Adeogun Oluwatobi, Technical Manager at Rentspace Tech, Explains Why Fintech is the Smarter Choice for Savers

Adeogun Oluwatobi, the Technical Manager at Rentspace Technologies, is challenging the conventional approach to saving money. Having recently transitioned from traditional banking to fintech solutions, Oluwatobi shares his insights on how fintech platforms, particularly RentSpace Tech, offer substantial advantages for those looking to maximize their savings and make their rent payments more manageable. In this interview, Oluwatobi discusses the benefits of fintech savings, RentSpace’s commitment to security, and why it might be time for Nigerians to rethink where they keep their money.

Thank you, Oluwatobi, for joining us today. What motivated you to make the switch from traditional banking to fintech for your savings?

Thanks for having me. I’ve always been on the lookout for ways to optimize my savings, and I started noticing that traditional banks simply weren’t giving me the returns I was hoping for. So, I decided to explore fintech, and it’s honestly been an eye-opening experience. Fintech platforms like RentSpace Tech offer competitive interest rates, and the benefits have been more than worth it.

Could you elaborate on the financial benefits you’re seeing with RentSpace Tech as compared to traditional banks?

Absolutely. At RentSpace, we’re offering interest rates of up to 15% per annum. To put that into perspective, if someone saves ₦1.2 million in a year, they would earn ₦180,000 in interest. Traditional banks just don’t come close to that—this is nearly five times what you’d get from them. Plus, there are no hidden charges eating into my savings. With traditional banks, you have maintenance fees, withdrawal fees, transfer fees… the list goes on. With RentSpace Tech, all of that is eliminated, which means I get to keep more of my hard-earned money.

That’s a significant difference! But security is often a big concern for people considering fintech. How does RentSpace Tech address this?

I completely understand that concern. Security is crucial, and at RentSpace Tech, we take it very seriously. We’ve implemented robust security measures to ensure that user data and transactions are safe. This includes advanced encryption, secure protocols, and continuous security testing. Security isn’t just a feature for us—it’s the foundation of our platform. We know people need peace of mind, especially when it comes to their finances, and we’re committed to providing that.

Given all these advantages, why do you think more people haven’t made the switch from traditional banking to fintech?

I think a lot of it has to do with habit and trust. People are accustomed to traditional banks, and there’s a certain comfort in sticking with what they know. But fintech is evolving quickly, and it’s becoming a safer and more rewarding option. I believe that as more people become aware of the financial benefits and the security measures fintech platforms offer, we’ll see a shift. And I think RentSpace Tech, with its focus on helping people save and manage rent payments, is well-positioned to lead that change.

What would you say to someone who’s considering making the switch but is still hesitant?

I would say, don’t let old habits hold you back from potential gains. Take a closer look at what fintech platforms like RentSpace Tech have to offer. The increased interest, lack of fees, and enhanced security make a big difference. Plus, saving with us helps you plan better for rent payments and other financial goals. Your wallet—and your peace of mind—will thank you. It’s definitely worth exploring.

Thank you for sharing these insights, Oluwatobi. It sounds like fintech could be a game-changer for a lot of Nigerians.

Thank you for having me. I’m excited to see how more people can benefit from fintech solutions, and I believe RentSpace Tech can make a real difference in people’s financial lives.