Moniepoint, a leading Nigerian fintech company, has made a strategic move by appointing Bayo Olujobi as the Chief Financial Officer of its microfinance bank subsidiary.
Olujobi, a seasoned finance professional with over 20 years of experience, joins Moniepoint from Stanbic IBTC Bank, where he served as the Chief Financial Officer. This appointment comes shortly after Moniepoint’s successful $110 million fundraise and its partnership with the Corporate Affairs Commission to digitize operations for millions of SMEs.
“I am really excited to have the opportunity to join Moniepoint at this time. The bank has developed an unparalleled customer proposition across the business and personal banking segments and I believe it is on the cutting edge of delivering what the consumer craves—a secure, convenient and easy platform to manage their financial lives. Moniepoint is right at the forefront of this movement,” Olujobi said in a press release seen by news sources.
Olujobi’s expertise will be instrumental in driving Moniepoint’s growth and expansion plans, including its ambitious goal of onboarding 30 million businesses across Africa.
Olujobi’s appointment reflects a broader trend in the fintech industry, where startups are increasingly attracting top talent from traditional financial institutions.
As the fintech sector continues to thrive, we can expect to see more high-profile appointments in the coming months.
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