Expansion has been one of fintech’s favourite success stories. Growth, especially in fintech, has often been measured by how quickly a company can move. But Adejuwon Oyebanjo, Co-Founder and Chief Commercial Officer (CCO) of Passpoint, thinks the industry may need to slow down and ask a more basic question: Is the business actually working?
“The reason why businesses are started in the first place is to be profitable enough to remain, while solving for certain economic issues,” Oyebanjo says.
It is a simple point, but one that can get lost in an industry where growth is often celebrated long before profitability.
“I think businesses need to take back the philosophy of growing at all costs, out of the scenario, as against actually building a business that solves for a certain issue, and does so in a commercially viable way,” he says.
Oyebanjo’s perspective comes from having spent his career on the
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