Creditville Group has acquired TouchGold Microfinance Bank.
The firm said the acquisition has propelled it to initiate its digital innovation – C Money powered by TouchGold MFB.
The digital banking app was created to make financial transactions easier for the average Nigerian. It offered users competitive interest rates on investment/savings and the ability to transact seamlessly, a statement said.
“We are confident that the full acquisition of TouchGold will avail Creditville the opportunity to reach and serve our customers better while creating more jobs and financing Nigerians for a good life.
“The group places a strong emphasis on making banking easy and convenient, which will help achieve our overall objective of being one of the best fintech companies in Africa,” Group Managing Director, Creditville Group, Richard Rotoye.
“The acquisition provides Creditville with the opportunity to compete with other digital banking platforms. It gives us room to show our ability and disrupt the FinTech ecosystem in Nigeria. Our goal is to offer secure innovative technology and service that makes saving, lending, paying bills and investing simpler” said the Chief Investment Officer, Creditville, Seyi Erhiahwe.