Segun Adeyemi, who sold his company Amplify to OneFi has been appointed the new country manager for JUMO Nigeria, as the firm moves to be a fintech force across Africa and Asia.
His appointment comes just weeks after JUMO appointed Africa and India CEO’s to drive expansion.
“After taking some time off to rest, sleep, read, travel and more recently for nuptials, I am super excited to share that I have joined JUMO as Country Manager for Nigeria,” posted Adeyemi on LinkedIn.
As CEO, Segun Adeyemi departed his firm five months ago when his startup Amplify was acquired by OneFi to bolster its financial services offerings.
Amplify, now owned by OneFi, builds and facilitates payment solutions and digital financial transactions in Nigeria. Amplify’s assets, trademarks, patents and flagship products, AmplifyPay and mTransfers, are working under OneFi in what, Chijioke Dozie, OneFi Founder and CEO calls its “transformation from a digital lender to a diverse digital financial services platform focused on transactions, payments and loans.”
Launched in 2015 by Segun Adeyemi and Maxwell Obi, who first met as Entrepreneurs-in-Training at MEST Africa’s Entrepreneurial Training Program in Accra, Ghana. Amplify has scaled quickly to become one of Nigeria’s leading online recurring payment processors, supporting over 1,000 merchants and facilitating digital transactions for four of the country’s largest banks.
Of major interest to OneFi were Amplify’s AmplifyPay – a payment gateway specialising in recurring transactions – and mTransfers – a keyboard banking solution that enables consumers to conduct bill and P2P payments in any chat app.
Amplifypay continues its journey to enable users to receive, accept and manage recurring payments in Nigeria without needing a single line of code. Users could also create a simple form and send the link to their customers in order to get paid.
The platform allows users to accept payments in over 40 currencies from VISA, Mastercard, Verve, and American Express. Customers are also able to pay directly from their bank accounts. AmplifyPay was formerly known as Slushpay joining platforms Flutterwave, IroFit, Simplepay, Quickteller, and Interswitch among others.
According to Adeyemi, he accepted to join JUMO because of what it does.
“I took some time to reflect on what next. The guiding philosophy for what I wanted to do next was an alignment with my personal mission of – contributing significantly to the economic prosperity of my environment,” he said in his LinkedIn post. “My next gig must provide an opportunity for me to create impact at scale and spur my personal growth and development.”
After a few months of thinking, joining JUMO was the most compelling and strategically aligned next step for him, Adeyemi explaining as he took over the leadership of the firm which allow mobile phone users to access credit, savings, insurance and other financial services.
Founded in London in 2015, JUMO is a full technology stack for building and running financial services. It enables its partners to offer next-generation savings, lending and insurance products to entrepreneurs in emerging markets.
JUMO ensures that anyone with a cell phone and mobile wallet can access financial services to prosper, build their businesses and drive economic growth. Since inception, JUMO has served over 13 million customers, disbursed over USD$1 billion in loans and raised USD$103 million in funding from globally respected investors.
As JUMOs Country Manager for Nigeria, Adeyemi will be responsible for setting up and building JUMO in the country to help achieve the firm’s transformative mission in a population of around 200million, with only about 70 million banked. With about 170 million mobile subscribers, he sees Nigeria as a ripe market for JUMO.