Nurudeen Soremekun, a Nigerian software engineer, has stepped into his role as Co-founder and Chief Technology Officer (CTO) at Iwelabi Consulting Ltd.
Iwelabi is an innovative firm setting the pace with reliable AI solutions as necessary for the thorough finance and accounting space, in what has been dubbed Accounting Intelligence, using proprietary solutions that are driven by first-hand CFO-advisory insights and novel engineering capabilities.
“I’m excited to share that I’ve started a new role as Co-founder & CTO at Iwelabi Consulting Ltd — where AI is Accounting Intelligence,” Nurudeen announced in a LinkedIn post.
According to Nurudeen, the company is set to transform finance operations through CFO-advisory driven products, beginning with its flagship platform, the ICL Reconciliator.
The platform, a spreadsheet-first reconciliation engine, is already assisting finance teams of all sizes to automate transaction matching and anomaly detection in record time.
Understanding the ICL Reconciliator
Nurudeen says the team is now laying the groundwork for the ICL Finance Data Platform (FDP), a low-code, agentic platform that promises compounding transformation dividends as organizations scale.
Anchored by the proprietary reconciliation engine, the platform is designed to unify data, tools, and workflows for finance functions, delivering scalable, compounding efficiency gains.
“This is just the beginning: we’re building toward the ICL Finance Data Platform (FDP) — a low-code, spreadsheet-first, agentic (semantic RPA and API) platform that meets finance teams where they are and delivers compounding transformation dividends as they grow,” Nurudeen said.
Iwelabi Consulting Ltd positions itself as a CFO advisory, management consulting, and finance transformation services firm, focused on delivering innovative, actionable solutions that create lasting value for clients.
As co-founder and CTO, Nurudeen is central to this mission, leveraging his experience to ensure finance teams achieve transformative outcomes while building Africa’s capacity in AI-driven accounting intelligence.
Nurudeen Soremekun: A Distinguished Career
Nurudeen is a graduate of Ladoke Akintola University of Technology, where he studied Electronic and Electrical Engineering.
His expertise spans the full spectrum of GAP analyses, software design, development, and support, with hands-on experience across Energy, Engineering, Education, Financial Services, Technology Consulting, and IT domains.
Before founding Iwelabi Consulting, Nurudeen held senior engineering and faculty roles at several organizations:
- Lead Software Engineering Faculty, TechGen Africa – mentoring junior developers and creating curricula for advanced software engineering.
- Senior Software Engineer, Elite Software Automation & Turing.com (USA) – developing high-performance integrations, APIs, and data pipelines.
- Software Engineer, uLesson Education & Jaiz Bank Plc – designing backend systems, automating business processes, and integrating fintech APIs.
- Consultant Software Engineer, Deloitte – transforming clients’ digital strategies into enterprise-grade solutions.
- Part-time Session Lead (Full Stack Nanodegree), Udacity (USA) – facilitated weekly connect sessions for 150+ Full-Stack Python Nanodegree students, providing instruction and mentorship support to students.
His early career also includes engineering and energy consulting roles, including at Mikano International, TRANOS, and Adis Energy Systems, and educational roles at APTCoders Institute.
About Iwelabi Consulting
Iwelabi Consulting Limited is a CFO Advisory, Management Consulting, and Finance and Accounting Transformation services firm. The firm says its mission is setting the standard for financial excellence through innovative solutions.
At the helm of Iwelabi, is Qudus Adebowale Balogun, the founder and the Principal Consultant, overseeing the firm’s operations, client management, risk management, and business development.
A Chartered Accountant and member of the Institute of Chartered Accountants of Nigeria (ICAN), Qudus also serves as an Associate Member and Secretary of the Membership Committee at the Institute of Information Management (IIM) Africa.
Beyond his professional duties, Qudus is co-founder and mentor at Mentorship Corner International, where he supports young accountants in areas such as finance, technology adoption, career growth, and soft skills development.
According to experts, Qudus and Nurudeen embody the synergy of financial intelligence and technological innovation, positioning Iwelabi Consulting as a pioneering firm in AI-powered accounting intelligence across Africa and beyond.
The CFO Advisory Market
The global CFO advisory market was valued at approximately $261.95 billion in 2024, with expectations to reach this figure by 2028 at a compound annual growth rate (CAGR) of 5%,
Similarly, the finance and accounting transformation services market was estimated at $12.8 billion in 2024, projected to grow at a CAGR of 3-4% through 2029. These figures underscore the demand for strategic financial guidance and transformative solutions across industries.
Iwelabi Consulting operates in a dynamic market with several notable competitors including WNS Global Services, Cognizant Technology Solutions, Exela Technologies, Tech Mahindra, and Datamatics.
Industry leaders say these competitors highlight the competitive nature of the industry, emphasizing the need for innovation, efficiency, and client-centric solutions to stand out in the market.
Talking Points
It is significant that Nurudeen Soremekun, with a strong background spanning software engineering, fintech, and enterprise systems, is stepping into the role of Co-founder and CTO at Iwelabi Consulting. His technical depth gives the venture credibility from day one.
By championing the ICL Reconciliator as the first step, he is grounding Iwelabi’s vision in a tool that solves immediate pain points for finance teams, rather than chasing abstract AI promises. This pragmatic approach could accelerate adoption.
This single decision alone positions the Reconciliator as a practical tool for real business challenges, especially for finance teams bogged down by manual matching, anomalies, and audit pressures.
At Techparley, we see how solutions like this can accelerate finance transformation across Africa, lowering the entry barrier for teams that want automation but lack the resources to adopt heavy, complex ERP systems.
The planned ICL Finance Data Platform (FDP) extends this vision, offering a low-code, agentic framework that unifies workflows and data, giving CFOs scalable efficiency gains as their organizations grow.
However, success will depend on adoption beyond early innovators. Affordability, onboarding, and integration with existing finance workflows will be critical in ensuring long-term stickiness.
