To cushion the effect of current business challenges in Nigeria such as limited access to funding, inflationary pressures, difficulty in business operations and a volatile economic environment, Vale Finance has launched an app.

The new business banking web app aims to provide solutions that address these pressing issues and empower businesses to thrive amidst the current economic landscape.

Managing Director and Co-founder, Vale Finance Limited, Sola Adeyinka, said Vale is an emerging digital bank that delivers innovative financial solutions to both businesses and individuals.

“Following our recent milestone of crossing 2 billion Naira in assets under management and building on the success of our digital app for personal banking, we are proud to be launching our new web app, Vale Business Banking. With this innovative solution, Vale is expanding its financial services to support registered businesses across Nigeria,” he said.

According to him, Vale Finance Limited became fully operational in January 2022, having obtained its license as a finance house from the Central Bank of Nigeria in September 2021, and since then, they have demonstrated a resolve to be the bank that truly pays its customers.

Head of Strategy, Innovation, and Products, Vale Finance, Natasha Atirene, emphasised that the app is designed to address the challenges faced by Nigerian businesses, particularly the lack of accessible financing options with competitive interest rates.

She highlighted that the platform offers quick and easy access to low-interest loans, enabling businesses to secure the necessary capital for growth.

“With the new Flex Business Account, businesses can also earn 10 per cent daily interest per annum on their account balances, turning idle funds into a safe and profitable investment. This feature not only enhances liquidity but also provides a reliable way for businesses to grow their capital without taking on additional risk,” she said.

Business Development Lead at Vale Finance Limited, Ayodele Adebayo, said that the firm’s mission has always been to leverage technology to bring financial freedom to businesses and individuals, adding that its daily interest earnings and low-interest loans is what truly sets us apart in the market.

Chief Technology Officer and Co-founder, Segun Ojo, also spoke about the app’s capabilities, stating, “Vale Business Banking offers seamless transaction capabilities, ensuring that every business owner can manage their finances and customer interactions efficiently. The web app provides a user-friendly interface, allowing businesses to easily register and set up accounts.