position should be taking advantage of

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00:21:04.799 --> 00:21:10.799
the dumb side. If the if
payment can be received this side and it's

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dollar piece, you have more actual
traffic as much as possible than you can

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00:21:15.440 --> 00:21:19.480
even be thinking of with the Onnira. You know, because now you exchange

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00:21:19.559 --> 00:21:22.599
rate, the is changer ate to
give it as long as it's not the

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00:21:22.880 --> 00:21:27.759
broody change the bookie, you know, the changer rate, I doubt if

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00:21:27.759 --> 00:21:32.200
it would be highly competitive at all. You would prefer to get that is

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generate on the streets. That's that's
that's where the path is. So think

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00:21:36.480 --> 00:21:40.279
of that area. And for what
for me, what you're doing is a

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00:21:40.319 --> 00:21:45.799
good one. I think takes space
is not staturated. We've not even scratched

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00:21:45.160 --> 00:21:49.440
enough of this space. So what
you're doing right now is something I quite

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00:21:49.480 --> 00:21:53.400
appreciate and I want to do the
best lovely. I love that, Leslie.

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00:21:53.519 --> 00:21:56.079
That's the test one. That's all
the question for you from the DM

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00:21:56.160 --> 00:22:00.400
somebody just as we don't have asked
you before, but they're just again,

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00:22:00.680 --> 00:22:03.559
So what is asking? Do you
help the as open account in night you?

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00:22:04.400 --> 00:22:07.920
Do you do that the other way? Those soone's ask also make sure

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00:22:07.920 --> 00:22:11.119
I get that clear for you.
So is it that somebody is based in

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THESP they want to open an account? Correct? Don't open an account in

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00:22:15.000 --> 00:22:21.119
night you okay, not yet?
Yes, but very soon yeah, not

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00:22:21.319 --> 00:22:23.960
yet right right now you only have
us the account. Very soon we're launching

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00:22:25.000 --> 00:22:27.160
our energy and account so you can
be based on anywhere in the world and

328
00:22:27.240 --> 00:22:32.799
you can open it a NEARRA bank
account very soon. Excellent, Okay,

329
00:22:32.880 --> 00:22:37.119
I've got in lawyer in Manuel,
please go ahead, sir. All right,

330
00:22:37.200 --> 00:22:41.880
good evening. Thank you so much
for this, for this opportunity.

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00:22:41.000 --> 00:22:47.920
And let me start by commending this
before I did. I know Colors over

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00:22:48.000 --> 00:22:52.559
and time again commended you guys.
But this is really a bit for day,

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00:22:53.119 --> 00:22:57.599
particularly for the engineers. So my
question is very strict. I'm not

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concerned about not being able to transfer
dollars from the Clever account to doom sceniary

335
00:23:04.680 --> 00:23:10.680
account. I think the last packer
I spoke about it also, and I

336
00:23:10.759 --> 00:23:15.359
think it's extremely extremely important to be
able to transfer directly dollars from your clever

337
00:23:15.400 --> 00:23:22.839
account to your clearer account. I
think also that to mentioned that that would

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00:23:22.839 --> 00:23:26.599
be up very soonable if I can
ask that is there timeline to when that

339
00:23:26.640 --> 00:23:30.960
will be available? Thank you so
much? Good questions? Yeah, yeah,

340
00:23:32.039 --> 00:23:34.440
thanks for that, Thanks for that. Do you want to just I

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00:23:34.680 --> 00:23:37.240
already know that this is a need
right, well, can you just say

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00:23:37.319 --> 00:23:41.039
a little bit more on why why
would you like to transformerly to your divisionary

343
00:23:41.079 --> 00:23:48.160
account? You know, just for
our own learning as well well? Asking

344
00:23:48.240 --> 00:23:49.920
why do you want the dollars more
or lest if you can get the naira

345
00:23:51.079 --> 00:23:53.559
in the exchange rate, why do
you want the dollars list? Maybe that's

346
00:23:53.599 --> 00:24:00.799
me all right, all right,
I'm going to answer this this question like

347
00:24:00.920 --> 00:24:03.160
last peak I said, ah,
so I can't. I don't know his

348
00:24:03.559 --> 00:24:08.559
name quite well, I'm not sure
if they if the rates it's going to

349
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be competitively enough. Thereates that,
okay, that you get the offering,

350
00:24:15.519 --> 00:24:22.839
so so that's why you say that, okay. And also making payments this

351
00:24:22.039 --> 00:24:27.039
this I'm not so sure the clever
accounts have cards yet, so making payments

352
00:24:27.119 --> 00:24:33.599
is this international payments? I've been
a benefications. Well, I've had to

353
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make different payments for various international exams
coofes and making payments usually you can't do

354
00:24:40.480 --> 00:24:44.559
your cards, so you have to
use your dollar cards and stuff like that.

355
00:24:44.720 --> 00:24:48.079
So it's is it movements from those
accounts than your air accounts, So

356
00:24:48.160 --> 00:24:52.200
you want to get dollars into those
where account So I think you get my

357
00:24:52.359 --> 00:24:59.400
coming from I'm not becompetitively enough.
Thank you. So that's just my opinion.

358
00:25:00.160 --> 00:25:02.759
Thank you for those two points.
This is why I like going a

359
00:25:02.799 --> 00:25:06.519
little bit deep into understanding you know, the motivation for this question. So

360
00:25:07.200 --> 00:25:08.759
the first point, or let's start
with the second point on you know,

361
00:25:08.880 --> 00:25:11.839
you want to actually use this US
dollars that's in your accounts to be able

362
00:25:11.880 --> 00:25:15.079
to pay for stuff online. Take
card. So we're going to be launching

363
00:25:15.119 --> 00:25:18.519
our cards soon. This one is
in a matter of weeks. We'll just

364
00:25:18.599 --> 00:25:22.759
actually, in fact, right now
it's life to only a subset of customers.

365
00:25:22.839 --> 00:25:26.559
We're just doing wrapping up our peresting. So once you have your usd

366
00:25:26.640 --> 00:25:29.440
card or clever, you can top
of the card and you can pay for

367
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stuff. To the second point of
okay, exchange rates, is it going

368
00:25:32.680 --> 00:25:34.440
to say bank rates. Is it
this rates right? We try to offer

369
00:25:34.680 --> 00:25:40.079
very competitive rates that is not bank
raads right, So it's very similar to

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00:25:40.359 --> 00:25:44.960
the mark to the market rates.
So that's what we offer, and we

371
00:25:45.119 --> 00:25:48.119
understand that it's possible that some customers. But I still want to send money

372
00:25:48.119 --> 00:25:49.559
to your dorm account, which is
why we still have it on our road

373
00:25:49.640 --> 00:25:52.960
map that we want to get to
this. You're asked about when exactly.

374
00:25:53.640 --> 00:25:57.000
I'm not able to share specific like
dates or months for this one, but

375
00:25:57.200 --> 00:26:02.039
I will tell you like two to
the end of Q one to like that

376
00:26:02.200 --> 00:26:04.279
kind of match maybe, But again
I don't want to like com it to

377
00:26:04.359 --> 00:26:07.799
that sense. You know, this
depends on a bunch of technical and engineering

378
00:26:08.599 --> 00:26:11.920
things and as well as the other
things are working on a road man,

379
00:26:11.119 --> 00:26:14.559
But it's important to us and we
want to get we want to go on

380
00:26:14.640 --> 00:26:18.400
to enable that transfer to them very
soon. But we're looking at twenty twenty

381
00:26:18.440 --> 00:26:23.240
four from that one. Yeah.
Interesting, interesting now Sorry. I sometimes

382
00:26:23.240 --> 00:26:27.240
also want to find out from them, like for example, I know I

383
00:26:27.359 --> 00:26:34.839
usually end reacting from some of my
work through some public publication, you know,

384
00:26:36.319 --> 00:26:41.680
companies like Greenwich and all of that. If it is possible, like

385
00:26:41.000 --> 00:26:44.680
if I had set in Europe,
for example, it to be difficult for

386
00:26:44.839 --> 00:26:49.079
me to have it pay per accounts. Now you can be integrating your platform.

387
00:26:49.119 --> 00:26:55.319
If you can integrate your platform to
some of these you know, international

388
00:26:56.240 --> 00:27:00.000
bodies where people do a work and
they want to end or whatever, they

389
00:27:00.039 --> 00:27:04.839
can enter your platform and get it
to that dollar whatever currency. So now

390
00:27:06.039 --> 00:27:11.079
your your your platform. Does it
only receive or accept dollar or euro and

391
00:27:12.039 --> 00:27:17.880
other currencies? Yeah, for now, we're focused on dollar on the USD.

