Industry | Banking |
---|---|
Headquarters | Nigeria |
Services | Online banking |
Parent | VFD Group |
Website | https://www.vbank.ng |
VFD Microfinance Bank is a fully digital bank with headquarters in Lagos, Nigeria. As a digital bank, it offers free banking services to Nigerians. [1] [2] [3] The bank was headed by Gbenga Omolokun as the managing director in 2021. [4] [5] It is currently headed by Rotimi Awofisibe as its managing Director. [6] VFD Microfinance Bank is a subsidiary of VFD Group - a proprietary investment company with Nonso Okpala as Managing Director/ CEO [7] [8]
VBank (V by VFD or V) is a virtual bank and platform powered by VFD Microfinance Bank and was launched on March 25, 2020. It was created to offer free online banking. [2] [9] [10] [11] Currently, VBank has onboarded more than 500,000 active individuals and businesses on its mobile banking platform across Nigeria. [12]
Veelage is VBank’s community-based reward system that allows customers to earn on the go. Veelagers are ranked and rewarded based on their active participation.
VBiz is the VBank equivalent for businesses. It is an all-in-one platform enabling Corporate and SME (Small and Medium Enterprises) users to open, manage and transact from their V Bank Accounts.
VBank has won the following awards:
First Bank of Nigeria is a multinational bank and financial services company with headquarters in Lagos, Nigeria. First Bank was founded in 1894, by Sir Alfred Jones, but is currently owned by FBN Holdings PLC, which in itself has diversified ownership with over 1.3 million shareholders.
Guaranty Trust Holding Company PLC also known as GTCO PLC is a multinational financial services group, that offers retail and investment banking, pension management, asset management and payments services, headquartered in Victoria Island, Lagos, Nigeria. GTCO Plc was created in July 2021 following the corporate reorganization of Guaranty Trust Bank PLC into a Holding Company.
Easypaisa is a Pakistani mobile wallet, mobile payments and branchless banking services provider. It was founded in October 2009 by Telenor Pakistan. It also provides digital payment services through a QR code in partnership with Masterpass and it is the only GSMA mobile money certified service in Pakistan.
"Fintech", a clipped compound of "financial technology", refers to the application of innovative technologies to products and services in the financial industry. This broad term encompasses a wide array of technological advancements in financial services, including mobile banking, online lending platforms, digital payment systems, robo-advisors, and blockchain-based applications such as cryptocurrencies. Fintech companies include both startups and established technology and financial firms that aim to improve, complement, or replace traditional financial services.
Revolut Group Holdings Ltd, doing business as Revolut, is a British multinational neobank and fintech company that offers banking services for individuals and businesses. The company was founded in July 2015 by British-Russian businessman Nikolay Storonsky and British-Ukrainian software engineer Vlad Yatsenko and operates in 48+ countries.
YONO is an Indian state-owned digital banking platform offered by State Bank of India (SBI) to enable users to access a variety of financial and other services such as flight, train, bus and taxi bookings, online shopping, or medical bill payments. YONO is offered as a mobile banking app for both Android and iOS. The launch of YONO had a code name project Lotus.
Cash App is a digital wallet for American consumers. Launched by Block, Inc. in 2013, it allows users to send, receive or save money, access a debit card, invest in stocks or bitcoin, apply for personal loans, and file taxes. As of 2024, Cash App reports 57 million users and $14.7 billion in annual revenue.
Chime Financial, Inc. is a San Francisco–based financial technology company that provides fee-free mobile banking services through two national banks, Stride Bank and The Bancorp Bank.
GCash is a Philippine mobile payments service owned by Globe Fintech Innovations, Inc., and operated by its wholly-owned subsidiary, G-Xchange, Inc.
Dr. Nneka Onyeali-Ikpe, is the Group Managing Director and Chief Executive Officer of Fidelity Bank Plc. She joined Fidelity Bank as an Executive Director in 2015 and was appointed Managing Director/CEO in January 2021, becoming the first female MD/CEO in the bank's history.
Digital renminbi, or Digital Currency Electronic Payment, is a central bank digital currency issued by China's central bank, the People's Bank of China. It is the first digital currency to be issued by a major economy, undergoing public testing as of April 2021. The digital RMB is legal tender and has equivalent value with other forms of renminbi, also known as the Chinese yuan (CNY), such as bills and coins.
Current is an American financial services and software development company (FinTech) based in New York City. It provides mobile banking services through its partner bank, Choice Financial Group.
Kuda, also known as Kuda Technologies Limited, is a Microfinance Bank and fintech company operating in Nigeria and the UK. It was founded by Babs Ogundeyi and Musty Mustapha in 2019.
Parthian Partners (PPL) is a leading financial services provider based in Lagos, Nigeria; and was established in 2012. Parthian Partners Limited is a leading financial services group with expertise in fixed income, structured finance, equity markets, and M&A advisory. Their aim is to leverage technology and expertise to craft innovative solutions for individuals, institutions, and governments, fostering financial integration for sustainable growth at all levels in Africa.
Moniepoint is a Nigerian fintech company based in Lagos that provides banking services and loans via an online banking app. The company was founded by Tosin Eniolorunda and Felix Ike in 2015. In November 2024, Bayo Olujobi was appointed its Chief Financial Officer (CFO) to aid the bank's vision to improve financial inclusion in Africa.
Fintech in Australia is the evolving intersection of financial services and advanced technology in the Australian market. It involves innovations in banking, investment, insurance, and personal finance, facilitated by technologies such as blockchain and artificial intelligence.
Philip Chukwuemeka Ikeazor is a Nigerian banker who has served as the Deputy Governor for Financial System Stability at the Central Bank of Nigeria.
Comercio Partners Limited is a Nigerian investment firm headquartered in Lagos, Nigeria. Established in 2016, the company operates as a Private Limited Liability entity in Nigeria. Comercio Partners Limited is a Dealing Member Specialist of FMDQ, a financial market infrastructure group in Nigeria.
Grey, formerly known as Aboki Africa, is a financial technology company headquartered in Delaware, US. Founded in 2020 by Idorenyin Obong and Femi Aghedo during the global pandemic of 2020, the company focuses on creating global financial products for digital nomads. Grey is registered and licensed in Canada by FinTrac and the USA by FinCen and operates in the financial service market. The business model of Grey revolves around offering an online platform that facilitates international transactions and currency exchange for users in countries across Africa, the United States, Europe, and now Latin America and South East Asia
Swissborg is a Swiss-based fintech platform that offers financial services, including wealth management, trading, and a native token called CHSB. The company provides decentralization and traditional financial assets through its mobile app and smart investment tool. The company is headquartered in Switzerland and has offices in Lisbon and Tallinn.