Oluwatobi Boshoro, CEO, Renmoney: Male Colleagues Expect You to Take Care of their Food and Drinks Because you’re a Female, Especially on Global Assignment

Oluwatobi Boshoro, CEO, Renmoney

In this exclusive interview, Oluwatobi Boshoro, CEO of Renmoney, with over a decade experience in the Fintech space, shared insight about leveraging the power of technology to empower Nigerians and push the frontier of financial inclusion. She averred, however, that women are still underrepresented. Excerpt.

How crucial is your role to the growth and development of FinTech in Nigeria?
We’re a fintech lending company and we’re working to drive financial inclusion. While other companies do great work to on-board Nigerians into the financial system with bank accounts, we are passionate about making this inclusion count by providing Nigerians convenient access to credit, often for the first time.

What is your relationship with the FinTech industry?
We’re a very open company and we collaborate with other Fintech players. We have partnerships with Paystack and Remita among others. We’re also very active in the Fintech events such as Lagos Fintech Week, Africa Fintech Summit etc held recently in Lagos.

Do you consider yourself as a FemTech in FinTech?
I’ve spent over a decade in the Fintech space, delivering great solutions at Interswitch, Stanbic IBTC and now Renmoney. I’m extremely passionate about leveraging technology to empower people every day.

Would you say working for a bank is different from working for a Fintech firm or a startup?
There are certainly some differences. For example, Fintech companies are more data and technology-driven and have a much flatter, engaging, performance-driven culture. It’s evident when you walk into Renmoney headquarters and see our staff buzzing in jeans, T-shirts, etc. Banks are much more formal and bureaucratic.

Kindly share the biggest issues women are facing in the workplace?
Women are still underrepresented in the corporate world and we need to work harder to close this gap. So I’m really proud to be at Renmoney where we have 45% female staff and 66% female representation on our Executive Committee.

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Would you say women are underrepresented at the top of the corporate ladder?
Yes. There has definitely been a lot of progress but women are still underrepresented.

How have you faced any gender-related obstacles in your career?
Being in the tech space means people ordinarily tend towards men when it comes to making decisions, assigning roles and building strategies. I remember attending some conferences with some male colleagues and they would expect you to be the one to take care of the team’s food and drinks because you’re a female. When it was obvious that I was just as important as they were when it comes to decision making – I have built a one-of-a-kind-strategy that they could not ignore – I got the respect I deserved.

Lagos Fintech Week

Managing work-life balance is a big deal now. How do you create a balance?
I believe that the most important thing when it comes to this, is knowing when to prioritize and make your decisions as they come. I love to spend time with my family, but I also understand when I need to attend to matters at the office. Also surrounding myself with a brilliant and energetic team plays a key role in how I’m able to manage my time in order to ensure all areas of my life get the right attention.

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 What is the best advice you ever received?

The best advice I have ever received is about the importance of financial planning. It’s never too early to take an interest in investing and making your money work hard for you.

Who do you admire most in the FemTech in FinTech space?
Sheryl Sandberg – she has effectively demonstrated that women can occupy leadership positions in the tech industry through the remarkable job she’s done so far.