392
00:27:18.079 --> 00:27:22.480
Yeah, we we we think about
other currencies and we believe that we'll

393
00:27:22.519 --> 00:27:25.559
get to other currencies as well.
But the way we look at it is

394
00:27:25.680 --> 00:27:29.240
we want to do it very very
good job at USD. We don't want

395
00:27:29.279 --> 00:27:32.880
to just start with five different currencies. Everything is like halfway done, right

396
00:27:32.960 --> 00:27:36.920
because we're so distributed across so many
different things. So the approach me and

397
00:27:36.960 --> 00:27:40.359
Philip A taking this, let's start
with USD since that's where a lot of

398
00:27:40.400 --> 00:27:41.960
you know, a lot of the
boding is going through USD. Let's just

399
00:27:42.079 --> 00:27:47.160
do it very very good job.
We get you all these other features and

400
00:27:47.240 --> 00:27:52.000
then we go to other currencies.
You can look at you if I if

401
00:27:52.039 --> 00:27:56.960
I don't live in the country where
my my my ends are in a dollar

402
00:27:56.440 --> 00:28:00.559
and I end you and I expect
to use to have the transaction of my

403
00:28:00.640 --> 00:28:04.480
neuro account. That that would be
very We have a lot of close look

404
00:28:04.680 --> 00:28:12.640
countries and eurocurrency that would also to
meet or facilitated the you know, acceptability

405
00:28:14.119 --> 00:28:18.400
and usage of this platform very quickly. Yeh, that's important. Let's it's

406
00:28:18.400 --> 00:28:19.759
all about baby steps, right,
I want to get you want to get

407
00:28:19.759 --> 00:28:25.839
the first off right, and then
we want yeah, good, good,

408
00:28:25.880 --> 00:28:27.720
good, yeah, goot good feedback
on that. Yeah, I've got Prince

409
00:28:27.799 --> 00:28:32.279
Prince, thanks for holding on.
We dropping in now. But Prince please

410
00:28:32.279 --> 00:28:38.279
go ahead. Princess Sarah please go
ahead? Or I saw that, Mike,

411
00:28:40.359 --> 00:28:42.200
I am Sam, I am sad. We've got the floor, please

412
00:28:42.240 --> 00:28:48.599
go ahead. Okay, Yeah,
good evening everyone. Yeah, I'm someone

413
00:28:48.759 --> 00:28:56.599
from speaking from Swinging st Com.
I would love to appreciate the team on

414
00:28:56.720 --> 00:29:03.480
total Philip, I think I have
clever maybe before before they even like come

415
00:29:03.559 --> 00:29:07.359
out. I've been following to do
so so so closely on LinkedIn Twitter every

416
00:29:07.440 --> 00:29:12.519
year and I missed they actually July
twenty seventh this year, and I mean

417
00:29:12.559 --> 00:29:17.480
that before they even don't the product
by August. So I've been on top

418
00:29:17.519 --> 00:29:22.079
of clever and just knew us before
we lost. Are you? Are you

419
00:29:22.359 --> 00:29:30.519
Sea Come? I have my message
on LinkedIn off too clever on the shot

420
00:29:30.839 --> 00:29:36.240
or the clever LinkedIn and well it's
yet to be responded to, but I

421
00:29:36.279 --> 00:29:40.960
hope I can get the respond after
this Smitty, so will respond to you

422
00:29:41.039 --> 00:29:45.559
personally. Thank you for knowing us
before we learn. Yeah, I mean

423
00:29:45.799 --> 00:29:51.359
that's just because of the great work
they're doing. And I mean this world

424
00:29:51.440 --> 00:29:56.480
needed problem in Angelia stubbing my my
based with Ninjia. She is trying to

425
00:29:56.519 --> 00:30:00.000
pay for ils. Lots of Vegas
are trying to pay for the fold.

426
00:30:00.079 --> 00:30:04.200
I mean, I'm a scholarship group
and every enginers are looking for people that

427
00:30:04.279 --> 00:30:07.480
have dollar card that they can help
them pay. So with this kind of

428
00:30:07.680 --> 00:30:14.559
solution, I mean, everyone can
easily pay for their own like maybe examination

429
00:30:14.720 --> 00:30:18.119
fee by themselves, just but into
the dollar they want. So my question

430
00:30:18.240 --> 00:30:25.759
will be like ideas some particular officials
that we should be expecting in the road

431
00:30:25.839 --> 00:30:27.839
map. I mean, if you
can just list some of these things that

432
00:30:29.200 --> 00:30:33.720
you have already on your roadmap and
just the lost what we should be expected

433
00:30:33.759 --> 00:30:37.559
in the next coming years or the
next coming months. According to the plan.

434
00:30:37.720 --> 00:30:41.400
And secondly for me, I am
more. I mean I'm in Europe,

435
00:30:41.480 --> 00:30:45.680
so I'm not really looking at the
dollar account now and someone has already

436
00:30:45.720 --> 00:30:51.519
asked for the Europe account. Another
question how to acts is like they're like

437
00:30:51.680 --> 00:30:56.319
a possibility of having I can investment
platform. I mean, these are most

438
00:30:56.319 --> 00:31:03.000
of the things that are come onto
the of products like this or in Europe.

439
00:31:03.359 --> 00:31:07.880
Actually, because I would love to
invest in dollar in Nigeria or in

440
00:31:07.039 --> 00:31:12.880
dollar in US if it's possible to
use this platform, just if the possibility

441
00:31:14.039 --> 00:31:18.519
and if there is also any interesting
products or the officials that would be all

442
00:31:18.680 --> 00:31:22.640
benefit to me. Yeah, thank
you, awesome, Philip, you want

443
00:31:22.720 --> 00:31:26.160
to take this one, Yes,
I can jump in here. We have

444
00:31:26.480 --> 00:31:33.519
quite a lot of very very key
features planned. Whoever, so the immediate

445
00:31:33.599 --> 00:31:37.119
one that we talked about was cards
that we're going to be launching very soon.

446
00:31:37.079 --> 00:31:41.839
On top of cards, when we're
done with that, we're potentially going

447
00:31:41.880 --> 00:31:47.400
to give people this ability to invest
and save in US assets. But before

448
00:31:47.400 --> 00:31:49.240
we give your ability to save and
invest in US assets, will give you,

449
00:31:49.880 --> 00:31:53.440
you know, these engine accounts to
make it easy for people to create

450
00:31:53.519 --> 00:31:57.319
engine accounts, provide error and then
figure out how to get that nearra to

451
00:31:57.440 --> 00:32:01.720
dollar, you know. So there
are lots of other things. So these

452
00:32:01.759 --> 00:32:07.000
are like some of the more immediate
ones that we're looking at. But you

453
00:32:07.079 --> 00:32:09.000
know, the thing with the startup
is that our main goal is to solve

454
00:32:09.400 --> 00:32:14.319
pain points for Nigeria. So how
we want to go about that is to

455
00:32:14.880 --> 00:32:17.200
continue to get our feedback and then
refine our roadmap based on you know,

456
00:32:17.279 --> 00:32:23.640
what reality says. But I've talked
about this has mentioned already, this savings

457
00:32:23.640 --> 00:32:30.960
an investment program. Sorry raising your
hands, oh yees, because I have

458
00:32:30.039 --> 00:32:36.599
amber question, but or just go
ahead, Yes, I think that's that's

459
00:32:36.599 --> 00:32:38.240
pretty much is I just mentioned a
couple of them, but there's more and

460
00:32:38.359 --> 00:32:43.319
we're going to be refining those based
on what the market is and what our

461
00:32:43.359 --> 00:32:47.240
customers are saying. Great, great, so you're okay, Prices is able

462
00:32:47.319 --> 00:32:51.359
to speak now pretty because pep your
head up on mute and let's go ahead

463
00:32:51.680 --> 00:32:54.519
that question. And then the last
thing, sorry I did mention this our

464
00:32:54.559 --> 00:32:59.799
mobile app is coming very very soon. Mobile app is very very key and

465
00:33:00.039 --> 00:33:04.480
it's coming and potentially general Yes,
gotcha, gotcha, that would be cool.

466
00:33:04.599 --> 00:33:09.319
That'll be cool. That's all wayful
as Prince go ahead. Thank you

467
00:33:09.400 --> 00:33:15.680
so much, mister Calu, thank
you, mister Phillip Paper, thank you

468
00:33:16.000 --> 00:33:22.519
to the other team, the other
colleague. This is a very exciting opportunity

469
00:33:22.119 --> 00:33:30.440
and I'm so glad on the futures, the opportunities, the easy payment and

470
00:33:30.599 --> 00:33:36.200
the ability to make across boter payments. This is a very exciting, very

471
00:33:36.200 --> 00:33:39.680
innovative. I'm glad to be a
part of it because I definitely I'm going

472
00:33:39.720 --> 00:33:45.200
to be strategizing on how to ensure
that I get easy payments through this platform.

473
00:33:49.400 --> 00:33:52.839
To talk about mister Philip, I've
actually known mister Phillip for over twenty

474
00:33:53.039 --> 00:33:58.720
years or basically to be see,
he knew the life of when I was

475
00:33:58.799 --> 00:34:02.799
born. He's he's a great He's
a great person, very hard working,

476
00:34:04.079 --> 00:34:09.400
very lovative and uh a man that
his story is going to move every single

477
00:34:09.480 --> 00:34:14.880
person that listens to him. And
you know that definitely has so much integrity,

478
00:34:15.199 --> 00:34:19.119
so much integrity because he knows what
is at stake and he knows the

479
00:34:19.199 --> 00:34:22.000
mountain that he has pulled to get
to this height. I am very very

480
00:34:22.119 --> 00:34:28.559
motivated to get to get to know
you, to have grown up with him.

481
00:34:29.599 --> 00:34:31.599
Thank you so much, thank you
for the beautiful things you're doing so

482
00:34:31.840 --> 00:34:38.639
for for this, my question is
now for Clever, can a corporate organization

483
00:34:38.960 --> 00:34:44.280
create an account? And let's see
if they are to create an account,

484
00:34:44.360 --> 00:34:47.199
so what what name is going to
be on him? Or the account?

485
00:34:47.280 --> 00:34:52.239
Is he going to be strictly for
individuals? Or basically, if corporate organization

486
00:34:52.360 --> 00:35:00.320
can create an account, what are
the requirements? That's the first question,

487
00:35:00.960 --> 00:35:02.440
Prince Prayce. So what are you
calling from for? What are you calling

488
00:35:02.559 --> 00:35:10.679
from? I'm calling from LEC gotcha? All right, You've got awesome awesome

489
00:35:10.760 --> 00:35:14.440
Hey thanks Prince man. I was
looking at the photo. I'm like,

490
00:35:14.519 --> 00:35:19.840
ah, this is my guy.
Now, thanks for joining us. Yeah,

491
00:35:19.920 --> 00:35:22.480
we all grew up to get a
can literally on the same street.

