256
Nigeria’s digital bank, Bankit Microfinance Bank, has put its name forward as one of the fast-rising players in the country’s financial technology space after presenting its innovations at the just concluded GITEX Africa, a leading technology and innovation event on the continent.
The event, which took place earlier this month, attracted investors, innovators, and government representatives from across Africa and beyond. For Bankit Microfinance Bank, the occasion provided an opportunity to highlight its journey as a regulated digital bank in Nigeria and to show how it is driving financial inclusion through technology.
In just eight months of operation, Bankit Microfinance Bank said it has grown into a trusted digital banking and microfinance platform, offering customers a range of simple and secure services. The bank explained that it has introduced free transfers, biometric security, and gamification strategies that make banking not just functional but also engaging for its users. These features, according to the bank, are part of its long-term plan to simplify the way Nigerians access financial services.
Speaking at the event, the Chief Operating Officer of Bankit Microfinance Bank, Mr. Simpa Yekini, described the participation at GITEX Africa as a milestone in the bank’s growth story. He noted that the bank’s fast rise within a short period of time shows that Nigerians are eager for safe and reliable digital banking solutions.
“At Bankit, we are reimagining what it means to bank in Nigeria. Our rapid growth validates the demand for secure, technology-driven banking solutions. Showcasing our innovations at GITEX Africa allowed us to reinforce our mission of making everyday banking simpler, safer, and more rewarding while building new strategic connections,” Yekini said.
He further revealed that the bank has set an ambitious target to expand its user base to more than one million Nigerians within the next 12 months. This, according to him, will be achieved through continuous innovation, strong partnerships, and customer-focused services.
Bankit Microfinance Bank is licensed by the Central Bank of Nigeria and insured by the Nigeria Deposit Insurance Corporation, giving it the necessary regulatory backing to operate in the financial sector. The bank positions itself as a digital-first institution with a focus on providing seamless banking experiences for individuals and small businesses.
Industry experts who attended GITEX Africa noted that platforms like Bankit Microfinance Bank are key to bridging the financial gap in Africa, where millions of people remain unbanked or underbanked. By offering easy-to-use mobile banking services, the bank is contributing to the Central Bank’s broader financial inclusion agenda.
The participation of Nigerian companies such as Bankit Microfinance Bank at international technology events also shows the increasing role of Nigeria’s fintech industry in shaping the future of digital finance on the continent. With more than 200 fintech startups currently operating in Nigeria, the sector continues to attract interest from investors who see opportunities in a country with over 200 million people and a growing demand for digital financial solutions.
For many Nigerians, the rise of digital-first banks like Bankit Microfinance Bank represents a shift from traditional banking to technology-driven solutions that put convenience and customer engagement first. As the bank looks to scale its operations and reach more people, industry watchers believe that the competition in the microfinance and digital banking space will intensify, leading to better services for customers.
Bankit Microfinance Bank’s appearance at GITEX Africa signals not only its commitment to innovation but also its determination to be a key player in Africa’s digital banking future.
