Academy, fintech firm partner to support inclusive financial innovation

Ibadan Digital Academy (IDA) has announced a strategic partnership with a fintech firm, Ajoti, with the aim of promoting and expanding access to inclusive financial innovation.

IDA is a Nigeria-based digital training institute specialising in digital capacity building and skills acquisition, with a mission to equip young people with employable and entrepreneurial skills.

On its part, Ajoti is a research-based firm that applies research-driven insights to digitise trusted savings systems such as AJO (ROSCA), enabling people to build financial access through consistency and collective discipline rather than traditional credit scoring alone.

The partnership comes at a key stage of Ajoti’s growth, following support secured through the Crimson Project at the University of Utah, which is focused on strengthening the platform’s model, advancing technical development, and preparing for pilot implementation.

The collaboration was initiated by IDA CEO, Peter Ojo, after engagements with Osho Ademola Joel and the Ajoti team, sparked by earlier media coverage of the initiative’s work in rethinking financial access through a community savings framework.

As part of the partnership, IDA will provide technical expertise, digital skills training, and incubation support to aid Ajoti’s product development and facilitate deployment across Nigeria.

It is expected that the partnership will strengthen innovation at the intersection of fintech, education, and social impact, contributing to broader efforts aimed at improving financial inclusion.

Speaking on the partnership, representatives of both organisations noted that the collaboration aligns with their shared commitment to innovation, skills development, and technology-driven solutions that support underserved communities.

IDA is a Nigeria-based digital training institute specialising in digital capacity building and skills acquisition, with a focus on equipping young people with employable and entrepreneurial skills.