492
00:35:22.599 --> 00:35:28.519
So Prince can speak to how how
how far we've come, and I'm very

493
00:35:28.519 --> 00:35:31.039
glad we're doing this again. Just
to highlight some of the things he's already

494
00:35:31.159 --> 00:35:35.880
mentioned. This should at least give
anyone who has some questions, who has

495
00:35:35.960 --> 00:35:39.960
some question of doubt that look clever. The people behind Clever are, like

496
00:35:40.039 --> 00:35:44.320
Prince already said, have integrity.
We're here to serve you very very well,

497
00:35:44.760 --> 00:35:49.039
and so you shouldn't have any reasons. So because about any questionable things

498
00:35:49.079 --> 00:35:52.159
that that that you might have seen
from elsewhere or that might make you doubt

499
00:35:52.280 --> 00:35:58.840
trusting brands like ours. Now,
to answer his question about these corporate accounts,

500
00:35:59.400 --> 00:36:01.079
we basically if you come to our
landing page today, you will see

501
00:36:01.119 --> 00:36:07.280
that we say smart USD Banking for
you and your business. That for you

502
00:36:07.360 --> 00:36:10.519
and your business basically says that we
do have corporations in mind. We do

503
00:36:10.679 --> 00:36:15.199
have businesses in mind. In fact, one of the things that I didn't

504
00:36:15.239 --> 00:36:19.679
mention earlier when we talked about our
roadmap is all the really great features that

505
00:36:19.760 --> 00:36:22.599
we're planning for business accounts as well. We are very very close to the

506
00:36:22.639 --> 00:36:27.840
point where again in the first quarter
of twenty twenty four, where we'll be

507
00:36:27.880 --> 00:36:32.159
able to launch this account that can
serve organizations. And so yes, you

508
00:36:32.199 --> 00:36:37.360
should be able to even as an
organization coming to Clever creat an account put

509
00:36:37.840 --> 00:36:43.760
creating an accounts for your organization go
through KYC, and the KYC would allow

510
00:36:43.880 --> 00:36:46.800
for whether it's a single owner organization
or multiple owners, you should be able

511
00:36:46.840 --> 00:36:52.079
to provide the dogs for severify in
the organization and then they can start receiving

512
00:36:52.239 --> 00:36:57.519
USD. I'm doing a lot of
other wonderful things based on that with the

513
00:36:57.639 --> 00:37:02.360
USD accounts. So, so if
the summary is possible for the corporates to

514
00:37:02.440 --> 00:37:07.639
have their accounts the summary of it, yes, So the summary is that

515
00:37:07.079 --> 00:37:12.480
it will be possible. It's not
possible today because we haven't turned on the

516
00:37:12.760 --> 00:37:16.840
capability, but it's been duty and
it was possible in the early first quarter

517
00:37:16.960 --> 00:37:22.119
of four. Gotcha, just so
only just for now? Excellent? Gotcha

518
00:37:22.280 --> 00:37:25.760
all right, super thanks Sam,
great question. Let me get president's right?

519
00:37:28.239 --> 00:37:37.559
Has k FX nineteen sixty six?
Has k FX hask? Okay,

520
00:37:37.440 --> 00:37:43.960
let me just so to the DM
for you guys, basically asking if you

521
00:37:44.039 --> 00:37:46.760
guys have regulation in the US.
It's basically one is asking if you guys

522
00:37:46.840 --> 00:37:50.880
are regulating in the US to do
this. That's long I should have always

523
00:37:50.920 --> 00:37:54.480
asking. Okay, Yeah, a
great question. So in the US we

524
00:37:54.559 --> 00:38:00.760
are registered as a money service business
NSD with the Finns, so Finceen is

525
00:38:00.760 --> 00:38:04.760
pretty much the regulatory body. There
are a lot of FinTechs are you supposed

526
00:38:04.760 --> 00:38:07.199
to register with? So we did
this registration before we launched in all those

527
00:38:07.239 --> 00:38:12.239
life like April. We also put
our registration number on our website. We

528
00:38:12.320 --> 00:38:15.960
try to be very transparent about this. So you can go to our website.

529
00:38:15.000 --> 00:38:17.440
You can even take this registation idea. If you want to brand search

530
00:38:17.480 --> 00:38:21.920
for it. You're happy to hope
you're free to do that. So we

531
00:38:22.000 --> 00:38:24.559
are registered with the FINS and number
one. I mean, that's like the

532
00:38:24.639 --> 00:38:30.119
key part of it. And we're
also partnered with financial institutions on the US

533
00:38:30.239 --> 00:38:34.079
side as well as the Nigeria side, So all of our all of our

534
00:38:34.159 --> 00:38:37.280
partners are licensed. We make sure
that we work with licensed institutions and as

535
00:38:37.320 --> 00:38:40.519
a way for us to make sure
that we are meeting with regulations and just

536
00:38:40.639 --> 00:38:45.599
doing the right things in this space
is a very highly regulated space, so

537
00:38:45.719 --> 00:38:47.599
we do. We do the registrations
where we can, and then we partner

538
00:38:47.679 --> 00:38:52.559
with licensed institutions where we can as
well. Go on, go on,

539
00:38:53.159 --> 00:38:57.760
let me see if okay, I
think this is dropped off. I had

540
00:38:57.800 --> 00:39:00.920
them more here, so let me
go back to d md DM. Okay,

541
00:39:01.239 --> 00:39:04.760
just yes, So this is just
to clarify. He's saying, yes,

542
00:39:04.880 --> 00:39:09.119
you can send money from anywhere in
the US in the world to the

543
00:39:09.440 --> 00:39:14.880
US account. Yes, you can
send you the US account can receive funds

544
00:39:14.920 --> 00:39:17.519
from anywhere in the world. They
have a swift number, so you get

545
00:39:17.559 --> 00:39:22.400
an account number, you get your
switt, just give it to you whoever

546
00:39:22.519 --> 00:39:25.360
wants to pay you, and the
funds will go. They're just clarifying that

547
00:39:25.559 --> 00:39:30.920
before they answer that, and yes, okay, debit card, Yes,

548
00:39:30.000 --> 00:39:35.920
debit cards are going to be available. Correct, And what else is here?

549
00:39:36.519 --> 00:39:40.719
I think just came Yes. Also
work with the exchange rate. So

550
00:39:42.039 --> 00:39:45.440
ask about the exchange rate for now
your answer, Just give the answer you

551
00:39:45.519 --> 00:39:49.559
had spoken about that earlier. Don't
ask about the exchange to us of the

552
00:39:49.679 --> 00:39:55.440
mechanism the US determine exchanges for the
for the transfers. Yeah, exchange are

553
00:39:55.599 --> 00:39:59.440
data every day. That's why I
don't like to say a number because by

554
00:39:59.480 --> 00:40:02.920
tomorrow to be a different number.
However, it's we use the market rate,

555
00:40:04.079 --> 00:40:06.400
right, we use the market rate, which are very competitive. So

556
00:40:06.480 --> 00:40:10.440
right now extend rate is like one
two hundred and something and above rid and

557
00:40:10.519 --> 00:40:15.519
tomorrow depending on the markets, depending
on a bunch of other factors to change

558
00:40:15.559 --> 00:40:19.679
again. So it's something that is
refreshed. Sometimes in one day we change

559
00:40:19.719 --> 00:40:22.239
it. We update the extra vuite
multiple times because maybe the market is just

560
00:40:22.400 --> 00:40:25.840
very bull atile that particular day.
That can happen as well. So it's

561
00:40:25.840 --> 00:40:30.000
something that's always changing and we try
to be very transparent with this. So

562
00:40:30.079 --> 00:40:31.599
as soon as you log into the
app, you will see, like right

563
00:40:31.639 --> 00:40:34.760
now on the homepage, you will
see what the extend rate is for the

564
00:40:34.840 --> 00:40:40.159
day. Excellent, excellent problem Martin, Martin got located. H go ahead.

565
00:40:43.239 --> 00:40:45.639
I believe in everyone. Thank you
for this one of our portunities.

566
00:40:46.039 --> 00:40:51.679
I just have to shue the you
know of the fintext platform for this great

567
00:40:51.760 --> 00:40:58.239
work. So my question is my
deposit on your patorm's a form of insurance

568
00:40:58.519 --> 00:41:02.679
is had? Like who financial is
nd I C like if my money is

569
00:41:02.679 --> 00:41:08.559
in the bank, if I dip
your perform, is my deposit is short?

570
00:41:09.480 --> 00:41:14.079
Guys? I want to find out. Good question. I mean f

571
00:41:14.159 --> 00:41:16.280
D nd I see, f D
I see and all that kind of stuff.

572
00:41:16.280 --> 00:41:19.880
I know it does not do fintexts. I know, I know n

573
00:41:19.920 --> 00:41:23.079
D solutely fd I doesn't do fintext
for now. So do you have any

574
00:41:23.320 --> 00:41:27.719
combat on that. Yeah, so
this is this is a good question.

575
00:41:27.920 --> 00:41:30.480
Like once we have our nerror accounts, I mean those would be at the

576
00:41:30.559 --> 00:41:32.519
end of the day, right,
all this money that we have, whether

577
00:41:32.639 --> 00:41:37.280
near accounts or dollar accounts, is
sitting in the bank. So Clever is

578
00:41:37.320 --> 00:41:39.239
not the bank. So actually we
don't you know when I go to hold

579
00:41:39.280 --> 00:41:43.480
all this money. So if you
receive one hundred dollars into your Clever account

580
00:41:43.519 --> 00:41:45.400
and it's just sitting there, it's
actually in the bank, and that bank

581
00:41:45.519 --> 00:41:49.480
isn't short. If it's a bank
in the US, that bank isn't shot.

582
00:41:49.519 --> 00:41:52.000
If it's a bank in Nigeria,
that bank is insured. So that's

583
00:41:52.079 --> 00:41:57.199
the past. We've pretty much passed
through insurance that we are able to give

584
00:41:57.280 --> 00:42:00.800
our customers. Yeah, so that's
that's pretty much of the answer to this

585
00:42:00.880 --> 00:42:02.519
one. All the funds leave in
the bank and the banks are the banks

586
00:42:02.519 --> 00:42:07.800
are in short. But to do
so Solomon hold On Martin did answer a

587
00:42:07.920 --> 00:42:13.960
question you do you have any fund
of your good Yes, yes, matcham

588
00:42:14.000 --> 00:42:21.000
where you call it from, Martin, I'm going from Burton, Okay,

589
00:42:21.000 --> 00:42:22.280
just checking. Thanks so much and
I appreciate you, sir. Thank you

590
00:42:22.599 --> 00:42:32.199
Solomon. You've got the floors in
mister so lose. Yeah, thank you

591
00:42:32.320 --> 00:42:37.119
very much for the opportunity. You're
welcome. So I would like to know

592
00:42:37.400 --> 00:42:44.239
we are people planning on creating APIs
for for programmers to integrate payments from their

593
00:42:44.320 --> 00:42:51.360
applications through their bank accounts. Is
there any plan for that? Definitely.

