Pawel Swiatek, formerly of Capital One Senior Vice President, is going to be taking over as the Chief Operating Officer of Moniepoint, a Nigerian microfinance Bank.
In order to assist Moniepoint in achieving its objectives, he will be responsible for directing the company’s strategy as well as its implementation, which will include the development of policies, tools, metrics, and culture.
Swiatek spent the previous four years of his career at Capital One, an American bank holding corporation, in the role of managing Vice President before beginning employment at Moniepoint.
According to Tosin Eniolorunda, CEO and founder of Moniepoint, Swiatek will work closely with both of them, as well as the rest of the senior management team, to guarantee that the company is able to more efficiently service its approximately 600,000 enterprises through an approach that is lead by data science.
Pawel Swiatek is originally from Poland; however, he has resided in the United States of America for a significant portion of his life.
Read also: TeamApt rebrands, becomes Moniepoint to support African SMEs
Before joining Capital One, he worked as a member of the management team at Bridgewater, which is the largest hedge fund in the world. Throughout his decade there, he supervised the company’s expansion from 150 to over 2,000 personnel. In the past, he held a position at McKinsey, and he earned his MBA from Harvard Business School.
More on the Company’s Transition
The company formerly known as TeamApt as Moniepoint has recently gone through a process of rebranding, changing its name to Moniepoint and moving its headquarters to the United Kingdom.
With an annualised Total Payments Volume (TPV) of more than $170 billion and a customer base of over 600,000 businesses, Moniepoint is currently responsible for processing the vast majority of point-of-sale (POS) transactions in Nigeria. This has enabled the company to more than double its annual revenues in 2022.
Swiatek is coming on board at a crucial juncture in the evolution of this business, and it is anticipated that he will use his prior experience in financial inclusion to contribute to the development of a more robust organizational framework in preparation for the challenges that lie ahead.
About Moniepoint
The services provided by Moniepoint, which is a community-based bank, are provided by Moniepoint MFB Limited, which is a microfinance bank that has been properly licensed by the Central Bank of Nigeria (CBN). TeamApt is a leading fintech company in Nigeria that was founded in 2019, and Tosin Eniolorunda serves as the company’s CEO. Moniepoint is a mobile money agent company that is owned by TeamApt.
Moniepoint, formerly known as TeamApt, is a fully digital bank that was established in 2015 by Tosin Eniolorunda and has its headquarters in Lagos, Nigeria. The bank operates in both Nigeria and the United Kingdom.