Accion Microfinance Bank has launched AccionMonie, a digital financial platform designed to empower over 37 million small-scale entrepreneurs and informal workers locked out of the traditional banking system.
With MSMEs accounting for 86% of jobs and 48% of Nigeria’s GDP, access to affordable credit and savings tools remains a critical challenge. AccionMonie aims to close that gap by offering seamless, digital financial services tailored to underserved micro, small, and medium-scale businesses across Nigeria.
“We believe in the potential of every MSME to drive inclusive economic growth,” said Taiwo Joda, CEO of Accion Microfinance Bank.
“AccionMonie is a digital leap toward providing the right support, at the right time, to those who need it most.”
With over 74 branches across 12 states, the bank is combining its physical network with digital innovation to ensure MSMEs and informal workers, including market women, artisans, and micro-retailers—can access:
- Quick digital loans
- Secure savings options
- User-friendly payment features
- Real-time financial support
“This platform simplifies payments and offers critical support for businesses and individuals alike,” said Stephen Olalere, Chief Commercial Officer.
Paul Ehiagbonare, the bank’s Chief Digital Officer, emphasized that AccionMonie goes beyond fintech convenience—it’s about building lasting partnerships with small business owners.
“We are not just offering finance; we’re providing timely, trustworthy, and efficient digital tools to help our customers succeed,” he said.
AccionMonie represents the bank’s commitment to digital maturity and leadership in Nigeria’s evolving financial landscape, setting a new standard for microfinance institutions striving to deepen inclusion and economic empowerment.
