Ayodeji Ayenuwa
Payhippo, a well-known Nigerian fintech company with a focus on lending to small and medium-sized businesses (SMEs), has made a significant leadership change.
Dami Olawoye, formerly the Chief Financial Officer (CFO) at Payhippo, will now serve as the company’s new CEO. This transition in leadership sees Olawoye stepping into the role previously held by Zach Bijesse, who will shift to a position on the company’s board of directors.
In his statement regarding his new role, Dami Olawoye expressed his excitement, saying, “I am deeply honoured to become CEO of Payhippo. Payhippo is a leading player in Nigeria’s fintech sector, and I am excited to lead the company’s growth and continued support for small businesses across the country. I am particularly passionate about Payhippo’s new products, which will help small businesses in the renewable energy sector scale up and create jobs.”
With his extensive experience in the thriving SME sector across West Africa, Olawoye is well-prepared to lead Payhippo as it enters its next phase of expansion.
Outgoing CEO Zach Bijesse shared his confidence in Olawoye’s leadership, stating, “I’ve always believed that Payhippo has the potential to be a force for good in Nigeria, helping small businesses grow and create jobs. I’m confident that Dami will continue to lead Payhippo forward on this mission, and I’m excited to see what the future holds for the company.”
Strategic Vision
Payhippo’s strategic vision includes diversifying its product portfolio to encompass asset finance and inventory finance, with a specific focus on the burgeoning renewable energy sector in Nigeria.
This expansion is a response to the increasing demand for financing solutions in a sector that experienced a 50% surge in solar equipment sales in 2022.
In a country where small businesses are crucial contributors to the national GDP and employment, the importance of supporting this sector cannot be overstated.
Dami Olawoye’s appointment as CEO emphasizes Payhippo’s dedication to this mission, with a particular emphasis on assisting small businesses in the renewable energy sector to scale up and create employment opportunities.
Techrectory with Agency Report.
