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Home Tech News Africa Tech News

Bloc MFB reinvents business banking for tech-savvy Africans

Modupeoluwa Olalere by Modupeoluwa Olalere
December 8, 2023
in Africa Tech News, Business, Business Strategy, Editors Pick, Entrepreneurship, Innovation, Startups, Tech News, Technology
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Bloc MFB reinvents business banking for tech-savvy Africans
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Bloc MFB, a fintech startup, disrupts tech companies’ access to financial services with its flagship business banking product. 

This launch marks a turning point in the company’s mission to help businesses capitalize on global opportunities.

Bloc Microfinance Bank, Providus Bank, and Sterling Bank, licensed banks, offer corporate bank accounts, transfers, and virtual cards to Bloc customers. 

Bloc Business Banking adds advanced features and value-added services to essentials to improve banking. USD accounts, global payment acceptance, bill payment, custom checkout, and payment links are new features coming soon.

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Bloc MFB’s Banking-as-a-Service infrastructure has helped hundreds of startups integrate financial services into their products for two years. Bloc will now offer a complete business banking solution to help businesses scale with Bloc infrastructure and manage revenue and finances.

Sign up for Bloc at https://app.blochq.io and provide essential information to open a client account. After providing business details, you’re good to go.

Read also: Vella Finance to discontinue crypto trading and focus on SME banking

Bloc MFB unleashes infinite possibilities

Bloc MFB CEO and Founder Edmund Olotu says the company understands businesses’ financial challenges and offers seamless solutions. Bloc, an API-focused company, has helped startups and non-tech companies solve financial service problems.

Edmund says the Bloc has endless possibilities. We provide essential banking services to be the best at satisfying businesses. Our innovation will open doors to local and global opportunities and provide top-notch tools for financial growth, capital access, and even customer services tomorrow.

Moniepoint expands frontiers to retail banking

Charting the Future for the Customers

Bloc wants to be the “Mercury Bank + Unit for African businesses” with this launch. It will be a hub for reliable business banking products and the making of custom apps with built-in financial services.

Bloc MFB provides everything African tech startups and non-tech organizations need to start, survive, and grow. Bloc will support you in opening a new location, entering a market, and going global.

“It’s still early days,” says Chief Product Officer Jerry Enebeli. “We’re eager to get feedback from our tech-savvy customers so we can improve the product even more and make them happier.”

Bloc MFB’s business banking service is now live and open to all tech-focused companies. Visit https://www.blochq.io/ to sign up. While currently available on the web, the mobile app is slated for release in Q1 2024.

Tags: AfricansBlock MFBMicrofinance bankTech
Modupeoluwa Olalere

Modupeoluwa Olalere

Modupe is a tech content writer with 3+ years of experience turning complex ideas into clear, engaging stories. She covers innovation, digital trends, and emerging technologies. When she’s not writing, she’s exploring new tools or tracking trends shaping Africa’s tech ecosystem.

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