Digitvant Microfinance Bank, has announced that its flagship loan product, “Market Monie”, has supported more than 505,000 businesses across Nigeria. This milestone was revealed at a press conference held at the bank’s branch in Ikeja, Lagos, underscoring the institution’s growing influence in the country’s financial inclusion landscape.
Licensed by the Central Bank of Nigeria, Digitvant Microfinance Bank operates with regulatory backing while its market-facing operations are executed through *DigitvantPay*, the bank’s digital platform. The bank combines fintech innovation with grassroots microfinance practices to target underserved small and medium-sized enterprises (SMEs), especially within the informal sector.
Speaking at the event, Chairman of the Board, Kayode Oluwagboye, emphasized that the Market Monie scheme extends beyond financial assistance to restore dignity and respect in banking relationships. “We believe in running a profitable business, but not at the expense of our customers’ self-worth. That’s what sets Digitvant apart—we are a digitally driven financial institution with a human heart,” he said.
He further explained that Digitvant is embedding inclusion, accountability, and strong governance into every aspect of its operations. According to Oluwagboye, customer experience is not just a priority but a core pillar of the bank’s mission. “We are not just a new bank—we are a new promise. A promise of access, of innovation, and of leadership that reflects 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.
