MFB records over 50,000 users, targets 500,000 businesses

Bankit MFB said it has successfully registered over 50,000 users on its platform and plans to serve a record 500,000 businesses by 2025. The fintech company stated that the achievement within its first few weeks of operation is a testament to its innovative and user-friendly approach to digital banking.

Bankit MFB expressed confidence in its competitive edge and cutting-edge technology, emphasising its commitment to safeguarding customers’ funds.The bank reiterated its dedication to diversifying digital services to enhance customer experience.

Since commencing operations in late 2024, Bankit MFB has introduced web banking and other innovative banking products, with more currently in development.
The financial institution reported impressive transaction volumes, surpassing N100 million within its first few weeks of operation.

The bank stated that it also recorded 50,000 active users and a 90 per cent transaction success rate.“As a key driver of cashless payment adoption in Nigeria, Bankit MFB is actively engaging partners to expand its loan and gaming services, reinforcing its position as a leading platform for comprehensive and simplified banking.

“Bankit MFB is a fast-growing fintech company revolutionizing digital banking in Nigeria. With a focus on innovation, customer protection, and financial inclusion, the bank aims to reshape the financial landscape in 2025,” a statement by the bank said.