Moniepoint taps Stanbic IBTC CFO as MFB leader, possibly signalling commercial bank ambitions
- Moniepoint hires ex-Stanbic IBTC CFO Bayo Olujobi as CFO of its microfinance bank.
- Moniepoint recently attained unicorn status with a valuation of over $1 billion.
- The fintech processes over $150 billion in transactions annually.
Moniepoint's strategic hiring of Bayo Olujobi reflects a forward-thinking approach to scaling its operations and entering the commercial banking sector. This move not only strengthens its financial oversight but also positions the company to leverage regulatory insights crucial for navigating the complexities of the banking landscape. As the fintech sector continues to evolve in Africa, Moniepoint's ambitions could set a precedent for other fintechs looking to expand their services.
