Digitvant disburses loans to over 50,000 businesses

Emerging player in Nigeria’s fintech and microfinance space, Digitvant Microfinance Bank, has disclosed that its flagship product, Market Monie, has supported more than 505,000 businesses with credit facilities, marking a significant milestone in its mission to deepen financial inclusion across the country.

This announcement was made on Monday during a press conference held at the bank’s branch office in Ikeja, Lagos.

Licensed by the Central Bank of Nigeria (CBN), Digitvant Microfinance Bank operates with full regulatory approval and serves as the backbone for DigitvantPay, its customer-facing business arm.

“A Digitally Driven Bank With a Human Heart”

Speaking at the event, Chairman of the Board of Directors, Kayode Oluwagboye, emphasized the bank’s commitment to human-centred finance.

“At the heart of our operations is Market Monie, whose impact has extended beyond the financial lifeline we have given to over 505,000 businesses, to the dignity that is integral to our service,” he stated. “Yes, we run a business and shall make a profit—but not at the expense of the dignity and self-esteem of our customers. This is what sets us apart, as you will hear from some of our customers during this event.”

He added that the bank is not only focused on recruiting the right leadership but also on embedding inclusion and accountability into its governance, operations, and service delivery.

“One of the core pillars of our services is customer experience—not just because we need our customers to remain and grow in business, but because every touchpoint with us must be positive. Digitvant Microfinance Bank is not just a new player in the sector. We are a new promise—a promise of access, innovation, and leadership that reflects the people it serves.”

Empowering Informal Sector Through Market Monie

Also speaking at the event, Managing Director, Florence Ogunmayoju, described Market Monie as a customised loan product tailored to meet the working capital needs of small and medium-sized businesses.

“It is flexible, easy to access, and reflects the unique rhythm of informal sector enterprises. We eliminate traditional barriers such as collateral and cumbersome paperwork. Instead, through our network of community agents, we’ve empowered over 505,000 entrepreneurs to grow their businesses and secure their livelihoods,” she said.

Ogunmayoju highlighted that Nigeria’s informal sector, which contributes nearly 48% of GDP and employs 84% of the workforce, remains largely underserved by the formal financial system.

“At Digitvant, we blend the agility of fintech with the empathy of microfinance. Our solutions are not just digital—they are deeply human.”

DigitvantPay App: Banking at Your Fingertips

The MD also introduced the DigitvantPay App, designed to provide seamless and inclusive access to banking services.

“The DigitvantPay App brings banking to your fingertips. It’s fast, user-friendly, and designed for both rural and urban users. We envision a future where digital finance transforms every underserved and remote community into hubs of growth, resilience, and prosperity. At Digitvant MFB, we are not just offering banking—we are building a movement rooted in trust, powered by innovation, and driven by empathy.”

Prioritising Security and Accessibility

In his remarks, Chief Technology Officer, Tolulope Awode, stressed that security was a fundamental design consideration for the app, aimed at safeguarding customers’ funds and building trust.

“The app is secure. It is accessible to people in both rural and urban communities. At Digitvant, we strongly believe that financial services should not be limited to urban dwellers,” he said.