Patrick Awori, Founder and CEO at Imaginarium, a Kenyan-based FinTech behind the Circle, a virtual savings platform, hosts another episode of Voice of FinTech: Africa Series. Patrick talks to Tatenda Furusa, co-founder of ImaliPay.

A burgeoning gig economy has presented opportunities for the youthful workforce in Africa's fast-growing economies where formal employment has fallen short. Overall, McKinsey estimates that about 63 percent of the total labor force in Africa engages in self-employment. This trend continues as the formal economy grapples to keep up as hundreds of thousands of new entrants join the labor market each year. There is also some evidence that a formal job may not always be the best option for all.

In this episode, we explore this topic through the lens of Tatenda Furusa, co-founder of Imali Pay, a promising Nairobi and Lagos-based start-up offering tailored financial solutions to Africa's informal or self-employed workers. He walks us through his analysis of the gig economy's current market trends, COVID-19 and its impact, the future of work and how Imali Pay leverages financial technology and partnerships to meet informal workers at their point of need and proceeds to carve their share of what is a "billion-dollar" business opportunity.