Digitvant Microfinance Bank has officially announced that its flagship loan product, Market Monie, has reached a milestone: over 505,000 Nigerian businesses supported to date. The announcement was made at a press briefing hosted at the bank’s Ikeja, Lagos head office, marking a pivotal moment in the bank’s journey within the informal finance ecosystem
A New Chapter in Inclusive Banking
At the press event, Kayode John Oluwagboye, Chairman of the Board, highlighted how Market Monie goes beyond providing credit. He emphasized restoring dignity and respect within banking relationships:
“We believe in running a profitable business, but not at the expense of our customers’ self‑worth. That’s what sets Digitvant apart, we are a digitally driven financial institution with a human heart.”
Under the leadership of Managing Director Florence Ogunyamoju, Market Monie is positioned as a credit solution tailored to the informal sector, collateral‑free, low‑interest, paper‑light, and driven through a community agent network that penetrates underserved markets deep into urban and rural areas
DigitvantPay, the bank’s proprietary digital platform, powers the product’s delivery. Developed with user simplicity and reliability in mind, the app brings financial services to the tip of every entrepreneur’s fingers—whether in bustling city centres or remote rural marketplaces
Oluwagboye described Digitvant as more than a financial institution–it’s a promise. A promise of accessible innovation, trustworthy leadership, and a banking model built around respect for the user’s dignity:
“At Digitvant, we have not only opened our doors to the public; we have opened opportunities, pathways, and access points to dignity, growth, and financial inclusion for Nigerians.”
Ogunyamoju underscored that Digitvant MFB is fully licensed by the Central Bank of Nigeria with deposit insurance via NDIC. Its operations blend fintech agility with microfinance empathy—aligning innovation with deeply human service values
Scale of Impact
505,000+ businesses supported nationally under Market Monie. The product has reached over 25,000 traders across 12 states and 54 markets, accelerating its grassroots footprint. Digitvant is intentionally focused on gender inclusion, over 80% of the bank’s leadership team are women, and its MD appointment was strategic, not symbolic.
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Why This Matters
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Customer-Centric Innovation: Market Monie merges fintech with empathy, not just technology with transactions. It builds trust with the informal sector.
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Scalable Inclusivity: By combining agent networks with tech-driven processes, Digitvant reaches underserved communities at scale.
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Dignity-Driven Growth: Profit isn’t the sole goal, uplifting livelihoods with respect is a strategic priority.
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Women at the Core: Female leadership and staffing drive equity and inclusivity across operations.
