Oluwatobi Boshoro Resigns as CEO of Renmoney Less Than a Year After Her Appointment

Oluwatobi Boshoro

Ten months after she was appointed, Oluwatobi Boshoro has resigned from her position as the Chief Executive Officer (CEO) of Renmoney Microfinance Bank Limited. The resignation follows a decision to step away while she attends to personal matters.

While she served as the CEO of Renmoney, Boshoro worked with the team to move the company forward in leaps. Renmoney recorded profit which translated to moving into a bigger office space for the company. The company grew to become one of the most popular non-banking lenders in the country.

Oluwatobi Boshoro at Rennovation hackathon
Oluwatobi Boshoro at #Rennovate2019 hackathon

Over the last nine months, the company has successfully made its operations and services available to more people in more places within the country by the establishment of mobile experience centers across Lagos state. The mobile centers were built to provide easy access to customers who needed to reach Renmoney without them having to travel too far to complete end-to-end transactions.

In fixed deposit inflows, the company has about #170 billion and has provided over 200,000 loans to individuals and small businesses in the country.

photo: Renmoney

A member of the Chartered Institute of Marketing, UK and The Market Research Society, UK, Oluwatobi Boshoro worked with Stanbic IBTC as Head of Digital Strategy, Issuing and Service Management. She also headed the bank’s Electronic Banking and Digital Strategy units at different times.

Tobi Boshoro during her appointment at InterSwitch
Tobi Boshoro (Left) during appointment at InterSwitch

After her time working with InterSwitch in various positions which include Group Head of Issuer Management, Boshoro went on to work with Renmoney where she transformed the lending platform to the profitable and fast-rising non-banking lender it is today.

Boshoro’s immediate but temporary replacement is Kieran Donnelly. He will step down from his current position as Chairman of the Board of Directors and lead the company in his stead until Renmoney appoints a permanent CEO.


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