Digitvant MFB Charts Bold Path to Financial Inclusion, Empowers Over 50,000 Entrepreneurs
- Digitvant MFB has shared its mission of promoting inclusive, technology-driven financial services for underserved Nigerians
- Since receiving its license from the CBN in 2024, the bank has empowered over 50,000 entrepreneurs through its SME loan program
- The bank also emphasised its commitment to innovation, accessibility, and sustainable economic impact
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Legit.ng journalist Victor Enengedi has over a decade's experience covering Energy, MSMEs, Technology, Banking and the Economy.
Digitvant Microfinance Bank (Digitvant MFB)'s Managing Director, Mrs. Florence Ogunyamoju, has outlined the bank’s mission, milestones, and vision for advancing financial inclusion across Nigeria.
Source: UGC
Speaking at a press conference in Lagos to introduce the bank, Ogunyamoju stated that the institution functions at the crossroads of microfinance and digital technology, providing a strong framework aimed at driving economic empowerment and long-term financial inclusion.
She emphasised that the bank is dedicated to creating a customer-centric, tech-driven institution that prioritises the financial needs of ordinary Nigerians, especially those in underserved and informal sectors.
Ogunyamoju said that Digitvant MFB is not only offering financial products but paving the way for inclusive prosperity.
She said:
“We are not just providing financial services; we are building dignity, unlocking potential, and creating pathways for prosperity. Inclusive finance is not a privilege as it has been made to seem; it is a right.”
Also speaking at the event, the Board Chairman, Mr. Kayode John Oluwagboye, shed light on the bank’s strategic roadmap, describing Digitvant as a driver of grassroots economic development.
He stressed the bank’s focus on innovation, ethical governance, and long-term sustainability with a people-first approach that balances dignity with profitability.
Oluwagboye said:
“We are building a bank that understands and responds to the needs of real people. Our strategy is anchored on sustainable practices, strong partnerships, and an inclusive model that prioritises dignity as much as profitability.”
Digitvant MFB's focus on SMEs, entrepreneurs
Founded in 2022 and licensed by the Central Bank of Nigeria in 2024, Digitvant MFB has already achieved notable milestones, including empowering over 50,000 entrepreneurs through its flagship SME loan scheme, Market Monie.
It is also bringing financial services to more than 25,726 unbanked Nigerians via its mobile platform, DigitvantPay.
The bank’s product suite spans working capital loans, education financing, home improvement and personal loans, and salary-based credit. It also offers structured savings and investment options such as target savings and fixed deposits.
Through the DigitvantPay app, customers can enjoy seamless digital banking, including account management, bill payments, and airtime purchases.
The bank reiterated its long-term aspiration to emerge as a pan-African pioneer in inclusive, people-centred banking, guided by its core values.
Source: UGC
Bank MD laments cost of doing business
Meanwhile, Legit.ng earlier reported that the MD/CEO of Fidelity Bank Plc, Nneka Onyeali-Ikpe, had decried the high cost of doing business in Nigeria.
She stated that Micro, Small and Medium Enterprises (MSMEs) cannot survive doing business in Nigeria by borrowing at the current interest rates.
According to her, the country needs more developmental financial institutions like DBN, Bank of Industry, and Bank of Agriculture to ensure the agencies are well-handled.
Source: Legit.ng
