Archives Tag: Unbanked
Bankly, Nigerian FinTech For The Unbanked
April 19, 2022
The absence of banking systems in villages has made the unbanked rely on traditional saving systems. Popularly known as isusu and ajo, this system enables them to save money with a thrift collector. The thrift collector then shares the money at the end of the saving period. However, this system is highly flawed. First, there … Continue reading Bankly, Nigerian FinTech For The Unbanked
Are FinTechs Really Reaching The Unbanked?
April 19, 2022
Late in March, news broke that Bankly, a Nigerian ‘fintech of the unbanked’, had raised $2 million from investors. Commentators said this was good news for the country’s financially excluded. With the wind in its sails, Bankly could reach more people, and bring them into a financial ecosystem driven by digital technology. Read more … Continue reading Are FinTechs Really Reaching The Unbanked?
