Ayomide Olupitan, a fintech professional, has introduced an AI-powered platform aimed at changing how businesses in Africa access and manage financial services.

Developed under Loma Bank, the platform has supported thousands of businesses across the continent. It enables financial transactions and services through artificial intelligence, API-driven systems, and data-focused credit tools. The model facilitates bulk payments, cash flow tracking, and real-time financial insights.

“Business banking in emerging markets has long been underserved,” Olupitan said. “By integrating AI, we are not only providing financial access but also empowering businesses with intelligent, data-driven financial tools.”

The platform includes real-time analytics, which allows business owners to make decisions based on data.

Olupitan emphasised the API banking model as a core part of the service. “Traditional banking systems were not built with modern enterprises in mind,” he said. “With API banking, we eliminate bottlenecks and open up a new world of financial autonomy for businesses.”

The fintech expert said the long-term goal is to decentralise business banking and make platforms more responsive. “We are not just building tools; we are creating financial ecosystems that understand and adapt to the needs of businesses,” he said.

Olupitan’s work with Loma Bank continues to attract interest from businesses seeking more control over their financial operations.

Taofeek Oyedokun is a correspondent at BusinessDay with years of experience reporting on political economy, public policy, migration, environment/climate change, and social justice. A graduate of Political Science from the University of Lagos, he has also earned multiple professional certificates in journalism and media-related training. Known for his clear, data-driven reporting, Oyedokun covers a wide range of national and international socioeconomic issues, bringing depth, balance, and public-interest focus to his work.

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