In the ever-evolving fintech space in Nigeria, one name is making waves—Dr. Mohammed Olatunji, popularly known as Dr. MO. At just 35 years old, Olatunji has made history as the youngest individual to serve as both Chairman and CEO of a bank in Nigeria, a remarkable achievement that has set him apart in the industry.
Dr. Olatunji’s journey to the top began at the age of 27 when he took the helm of a financial institution. His company, Moremonee, founded in 2023, has already reshaped Nigeria’s microfinance sector through innovative and customer-centric solutions, making significant strides in a short amount of time.
Recently, Dr. MO was honored with the 2025 “Legit Business Names” award in recognition of the exponential growth and impact of Moremonee. The digital bank has quickly become known for its seamless, tech-driven approach to providing financial services tailored to meet the needs of modern Nigerians.
In an exclusive interview with Legit.ng, Dr. Olatunji shared his entrepreneurial philosophy: “Aspiring entrepreneurs must trust in God, as there are forces beyond our control. Focus on creating value that positively impacts people’s lives. Take bold steps, and be flexible enough to change your plans when necessary because success rarely follows a straight line.”
From Humble Beginnings to Fintech Disruptor
A native of Kwara State and a graduate of the University of Ilorin, Dr. Olatunji’s entrepreneurial journey began early. By the age of 12, he was already designing graphics, and by 18, he had taught himself how to code. After completing his National Youth Service Corps (NYSC) in Imo State, he took a leap of faith and launched Moremonee—a digital-first bank aimed at simplifying and democratizing access to financial services for Nigerians.
Dr. Olatunji holds several impressive credentials, including being a Chartered Fellow of Financial Management, a cybersecurity expert, and a member of the prestigious Forbes Finance Council. His accolades include the Nelson Mandela Leadership and Integrity Award, as well as the Nigeria Most Respected CEO Award in 2021—recognizing his visionary leadership and commitment to ethical entrepreneurship.
Moremonee’s Meteoric Rise
Moremonee has quickly become Nigeria’s fastest-growing microfinance institution, offering a range of services through its app-based platform, including money transfers, savings, bill payments, online shopping, and business tools. The bank’s goal is to remove the traditional barriers of banking and provide Nigerians with easy, accessible financial solutions.
Among its notable achievements in 2024, Moremonee made significant strides in the financial sector:
Strategic Partnerships: The company forged an alliance with the Nigeria Inter-Bank Settlement System (NIBSS), AfriGO, and the Central Bank of Nigeria (CBN), leading to the launch of one of Nigeria’s first domestic debit cards, further promoting financial independence.
FutureBox: A high-interest savings feature designed to help alleviate poverty and empower Nigerians through digital financial solutions.
MoreBiz: This service allows entrepreneurs to set up digital shops, list and sell products, and advertise—all within the Moremonee ecosystem, thus supporting Nigeria’s growing digital economy.
5-Star Rating: In another first, Moremonee became the first Nigerian financial app to achieve a 5-star rating on the Google Play Store, cementing its position as one of the most reliable and user-friendly financial apps in Nigeria.
Dr. Olatunji’s vision continues to drive Moremonee’s growth as it reshapes the future of banking in Nigeria, making financial services more accessible and efficient for millions.
