Fintech Veteran Paul Oladimeji Takes Helm at Onboard

Nigerian fintech startup Onboard has announced a significant leadership change, with Paul Oladimeji stepping in as Chief Executive Officer and Yele Bademosi transitioning to Chairman. This strategic move comes after nearly five years of Bademosi’s leadership.

The company framed this transition as part of a broader restructuring focused on strengthening its regulatory foundations and partnerships within key markets like Nigeria. Details about specific developments in Nigeria are expected to be shared soon.

Proven Track Record for New CEO

Oladimeji brings extensive experience in building financial technology solutions, including over eight years at TeamApt (now Moniepoint) where he developed core infrastructure components. He joined Nestcoin, Onboard’s parent company, in November 2022 and has since led the development of key products like Onboard Business and its API.

Bademosi expressed strong confidence in Oladimeji’s ability to lead Onboard forward, noting his central role in building the company’s current capabilities. As Chairman, Bademosi will focus on capital allocation, strategic partnerships, investor relations, and governance.

Strategic Shift for Onboard

This leadership change reflects a wider evolution at Onboard toward becoming a financial services and infrastructure provider that connects local currencies with dollars and stablecoins across emerging markets. While the company continues to offer consumer products, it’s increasingly focused on building APIs and solutions for other businesses through Onboard Business.

The company maintains its mission of ensuring equal access to quality financial services regardless of geographic location.