CIT VERICASH
| Private | |
| ISIN | 🆔 |
| Industry | Fintech |
| Founded 📆 | 2011 |
| Founder 👔 | Ashraf Zaki |
| Headquarters 🏙️ | Toronto, Ontario, Canada |
Area served 🗺️ | Africa, international markets |
| Products 📟 | Digital banking, mobile wallet, payment systems, agency banking |
| Members | |
Number of employees | 120–200 |
| Parent | CIT Global |
| 🌐 Website | citvericash |
| 📇 Address | |
| 📞 telephone | |
CIT VERICASH is a fintech platform and division of CIT Global, a technology services group founded in Toronto, Canada in 1993.[1] It provides a configurable digital financial services platform for banks, mobile network operators, financial institutions, and fintech companies. The platform is used in emerging markets, primarily in Africa.[2]
History
In 2011, CIT Global established the CIT VERICASH division to develop and deploy digital financial services infrastructure for institutional clients.[3] Between 2014 and 2015, the VERICASH platform was launched with its first banking partners.[4]
In 2024 and 2025, CIT VERICASH received industry awards from the Africa FinTech Forum and Finnovex West Africa.[5][6][7]
As of 2026, the platform operated in more than 25 African markets.[8]
Geographic presence
CIT VERICASH focuses on financial inclusion and digital transformation in emerging markets, with deployments primarily across African markets.[9]
Regional operational offices are located in Lagos (Nigeria) and Nairobi (Kenya), with an Africa Centre of Excellence headquartered in the Nasr City Free Zone in Cairo (Egypt).[10] The company also supports cross-border financial service corridors.[11]
Partnerships
CIT VERICASH has worked with CWG Plc on the deployment and management of digital banking platforms in multiple African markets.[12][13] The platform has also been deployed in collaboration with Bluechip Technologies, a regional systems integrator, to support digital banking, mobile wallet, and payment services in East Africa.[14]
See also
References
- ↑ "Bluechip Technologies and CIT Vericash forge strategic alliance". Bluechip Tech Business News. Retrieved 8 June 2026.
- ↑ "Digital partnership: UBA rewards customers with Vericash". ThisDay Live. 16 July 2025. Retrieved 8 June 2026.
- ↑ "CIT Global organisational chart". The Org. Retrieved 8 June 2026.
- ↑ "CWG 2.0 business model begins yielding fruit". Nigeria CommunicationsWeek. Retrieved 8 June 2026.
- ↑ "GFM Review announces winners of industry awards". GFM Review. Retrieved 8 June 2026.
- ↑ "Africa FinTech Forum awards – Nairobi 2025". Africa FinTech Forum. Retrieved 8 June 2026.
- ↑ "Africa FinTech Forum awards – Lagos 2025". Africa FinTech Forum. Retrieved 8 June 2026.
- ↑ "Three industry awards recognize the strategic impact of the Vericash fintech platform". Nairametrics. Retrieved 8 June 2026.
- ↑ "UBA Vericash championing Africa's digital banking revolution". ThisDay Live. 29 September 2025. Retrieved 8 June 2026.
- ↑ "Africa fintech operations report". AllAfrica. Retrieved 8 June 2026.
- ↑ "A decade of digital banking excellence". The High Street Journal. Retrieved 8 June 2026.
- ↑ "CWG mobile financial services hub goes live". The Guardian Nigeria. Retrieved 8 June 2026.
- ↑ "CWG partners Vericash to launch mobile financial services platform". Technology Times Nigeria. Retrieved 8 June 2026.
- ↑ "Bluechip Technologies appointment report". Hakuna Matata Media. 13 August 2024. Retrieved 8 June 2026.
External links
- Official website
- CIT Global — parent company website
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