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Tosin Eniolorunda

CEO & Founder, TeamApt

Search every verified Tosin Eniolorunda interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. Tosin Eniolorunda, CEO and founder of TeamApt, discussed the company's origins and mission in a recent interview. He said he grew up in Ibadan and studied Mechanical Engineering at Obafemi Awolowo University, where he developed an interest in building solutions. He stated that his time at Interswitch inspired him to build a company with co-founder Felix Ike, which started as TeamApt and eventually became Moniepoint. Eniolorunda described the company's mission as "to provide financial happiness," adding that money plays a significant role in people's well-being. Eniolorunda also addressed remarks about Nigerian staff, clarifying that he did not say Nigerian staff are incompetent. He noted that he is Nigerian, that 90% of Moniepoint's staff are Nigerian, and that all of the company's founders are from Nigerian universities. He emphasized the need to develop the capacity of Nigerians to remain globally competitive, citing Moniepoint's in-house development of complex technology, including a core banking application, by Nigerian engineers. He also mentioned plans for an innovation hub, describing it as a sustained effort rather than a public relations event.

Recent appearances

Notable quotes

“First of all I'm not sure I said Nigerian staff are incompetent. I am I am Nigerian. 90% of all our staff are Nigerian. 100% of the people that started Moneypoint are Nigerians from various Nigerian universities. Maybe I will use this moment to clear that thing, you know, because the internet sometimes likes sensationalism. And what I what what's what I said is Nigeria, we are one of the brightest people in the world”

“Money Point's mission from the very beginning has always been to provide financial happiness and the reason for this mission is because I kind of feel like the most universal thing to everybody is good feelings aka what you know philosophers will call happiness and whether we like it or not money is a big participant in that happiness and if we can find a way to make technology make people find happiness is a worthy ”

“One of the things that gives me joy today is the fact that we are lending to more and more smaller businesses. Businesses that are just looking for 500,000, 1 million naira. It doesn't have to be every day, you know, 1 billion customer or 50 million customer. Because I think that is where true financial inclusion is coming from.”

“I think it's a combination of all the things you have mentioned. Policy certainly was very explicit about cashless. Nigeria has had a cashless policy for well over a decade. And two, Nigeria brought real-time interbank transactions real-time, which when it started maybe 12 or 13 years ago was also quite the... Also, Nigeria made sure that the prices were low. Up till today, Nigerian interchange prices is one of the l”

“If you don't set goals in a larger organization also the organization begins to move in any direction that you want that that you don't want. People work with vibes. People work with no no particular direction in mind. in a money in an organization like money point with 5,000 employees you can imagine how hard it is to be able to now set a direction for everybody to move when you're even especially remote even if you”

“I blame quite a bit of things. I blame our education system. I used to feel like Nigerians are really really bright and I am honestly beginning to feel like we need to do something to prevent the general IQ of this country from going lower. I am really really worried. I used to feel like intelligence is equally distributed around the world but I am realizing now that environment shapes a lot of things. I am realizing”

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