594
00:42:51.519 --> 00:42:54.000
This is also on our roadmap,
So we have been building our own APIs

595
00:42:54.000 --> 00:42:59.039
actually in order for us to build
Clever and what we offer today. However,

596
00:42:59.119 --> 00:43:01.320
the APIs are just internal to Clever, but we want to get to

597
00:43:01.400 --> 00:43:06.519
the point where we can also externalize
this API so that all that developers can

598
00:43:06.639 --> 00:43:08.639
viewed on top of Clever. We're
just not there yet because for us to

599
00:43:08.679 --> 00:43:12.880
be able to do that, we
need to make sure that our our partners,

600
00:43:12.920 --> 00:43:15.880
our banking partners are you know,
everybody's on the same page and a

601
00:43:15.000 --> 00:43:19.119
line and some of these things just
take time, but it's something that we

602
00:43:19.199 --> 00:43:22.840
want to do in the future.
Please feel free to jump in as well.

603
00:43:22.440 --> 00:43:24.960
Well that's yeah, that's pretty much
it. And I would say the

604
00:43:25.000 --> 00:43:30.960
only thing to add here is that
we from like an expertise angle, we

605
00:43:30.079 --> 00:43:34.719
are very very well positioned to be
able to do this well. So once

606
00:43:34.880 --> 00:43:39.920
the non technical conversations that the conversation
with our partners materialize and we get a

607
00:43:39.960 --> 00:43:45.440
green light, we will have something
that works very well ready for you guys.

608
00:43:45.639 --> 00:43:52.440
Excellent. Just to reset the room
where speaking with Clever, we're talking

609
00:43:52.480 --> 00:43:58.920
about how they have developed this app
that allows you as a Nigeria more or

610
00:43:58.960 --> 00:44:00.920
less. So it literally if you
want an account in the US. So

611
00:44:01.000 --> 00:44:06.039
the quick Worest just because just came
to mind, it can non Nigeria's gon

612
00:44:06.119 --> 00:44:09.480
account with clever just great, great
question. I was even going to talk

613
00:44:09.519 --> 00:44:14.280
about this so right now, it's
only Nigerians, right, But this problem

614
00:44:14.360 --> 00:44:17.079
of needing to receive payments from abroad
is not a Nigerian problem. True.

615
00:44:17.360 --> 00:44:22.079
Almost every day we get people from
Ghana. We get people I was going

616
00:44:22.159 --> 00:44:24.360
to say, one of my favorite
countries. But let me also say that

617
00:44:24.440 --> 00:44:28.199
since we have a lot of Nigerias
on the car, but we get people

618
00:44:28.239 --> 00:44:30.079
from Ghana who are always emailing or
saying, hey it please, I want

619
00:44:30.079 --> 00:44:32.639
to open the US the account I
need to get paid. We get people

620
00:44:32.639 --> 00:44:36.599
from from Kenya as well who are
reaching out right. So it's not a

621
00:44:36.719 --> 00:44:39.199
Nigerian problem and we do plan to
steal toward our countries very soon. It's

622
00:44:39.360 --> 00:44:42.840
just you know, as for us
to get to get started, we decided

623
00:44:42.880 --> 00:44:45.840
to start with Nigeria. Since one
Nigerians, Nigeria is also a big market.

624
00:44:46.000 --> 00:44:50.079
We understand the space. So we
decided to start with Nigeria. But

625
00:44:50.159 --> 00:44:52.679
in twenty twenty four. We expect
to go to other countries and help meet

626
00:44:52.719 --> 00:44:57.440
this need as well. Excellent.
So I just in a rec after room

627
00:44:57.440 --> 00:45:00.519
I was spent to Clever. There's
basic serting out unique problem ausay for all

628
00:45:00.599 --> 00:45:05.320
Africans were starting with ninet year and
how you can get paid abroad. I

629
00:45:05.400 --> 00:45:07.519
mean, if you're a tech guy, if you're a gig employer, if

630
00:45:07.599 --> 00:45:14.079
you are anyone that receives money is
from the abroad, especially the US.

631
00:45:14.360 --> 00:45:17.079
Basically this is for you, right
And they have a swift code and the

632
00:45:17.119 --> 00:45:22.639
account number. So if I'm working
in Nigeria and I am working or I'm

633
00:45:22.760 --> 00:45:25.639
just a dependence in Nigeria, I
can open up Clever, give them my

634
00:45:25.880 --> 00:45:30.159
routing and my swift and account number
and I can get payment. So if

635
00:45:30.599 --> 00:45:36.000
the hospital or the wife travels and
you're making rebbit chances to do we've got

636
00:45:36.000 --> 00:45:39.039
talk about rebbittances. This is about
twenty five billion. What does Clever play

637
00:45:39.079 --> 00:45:44.599
in this fantasis face? So this
is then mean that Clever can endable rebittances

638
00:45:44.679 --> 00:45:49.480
is not what it means. So
remedtances from somebody who's based in the US

639
00:45:49.559 --> 00:45:53.360
to their family member, So from
a technical standpoint. Yes, actually yes,

640
00:45:54.239 --> 00:45:57.800
I mentioned Yeah, like some of
my my siblings, you know,

641
00:45:57.880 --> 00:46:00.519
they use Clever to be able to
the top of their Clever accounts with USD

642
00:46:00.920 --> 00:46:04.920
and then they convert to Nerra.
They send money to our mom, they

643
00:46:04.960 --> 00:46:07.800
send money to other people in Nigeria. So you could use it right but

644
00:46:07.360 --> 00:46:10.239
we do right now, we are
focused on people who are based in Nigeria

645
00:46:10.320 --> 00:46:15.960
who need to receive USB. Somebody
who's based in the US can still use

646
00:46:15.000 --> 00:46:20.039
Clever to send Neerra. However,
there are additional features we want to add

647
00:46:20.159 --> 00:46:22.400
so that it makes that process simpler. So for example, I just mentioned

648
00:46:22.440 --> 00:46:25.199
that if you're based in the US
today you want to use Clever, you

649
00:46:25.239 --> 00:46:30.239
will need to first send your US
dollars into your Clever USD account and then

650
00:46:30.320 --> 00:46:32.320
you can now send NERA. But
a lot of people based in the US

651
00:46:32.400 --> 00:46:36.000
they like to just use their card. They don't really like to top of

652
00:46:36.079 --> 00:46:37.440
bank accounts, you know, the
way we do bank transfers in Nigers.

653
00:46:37.480 --> 00:46:40.239
Some people in the US they prefer
to just spend the card. So we

654
00:46:40.360 --> 00:46:43.440
want to get to the point where
if you're based in the US, you

655
00:46:43.519 --> 00:46:46.840
can also just link your debit card
to clever and directly transfer money from that

656
00:46:47.000 --> 00:46:51.280
card to somebody in Nigeria. That's
something we want to add all over time.

657
00:46:51.400 --> 00:46:52.920
However, like I said, as
of right now, if you're bused

658
00:46:52.920 --> 00:46:55.320
in the US, you can use
it as long as you have your BIDN

659
00:46:55.679 --> 00:47:00.400
to onboard them completely. YC,
you can use clever topic talk with you

660
00:47:00.480 --> 00:47:04.480
as dollars and send the R to
anybody in the engineer Okay, including myself

661
00:47:04.519 --> 00:47:08.239
because so it's a quotious question on
the D and he's asking how long on

662
00:47:08.360 --> 00:47:12.320
the average is KYC, just on
their average, If I have on my

663
00:47:12.440 --> 00:47:16.360
document VN and my ID, how
long is a KYC process? Yeah,

664
00:47:16.440 --> 00:47:21.000
it will take like hours within a
day. It won't be It shouldn't be

665
00:47:21.039 --> 00:47:23.159
more than a day. It's just
sometimes I don't know. I don't want

666
00:47:23.159 --> 00:47:27.679
to say minutes, but it's more
like one day or less. That's the

667
00:47:27.800 --> 00:47:30.800
average, as long as we have
all your documents right. But sometimes we

668
00:47:30.880 --> 00:47:34.199
see some people they are taking the
picture of their ID, but it's not

669
00:47:34.360 --> 00:47:37.679
clear, so then they need to
retake it. Sometimes maybe the BVAN is

670
00:47:37.800 --> 00:47:40.719
just not the right thing, or
people are sending us pictures that are not

671
00:47:40.880 --> 00:47:44.440
right and they need to redo it. Those ones can take time, right,

672
00:47:44.840 --> 00:47:47.800
but if you submit everything within a
day, within a couple of hours,

673
00:47:47.880 --> 00:47:52.760
you will get approved and you can
open your USB accounts immediately. Gotcha.

674
00:47:52.920 --> 00:47:55.039
So again to just this hypoetical total, I feel just hypothetical, is

675
00:47:55.119 --> 00:47:59.400
that I can say in part of
America, I can open up a Clever

676
00:47:59.519 --> 00:48:05.800
account, fund that Clever account,
travel to Nigeria, we draw in Nigeria

677
00:48:05.920 --> 00:48:10.199
and spend I would. Let's Philip
take this because I feel absolutely in fact,

678
00:48:10.559 --> 00:48:15.239
I did this in so in June. I was in Abuja for about

679
00:48:15.320 --> 00:48:21.960
two months and there were multiple cases
where I needed to pay my boat driver

680
00:48:22.880 --> 00:48:25.920
or pay for food at a restaurants, but Access bank as well. Some

681
00:48:27.480 --> 00:48:30.119
them not mentioned the bank, but
there were banks whose networks were down and

682
00:48:30.519 --> 00:48:35.599
I couldn't necessarily pay people. I
basically just used Clever Banking for that.

