Digitvant Microfinance Bank has revealed that its flagship loan initiative, “Market Monie,” has empowered over 505,000 businesses nationwide. This milestone was announced during a press conference at the bank’s Ikeja, Lagos branch, highlighting its expanding role in driving financial inclusion across Nigeria.
Digitvant Microfinance Bank, fully licensed by the Central Bank of Nigeria, operates with strong regulatory support while delivering its services through DigitvantPay, its dedicated digital platform. By blending cutting-edge fintech solutions with traditional microfinance strategies, the bank focuses on reaching underserved small and medium-sized enterprises (SMEs), particularly those operating within Nigeria’s informal sector.
Speaking at the event, Chairman of the Board, Kayode Oluwagboye, highlighted that the Market Monie initiative goes beyond providing financial support—it aims to restore dignity and mutual respect in banking relationships. “We believe in building a profitable business, but never at the cost of our customers’ self-worth. That’s what truly sets Digitvant apart, we are a digitally driven financial institution with a human heart,” he stated.
He further noted that Digitvant is intentionally embedding inclusion, accountability, and strong governance into every aspect of its operations. According to Oluwagboye, customer experience is more than just a priority—it is a foundational pillar of the bank’s mission. “We are not just a new bank; we represent a new promise. A promise of access, of innovation, and of leadership that genuinely reflects the needs and aspirations of the people we serve,” he added.
Managing Director Florence Ogunmayoju provided more insights into Market Monie, which she described as a loan product specifically tailored to suit the needs of small businesses. “It is flexible, easy to access, and aligned with the rhythm of informal sector enterprises. We’ve eliminated traditional barriers like collateral and complex paperwork. Instead, we work through a community agent network that reaches deeply into underserved areas,” she explained.
Highlighting Nigeria’s economic structure, Ogunmayoju noted that the informal sector accounts for nearly 48% of GDP and employs 84% of the workforce, yet many remain financially excluded. “At Digitvant, we blend the agility of fintech with the empathy of microfinance. Our solutions are not just digital—they are deeply human,” she stressed.
Ogunmayoju also introduced the DigitvantPay App, designed to make digital banking accessible and seamless. “The app brings financial services directly to users’ fingertips—whether they live in urban or rural areas. We are building a future where digital finance transforms even the most remote communities into centers of growth and prosperity,” she said.
On the app’s technology backbone, Chief Technology Officer Tolulope Awode assured customers of robust security features. “Security is at the heart of our platform. The app is both safe and inclusive, designed to serve users regardless of location. We believe financial services should be universal, not limited by geography,” he said.
With over half a million businesses already impacted and a strategic focus on grassroots inclusion, Digitvant Microfinance Bank is positioning itself as a key enabler of economic empowerment in Nigeria. By merging technology, trust, and empathy, the bank aims to not only expand access to finance but also reshape the future of micro-banking across the country.
