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By Uche Usim
Digitvant Microfinance Bank (Digitvant MFB), has posted a capital position of N11 billion, with a strong assurance to help transform the Nigerian economic landscape by staying steadfast to the its principles of accessibility, innovation and inclusivity.
Speaking at a press conference in Lagos yesterday, the Chairman of the Board of Directors of the bank, Kayode John Oluwagboye, described the official introduction as more than a milestone for the institution.
He called it the beginning of a journey that would touch lives directly and indirectly, starting with informal market traders, emerging entrepreneurs and those who have often been overlooked by conventional banking structures.
“We have not only opened our doors to the public; we have opened opportunities, pathways and access points to dignity, growth and financial inclusion,” Oluwagboye said.
He added: “Digitvant is a digitally driven financial institution with a human heart. Our vision is to meet people where they are, in their daily hustles, in the rhythm of market life, and in the aspirations of small business owners, while offering them simple, accessible and trustworthy financial solutions.”
He cited the bank’s flagship product, Market Monie, as an example of the institution’s people-focused approach. The product, he noted, has already supported over 50,000 small businesses with flexible loans tailored to the realities of the informal sector. “What makes us stand out is the dignity we attach to our customers,” he said. “Yes, we run a business and we will make profit, but never at the expense of the self-esteem of those we serve. This is why the stories you will hear from some of our customers today go far beyond the lifeline we provide; they speak of trust and empowerment.”
Oluwagboye also highlighted the strategic appointment of Mrs. Florence Ogunyamoju as Managing Director, describing it as a deliberate choice that reflects the central role women play in Nigeria’s economic story.
“In every market, in every village, and in every family-run business, women are central players. They are disciplined borrowers and community builders. We needed leadership that understands and reflects that reality,” he said, adding that Ogunyamoju is not only a seasoned leader in the microfinance industry but also a passionate advocate for inclusive progress.
In her own address, Ogunyamoju said Digitvant Microfinance Bank was conceived in 2022 with a bold mission: to bridge the financial inclusion gap and create affordable, accessible and dignified financial solutions for every Nigerian, not just the privileged few. She explained that the bank, fully licensed by the Central Bank of Nigeria (CBN) and insured by the Nigeria Deposit Insurance Corporation (NDIC), operates at the intersection of microfinance and digital innovation, offering products and services that blend the agility of fintech with the empathy of traditional microfinance.
“Our approach is simple: meet people where they are and equip them with the tools they need to thrive,” Ogunyamoju said. She revealed that over 25,000 previously unbanked Nigerians have already taken their first steps into structured financial planning through DigitvantPay, the bank’s mobile app. “The app allows users to open accounts in under two minutes, save, transfer funds, pay bills, and buy airtime seamlessly. We designed it with both rural and urban customers in mind, ensuring that it is user-friendly and truly accessible,” she explained.
Ogunyamoju added that Digitvant Microfinance Bank is committed to building a culture of savings as well as credit. “Credit alone isn’t enough; we are helping individuals and businesses plan for their future through inclusive savings products and fixed deposit plans.
Whether it’s for school fees, business expansion or retirement, we want to ensure that everyone—regardless of income level—has a pathway to financial security,” she said.
She stressed that the bank’s broad product range is designed to meet the unique needs of Nigerians, from working capital loans for MSMEs to education loans, personal loans, salary earners’ loans, targeted savings plans and fixed deposit options. But beyond products, she noted, the institution’s true mission is to transform underserved communities into hubs of growth and prosperity.
“Every dream deserves a chance. Every business is worth building. Financial inclusion is not a privilege—it’s a right,” Ogunyamoju declared. “Digitvant Microfinance Bank is not just offering banking; we are building a movement rooted in trust, powered by innovation and driven by empathy. We envision a future where digital finance lifts every underserved and remote community across Nigeria into growth and resilience.”
The event, which was attended by journalists, members of staff and stakeholders, also featured testimonials from some of the bank’s early customers who had benefitted from its flagship loan offerings. Oluwagboye concluded the event by calling for media partnership in amplifying the bank’s work and vision. “We invite you to tell the stories that will emerge from this platform—stories of resilience, growth and transformation,” he said.