683
00:48:35.800 --> 00:48:39.559
Like my dollar was in my dollar
account at Clever and I needed to pay

684
00:48:39.559 --> 00:48:43.960
my boat driver, so I added
them as a recipient and paid them immediately

685
00:48:44.039 --> 00:48:47.480
and it got it there on the
spot. So for that scenario, I

686
00:48:47.559 --> 00:48:52.719
think maybe that's kind of what you
were asking about. Correct, Yeah,

687
00:48:52.760 --> 00:48:57.159
because I'm just looking at minutes.
You just want to get funds in Nigeria

688
00:48:57.400 --> 00:49:00.559
and really with worses, I want
to have multiplet it on. Thence is

689
00:49:00.599 --> 00:49:02.639
if your car doesn't work in Nigeria, at least you have cash in Nigia.

690
00:49:02.679 --> 00:49:07.239
Don't want to go all the way
and you have a Bank America card

691
00:49:07.280 --> 00:49:09.280
but you have no narraw cash and
you are like you know what you do.

692
00:49:10.280 --> 00:49:15.400
This is going to be like an
additional way. I would make sure

693
00:49:15.559 --> 00:49:19.280
I protect myself, get clever,
get your card. If you travel to

694
00:49:19.400 --> 00:49:22.079
Nigeria, you can still fund and
get the NIRO. I mean you're paying

695
00:49:22.119 --> 00:49:27.559
to yourself. So I would just
say start a kid for Nijera, traveling

696
00:49:27.639 --> 00:49:31.039
back home to Nigeria, get clever, put it there in addition to whatever

697
00:49:31.239 --> 00:49:35.679
you are bee it. It's working. Makes sense to me. It's a

698
00:49:35.840 --> 00:49:39.960
US bank account, so which means
that Okay, that's just think into aloud.

699
00:49:40.199 --> 00:49:44.639
Yeah so Philip, Yeah, going
back to DM. So it's asking,

700
00:49:44.840 --> 00:49:47.199
yes, address that question. Do
you guys have an agapit card?

701
00:49:47.320 --> 00:49:52.880
Yes, but just that question is
on the way website, Yes, website

702
00:49:52.960 --> 00:49:57.760
folks, folks are accent or the
website how they can get started. Don't

703
00:49:57.760 --> 00:50:00.239
want to send it to be a
friend or your cousin America. They're asking

704
00:50:00.360 --> 00:50:04.480
for the website. If you could
please plot that in I will do a

705
00:50:04.559 --> 00:50:07.880
retwittingness after the space is a website
to Clever how they can literally get started

706
00:50:07.960 --> 00:50:12.480
this one. He's saying, Hi, thanks for the space. I'm listening.

707
00:50:12.679 --> 00:50:15.320
I might not use Clever because I
don't have a us by account,

708
00:50:15.440 --> 00:50:20.320
but I want to send to someone
that I think would be needed. So

709
00:50:20.519 --> 00:50:23.559
please, if you can give me
the link or the app, or I

710
00:50:23.679 --> 00:50:30.400
can send to my friend, I
think they would need it. So Philip

711
00:50:30.679 --> 00:50:35.199
totally just send that to me and
then we can get rolling other questions here

712
00:50:35.239 --> 00:50:38.559
on the DM, I heard you
said it's not going to be tax Yeah,

713
00:50:38.599 --> 00:50:42.159
so let me just answer that.
He's talking about the taxes. What

714
00:50:42.400 --> 00:50:45.079
to Do was saying was that if
you were being your normal course of business,

715
00:50:45.480 --> 00:50:51.119
of course you will pay your normal
taxes. This is just clever in

716
00:50:51.199 --> 00:50:55.119
the payment transfers for you. They're
more interested per se in assessing you a

717
00:50:55.320 --> 00:51:00.519
tax or knowing how much tax you're
supposed to pay. All to we told

718
00:51:00.039 --> 00:51:07.159
you are responsible for your taxes.
They're just enabling the transfers between two jurisdictions.

719
00:51:07.239 --> 00:51:10.119
So get your tax advisor, get
your account, determine your taxes.

720
00:51:10.199 --> 00:51:15.840
This is just a payment platform.
They're not going to access or paytent to

721
00:51:15.960 --> 00:51:20.360
percent or charge anything. This is
just the payment platform, just like an

722
00:51:20.440 --> 00:51:23.440
ATM something like that. Look at
that way and that will help you.

723
00:51:23.599 --> 00:51:30.800
That's to the Thanks for that question
to look to look back here turn it

724
00:51:30.880 --> 00:51:36.559
too and also a DM great,
great team. I like the energy and

725
00:51:36.960 --> 00:51:40.639
the Yeah, I like the did
the team great and I'm just wondering when

726
00:51:40.679 --> 00:51:45.679
they will pes. For now they
are only okay. This is again for

727
00:51:45.840 --> 00:51:51.039
Emmanuel's asking if Clever can work after
the US. For now, they are

728
00:51:51.320 --> 00:51:53.400
starting from the US. As the
world, they're starting from the US.

729
00:51:53.440 --> 00:51:57.880
They're going to scale from the US, so watch this space. I only

730
00:51:57.920 --> 00:52:01.519
get the US not supposed completely tighten
before they just start to go one hundred

731
00:52:01.559 --> 00:52:07.519
miles across Europe of across Africa.
But for now it is from the US.

732
00:52:08.679 --> 00:52:10.920
Let me see. Yeah, lots
of questions here, I think folks,

733
00:52:10.960 --> 00:52:15.559
it does joining the space, so
there's a lot of question. I've

734
00:52:15.559 --> 00:52:20.519
already taken your account. Yes it's
a US bank account. It to be

735
00:52:20.679 --> 00:52:23.719
opened in your name, that is
for Monday Monday. Thanks for the question.

736
00:52:24.039 --> 00:52:28.920
Yes, it's a US based bank
account. It to be opened in

737
00:52:29.119 --> 00:52:31.480
your name, not in the name
of Clever. So if you have the

738
00:52:31.559 --> 00:52:37.480
account, it will be your name
carlu Aja routing. Then account number and

739
00:52:37.679 --> 00:52:43.559
swift number. Swift number is your
international transfer number different from route and just

740
00:52:43.679 --> 00:52:47.320
your local American number. So yes, it's going to be in your name.

741
00:52:49.079 --> 00:52:54.440
Mister Woodbecher, How are you doing, sir Woodbacher. You got to

742
00:52:54.480 --> 00:52:58.920
flow up this onmuter so you can
we can hear your wonderful submission. This

743
00:52:59.000 --> 00:53:06.960
is one of my recuation guys.
Everyone within mind, where do you call

744
00:53:07.039 --> 00:53:13.480
it from? S either farm now
or where sir? We can I can't

745
00:53:13.480 --> 00:53:17.559
hear you again. You've dropped off, okay, fixed up audio side.

746
00:53:17.559 --> 00:53:23.639
You're dropping in and out. Let
me just one real quick. Two you

747
00:53:23.679 --> 00:53:30.119
guys are dropping off like lies can
mister can Uti? Did I get that?

748
00:53:30.239 --> 00:53:37.440
Rights can? Yes? Is it
tired or by the same as you

749
00:53:37.599 --> 00:53:44.280
t I? Okay, my my, my father trying to be trying to

750
00:53:44.360 --> 00:53:52.480
be all right? Yeah, yeah, thanks thanks, please go ahead?

751
00:53:52.880 --> 00:53:57.760
Good? Yeah, okay, great, great. I just joined some minutes

752
00:53:57.800 --> 00:54:05.159
ago and I'm hearing some one the
full ideas about the you know, opening

753
00:54:05.239 --> 00:54:09.880
a bank account in your name?
Does that apply? Sorry? Maybe if

754
00:54:09.880 --> 00:54:15.360
I'm taking you guys back in Leadle
does that apply to maybe Nigerians who are

755
00:54:15.480 --> 00:54:17.840
not in the US. Can they
open an account? And also can this

756
00:54:17.960 --> 00:54:23.039
account be linked to, for example, with trading platform where you can you

757
00:54:23.119 --> 00:54:29.199
know, buy stocks directly in the
US. Just two quick questions. Thank

758
00:54:29.280 --> 00:54:31.400
you, I've got to the Philipia
to the philip If you can just take

759
00:54:31.440 --> 00:54:35.480
that. Yeah, it's a good
job to recap. Yeah, yes,

760
00:54:36.599 --> 00:54:38.559
yeah, go for it. Can
you can hear me right? Yes?

761
00:54:39.159 --> 00:54:45.039
Yes? Disconnect? Okay, yeah. So for the first question, right

762
00:54:45.079 --> 00:54:49.199
now, we support just Nigerians because
we can only ky see the van and

763
00:54:49.280 --> 00:54:52.280
the Nigerian identity. However, you
don't need to be based in Nigeria.

764
00:54:52.679 --> 00:54:58.239
You can be a Nigerian based in
Canada, which we have actually right now

765
00:54:58.360 --> 00:55:00.880
we have some customers in that book. You can be a Nigeria based in

766
00:55:00.960 --> 00:55:06.159
South Africa as long as you have
your Livian and your I D. When

767
00:55:06.199 --> 00:55:09.079
the n I N I D Passport
votas car driver's license, you can complete

768
00:55:09.119 --> 00:55:15.559
KYC and open a USD account of
Clever. So that's for the first question.

769
00:55:15.719 --> 00:55:17.320
For the second question, you said, can you link it to other

770
00:55:17.840 --> 00:55:24.000
trading platforms. Yes, okay,
yeah, you want to do you know,

771
00:55:24.159 --> 00:55:30.679
trading and maybe with Vanguard for example. I don't know, like you

772
00:55:30.800 --> 00:55:32.920
have USD in Clever and you want
to move the USD into Vanguard for you

773
00:55:34.000 --> 00:55:35.800
to no, no, no,
no, no, I mean I mean

774
00:55:36.000 --> 00:55:39.199
I mean linking your trading account.
So he wants to go for I wants

775
00:55:39.239 --> 00:55:44.599
to go from Naira to Clever dollars, then from Clever dollars to them buy

776
00:55:44.760 --> 00:55:46.760
stocks in the US for instance,
stuff like that. Can he link his

777
00:55:46.880 --> 00:55:52.039
knife something like that? Okay,
so this is coming soon. This is

778
00:55:52.119 --> 00:55:57.519
one of the features that Yes,
we're very very excited about this. It's

779
00:55:57.559 --> 00:56:00.519
coming soon. So look when you
guys have that, you have to come

780
00:56:00.599 --> 00:56:04.000
back. Oh, we will surely
will be back. We are very well.

