Hey guys, we are back with another exciting episode of Afritech Verified! On this month’s episode, our host, Towsyn Omowole spoke to a formidable force in the Afritech ecosystem, our first female guest, Seun Runsewe, CEO and co-founder at Biamo Money, a fintech platform targeted at mothers. Seun is one of Nigeria’s most powerful women in tech and was recently named in Vogue as one of 6 Women At The Forefront Of West Africa’s Tech Boom.
Biamo Money is a new niche digital bank that was founded to empower mothers in Nigeria. The platform helps its users get the knowledge and finance tools from the bank built by women to own their future, by helping them store and invest money to get more control and agency for themselves and their families.
Seun Runsewe founded Biamo Money to put the knowledge and the tools in the hands of Nigerian mothers to make ideal money choices for themselves and their families. Before Biamo Money, Seun was the Vice President of Growth at Softcom, where she was leading efforts to deliver growth to Nigerian entrepreneurs through their digital bank, Eyowo. Prior to Softcom, she was the Director of Product at Opera-backed payments startup OPay, responsible for the spectacular growth in the African fintech space. She also built and beta-launched Switch by Sterling Bank, a multi- currency digital bank with integrations to interest savings, health insurance products for the Nigerian middle class and Nigerians in the Diaspora to address multiple financial needs in one place. The project earned her the title - youngest banking CEO in Africa at the time. Before building Switch, she was an early member and the Business Lead at Paystack, a Y-Combinator backed online payments company that got acquired by Stripe for $200m.
During our chat, Seun takes us through her successful career growth, from consulting at one of the world’s big four consulting firms, to being Africa’s youngest bank CEO, and finally co-founding Biamo money. She also talks through her immense contribution to West Africa’s tech ecosystem.
Finally, she gave her thoughts on challenges around trust and education in finance, the hyper-growth of the ecosystem within the next five to ten years, the creation of more niche companies due to improved infrastructure, and more.
There are lots of barriers for entry to women. Seun is passionate about breaking these barriers by empowering more women through finance and breaking the taboo around talking about money. She wants to make money work for women through Biamo money. It is no surprise that Seun has launched something on her own after the great success that she has had working in Africa’s fintech space.
Listen to the full episode here.
You can connect with Seun Runsewe via LinkedIn or Twitter.