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Opay appoints Daudu Gotring as the new Managing Director

Opay announces new leadership barely a week after celebrating its fifth anniversary

Nigeria's leading fintech company, OPay Nigeria, has announced the appointment of Daudu Gotring as its new Managing Director following the resignation of the former CEO, Olu Akanmu, who announced his exit via a Twitter post on Monday morning. The series of events comes shortly after the company marked and celebrated its 5th-anniversary last week stirring several reactions across Nigeria. The new MD, Mr Gotring Wuritka Dauda, is a former director of the trade and exchange department at the Central Bank of Nigeria and a former gubernatorial candidate in Plateau state.

Source: Twitter

The new leadership in the company will look to consolidate the efforts of his executives by ensuring that Opay Nigeria maintains its position as one of Nigeria's and Africa's most prominent and fastest-growing fintech companies, with over 30 million users, about 500,000 agents, and more than 300,000 merchants. For the past years of its operations, Opay Nigeria earned its reputation by being committed to its financial inclusion mission, providing affordable financial solutions/services to the unbanked population of Nigeria. The fintech industry and Opay customer base have responded to these changes with uncertainties and concerns over the company's state.

Source: Benjamindada

However, despite the changes, Opay will work towards eliminating doubts that have risen amongst its customers and users by efficiently delivering its services. Also, under new leadership, Opay will seek to explore improved and enhanced financial solutions that can foster its dominance against competitors in the industry.

Focus Box

Company Name:  Opay

Industry: Payments, Financial Services

Founded: 2018

CEO: Zhou Yahui

Funding raised: N/A

Revenue: N/A

Customer base: 35,000,0000

Key countries: Nigeria, Egypt, Mexico and Pakistan