Licensed by the Central Bank of Nigeria (CBN), Digitvant MFB operates through its consumer-facing arm, DigitvantPay, which integrates financial inclusion with technology-driven service delivery. At the heart of its offering is a commitment to supporting the informal economy, which makes up a significant portion of Nigeria’s labour force and GDP.
Market Monie: Finance With Empathy
Speaking at the event, Kayode Oluwagboye, Chairman of the Board at Digitvant MFB, underscored the impact of the Market Monie initiative, stating that the bank is not only providing financial lifelines but also protecting the dignity of its clients.
“At the heart of our operations is Market Monie, whose impact has extended beyond credit to restoring the dignity and confidence of over 500,000 entrepreneurs,” Oluwagboye said. “We believe in profitability, yes—but not at the expense of our customers’ self-esteem. That is what sets Digitvant apart. We are a digitally driven financial institution with a human heart.”
He further emphasized the bank’s culture of inclusion, accountability, and customer experience, noting that leadership at the institution is structured around transparency and service impact.
“We are not just another microfinance institution. We are a new promise—of access, innovation, and people-focused leadership,” he added.
Meeting Informal Sector Needs
Florence Ogunmayoju, Managing Director of Digitvant MFB, explained that Market Monie was specifically designed to meet the working capital needs of SMEs, especially those operating within the informal sector.
“It’s flexible, accessible, and built around the unique rhythm of informal enterprises,” Ogunmayoju noted. “We’ve stripped away traditional barriers like collateral and tedious paperwork. Instead, we work through a network of trusted community agents who understand the local context and support entrepreneurs directly.”
She highlighted the economic significance of the informal sector, which accounts for nearly 48% of Nigeria’s GDP and 84% of employment, yet remains largely excluded from the formal financial system.
“By merging the agility of fintech with the empathy of microfinance, we are building financial solutions that are not just digital—they are deeply human,” she said.
Expanding Access Through DigitvantPay
The bank’s digital platform, DigitvantPay, is also central to its mission of driving inclusive growth. Ogunmayoju described the mobile app as a tool that brings secure and accessible banking to both urban and rural populations, aligning with Digitvant’s vision of transforming underserved communities.
“The DigitvantPay App is fast, user-friendly, and inclusive,” she said. “We imagine a future where every remote village becomes a hub of opportunity through digital finance. At Digitvant, we are not just offering banking—we are building a movement powered by innovation and driven by empathy.”
Prioritising Digital Security and Trust
Also speaking at the event, Tolulope Awode, the bank’s Chief Technology Officer, assured stakeholders of the app’s built-in security infrastructure. According to him, trust and user protection are paramount to the bank’s technology roadmap.
“Our app is fortified with robust security protocols. We’ve designed it to serve both rural and urban users because we believe that financial access must not be limited by geography,” Awode said.
Digitvant Microfinance Bank’s growing impact positions it as a notable player in the evolving fintech and microfinance landscape in Nigeria. With over half a million businesses reached through Market Monie and a clear focus on inclusive digital banking, the bank appears set to play a transformative role in expanding financial access across Nigeria’s economic base.
As Oluwagboye summed it, “Digitvant is not just a new entrant in the sector. It is a bold promise—one that reflects and serves the people.”