OAU student, Caleb Pamilerin built Fluxt for his father, now FG is backing it with ₦50M

Caleb Pamilerin Sobaloju watched his father struggle with banking for years. Not because the money was not there, but because the systems were not built for how his father thinks, or the language he is comfortable with.

Caleb stepped in early, handling transactions on his father’s behalf, filling the gap that fintech had left open.

That experience became Fluxt.

Fluxt is a conversational financial platform that lets people move and manage money through chat and voice, via a WhatsApp bot. No app to download. No interface to learn. Users send money, receive payments, check balances, and manage stablecoins through simple messages or voice commands, in whatever language they are comfortable with.

Caleb Pamilerin Sobaloju, founder, Fluxt

“Instead of learning how to use finance, users can just interact with it,” Caleb said. “We are building for both ends. Someone in a rural area who does not speak English, and someone deep into crypto or remote work. Same system, different entry points.”

Fluxt will be for the next billion – Caleb

The pitch is direct. Fluxt wants to be the default financial layer for the next billion users, the people global fintech has consistently failed to reach. Over 1.7 billion people remain unbanked, and Caleb argues that the problem is not access to phones or the internet.

It is that financial products still demand a level of digital literacy most users do not have, and carry no cultural footprint in the communities they claim to serve.

“No cultural footprint,” he said. “I call them systems that are not built on local realities.”

Fluxt is also threading the fiat and stablecoin gap, positioning itself for a world where crypto is going mainstream, but most users still cannot navigate it. The platform handles both, without forcing users to understand the difference.

The Federal Government’s Student Venture Capital Grant gave Fluxt ₦50 million in equity-free funding, selected from over 30,000 applicants across 404 tertiary institutions. Caleb is a student at Obafemi Awolowo University, and the grant came after a multi-stage process that included a three-day bootcamp and pitch presentations before industry experts.

He did not walk in expecting to win.

“I didn’t go in thinking we deserve this,” he said. “It was less about belief and more about clarity.”

That clarity was tested during the evaluation. One assessor suggested a different, more profitable business idea entirely. Caleb did not blink.

“I said, I believe Fluxt is the future that has come to stay with us now. I am building an incredible and unbeatable product designed to scale from day one.”

The ₦50 million is not changing the direction. Fluxt already has over 470 early adopters on its waitlist, built in two weeks. The funding goes into engineering, compliance, partnerships, and real user onboarding. Caleb is deliberate about the distinction between growth and vanity growth.

Back at OAU, the recognition has grown alongside the startup. Caleb has fielded interviews with the school’s journalists, invitations from the innovation centre, and meetings with the Deputy Vice Chancellor of Innovation and the Vice Chancellor. He and a group of fellow student founders are pushing a bigger idea, turning OAU into the Stanford of Africa, the Silicon Valley of the continent.

It sounds ambitious. So does building a universal financial layer for a billion underserved users from a university campus.

But Caleb has been here before. He watched his father navigate a system that was never designed for him, and decided to build something different. The federal government just agreed it was worth backing.

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