Union Bank, one of Nigeria’s long-standing financial institutions, has introduced TechVentures, a unique banking proposition which provides tailored services to technology companies, with the overall aim of supporting tech-enabled businesses in Nigeria.
The solution was launched at TechPoint Build in Lagos, a notable technology conference for tech-professionals, investors, entrepreneurs, start-ups and owners of tech-driven enterprises.
Giving his remarks, Kunle Sonola, Head of Commercial Banking, said that the Tier-2 lender is committed to develop services that offer real-value adding solutions for emerging and ecosystems in Nigeria.
“We designed TechVentures in response to the emergence and accelerated growth we see in the tech-space
“Our goal is to capture these businesses from start-up stage, when they are just nursing an idea, and support them until they build unicorns because we believe that these businesses will drive a new economy in Nigeria”, Sonola said.
Two years ago, the bank organized an annual innovation challenge to encourage promising entrepreneurs who are working on innovative solution that could tackle social and business challenges in Nigeria.
In a show of commitment to tech-development, the bank collaborated with Co-Creation Hub last year, to launch ‘Start up Connect’, its maiden business acceleration programme.
The programme served as an opportunity for Nigerian businesses creating technology-based solutions to partner with the bank and social innovation centre to stimulate growth.
Union Bank of Nigeria Plc was established in 1917, as a full-service commercial bank that caters to the retail and commercial needs of individuals, small and medium-sized businesses and major corporations.
ISRAEL ODUBOLA
