Fintech platform, Awacash has recently received a microfinance bank license from the Central Bank of Nigeria, marking a significant achievement following its earlier acquisition of a money lending license.
This accomplishment underscores the firm’s commitment to
enhancing the banking experience specifically tailored for creators and
freelancers.
It aims to revolutionize the banking experience by offering borderless payments and seamless financial management, empowering individuals to take control of their finances like never before. Specifically designed for creators and freelancers, the platform provides a comprehensive suite of banking solutions.
Its standout feature is the innovative credit-on-the-go
offering, granting customers swift access to credit at competitive interest
rates. This unparalleled financial support enables creators and freelancers to
pursue their passions, grow their businesses, and seize new opportunities with
confidence.
“We understand the obstacles encountered by the average
Nigerian in obtaining credit and efficiently managing their finances. Our
primary objective is to streamline their lives by offering an on-demand banking
experience that is tailor-made to meet their ever-evolving needs”, said Dayo
Okunfolami, Co – Founder of Awacash.
Other co – founders include; Bonaventure Igboanugo, and
Oladele Dada.
The founders have a proven track record of establishing
various leading organizations, with some of them being the founders of renowned
software development company KreatengAfrica, which has a strong track record.
KreatengAfrica has successfully delivered software solutions to esteemed
organizations and microfinance banks, as well as conducted impactful tech boot
camps across Africa.