The people who call the shots at Piggytech

In six years, prospects withdrew ₦1.1 trillion from Piggytech, a Nigerian fintech app. Here are the executives who powered the firm’s progress. 

Piggytech, the father or mother firm of Piggyvest, Pocket, and Patronize, has grown from a financial savings platform in 2016 to a diversified monetary providers firm with a number of licences at this time with over 170 employees. Powering this exceptional progress has been the similar set of cofounders and executives who have been college students collectively at Covenant University. 

Founded in 2016 by Somto Ifezue (CEO), Odunayo Eweniyi (COO), and Joshua Chibueze (CMO), the firm operates a hierarchical construction the place the co-founders and the founding workforce—Nonso Eagle (chief artistic officer), Terry Kanu (chief partnerships), Ibukun Akinola (head of buyer finance), and Ayo Akinola, who now works on the Pocket product—report on to Ifezue. 

All seven have been a part of the founding workforce at PushCV, a recruitment firm based two years earlier than Piggytech. That the workforce has remained collectively for therefore lengthy is uncommon in Nigeria’s fintech area, the place churn is kind of widespread and cofounders usually depart firms. “We are friends and have been through it all together. It’s like having your own accountability group. We know our strengths and weaknesses and have been able to complement each other,” Chibueze advised TechCabal on how the founding workforce has been capable of keep collectively.

The stability additionally flows to center administration, the place the firm prefers to advertise internally somewhat than herald new hires. According to a supply at the firm, Piggytech not often breaks this custom and the few cases that it was damaged have been when a brand new division was created. 

“When we started to expand into what we are today, it was very clear that we should promote the people from the beginning, and they have over the years improved themselves. The people who are in top positions today are mostly people who understand the core values and DNA of the company,” Chibueze mentioned. 

High-profile management modifications embody the latest rent of Sayo BiluBaje from Stanbic IBTC Stockbrokers as Senior Compliance Officer in 2022, Daniel Orubo from Zikoko as Head of Content and Content Strategy in 2021 (the division covers social media, model design, and advertising), the rehiring of Karen Onigbide as Senior Product Manager (Onigbide had beforehand labored at PushCV and Piggyvest as product supervisor and product specialist) in 2021, and the promotion of Ojimaojo Udale-Ameh to Head of Engineering, who has been with the firm since 2019. 

The engineering workforce reviews to Ifezue, the firm’s first engineering lead. The authorized, enterprise improvement and operations groups report back to Eweniyi, whereas the whole advertising, content material and buyer success groups report back to Chibueze, who leads the largest workforce.

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