My candid, unofficial advice if you’re building a fintech or any business under SCUML/regulatory oversight:
Please, stop putting your spouse on the cap table just because they’re your spouse. 😂
I’ve seen founders do this. Husband starts the fintech, wife gets 20% because, well… “we’re married, na.”
Sounds cute until one day ₦500 million in fraudulent funds passes through the platform.
Suddenly, it’s no longer just “the founder has a problem.”
Security agencies start asking questions , disturbing you about the company, its directors, shareholders, beneficial owners, accounts, transactions, etc.
And guess who may now be sitting inside that investigation?
Your wife. Your husband. Your brother. Your cousin.
You basically took a business risk and voluntarily extended it to your family.
If your intention is simply to make sure your spouse benefits from the wealth you’re creating, there are better ways to structure that. Speak to a competent corporate lawyer.
Your spouse doesn’t necessarily need to be a shareholder for them to enjoy the fruits of the business.
Build the company. Protect the family. Keep the cap table intentional.
This is unofficial advice, not legal advice but please, don’t be naive with your corporate structure.
@dimeji_san This is one of the problems we’re trying to solve with @letlify.
Your time and expertise are valuable. There should be a simpler way to turn them into something people can book and pay for.
Most businesses lose revenue between POS sales, card processors, and bank deposits without ever knowing it.
Real-time revenue intelligence, automated 4-way reconciliation, and AI agents protecting every dollar in one dashboard.
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