A digital bank that provides financial services for the unbanked, Kolomoni, has been named Africa’s Most Innovative Savings/Investment Platform at the Africa Financial Technology Congress in Lagos.

Kolomoni, a product of Cintrust Microfinance Bank, is a subsidiary of CapitalSage Technology Limited, an integrated financial technology group.

Speaking after receiving the award, Group Head of Marketing and Communications at CapitalSage, Ilabeshi Gabriel, described the award as a testimonial to the company’s effort to achieve its three-pillared agenda.

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“This award is an honour and, importantly, a testament to our vision to be the leading fintech partner in Africa. What we do at CapitalSage is guided by our pillars of financial inclusion, entrepreneurial development, and wealth creation, and that is what our flagship brand, Kolomoni, has been all about,” he said.

According to him, “Kolomoni has evolved from just a savings product to a fully digital bank offering innovative savings, bill payment, and loan products to Nigerians on the one hand. On the other hand, under its Agent Banking Network, transactions worth billions of naira are performed monthly through our agents serving millions of customers across Nigeria and beyond.”

Ilabeshi stated that Kolomoni is also achieving its goals to drive financial inclusion and entrepreneurial development and has partnered with the federal government for its National Social Investment Programme (N-SIP).

“In pursuing our goals of entrepreneurial development and financial inclusion, we are priviledged to be on the N-SIP project by providing the POS terminal and technology framework needed. We also collaborated with SANEF to help train the awardee of the N-SIP in the business of agent banking to help them utilize the opportunities given to them by the federal government,” he said.