781
00:56:04.320 --> 00:56:07.000
We're working on this, but yeah, it will take some it will

782
00:56:07.000 --> 00:56:09.679
take some months, but we we're
very excited to get this going because again,

783
00:56:09.760 --> 00:56:13.519
like I said, right, like
Clever is not just all about oh,

784
00:56:13.760 --> 00:56:16.000
received payments in USD. No,
we also want to enable and empower

785
00:56:16.159 --> 00:56:21.679
you to manage your money effectively.
And this involves growing your money right and

786
00:56:21.760 --> 00:56:23.760
make it small decisions. Yeah,
so this is something that will be supporting

787
00:56:23.880 --> 00:56:28.559
very soon. Okay, great,
great, great, because that will be

788
00:56:28.639 --> 00:56:34.760
the attraction point for m Okay okay, I mean care for me. That

789
00:56:34.800 --> 00:56:37.480
attraction points is reallyd to both ways. I do both cities right, and

790
00:56:37.880 --> 00:56:42.760
I'm looking for a way I could
send money back and forth. For me,

791
00:56:43.239 --> 00:56:46.119
just sending money from from the US
to Nigeria is hell, you know,

792
00:56:46.280 --> 00:56:50.559
it's I have a very very easy
to do it. But I think

793
00:56:50.920 --> 00:56:54.159
this is the Nigerian side, the
Nigerian bank side, that gives me headache.

794
00:56:54.239 --> 00:56:58.599
You know, it gives me head
sometimes it's working, but the day

795
00:56:58.679 --> 00:57:01.639
it does not work is the day
you depend on it. So I just

796
00:57:01.760 --> 00:57:06.199
need to have something all the way
to do this. And now these guys

797
00:57:06.239 --> 00:57:08.480
have the routing number, sorry,
the Swift number and their accounts. It's

798
00:57:08.519 --> 00:57:13.360
a US bank account with technically,
you know, it gives me that there's

799
00:57:13.360 --> 00:57:15.960
a US bank. My phone's out
there. It's just a bit safer,

800
00:57:15.119 --> 00:57:19.239
you know, just something else.
That's how I'm looking at it for and

801
00:57:19.320 --> 00:57:22.760
give us the Nigerian side. I
do jobs here. Some some folks want

802
00:57:22.800 --> 00:57:25.880
to pay me. Some guys just
want to pay me and like give us

803
00:57:25.920 --> 00:57:28.920
your bank account. I give them
when Jerman is like, no, no,

804
00:57:29.119 --> 00:57:31.039
don't, we can't transper money.
That really tried and I said,

805
00:57:31.119 --> 00:57:36.880
we can't transfer money to this account
because of this swift. Because I got

806
00:57:36.920 --> 00:57:42.199
that swift was tagged it's Nigeria.
They couldn't transfer money. Luckily I had

807
00:57:42.199 --> 00:57:45.199
all that means. And they don't
do crypto. They don't do all that

808
00:57:45.239 --> 00:57:47.440
stuff because they're a corporate. So
if I had this, or I'll just

809
00:57:47.519 --> 00:57:52.039
keep on saying, oh I have
a US bank account. It even adds

810
00:57:52.119 --> 00:57:54.480
credibility to you. Imagine. Imagine
if I'm doing a gig, I'm on

811
00:57:54.679 --> 00:57:59.039
five or I'm doing something and someone
saying, how do we pay you?

812
00:57:59.119 --> 00:58:00.280
I said, do you want to
pay us? Or the only paid in

813
00:58:00.360 --> 00:58:06.320
Nigeria? You just imagine how it's
It's even sounds just it shows Okay,

814
00:58:06.800 --> 00:58:09.599
you know, I don't understand the
business and the structure that he gives to

815
00:58:09.679 --> 00:58:14.280
me that I can receive payments offshore. I'm also on shore. You pick

816
00:58:14.320 --> 00:58:16.000
your poison. You want to pay
me in nira or you gonna payion dollars.

817
00:58:16.039 --> 00:58:21.360
I like it. It helps the
sames in Nigeria. It gives them

818
00:58:21.599 --> 00:58:25.039
credibility. If you're gonna deal in
Kenya or South Africa or Thailand. If

819
00:58:25.079 --> 00:58:30.920
you're an exporter, imagine a guy
exporting young from Nigeria and he wants to

820
00:58:30.960 --> 00:58:32.840
get paid. He said, no, pay to my bank account. Don't

821
00:58:32.840 --> 00:58:37.760
be saying pay to my account.
That's just pay to my US gonna coount.

822
00:58:37.840 --> 00:58:39.280
Oh yeah, you guys gonna count
to be like Okay, this guy

823
00:58:39.440 --> 00:58:44.840
is, he's been very five by
US bank. I love it. That's

824
00:58:45.280 --> 00:58:47.960
related to your name, your brand, new business. I think so.

825
00:58:49.199 --> 00:58:52.199
I completely think so. Yeah,
I think farmers are exporter. As you

826
00:58:52.400 --> 00:58:54.599
jump all across that, I don't
want to talk about that. But but

827
00:58:54.760 --> 00:59:00.480
if you're an exporter, if you
are a guy that is getting paid in

828
00:59:00.239 --> 00:59:04.800
from the abroad, I think you
jump on all that. This doesn't matter

829
00:59:04.920 --> 00:59:08.320
the current The dollar is convertible.
If you if you're paid in euro getting

830
00:59:08.400 --> 00:59:13.880
dollars is convertible, there's no exchange
loss like that. You know, if

831
00:59:13.920 --> 00:59:19.719
you get paid in euros getting dollars
convert it makes perfect sense. I want

832
00:59:19.760 --> 00:59:23.159
to hear Clever tell us that their
next plan is to say the money you

833
00:59:23.280 --> 00:59:28.360
have in your account sitting there,
they would pay you interest. That's really

834
00:59:28.400 --> 00:59:30.000
what I want to hear. Next
that would just grab it, not not

835
00:59:30.360 --> 00:59:32.800
let them go. Yeah, that's
what I want to hear them say.

836
00:59:32.840 --> 00:59:37.840
You know that would just good for
me. Can I can I one that

837
00:59:37.440 --> 00:59:42.840
go for it? Okay? Yeah? Please? This bank now is it?

838
00:59:43.119 --> 00:59:45.159
Is it? Is it a standalone
bank in the US or it's you

839
00:59:45.239 --> 00:59:51.679
know, piggybacking on a you know, a longer another bank or something like

840
00:59:51.760 --> 00:59:55.239
that. How is this structured to
run in the US? Yeah? So

841
00:59:55.400 --> 01:00:00.920
Clever is not a bank by itself, so with your partner with bank banks?

842
01:00:00.960 --> 01:00:04.719
Yes, so right now, if
you're to open any bank account on

843
01:00:04.880 --> 01:00:07.599
Clever, you will get it was
fago account number was fugged out in number

844
01:00:07.639 --> 01:00:12.400
that you can use to receive payments. But Clever itself is not is not

845
01:00:12.519 --> 01:00:15.480
a bank or used on top of
on top of banks. Okay, So

846
01:00:15.719 --> 01:00:20.960
essentially, if I'm giving all that
account details, I don't need to share

847
01:00:21.039 --> 01:00:25.679
the account bank name is Clever right
name? No? Give you give them

848
01:00:25.760 --> 01:00:30.480
your swift number When you want to
receive your payments, you simply give your

849
01:00:30.519 --> 01:00:35.239
swift number. That swift is attached
to a bank. So because you can

850
01:00:35.360 --> 01:00:38.519
say your bank is Wells FAG and
as a bank caused Wells daggle. So

851
01:00:38.679 --> 01:00:43.000
but the swift is unique to every
bank. So every bank in the world

852
01:00:43.079 --> 01:00:45.559
has a swift. Yes, yes, yes, So once you want to

853
01:00:45.559 --> 01:00:49.639
receive payments, you can print your
invoice and put that swift and that bank

854
01:00:49.639 --> 01:00:52.800
account. You don't have to mention
the name of the of clever, right,

855
01:00:52.199 --> 01:00:55.280
all it is that once once they
put that was what what bank is

856
01:00:55.400 --> 01:01:00.239
just is a US bank. They're
plugging that's swift into their transfer app.

857
01:01:00.280 --> 01:01:02.840
They will see the bank pop up. So that's why I say it gives

858
01:01:02.880 --> 01:01:07.920
you credibility because what they're going to
see is that you have a bank account

859
01:01:07.960 --> 01:01:10.320
in the US. And to open
a bank down to the US, you

860
01:01:10.440 --> 01:01:15.559
must have passed anti terror, you
must have passed anti long. So I

861
01:01:15.639 --> 01:01:21.280
mean, guys, you know exactly
I'm telling you, like if you are

862
01:01:21.400 --> 01:01:23.320
getting it. Like when I started
off this space came, I talked about

863
01:01:23.320 --> 01:01:27.960
the lady that that I paid on
fiver to do my to read my manuscript.

864
01:01:28.280 --> 01:01:30.920
She was from Nigeria. In Nigeria, she had a different name.

865
01:01:31.079 --> 01:01:36.039
Was said to talk she's somebody and
she talked to me offline and she's Nigeria

866
01:01:36.199 --> 01:01:42.000
and essentially it's her quote unquote sister
you understand it's her sister's name, sister's

867
01:01:42.039 --> 01:01:44.800
address, sisters and everything, because
her sister is busy in the US.

868
01:01:44.880 --> 01:01:47.360
But she does the job. Do
you understand Her sister gets the job,

869
01:01:47.960 --> 01:01:52.119
then she outsources the job to the
lady in Nigeria who does it, and

870
01:01:52.199 --> 01:01:55.960
there's that gets bid in the US. But that girl now can open up

871
01:01:55.960 --> 01:02:02.159
a clever account with her own account
and get hate directly directly to Nigeria.

