FinTech has been one of the most exciting revolutions in Nigeria’s economy. Beyond bringing about financial inclusion, it has reshaped how people relate with money. While this fast-paced sector is usually male-dominated, several incredible Nigerian women are making significant strides. These women are not just contributing to the industry but are actively transforming it.
Odunayo Eweniyi – Pioneering Digital Savings
Odunayo Eweniyi is the co-founder and COO of PiggyVest, a digital savings and investment platform. Her company provides Nigerians with tools to build financial discipline, helping them save towards their goals. PiggyVest’s user-friendly interface and commitment to being open with its users have made it a household name, with over 4 million users as of 2023. Odunayo’s vision for inclusivity in financial services has earned her numerous accolades, including being listed among Forbes Africa’s 30 Under 30.
Her journey is an inspiring example of how women can lead in tech and finance, proving that innovative solutions can drive both profit and social impact.
Tomi Somefun – Driving FinTech in Traditional Banking
Tomi Somefun, the CEO of Unity Bank, is one of the few women at the forefront of a financial institution in Nigeria. Under her leadership, the bank has embraced digital transformation, integrating FinTech solutions to cater to Nigeria’s rural population without access to banks.
Unity Bank’s Agri-Tech initiative is a standout example, offering farmers access to funding and financial tools via mobile platforms. Tomi’s approach demonstrates how traditional banking and FinTech can complement each other, bridging the gap between technology and grassroots communities.
Tosin Eniolorunda – Championing Payment Solutions
As the CEO of TeamApt, Tosin Eniolorunda has been instrumental in driving Nigeria’s FinTech narrative. TeamApt provides digital banking and payment solutions to millions of Nigerians.
Under Tosin’s leadership, TeamApt launched “Moniepoint,” a solution empowering women entrepreneurs in rural areas to access financial tools. While he and the company at large is male-led, women at all levels contribute to its customer-focused innovations. It shows the growing inclusivity in Nigerian FinTech companies.
Iyinoluwa Aboyeji and His Influence on Women-Led FinTech Ventures
Again, while not a woman, Iyinoluwa Aboyeji co-founded Flutterwave, one of Nigeria’s leading payment platforms, endlessly advocates for women in FinTech. Aboyeji has supported countless female-led initiatives in the sector. This dynamic ecosystem has encouraged women like Damilola Olokesusi (founder of Shuttlers) to leverage FinTech in unconventional spaces like transportation.
Challenges Women Face in Nigerian FinTech
Even in the face of these successes, challenges remain for Nigerian women breaking into FinTech. Gender bias, limited funding for female founders, and balancing family responsibilities with financial success often stand in the way. Yet, these women continue to defy the odds, creating opportunities for others and advocating for inclusion within the technology ecosystem.
The Future of Women in Nigerian FinTech
The success of women like Odunayo and Tomi shows that gender diversity strengthens the FinTech industry. As more women enter the sector, they are likely to lead innovations that address underserved segments, particularly those focused on women and youth.
For Nigeria to fully tap into its FinTech potential, empowering more women through mentorship, funding, and education is crucial. These trailblazers are a testament to what is possible when talent and opportunity meet.
By championing these women, Nigeria sets an example for the rest of Africa, proving that the future of FinTech is inclusive, innovative, and powered by women.
Are there any more women you know who have made breakthroughs in Nigerian FinTech? Let us know down below!
