Moniepoint, a leading Nigerian fintech valued at over $1 billion, has named Bayo Olujobi as CFO of Moniepoint MFB. Olujobi brings over 20 years of finance experience, having joined Moniepoint from Stanbic IBTC Bank, where he served as CFO. His new role at Moniepoint MFB highlights Moniepoint’s focus on expanding services across Africa.
Expanding Services to Empower African Businesses
In his position as Moniepoint CFO, Olujobi will drive finance strategies that align with Moniepoint’s mission to empower small and medium-sized enterprises (SMEs) in Africa. Moniepoint recently partnered with the Corporate Affairs Commission (CAC) to digitize operations for 2 million SMEs. This collaboration supports the company’s goal of onboarding 30 million businesses in the next five years. Furthermore, Moniepoint plans to expand its digital payments, banking tools, and financial management resources to support businesses across Africa.
Enhancing Digital Banking in Africa
Moniepoint’s focus on expanding digital banking will be one of Olujobi’s top priorities. By providing innovative financial services, Moniepoint aims to offer tools that help businesses thrive. With the addition of Olujobi, Moniepoint MFB is prepared to meet increasing demands for accessible digital banking and credit solutions.
A Trend of Attracting Top Talent
Olujobi’s appointment is part of a growing trend in which African fintechs attract top talent from traditional banking institutions. Since April, Moniepoint has increased hiring in compliance and finance by bringing in skilled professionals to support its ambitious goals. As Moniepoint CFO, Olujobi’s insights and experience will strengthen the company’s ability to adapt to regulatory standards and achieve sustainable growth.
Driving Financial Innovation for the Future
Expressing enthusiasm, Olujobi shared, “I am thrilled to join Moniepoint at such a transformative stage. Moniepoint has created an unparalleled experience for customers in both business and personal banking. I believe our approach will deliver secure and convenient financial solutions that meet customer needs.”
With Olujobi leading financial strategy, Moniepoint aims to solidify its position as a trusted fintech partner for African businesses, driving innovation and empowering companies across the continent.