872
01:02:02.280 --> 01:02:07.360
So it's it's really really I love
it. I think it helps a lot

873
01:02:07.400 --> 01:02:10.760
of folks get employed because that is
the one thing in Nigela is missing in

874
01:02:10.960 --> 01:02:15.880
our in our gear economy, we
can't get paid you know the world that

875
01:02:15.519 --> 01:02:20.159
Yeah, so I love it.
I'm jumping on the train right now?

876
01:02:21.280 --> 01:02:23.320
Do you know how to jump on
the train? So how can Ken jump

877
01:02:23.400 --> 01:02:27.320
on the train? Says I?
You say, doing the space but saying

878
01:02:27.320 --> 01:02:30.800
one more time, lots of photos
adding now how can Ken jump on this

879
01:02:30.960 --> 01:02:34.880
train? What should he do?
Yes? Ken? You can go to

880
01:02:35.239 --> 01:02:40.360
www dot get clever dot com,
get clever so clever ending with an e

881
01:02:42.320 --> 01:02:46.039
dot com and sign up. Very
easy to sign up. Complete your KY

882
01:02:46.159 --> 01:02:51.440
series is also pretty easy and you
will have your USB account details ready for

883
01:02:51.559 --> 01:02:55.199
you, so www dot gets clever
dot com. We'll also be posting this

884
01:02:57.079 --> 01:03:00.679
on Twitter as well. Okay,
great, thanks you lot. Once I

885
01:03:00.760 --> 01:03:04.760
get I'll share and then ifica.
If you guys have questions even after the

886
01:03:04.800 --> 01:03:07.400
space has ended, please send to
me or to lo or to Philip.

887
01:03:07.480 --> 01:03:10.760
Not a problem, we would of
course answer all I can send to them

888
01:03:10.880 --> 01:03:14.159
and all that. It's going to
be recorded as well, guys, so

889
01:03:14.920 --> 01:03:16.400
this will be on the podcast.
We can go back and listen to this

890
01:03:16.559 --> 01:03:21.320
recording and if you need to get
the clarifications, should that DM, should

891
01:03:21.400 --> 01:03:24.119
that mail? And then we'll take
it from you. I'm basically just running

892
01:03:24.159 --> 01:03:28.079
off now. Just have one guy
ask me to speak. I want to

893
01:03:28.119 --> 01:03:30.960
see if I can add him real
quick, and then we'll just do the

894
01:03:30.079 --> 01:03:37.199
round up hopping in real quick.
One day. One can hear me?

895
01:03:37.320 --> 01:03:42.159
Can you hear me? If you
can, we'll take a question real quick.

896
01:03:42.239 --> 01:03:47.159
Otherwise we'll just sort of end the
space one day real quick. Go

897
01:03:47.360 --> 01:03:52.519
go for it, Okay, because
I've I've kept to I'm Philip. Here's

898
01:03:52.519 --> 01:03:58.800
got much mute the time for yeah, go ahead, the worries, yeah,

899
01:03:59.440 --> 01:04:02.280
go ahead. So yeah, wonderful
things I'm hearing instead of not.

900
01:04:02.400 --> 01:04:06.239
Sort of, I am in THEE
in THEE space and just hearing things and

901
01:04:06.480 --> 01:04:09.920
I was intrigued. That's all this
space. I was so intrigued and started

902
01:04:09.920 --> 01:04:13.199
to join in hearing wonderful things.
Yeah, I was about to ask the

903
01:04:13.320 --> 01:04:19.480
question caw Loo asked earlier concerning percentages
because people want to save and maybe any

904
01:04:19.519 --> 01:04:24.800
returns. I wasn't hearing that,
so I was glad callow accident. Secondly,

905
01:04:25.599 --> 01:04:30.280
I hear getting I tried signing up
or tried finding the website. It

906
01:04:30.400 --> 01:04:33.639
was a bit difficult. So please
you would like to youd have to post

907
01:04:33.679 --> 01:04:38.480
that and please create an instructional video
to three minutes. You know, people

908
01:04:39.000 --> 01:04:43.760
in Africa's alone to read watch videos
and maybe you know in two two three

909
01:04:44.119 --> 01:04:46.280
steps they gets to you know,
sign up and everything. That would really

910
01:04:46.320 --> 01:04:49.079
help. Thank you, Thank you
clever for what you do. Thank you

911
01:04:49.239 --> 01:04:53.519
very much. So we will be
posting our websites and we also do have

912
01:04:53.599 --> 01:04:56.639
an instructional video for how to open
an account, so we make sure to

913
01:04:56.679 --> 01:05:00.559
post that as well. So we'll
be posting that and attaching into this to

914
01:05:00.679 --> 01:05:03.119
this space so that people can can
see it. But our website is get

915
01:05:03.280 --> 01:05:08.400
clever dot com. Get clever dot
com and like I said, we'll post

916
01:05:08.400 --> 01:05:11.159
it for sure. Thank you all
right, thank you very much, kind

917
01:05:11.199 --> 01:05:13.199
it will be big fun. Thank
you for what you do. I appreciate

918
01:05:13.199 --> 01:05:15.639
yourself. Thanks you so much.
Let's get c s L a hands up

919
01:05:15.639 --> 01:05:19.280
go ahead. So when they thanks
so much for that. Yeah, yeah,

920
01:05:19.920 --> 01:05:23.480
it's always good to hear. Ye, I really appreciate what you do.

921
01:05:23.800 --> 01:05:28.800
You financial litery, being financially literally
is very very important for Africa as

922
01:05:28.800 --> 01:05:31.360
a continent. So any new service
is great. And I forgive me for

923
01:05:31.400 --> 01:05:34.559
asking this question if you've already addressed
it, but I mean currently right now,

924
01:05:35.000 --> 01:05:39.880
I do some investing in like in
your Nageria, Khana, Kenya and

925
01:05:39.920 --> 01:05:42.679
South Africa, and I just use
crypto and I guess the question I have

926
01:05:42.880 --> 01:05:45.920
I guess for Tulu is if someone
is using that route, do you have

927
01:05:46.039 --> 01:05:49.280
any channels for people who may want
to use crypto as well? Do you

928
01:05:49.360 --> 01:05:55.239
have any APIs or quick ways to
hook in or And then I have another

929
01:05:55.320 --> 01:05:59.119
question for color after you answer this
to yeah, great question on crypto.

930
01:05:59.320 --> 01:06:02.840
So I also let Philip jump in
in a bit. We do believe in

931
01:06:02.960 --> 01:06:06.679
cryptos has a simpler way to move
money. However, as you know,

932
01:06:06.880 --> 01:06:11.920
due to regulation, both on the
US side on the Nigeria side, the

933
01:06:12.039 --> 01:06:15.639
regulators are not very friendly with crypto, which has cost us to not support

934
01:06:15.679 --> 01:06:18.920
crypto right now. So we don't
we don't. We don't have any way

935
01:06:18.960 --> 01:06:23.840
for people to send crypto to their
clever account or to pay out crypto at

936
01:06:23.880 --> 01:06:26.880
this point in time. Doesn't mean
we'll never support it, but we're also

937
01:06:27.039 --> 01:06:30.920
just keeping our eyes and ears on
the ground to see when the government and

938
01:06:30.039 --> 01:06:33.800
regulators are more open to crypto so
that we can make sure to adopt it

939
01:06:33.960 --> 01:06:39.960
very quickly. But right now it's
not, it's not supported. Yeah.

940
01:06:40.079 --> 01:06:44.599
So just the only thing I'll add
is that even though we are looking at

941
01:06:44.599 --> 01:06:48.360
the crypto space and watching regulation,
we mostly are looking at stable points at

942
01:06:48.400 --> 01:06:54.400
the moment, as like this means
of making it easy for us to move

943
01:06:54.719 --> 01:07:00.320
move value. That Okay. I
think one of the things that I find

944
01:07:00.519 --> 01:07:06.000
is that I work people in Nairobi
as well acraw and it's just it just

945
01:07:06.079 --> 01:07:09.360
works. I mean, you have
to find out the row that works for

946
01:07:09.480 --> 01:07:13.599
you, but definitely anything that can
make it easier for because I also believe

947
01:07:13.639 --> 01:07:16.519
in using staff in Nigeria because of
the it's just a benefit you can really

948
01:07:16.559 --> 01:07:19.800
get. I'm developing a small boot
right now and I'm using staff and I

949
01:07:19.840 --> 01:07:24.880
think it's the Ebados right now,
and you paid for the school fees and

950
01:07:25.000 --> 01:07:28.079
I trained them on how they quickly
do the swap and then they're happy with

951
01:07:28.159 --> 01:07:30.360
it. It works, and for
me as an investor, it's just cheaper

952
01:07:30.440 --> 01:07:31.519
to get the product out. I'm
trying to sell it here in the States.

953
01:07:32.039 --> 01:07:34.639
But it's a great look. But
any any way, you can onboard

954
01:07:34.679 --> 01:07:38.480
crypto. I highly recommend it because
I mean, you can payment. You

955
01:07:38.519 --> 01:07:42.719
can send me Kenya, GNA,
Nindera within seconds. It's not even there's

956
01:07:42.719 --> 01:07:51.880
no good point, good point.
Yeah you had a question? Oh yeah,

957
01:07:53.480 --> 01:07:55.840
yeah, yeah Colo, yeah yeah
for you really, I guess the

958
01:07:55.920 --> 01:08:00.360
question I have is it's one of
those more it's like you know, it's

959
01:08:00.440 --> 01:08:05.159
sometimes it's a little difficult to because
I get sometimes I get these little fielders

960
01:08:05.159 --> 01:08:09.960
out there in like Tybah State,
and you have all these people who are

961
01:08:10.000 --> 01:08:14.960
doing interesting mining, and I'm just
wondering, maybe through maybe your contact space

962
01:08:15.039 --> 01:08:19.279
or your contact list, what links
do you have for people who do discovery

963
01:08:19.319 --> 01:08:23.880
work. I guess in the North, I mean obviously we know the complications

964
01:08:23.920 --> 01:08:27.840
that are there, but the opportunities
are really exciting. I mean, I

965
01:08:28.399 --> 01:08:32.239
I've been able to secure some land
very very cheap, and it's just I'm

966
01:08:32.279 --> 01:08:35.399
not an NGO. I'm more like
I want to farm and make money.

