A trained geologist with extensive experience in business management, entrepreneurship, and technology, he has successfully launched ventures in the finance and automotive sectors.
Justus Obaoye (photo) is a Nigerian entrepreneur specializing in technology and finance. He is the co-founder and CEO of Billboxx, an innovative cash management solution designed for small and medium-sized enterprises (SMEs). The startup facilitates incoming and outgoing payments while optimizing businesses' cash flow management.
Founded in 2023 by Justus Obaoye and Abdulazeez Ogunjobi, Billboxx addresses the common issue of payment delays that disrupt SME operations. The platform simplifies and automates billing and payment processes, allowing businesses to focus on their core activities.
"We found that many businesses struggle with inefficiencies in billing and cash flow management, often relying on manual processes or Excel sheets," Justus Obaoye noted. This insight led to the creation of Billboxx.
In December 2024, Billboxx secured $1.6 million in a funding round combining debt and equity. These funds will enhance the startup's technological infrastructure, expand its partnerships, and tackle the issue of payment delays affecting SMEs.
Before launching Billboxx, Justus Obaoye had extensive entrepreneurial experience. In 2018, he co-founded Charistouch Technologies, a tech solutions startup that was acquired by Cars45 in November 2019. In 2021, he co-founded Fixit45, an automotive technology company, where he served as CEO until 2022.
Justus Obaoye graduated from the University of Ilorin in Nigeria with a bachelor's degree in geology in 2008. He began his professional career that same year at Schlumberger as a geoscience support specialist. In 2013, he became a data manager at Sahara Energy Field, an energy sector company.
Between 2012 and 2019, he also served as a managing partner at Quantum Bridge, a strategic development consulting firm. In 2022, Justus Obaoye was the Country Manager for Bolt in Nigeria, a mobility company.
By Melchior Koba,
Editing by Sèna D. B. de Sodji