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To be featured, email spotlight@techpoint.africa Helping financial institutions expand internationally without having to rebuild their payment infrastructure market by market. Adejuwon Oyebanjo is a fintech and payments executive, entrepreneur and commercial leader with more than a decade of experience building, scaling and commercialising financial infrastructure across Africa and global markets. Expansion has been one of fintech’s favourite success stories.
Growth, especially in fintech, has often been measured by how quickly a company can move. But Adejuwon Oyebanjo, Co-Founder and Chief Commercial Officer (CCO) of Passpoint, thinks the industry may need to slow down and ask a more basic question: Is the business actually working? “The reason why businesses are started in the first place is to be profitable enough to remain, while solving for certain economic issues,” Oyebanjo says.
It is a simple point, but one that can get lost in an industry where growth is often celebrated long before profitability. “I think businesses need to take back the philosophy of growing at all costs, out of the scenario, as against actually building a business that solves for a certain issue, and does so in a commercially viable way,” he says.
Oyebanjo’s perspective comes from having spent his career on the commercial side of banking and fintech. As a child, his introduction to technology came through an HP laptop his father bought. It came with games, typing software, and the Microsoft Office suite, and Oyebanjo spent time exploring whatever he could find on