A transformative force is rapidly reshaping Nigeria’s fintech landscape, with Dr. Mohammed Olatunji, known as Dr. MO, leading the charge. This visionary entrepreneur, who made history by becoming Nigeria’s youngest bank Chairman and CEO at 35, is propelling his digital bank, Moremonee, to unprecedented heights.
Launched in 2023, Moremonee has swiftly disrupted the microfinance sector with its innovative, customer-centric solutions, earning the prestigious 2025 “Legit Business Names” award for its remarkable growth and impact. The app-based platform has become synonymous with seamless, tech-driven financial services tailored for the modern Nigerian.
Dr. MO, a Kwara State native and University of Ilorin alumnus, attributes his success to a blend of faith, value creation, and adaptability. “Aspiring entrepreneurs must learn to put their trust in God because there are forces beyond your control,” he advises. “Focus on creating value that positively impacts people’s lives. Take bold steps, and be flexible enough to change your plans when necessary.”
His journey, marked by early forays into graphic design and coding, culminated in the launch of Moremonee, a digital-first bank democratizing access to financial services. Dr. MO’s credentials, including a Chartered Fellowship in Financial Management and membership in the Forbes Finance Council, underscore his commitment to ethical and visionary leadership.
Moremonee’s meteoric rise is punctuated by groundbreaking achievements in 2024: strategic alliances with NIBSS, AfriGO, and the CBN to introduce a pioneering domestic debit card; the launch of FutureBox, a high-interest savings feature aimed at poverty alleviation; the introduction of MoreBiz, empowering entrepreneurs with digital storefronts; a landmark 5-star rating on the Google Play Store; and NCC approval for the 5116# USSD short code, extending financial access to underserved rural areas.
These innovations have earned Moremonee the “Best Savings Fintech App of the Year” award, solidifying its reputation as a platform built on accessibility, innovation, and social impact.
Looking ahead to 2025, Dr. MO and his team are setting ambitious goals, including enhanced customer service, personalized banking tools, and the “Operation Feed the Nation” initiative to combat food insecurity. Moremonee is also forging strategic partnerships and planning expansion into other African markets.
“We’re not just building a financial app—we’re building a financial revolution that works for every Nigerian, no matter their location or income level,” Dr. MO affirms.
