Afrigather Since its founding in 2021, Herconomy claims to have amassed over 10,000 lively customers. The startup is not only a female-led fintech but additionally a neighborhood initiative. Ife Durosinmi-Etti, an creator and a 2016 recipient of the Tony Elumelu Basis Entrepreneur Award leads because the founder and CEO.
In 2010, a report by the National Financial Inclusion Strategy (NFIS) revealed that out of 39.2 million financially excluded people in Nigeria, 54.4% had been girls. This alarming statistic prompted the rise of fintechs aiming to bridge this hole, amongst which Herconomy emerged as a “female-focused” fintech startup.
Herconomy’s roots hint again to the “AGS Tribe”, a neighborhood launched following the acceptance of Accessing Grants for Startups, a e-book authored by Ife. The e-book contained info on find out how to entry grants, fellowships and scholarships. Based on Ife, extra individuals requested about new alternatives which led to the necessity to kind a neighborhood for simpler technique of communication and sharing alternatives.
The neighborhood’s development led to the event of an app for internet hosting financial savings challenges, marking the corporate’s pivot to monetary companies when integrating a financial savings API proved difficult. “I’m a solo founder however I’ll say our neighborhood began Herconomy,” Ife stated.
With an total measurement of 23 employees members, the corporate operates a hierarchical construction, with Genevive Obi because the Chief Working Officer (COO) and Dolapo Sanusi Ola because the Chief Monetary Officer (CFO). Each report on to Ife Durosinmi-Etti, founder and CEO. Genevive, who has expertise in advertising and marketing communications and relationship administration, shapes the corporate’s technique. She manages efficiency and oversees annual operations planning. Dolapo, additionally a co-founder of Nest Agribusiness and Applied sciences, oversees Herconomy’s monetary operations.
The construction consists of center administration, with Gbemisola Araba serving because the Folks Operations Supervisor. Gbemisola served as a Human Sources officer at Herconomy between 2020 and 2021. Anu Oyeleye, who has earlier expertise as a product administration advisor at Begine Fusion and as a product advertising and marketing analyst at Entry Financial institution, is the Product Supervisor at Herconomy. Each report back to Genevive(COO) and Dolapo (CFO).
“We even have supervisors reporting to their managers, and on the operational degree, employees who report on to the supervisors,” Ife defined.
Pushed by the assumption that the neighborhood’s enter is instrumental in shaping its path, Herconomy lives by the mantra “the neighborhood calls the photographs,” as affirmed by Ife.
This TechCabal org chart particulars the management construction of Herconomy.
If you want to showcase the management construction of your startup on this means, contact the creator of this text: towobola@bigcabal.com.
