• Monday, July 22, 2024
businessday logo

BusinessDay

Kolomoni awarded most innovative savings, investment platform

Kolomoni awarded most innovative savings, investment platform

Kolomoni, a digital bank providing financial services for the unbanked through its consumer banking platform has been named Africa’s most innovative savings/investment platform brand of the year 2022.

Kolomoni was awarded at the recent Africa Financial Technology Congress held in Lagos. “This award is an honour and, importantly, a testament to our vision to be the leading fintech partner in Africa,” Ilabeshi Gabriel, the group head, marketing and communications, CapitalSage stated.

According to Gabriel, CapitalSage activities are guided by its three-pillared agenda of financial inclusion, entrepreneurial development, and wealth creation, which is what its flagship brand Kolomoni has been all about.

“Kolomoni has evolved from just a savings product to a fully digital bank offering innovative savings, bill payment, and loan products to Nigerians on the one hand. On the other hand, under its Agent Banking Network, transactions worth billions of naira are performed monthly through our agents serving millions of customers across Nigeria and beyond,” Gabriel stated.

Read also: Singapore-based digital asset firm attracts $18m,to expands in Nigeria, others

According to him, Kolomoni is also achieving its goals to drive financial inclusion and entrepreneurial development, and has partnered with the federal government for its National Social Investment Programme (N-SIP).

“In pursuing our goals of entrepreneurial development and financial inclusion, we are privileged to be on the N-SIP project by providing the PoS terminal and technology framework needed. We also collaborated with SANEF to help train the awardee of the N-SIP in the business of agent banking to help them utilize the opportunities given to them by the federal government,” Gabriel stated.

Kolomoni is a product of Cintrust Microfinance Bank, a subsidiary of CapitalSage Technology Limited, an integrated financial technology group.

Founded in 2014 as a micro-lending business, the company has strategically evolved and consolidated its business offerings through the adoption of an innovative business model focused on needs and value creation.