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For many Nigerian families, support from relatives abroad is a lifeline, but sending money can be slow, costly, and stressful. Nigerian-born tech entrepreneur Ayodeji Jegede saw this gap and decided to act.
He founded MoneyHive, a UK-based fintech startup that lets diaspora communities send money and pay essential bills at the same time, making financial support simpler, faster, and more reliable.
Ayodeji’s journey into fintech started nearly ten years ago, building and scaling banking and enterprise systems across Nigeria and the UK. From enabling startups through banking infrastructure at Providus Bank to enterprise projects at Equiom Group, he gained hands-on experience solving complex financial challenges. “I wanted to create a solution that really meets the needs of diaspora families,” he says. “They need speed, reliability, and clarity when sending money home.”
MoneyHive was built with these needs in mind. By combining remittances with bill payments, the platform reduces delays and ensures funds reach their intended purpose. For diaspora families juggling work abroad and responsibilities at home, it makes supporting loved ones easier and more predictable.
Recognition came quickly. MoneyHive was selected for Techscaler Catalyst, a Scottish Government-backed accelerator supporting UK-based startups with scalable solutions. Ayodeji says the program validated the startup’s approach and connected the company to a wider network of innovators and investors.
Looking ahead, Ayodeji plans to expand MoneyHive beyond the UK–Nigeria corridor to other diaspora communities. He also wants to inspire young African entrepreneurs to use technology and global experience to tackle real-world problems.
Ayodeji Jegede is showing how technology can strengthen family connections, improve financial access, and create practical solutions for diaspora communities.
