One of the fastest-growing microfinance banks in the country, Digitvant Microfinance Bank has recorded N173 million as profit before tax in its 2025 half-year report, a development that placed the financial institution among those viable in the country. reports Busimess Today NG.
The bank disclosed that this achievement became possible after over 25,726 previously unbanked Nigerians joined its platform to take their first step toward structured financial planning.
Digivant Managing Director, Florence Ogunyamoju, who made this disclosure at the bank press briefing yesterday at its Ikeja office, Lagos State capital, attributed the success of the bank to its staff building personal relationships with their customers.
“We have developed a good personal relationship with our esteemed customers. Though we are in business to make money, the success of our customers is also paramount in our hearts. Their joy is our joy, their pain is also our pain. We go all the way to ensure that all our customers are happy doing business with us, and that is why, within the first three years of our existence, we are forced to be reckoned with in the microfinance business in the country. Our success speaks for us”.
According to her, Digitvant MFB was conceived in 2022 with a bold mission: to bridge the financial inclusion gap and create accessible, affordable, and dignified financial solutions for every Nigerian, not just the privileged few.
“We are more than a microfinance institution. We are building a people-first, community-driven, and technology-enabled financial ecosystem that reflects the realities of the Nigerian people.
Our philosophy is simple: meet people where they are and equip them with the tools they need to thrive. Digivant believes that every dream deserves a chance. Every business is worth building. Financial inclusion is not a privilege—it’s a right,” she said.
Speaking on the foundation of the Digitvant MFB, Ogunyamoju said it is fully licensed by the Central Bank of Nigeria (CBN) and insured by the Nigeria Deposit Insurance Corporation (NDIC). We operate at the intersection of microfinance and digital innovation, offering a robust model that promotes economic empowerment and sustainable financial inclusion.
On why the company came on board, she said, “Today, Nigeria’s informal sector contributes nearly 48 percent of our GDP and employs 84% of the workforce. Yet, the majority remain outside the formal financial system—relying heavily on cash and unstructured savings.
At Digitvant, we blend the agility of fintech with the empathy of microfinance. Our solutions are not just digital—they are deeply human.”
While explaining the ideology behind market monie, the flagship product of the bank, Ogunyamoju said it is a tailored loan product designed to address the working capital needs of small and medium-sized businesses. It is flexible, easy to access, and reflects the unique rhythm of informal sector enterprises. We remove traditional obstacles such as collateral and cumbersome paperwork. Instead, through our network of community agents, we have empowered over 50,000 entrepreneurs to grow their businesses and secure their livelihoods,” she said.
