Behind every thriving African business is a finance team trying to answer one question: where did the money go?
Our CEO, Yele Oyekola built Duplo to answer that question, and everything that comes after it. Payments, approvals, reconciliation, and financial workflows, all connected in one platform built for how African businesses actually operate.
Business Insider Africa sat down with Yele to trace the journey: from financial analyst to hedge fund, from UN policy work across the continent to a failed BNPL startup in Kenya, and ultimately to building Duplo into a platform that has raised $13 million and serves mid-sized and enterprise businesses across Africa.
He talks about why he left a career in finance to solve problems on the continent, what it took to convince businesses to trust a startup with their most sensitive financial infrastructure, and where Duplo goes from here as the platform evolves from financial operations into what he calls an intelligent financial operating system.
It is a candid read about building for complexity, earning trust customer by customer, and staying focused on a problem that most of fintech walked past.
Read the full feature at the link below.
hubs.li/Q04q-9YQ0#Duplo#MeetTheFounder#AfricanFintech#BusinessInsiderAfrica#YeleOyekola
For businesses, this reinforces the importance of planning international payments ahead of market movements and staying prepared for short-term currency fluctuations.
👉 Manage your cross-border payments with competitive FX rates and faster settlements. Visit tryduplo.com to learn more.
#FXRecap#Naira#NigeriaEconomy#ForeignExchange#CrossBorderPayments
💱 FX Market Recap | 21st – 27thJuly 2026
Last week, the Naira remained resilient, supported by Nigeria's strongest external reserves in 17 years, with reserves climbing above $52 billion.
However, growing demand for U.S. dollars from fuel importers has emerged as a key risk to watch. As more businesses source foreign currency to finance fuel imports, analysts expect renewed pressure on the FX market despite the CBN's strong reserve position.
#TreasuryManagement#BusinessFinance#Duplo#FinanceAfrica#FXMarket
This partnership is a milestone for Nigerian business finance, and its implications for businesses are significant.
Once business owners and banking professionals saw what the Duplo and Wema Bank partnership actually does in real time, the questions started coming. Everyone in that room was curious about the same thing: what becomes possible when businesses have their finances together and start running them from one connected platform.
New connections were made, questions were asked, and it was clear this product resonated with everyone who needed to hear it.
This is why we build. Not just for the product, but for the conversations it starts.
#TryDuplo#Duplo#FinanceManagement
Big room. Bigger vision. 🤝
On July 20, we officially signed a partnership with Wema Bank to bring financial automation to ALAT Business customers across Nigeria. It was a room full of business leaders, partners, and people who believe that African businesses deserve better financial infrastructure.
Because the reality is, too many businesses are still managing payments, invoices, approvals, and reconciliation across disconnected systems. That costs time, creates errors, and slows growth.
This partnership is about changing that by bringing everything into one platform businesses already know and trust.
And we are here to build it.
👉 Link in bio to learn more about the partnership.
#Duplo#WemaBank#ALAT#FinancialAutomation#NigeriaBusiness#Fintech#DigitalBanking#BusinessFinance#CFO
It started with Yele Oyekola, CEO and Co-Founder of Duplo, opening the ceremony with why this partnership matters. It ended with pen to paper.
Yele Oyekola and Tunde Akinnuwa, COO and Co-Founder of Duplo, signed alongside Tunde Mabawonku, Executive Director, Finance and Digital Optimization, and Olusegun Adeniyi, Chief Digital Officer at Wema Bank, to make it official.
To Tunde Mabawonku and the entire Wema Bank team, thank you for building this with us. To every Nigerian business still managing finances across spreadsheets and WhatsApp threads, this is for you. And if you're an existing ALAT business customer, you get three months of free access to manage your business expenses seamlessly.
👉 hubs.li/Q04qnp_x0#TryDuplo#FinanceManagement#Duplo#WemaBank
Nigerian businesses are still managing payments, invoices, approvals, and reconciliation across disconnected systems. That changes now.
Watch Yele Oyekola, CEO and Co-founder, and Remi Ogunsanya, Product Lead at Duplo, break down what the Duplo x Wema Bank partnership means, how it works, and what Nigerian business owners can expect from day one.
👉 Sign up at tryduplo.com#Duplo#WemaBank#ALAT#FinancialAutomation#NigeriaBusiness#Fintech#DigitalBanking
Arise News was in the room.
The Duplo x Wema Bank Partnership Signing Ceremony made the news, and for good reason. This is not just a product update. It is a shift in how Nigerian businesses manage their finances.
This partnership provides an integrated platform that addresses regulatory compliance and, more importantly, empowers businesses to gain better visibility into financial flows, enabling them to reconcile expenses more swiftly.
From expense management and vendor payments to NRS-compliant e-invoicing and international payments, ALAT by Wema Bank customers now have everything they need to run their financial operations in one place. No juggling multiple banks. No disconnected ERP systems. No manual reconciliation.
Better visibility. Faster growth. Smarter financial operations.
Watch the full Arise News feature above.
#DuploXWemaBank #YourBankJustGotSmarter#Duplo#WemaBank#NigerianFintech#DigitalBanking#SMEEmpowerment
This partnership is a milestone for Nigerian business finance, and what it means for businesses is significant.
For the first time, @alat_ng customers have access to a complete financial operating system, one that automates payments, manages expenses, and reconciles every transaction in real time, all connected to the bank they already use every day.
We had business owners, banking professionals, industry leaders, and partners, all in one room, talking about the same thing: what becomes possible when businesses stop patching together their financial operations and start running them from one connected platform.
New connections were made, questions were asked, and by the time lunch wrapped up, it was clear that what we announced yesterday resonated with everyone who needed to hear it.