967
01:08:35.479 --> 01:08:40.760
But it's just it's just it's challenging
to get to do stuff there. You

968
01:08:41.000 --> 01:08:44.560
guys know what I'm talking about.
I'm just wondering what have been your perception

969
01:08:44.720 --> 01:08:48.760
of that area and also mining in
that area as well. I mean,

970
01:08:48.840 --> 01:08:51.640
to get the land is easy,
to get the paperwork and the land is

971
01:08:51.680 --> 01:08:56.239
easy. I think the problem with
land manager is an rock related space and

972
01:08:56.319 --> 01:09:00.199
it's very dangerous. That's just what's
going on. I mean, it's we're

973
01:09:00.239 --> 01:09:09.760
talking trans border terrorism, money laundering, isis all the words you don't want

974
01:09:09.800 --> 01:09:12.920
to hear a way here in investment, that's all talking about that. So

975
01:09:13.039 --> 01:09:15.640
if it's farming, yes, but
if it's minding, I mean, we

976
01:09:15.760 --> 01:09:20.239
have a large gold miner in austral
State. The month should have much more

977
01:09:20.319 --> 01:09:24.560
than that. Gold diamonds are plenty
there, but for now it's just a

978
01:09:24.680 --> 01:09:28.319
space you don't want to go into
unless the governmentally clean is the top you

979
01:09:28.439 --> 01:09:31.439
can go small time you have.
It's just something you can invest money in

980
01:09:31.640 --> 01:09:35.359
for now. If you look at
the official but I'm sorry why there's a

981
01:09:35.399 --> 01:09:40.640
tangent. If you look at your
official budget, solid miles in Nigeria are

982
01:09:40.760 --> 01:09:45.920
less than five billion revenues. Less
than five billion revenues, that's your official

983
01:09:45.039 --> 01:09:47.920
number, so you can see that. Just tells you what's going on there.

984
01:09:47.920 --> 01:09:50.199
But I don't want to take away
from the space of clever. Right,

985
01:09:51.000 --> 01:09:57.640
Let's let's okay, all right,
so last one is going to be

986
01:09:57.760 --> 01:09:59.960
Prince. Prince, you got your
hand on, go ahead and speak.

987
01:10:00.039 --> 01:10:01.239
President will sort of wind down the
space. Praise. Go ahead, you

988
01:10:01.520 --> 01:10:05.439
spoken before my go ahead? Yeah, thank you so much, Thank you

989
01:10:05.600 --> 01:10:10.880
mister Klum for the opportunity. I
just want to comment the team. I'm

990
01:10:10.880 --> 01:10:16.520
also looking very much looking forward to
the APIs because I have a beautiful idea

991
01:10:16.560 --> 01:10:21.439
I would like to integrate to the
platform. And also I am suggesting that

992
01:10:21.840 --> 01:10:28.119
we have this space like if every
month, want so, because there are

993
01:10:28.119 --> 01:10:30.920
a lot of people who are knowing
he that would really love to benefit from

994
01:10:30.960 --> 01:10:34.079
those beautiful opportunities and get to love
about clever. Thanks so much, mister

995
01:10:34.159 --> 01:10:39.199
Philip, Thank you to love,
Thank you for this beautiful idea your brought

996
01:10:39.199 --> 01:10:42.600
to reality. Thank you so much, joy today. Appreciate that, Appreciate

997
01:10:42.640 --> 01:10:45.039
that. Thanks for that, all
right, folk, So I mean for

998
01:10:45.159 --> 01:10:49.520
the last one as an hour goal
already we've been talking with the team from

999
01:10:49.600 --> 01:10:55.279
Clever. It's all about the opportunity
that they're visibly giving, like Jurius now

1000
01:10:55.439 --> 01:11:00.399
to partake in this global eclumn we
call the world. You know them is

1001
01:11:00.439 --> 01:11:03.520
out there and I just are getting
trained on their own on it, on

1002
01:11:03.640 --> 01:11:08.359
the economy. But we really can't
participate because we can't get paid, We

1003
01:11:08.479 --> 01:11:13.319
can't plug into that global payment network
because we are caught out. There is

1004
01:11:13.600 --> 01:11:16.199
another topic, but we are caught
out. So I love Clever solving this

1005
01:11:16.319 --> 01:11:20.640
problem for us and give give us
a good solution that we can trust.

1006
01:11:20.960 --> 01:11:26.439
I commend them for it, Philip
and to Love and all the team behind

1007
01:11:26.479 --> 01:11:29.920
you guys, great work for bringing
this out. You know we can complain,

1008
01:11:30.439 --> 01:11:33.399
but you guys are solving a problem
and that's basically what we want.

1009
01:11:33.439 --> 01:11:39.520
We are creating jobs, You are
creating productivity gains and it can only be

1010
01:11:39.720 --> 01:11:43.359
best on actually and what you guys
are doing. Then we get Philip and

1011
01:11:43.439 --> 01:11:45.720
thus sort of like, give us
the accusal remarks and they will call it

1012
01:11:46.520 --> 01:11:49.039
a weekend. Right, let you
guys go back and say both for your

1013
01:11:49.079 --> 01:11:54.000
guys, we're here every Sunday,
every time eight pm. But Philip to

1014
01:11:54.079 --> 01:11:58.880
the Butterflow, Yeah, thank you, Calu. I just want to say

1015
01:11:59.079 --> 01:12:02.720
we appreciate people who join us today. I don't have much to add other

1016
01:12:02.800 --> 01:12:08.680
than Clever has a lot of really
good things planned for our Nigerian customers and

1017
01:12:08.760 --> 01:12:12.960
just Africans or people who will be
using us in general. And we're very

1018
01:12:13.039 --> 01:12:16.920
passionate about anything we will do to
remove pain, paying around getting money,

1019
01:12:17.319 --> 01:12:23.199
paying around investing, pain around particpecting
the global economy. So continue to watch

1020
01:12:23.319 --> 01:12:27.760
the space, follow us for updates, and we want to disappoint excellent.

1021
01:12:28.399 --> 01:12:32.239
Yeah, we're just exactly right what
Philips said. We're very very passionate about

1022
01:12:32.279 --> 01:12:36.560
this space. Well, like we've
said, we've worked ATWS at Stride,

1023
01:12:38.039 --> 01:12:42.039
We're not just here to just quickly
build something for one year and be done.

1024
01:12:42.119 --> 01:12:45.199
No, we really want to solve
problems, real problems, and we're

1025
01:12:45.239 --> 01:12:48.239
starting with this problem of getting paid
in USD, but we were going to

1026
01:12:48.319 --> 01:12:53.680
be scaling and expanding to solving other
problems as well, so, like Philip

1027
01:12:53.760 --> 01:12:57.159
said, please, you know,
continue to trust us and continue to give

1028
01:12:57.199 --> 01:13:00.720
us feedback because we will improve based
on your feedback. And we're here for

1029
01:13:00.800 --> 01:13:03.159
the long term, for the long
term journey. So very excited and color

1030
01:13:03.199 --> 01:13:06.600
thank you so much for having us
today on your spaces. This has been

1031
01:13:06.680 --> 01:13:11.199
really great, really great to answer
questions and also get feedback as well.

1032
01:13:11.760 --> 01:13:14.640
And we look forward to being back
in the future as we launch more more

1033
01:13:14.680 --> 01:13:17.199
products. Look forward to its,
Clever look forward to it, and I

1034
01:13:17.279 --> 01:13:21.039
like to what you keep already beaten. We're here for the long term.

1035
01:13:21.159 --> 01:13:24.479
If you know, you know,
we're here for the long term. So

1036
01:13:24.560 --> 01:13:28.239
I love that as well that you
emphasize at that point. All right,

1037
01:13:28.319 --> 01:13:31.560
folks, thanks for hanging out with
me again this Sunday. We always here

1038
01:13:31.920 --> 01:13:35.439
and we'll actually talk money, financial
literacy, you know, just to get

1039
01:13:35.600 --> 01:13:39.560
you guys up the speed of what's
going on. Make it personal. This

1040
01:13:39.680 --> 01:13:43.479
is a personal product. I know. There's no one I know in Nigeria

1041
01:13:44.000 --> 01:13:47.479
that will not need a service that
Clever is basically giving. Non there's no

1042
01:13:47.600 --> 01:13:51.760
one either we have someone abroad or
we want to send money or receive money,

1043
01:13:51.920 --> 01:13:55.840
and we need this. So I
love it and thank you so so

1044
01:13:56.000 --> 01:13:59.119
much. Yes, this is good
to be recorded. I got a lot

1045
01:13:59.600 --> 01:14:02.000
of men messages making sure that I
record this. Yes, it's going to

1046
01:14:02.000 --> 01:14:05.840
be recorded on Twitter, but also
going to be recorded on the podcast,

1047
01:14:05.960 --> 01:14:10.920
and I will share the podcast on
my link. You can get this podcast

1048
01:14:11.119 --> 01:14:15.279
anywhere you get podcasts, but also
it's going to be on the website and

1049
01:14:15.439 --> 01:14:18.439
on as well. I'll share it
on as well. Again, guys,

1050
01:14:18.600 --> 01:14:24.840
we're going to get my book Let's
talk about your Money's special literacy forty four

1051
01:14:24.920 --> 01:14:29.800
pages, lots of pictures, all
my experience in managing money from private bank

1052
01:14:29.840 --> 01:14:31.159
and also ask the money, but
I get it. It will bless you

1053
01:14:31.600 --> 01:14:34.319
on that notes. Thank you so
much, guys. I could have done

1054
01:14:34.359 --> 01:14:38.640
this without your folks being here at
present. I wish you guys are very

1055
01:14:38.720 --> 01:14:42.520
very best. Let Monday be a
great week for you, all right,

1056
01:14:42.560 --> 01:14:46.039
folks, take care youselves and bye
bye bye. Thank you,