This podcast episode explores the differences in investing behavior between Africa and America, highlighting the low financial literacy in Africa and the cultural emphasis on automatic investment plans and higher financial literacy in America. It discusses the impact of devaluation on saving and investment in Nigeria and the interest of Nigerian investors in both U.S. and local stocks. The episode also delves into the factors influencing investment preferences in the local stock market, the simultaneous launch of multiple apps offering US stocks in Nigeria, and the significance of onboarding processes and customer acquisition costs. It emphasizes the uniqueness and differentiation of fintech apps in the market and the importance of the bank verification number (BVN) in Nigeria's financial system. Finally, it explores the concept of the leapfrogging effect in mobile wallets and the importance of backgrounds in financial services and technology when starting a business.