Moniepoint Inc., a Nigeria-based fintech widely described as one of Africa's fastest-growing companies, has risen to prominence over the past few years. Its growth tracks the broader expansion of digital payments and agency banking across Nigeria and the wider continent, where fintechs have moved into services once dominated by traditional lenders.

Founded in 2015 by Tosin Eniolorunda and Felix Ike following their departure from Interswitch, Moniepoint has evolved from a payment infrastructure provider — building its early business around point-of-sale terminals and agency banking for small businesses — into one of Africa's leading banking providers, processing more than 1 billion transactions monthly with a value of approximately $22 billion.

In October 2024, the company closed a $110 million Series C funding round, elevating Moniepoint to unicorn status. More recently, the Financial Times ranked it among Africa's fastest-growing companies for the third consecutive year, reflecting its rapid expansion.

That expansion has required the company to deepen its leadership bench, and Moniepoint's hiring pattern is notable: several senior hires appointed since late 2023 come from established banks and from founder backgrounds, suggesting the company is blending corporate financial-services discipline with entrepreneurial product experience as it scales. Moniepoint's performance rests on both financial and human capital, and its team includes professionals with strong track records — among them several people who were founders themselves before joining the company. Below is a look at some of these employees.

1. Bayo Oluforta – Chief Financial Officer

Former Stanbic Bank executive Bayo Olujobi was appointed Moniepoint's Chief Financial Officer (CFO) in November 2024. He joined the startup from Stanbic IBTC Bank, where he served as CFO of Stanbic IBTC Capital.

With more than twenty years of experience in the financial sector, Olujobi has demonstrated expertise across the field. His strategic vision and leadership have been instrumental in driving financial performance and operational efficiency at both Stanbic IBTC and Asset and Resource Management Company (ARM), where he previously worked.

Olujobi holds a Bachelor's Degree in Economics from Lagos State University and a Master of Business Administration (MBA) from the Cranfield School of Management in the UK. He has also received the Financial Services CFO of the Year (West Africa) and Most Innovative Financial Services CFO (Africa) awards.

2. Nelson Nelson-Atuonwu – Director of Product

Appointed Moniepoint's Director of Product in December 2024, Nelson Nelson-Atuonwu joined from Grip, a company he co-founded in 2021, where he spearheaded the launch of an instant card-issuing product.

Under his leadership, Grip's team won first runner-up (a N10 million prize) at Wema Bank's Hackaholics 4.0 pitch competition.

Nelson-Atuonwu has focused on leading product strategy and architecting systems that create seamless, connected financial experiences for users. His earlier contributions included shaping core banking infrastructure at Interswitch and driving global product initiatives at Nomba. At Moniepoint, he was appointed to help build out its payments and banking services. He holds a bachelor's degree in computer science from Salem University.

3. David Ijaola – Product Manager

David Ijaola co-founded Sandbox in July 2022, a platform that connects top-tier product managers with talent seeking their next opportunity.

Early in his career, Ijaola recognized the potential of technology to foster both lifestyle and economic growth. Today he leverages technology to drive positive change and has co-founded businesses spanning research and investment, branding, media, and technology.

Before joining Moniepoint in September 2024 as Product Manager, Ijaola served in the same role at Norbase, Fidia, and Nigenius between April 2023 and September 2024. He also worked as Product Lead at Bonadocs, with expertise spanning economics and product development.

4. Babatunde Olofin – Managing Director

Although Babatunde Olofin is not a founder in the strict sense, his extensive banking industry experience earned him a place on this list.

Appointed in October 2023, Olofin currently serves as Moniepoint's Managing Director, having previously served as Executive Vice President, Business Banking & Card Products.

He brings more than 15 years of experience in the banking and fintech space. Between September 2004 and July 2021, he held key positions at First Bank, FCMB, Oceanic Bank (now EcoBank), and Sterling Bank. With a strong software engineering background, Olofin has excelled from the start of his career through to his current role at Moniepoint. He holds a Master's degree in Business Information Systems from Tshwane University of Technology in Pretoria, South Africa.

5. Bukola Bankole – Product Manager, Business Loans

Before joining Moniepoint in October 2022 as a Product Management Intern, Bukola Bankole led Laba Laba Media, a brand management firm she founded in December 2013. She is experienced in product development and communication for user-centric solutions.

With more than eight years in marketing, Bankole has contributed to the growth of several companies, including Code4TEEN, Raven Treat, and IRoko Partners Ltd.

At Moniepoint, she rose from intern to Product Manager within two years. She holds a Bachelor's Degree in Industrial Relations and Personnel Management from the University of Lagos. Her progression from intern to product lead illustrates the internal mobility the company has used to develop talent as its product portfolio — including business lending — has widened.