Fully a digital bank, it provides financial services for the unbanked through its excellent consumer banking platform.
It is a product of Cintrust Microfinance Bank and a subsidiary of CapitalSage Technology Limited, which is an integrated financial technology group.
Speaking at the award ceremony, The Group Head, Marketing and Communications, CapitalSage, Ilabeshi Gabriel, said:
“This award is an honor and, importantly, a testament to our vision to be the leading fintech partner in Africa. What we do at CapitalSage is guided by our pillars of financial inclusion, entrepreneurial development, and wealth creation, and that is what our flagship brand Kolomoni has been all about.”
“Kolomoni has evolved from just a savings product to a fully digital bank offering innovative savings, bill payment, and loan products to Nigerians on the one hand.” He added.
Speaking further, he said under its Agent Banking, “transactions worth billion of naira are performed monthly”. This is done through its agents serving millions of customers across Nigeria and beyond.
In a bid to drive financial inclusion, it partnered with the federal government. This is through its National Social Investment Programme (N-SIP).
It also collaborated with SANEF to help train the awardee of N-SIP in agent banking. This is to help them utilize the opportunities given to them by the government.
Kolomoni was founded in 2014 as a micro-lending business. It has evolved and consolidated its business offerings through the adoption of an innovative business model. This is well focused on people’s needs and values.
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