This is why we build. Not just for the product, but for the conversations it starts.
Thank you to everyone who came out and made yesterday what it was. See you at the next one.
#DuploXWemaBank #Duplo#WemaBank#NigerianFintech#BusinessFinance
One of the highlights of yesterday's ceremony was watching the room come alive during the live product demonstration.
Our Product Lead, Remi Ogunsanya, took the audience through the full experience of what we built for Wema Bank Plc., starting from the very first step: how ALAT by Wema business customers can log into their Duplo dashboard after signing up on ALAT.
She also walked through everything that becomes available to customers after they sign in: local payments powered by WEMA bank, expense management and approvals, invoice generation and collections, vendor payment automation, and real-time financial reporting, all from one connected platform.
The audience did not stay quiet for long. Questions came quickly, from business owners and banking professionals who wanted to understand exactly how this changes the day-to-day financial operations of their customers. The energy in the room said everything.
Finance teams in mid-sized Nigerian firms spend an estimated 30 to 50 hours every month on manual reconciliation alone. Duplo solves this at the root. With auto-reconciliation that matches every payment to its corresponding record in real time, the work that used to take days is done before the month even ends.
#DuploXWemaBank #Duplo#WemaBank#ALAT#NigerianFintech#BusinessFinance
Before the pen touched paper, there was the conversation that made it all make sense.
Our CEO and Co-Founder Yele Oyekola and Tunde Mabawonku, Executive Director, Finance and Digital Optimization at Wema Bank, took the stage to speak about what this partnership means, for both organizations and for the Nigerian businesses it is built to serve.
They spoke about a problem that is all too familiar: businesses managing payments, expenses, reconciliation, and invoices across disconnected tools, losing time, visibility, and control in the process.
Duplo was built to fix that. This partnership is how we reach more of the businesses that need it most.
Great banking and great financial operations should not be two separate things. ALAT by Wema Bank was already built for how modern businesses bank. Now, through Duplo, it is built for how modern businesses operate.
Two organizations. One shared belief. Nigerian businesses deserve better infrastructure, and they should not have to choose between their bank and their financial operating system.
#DuploXWemaBank #YourBankJustGotSmarter#Duplo#WemaBank#NigerianFintech#BusinessFinance
Monday was a significant milestone for us at Duplo and Nigerian business finance!
We met with the management of @wemabank Plc. at Four Points by Sheraton, Victoria Island, to formally sign a partnership that gives @alat_ng customers access to Duplo’s financial operations platform.
This enables them to automate payments, manage expenses and approvals, generate and collect invoices, and control financial workflows from a single platform connected to the bank they already trust.
This is what the next era of Nigerian business finance looks like! Beyond just having a bank account, but a complete financial operating system built around how businesses actually work.
Our CEO and Co-Founder, Yele W. Oyekola, and Tunde Akinnuwa, COO and Co-Founder, put pen to paper alongside Tunde Mabawonku, Executive Director, Finance and Digital Optimization, and Olusegun Adeniyi, Chief Digital Officer at Wema Bank, to make it official.
To Tunde Mabawonku and the entire Wema Bank team, thank you for believing in what we are building. To our team, this moment is yours. To every Nigerian business still managing finances across spreadsheets and WhatsApp threads, we built this for you. And if you’re an existing ALAT business customer, you get three months of free access to manage your business expenses seamlessly.
👉 Learn more about what we're building at tryduplo.com#DuploXWemaBank #YourBankJustGotSmarter#Duplo#WemaBank#NigerianFintech#BusinessFinance
Manual finance operations leads to significant leakage for SA businesses. In @IOL, Christine Buss highlights how these inefficiencies stall growth.
To solve this, @tryduplo partnered with @OzowPay to automate end-to-end ops, cutting manual data entry by 90%.
iol.co.za/business-repor…
We’re Hiring at Duplo! 🌟
We're looking for talented individuals to fill the following roles:
- Head of Commercial
- Business Development & Partnership Manager, Payments
- Senior Site Reliability Engineer
- Senior Backend Engineer
- Junior Associate, Customer Success
- Threat Intelligence & Vulnerability Management Associate
- Quality Assurance Intern
- DevOps Intern
Ready to do impactful work with an ambitious team?
Apply now: hubs.li/Q04pRMN60#Duplo#NowHiring#TechCareers#QAJobs#BusinessDevelopment#AfricaFintech#JoinUs#WeAreHiring#SoftwareEngineeringJobs
The new kids on the block. 😎
They've spent their first few weeks getting to know our systems, but now it’s time for you to get to know them.
From secret culinary masterminds to niche hobbyists, swipe through to see who is joining our teams (and whom to blame when the office snacks start disappearing).
Drop a 💚 in the comments below!
#MeetTheInterns#PeopleofDuplo#WorkCulture#FunFacts#DreamTeam
And the country has been placed on the S&P Dow Jones Indices 2027 watchlist for potential reclassification to frontier market status, driven largely by Nigeria's move to a T+1 settlement cycle.
For businesses, this is a reminder of why speed and visibility matter when moving money across borders.
👉 Manage your cross-border payments with competitive FX rates and faster settlements.
Visit tryduplo.com today to get started.
#FXRecap#Naira#NigeriaEconomy
💱 FX Market Recap | 7th July – 13th July 2026
The Naira depreciated 0.85% week-on-week at the official market, closing at ₦1,381.70/$1, with losses recorded on four out of five trading days. Interbank FX turnover also dropped sharply, falling over 62% in a single day to $78.7 million.
On a stronger note, Nigeria's external reserves grew by $217.7 million in one week to reach $51.74 billion.
#CrossBorderPayments#BusinessFinance#Duplo#FinanceAfrica#FXMarket
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