With an ambition to transform the financial lives of millions of Nigerians across informal markets and underserved communities, Digitvant Microfinance Bank has declared its entry into the sector as a promise of access, innovation and leadership that reflects the people it serves.

Chairman of the Board of Directors, Kayode John Oluwagboye, who described the launch as more than a milestone, said he considered it the beginning of a journey the firm believe would transform the financial lives of millions across Nigeria, directly and indirectly, starting from the informal markets to emerging entrepreneurs, and those who might not be considered attractive customers of traditional banks.

Oluwagboye noted that Digitvant was created to offer dignity, growth, and financial inclusion to Nigerians who are often left behind by conventional banking systems. He said the bank has not only opened its doors to the public but has also opened opportunities, pathways, and access points to dignity, growth, and financial inclusion.

A major part of the bank’s service model is Market Monie, its flagship product, which has supported over 50,000 businesses. Oluwagboye stressed that while the bank aims for profitability, it does not come at the expense of customer dignity, adding that the Microfinance Bank is a digitally driven financial institution with a human heart.

Highlighting a key leadership decision, Oluwagboye pointed to the appointment of Florence Ogunyamoju as Managing Director. He said the decision was not a token appointment nor an affirmative action but a deliberate, strategic choice, emphasising that in every market, in every village, and in every family-run business, women are central players in theeconomic story of Nigeria.

He described Ogunyamoju as a tested leader, a proven builder of institutions with cognate experience in the microfinance space, and a passionate advocate for inclusive progress.

In her remarks, Ogunyamoju reaffirmed the bank’s mission to bridge the financial inclusion gap and create accessible, affordable, and dignified financial solutions for every Nigerian, not just the privileged few.
Ogunyamoju explained that the bank operates at the intersection of microfinance and digital innovation, offering a robust model that promotes economic empowerment and sustainable financial inclusion. Citing Nigeria’s informal sector, which contributes nearly 48 per cent of GDP and employs 84 per cent of the workforce, she said the majority remain outside the formal financial system, relying heavily on cash and unstructured savings.

According to her, Digitvant blends the agility of fintech with the empathy of microfinance, offering solutions that are not just digital but deeply human.

Ogunyamoju described Market Monie as a tailored loan product designed to address the working capital needs of small and medium-sized businesses, made accessible through a network of community agents.

She also introduced DigitvantPay, the bank’s mobile app designed for both rural and urban users. With the app, customers can open an account in under two minutes, save and manage funds, pay bills, buy airtime, and receive instant transaction alerts. She disclosed that over 25,726 previously unbanked Nigerians have already joined the platform, taking their first step toward structured financial planning.