Pawel joins the business from Capital One, where he served as Managing Vice President for over four years. At Capital One he was responsible for the bank’s financial inclusion programme, working to ensure that the millions of underbanked people across the U.S had fair access to credit by refining the businesses’ data science system. Prior to working at Capital One, Pawel was part of the management team at the world’s largest hedge fund, Bridgewater, where in ten years he oversaw growth from 150 employees to over 2,000. He has also previously worked for McKinsey and holds an MBA from Harvard Business School.

At Moniepoint, Mr Swiatek will work closely with Moniepoint’s CEO Tosin and the rest of the senior management team, overseeing daily business operations and functions. He will relieve Tosin from the day-to-day operational running of the business, allowing him to focus more on growth as Moniepoint continues to scale globally. Pawel will be initially focusing on reworking Moniepoint’s operating system, ultimately ensuring the business is able to more accurately predict growth and key trends through a data-science led approach.

Pawel Swiatek’s hire comes shortly after Moniepoint received funding from global fintech venture capital firm, QED Investors - their first investment into Africa.

Profitable since day one, Moniepoint is the partner of choice for over 600,000 businesses of all sizes and is digitising the local economy to provide Nigeria's 41 million SMBs with equal access to the tools they need to grow and scale. In 2022 alone Moniepoint processed over $100 billion, facilitated $1.4 billion in disbursed loans with a default rate of less than 1% , processed 8,000 transactions per minute and handled over 55 million unique cards.

Moniepoint co-founder and CEO Tosin Eniolorunda, said: “As we continue to scale and grow, it’s crucial that we attract the best talent from around the world. Pawel will make a fantastic edition to our senior team and his experience in the financial services space is unparalleled. Pawel has an incredible drive and passion to make the world a more financially inclusive place, a common vision that we’ve long shared at Moniepoint and I can’t wait to work with him to bring this to life.”

Moniepoint’s Chief Operating Officer Pawel Swiatek, said: “Since meeting Tosin last year I haven’t been able to stop thinking about Moniepoint and the huge potential it has to create genuine, meaningful change on a huge scale. The team have seen rapid growth over the past few years and part of my role coming in will be to take over the day-to-day operational running of the business and enable us to more accurately predict growth as Moniepoint continues to scale and enter new markets.”