Sterling Bank has signed a new partnership with Corporate Bestie, an innovative tech to provide business bank accounts and other financial services to startups and MSMEs in the informal sectors.
Corporate Bestie is an innovative tech startup focused on simplifying business formalization and compliance management.
Through this partnership, new and existing businesses onboarded via Corporate Bestie will have easy access to a Sterling bank enterprise account and Sterling Bank’s innovative financial tools to commence and grow their business operations, unlocking both local and global opportunities.
This will drastically reduce the time and inconveniences most founders and MSMEs experience in accessing financial services and ultimately grow the nation’s economy.
Yinka Oni, the Chief Digital Officer of Sterling Bank, said that the partnership takes the servicing of MSME customers and prospects further not just by providing them with bank accounts, but also allows for the delivery of best-in-class innovative digital solutions to a crucial part and catalyst of the Nigerian economy’s growth.
Oni added, “This partnership with Corporate Bestie will allow us to jointly deliver the best of digital solutions like OnePay for Business, mPOS, and SocialPay along with retail financing solutions like PayWithSpecta.”
Speaking to the press, the founder of Corporate Bestie Technologies, Bestie Atti expressed, “We support entrepreneurs and MSMEs to incorporate their companies, access tax identification numbers, manage regulatory compliance requirements, and provide a pool of business support resources to help them grow.”
According to Atti, having easy access to a business bank account in addition to “Our solution will drive financial inclusion and entrepreneurship development, thereby transforming more businesses from the informal to the formal sector.
Read also:Knowledge gap hindering MSMEs access to funds –Head, Union Bank’s SMEs
The Corporate Bestie CEO also expressed readiness to attain the goal with Sterling Bank. “We are happy to partner with Sterling Bank to achieve this.”
Corporate Bestie was launched at Founder Institute, the world’s largest pre-seed accelerator and the most proven network to turn ideas into fundable companies.
The company offers a vast range of incorporation and compliance management products such as new entity registration, compliance management and cross-border business facilitation to help African and Non-African founders start, launch and manage their companies in Africa, the United States of America (USA) and the United Kingdom (UK) without stress or complex paperwork.
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