Leading Fintech Moniepoint Appoints Capital One Veteran as Chief Operating Officer
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Pawel Swiatek comes from Capital One, an American financial company, where he was CEO for over 4 years
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With $100 billion processed by 2022 at a rate of 8,000 transactions per minute, and having grown by more than 300% every year since its launch in 2019, London and Lagos-based Moniepoint serves over 600,000 businesses
LONDON, March 6, 2023–(BUSINESS WIRE)–All-in-one business banking platform, Moniepoint Inc (formerly known as TeamApt Inc), today announces the appointment of Pawel Swiatek as Chief Operating Officer.
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Pawel Swiatek, Chief Operating Officer (Photo: Business Wire)
Pawel joins the business from Capital One, where he served as CEO for over four years. At Capital One, he was responsible for the bank’s financial inclusion program, working to ensure that millions of underbanked people across the US had equitable access to credit by improving the company’s data science system. Before working at Capital One, Pawel was part of the management team at the world’s largest hedge fund, Bridgewater, where in ten years he oversaw the growth from 150 employees to over 2,000. He also previously worked for McKinsey and holds an MBA from Harvard Business School.
At Moniepoint, Mr Swiatek’s financial inclusion experience will be brought to bear in building an execution operating system within the organization, including driving strategy and execution by building policies, tools, metrics and culture to help the company achieve its goals. He will work closely with Moniepoint CEO Tosin Eniolorunda and the rest of senior management, to ensure the business is able to more accurately forecast growth and key trends through a data science-led approach.
Profitable since 2020, Moniepoint Inc.’s platform, said to be the Square for Africa, is the partner of choice for over 600,000 businesses of all sizes. Helping to digitize the local economy across the continent, it activates a POS terminal every 30 seconds for its merchants in Nigeria to give them equal access to the tools they need to succeed.
Moniepoint Inc. Co-Founder and CEO Tosin Eniolorunda, said: “As we accelerate our growth, it is imperative that we attract the best talent from around the world. Pawel is one such talent and will make a fantastic addition to our senior team. He has an incredible drive and passion to make the world a more economically inclusive place, a vision we have long shared at Moniepoint and I look forward to working with him to bring this to life.”
Moniepoint’s Inc. Chief Operating Officer Pawel Swiatek said: “Since meeting Tosin last year, and subsequently visiting the Nigerian market, I haven’t been able to stop thinking about Moniepoint and the huge potential it has to create real, meaningful change. The team has seen rapid growth in recent years, and a part of my role coming in will be to take over the day-to-day running of the business and enable us to forecast growth more accurately as Moniepoint continues to scale and enter new markets.”
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About Moniepoint
Moniepoint is a leading African banking and business platform building the all-in-one solution to help businesses grow without borders. Founded in 2015, Moniepoint’s technology powers over 600,000 businesses, offering all the payment, banking, credit and business management tools they need to succeed. It aims to create financial happiness and grow local economies by providing the essential technology tools to any business owner, regardless of their digital literacy level.
Moniepoint is Nigeria’s largest card payment operator, processing over $10 billion monthly. It is profitable and in 2022 became QED Investor’s first investment in Africa.
For more information, please visit: https://moniepoint.com/
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