Following its earlier acquisition of a money lending licence, the fintech platform Awacash has recently been awarded a microfinance bank licence by the Central Bank of Nigeria.
This success marks a key milestone following the platform’s earlier purchase of a money lending licence. This achievement demonstrates Awacash’s unwavering dedication to enhancing the banking experience in a way that is uniquely suited to the needs of independent artists and freelancers.
Awacash’s mission is to revolutionise the traditional banking experience by providing borderless payments and seamless financial management. This will enable individuals to exert an unprecedented level of control over their financial situation. Awacash offers a full range of banking services, each of which is tailored to meet the specific needs of independent creators and freelancers.
The revolutionary credit-on-the-go offering, which provides customers with quick access to credit at reasonable interest rates, is the product’s most noteworthy characteristic. Creators and freelancers are provided with an unrivalled level of financial support, which enables them to confidently pursue their passions, build their enterprises, and embrace new chances.
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Awacash promises to meet customers’ needs
Awacash is aware of the challenges that the typical Nigerian has when trying to obtain loans and effectively manage their finances.
According to Dayo Okunfolami, Co-Founder of Awacash, the primary objective of Awacash is to simplify their lives by offering an on-demand banking experience that is tailored to meet their ever-evolving needs.
Awacash was created with the intention of meeting the needs of its customers. Bonaventure Igboanugo and Oladele Dada are also considered to be among the company’s co-founders. The accomplishment of this strategic goal by Awacash drives the firm ahead, giving it the ability to broaden the range of services it provides and to strengthen its standing within the rapidly evolving fintech market.
The founders have a good track record of developing numerous outstanding organisations, with some of them being the founders of the well-known software development business KreatengAfrica, which also has an established track record. In addition to effectively delivering software solutions to reputable organisations and microfinance banks across Africa, KreatengAfrica has also successfully led significant technology boot camps on the continent.
The imaginative team at Awacash has capitalised on their successes in developing mobile wallet applications and deploying agency banking solutions for several microfinance institutions. Awacash is set to lead the way, fostering innovation and enhancing access to financial services for all due to its enviable location at the vanguard of the rapidly expanding and transforming fintech industry.
Awacash is committed to embracing the promise of emerging technologies, fostering innovation, and creating solutions that serve the increasing financial needs of people and businesses across Africa and beyond as the company continues on its path.
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About Awacash
Awacash is a financial technology business that is dedicated to increasing financial inclusion in emerging nations and revolutionising the delivery of financial services via the use of cutting-edge technology. Their objective is to create a mobile-based platform that can be accessed from a single point for streamlined payments, transfers, loans, savings, and other important financial services.
Awacash is a customer-focused business, and as such, it is committed to providing outstanding services to each and every individual, including independent contractors and content producers.
As a mobile banking solution, Awacash gives independent producers and freelancers access to credit choices that are both flexible and reasonable to help meet their financial obligations.
They have been granted a licence to lend money as well as a licence to operate as a microfinance bank by the Central Bank. As a result, they are in a strong position to provide customers, especially those in the gig economy, with individualised financial solutions. The wide network of app users and agents registered with Awacash rely on the company’s platform to transfer and receive money, pay bills, and access other important financial services.
Their team is comprised of seasoned experts that have a strong awareness of the requirements and issues that are faced by freelancers and artists.
Awacash is dedicated to offering consumers with cutting-edge solutions that not only fulfil their financial needs but also boost their overall financial well-being. With the financial support they have secured, they are sure to serve their customers better.