VFD Microfinance Bank
| ISIN | 🆔 |
|---|---|
| Industry | Banking |
| Founded 📆 | |
| Founder 👔 | |
| Headquarters 🏙️ | , Nigeria |
Area served 🗺️ | |
| Services | Online banking |
| Members | |
Number of employees | |
| Parent | VFD Group |
| 🌐 Website | https://www.vbank.ng |
| 📇 Address | |
| 📞 telephone | |
VFD Microfinance Bank is a fully digital bank with headquarters in Lagos, Nigeria. As a digital bank, it offers free banking services to Nigerians.[1][2][3] The bank was headed by Gbenga Omolokun as the managing director in 2021.[4][5] It is currently headed by Rotimi Awofisibe as its managing Director.[6] VFD Microfinance Bank is a subsidiary of VFD Group - a proprietary investment company with Nonso Okpala as Managing Director/ CEO[7][8]
Vbank
VBank (V by VFD or V) is a virtual bank and platform powered by VFD Microfinance Bank and was launched on March 25, 2020. It was created to offer free online banking.[2][9][10][11] Currently, VBank has onboarded more than 500,000 active individuals and businesses on its mobile banking platform across Nigeria.[12]
Veelage
Veelage is VBank’s community-based reward system that allows customers to earn on the go. Veelagers are ranked and rewarded based on their active participation. [1]
VBiz
VBiz is the VBank equivalent for businesses. It is an all-in-one platform enabling Corporate and SME (Small and Medium Enterprises) users to open, manage and transact from their V Bank Accounts. [2]
Awards
In 2019, VFD Group under Okpala's leadership, debuted on the Nigerian Stock Exchange [13] later earning the "Listed Company of the Year" award at the 2023 Nigerian Exchange (NGX) Made of Africa Awards.[14][15]
VBank has won the following awards:
References
- ↑ "VFD Microfinance bank offers hope to workers, democratizing ownership". The Guardian Nigeria News - Nigeria and World News. 2020-05-02. Retrieved 2022-03-11.
- ↑ 2.0 2.1 Partners, N. M. (2020-11-09). "VFD partners with eBanqo to implement a Banking Chatbot across its messaging platforms". Nairametrics. Retrieved 2022-03-11.
- ↑ "Digital bank records 250,000 users in one year". Punch Newspapers. 2021-04-06. Retrieved 2022-03-11.
- ↑ "Omolokun Advocates Fintech Roadmap for Nigeria". Business Post. 2021-11-18. Retrieved 2022-06-23.
- ↑ "VBANK SPONSORS WOMEN IN TECH GLOBAL; UPSKILLS 1,000 WOMEN AND GIRLS IN STEM". Brandcrunch. 2022-11-29. Retrieved 2022-06-23.
- ↑ "VFD Microfinance Bank strengthens leadership with strategic appointments". 14 June 2024.
- ↑ "VFD to raise N7 billion, targets investments in financial services". The Guardian Nigeria News - Nigeria and World News. 2018-12-13. Retrieved 2022-03-11.
- ↑ Odutola, Abiola (2020-03-06). "VFD MFB bridges banking gap, unveils V". Nairametrics. Retrieved 2022-03-11.
- ↑ John, Janet (2021-04-26). "Fintechs compete with traditional banks, introduce free services". Nairametrics. Retrieved 2022-03-11.
- ↑ "Everyone needs to get on the new VBank App". TechCabal. 2021-04-09. Retrieved 2022-03-11.
- ↑ "2021 Nigeria Fintech Week: VBank leads discourse on innovative payment systems". Tribune Online. 2021-11-08. Retrieved 2022-03-11.
- ↑ "Digital bank records 250,000 users in one year". The Punch. 2021-04-06. Retrieved 2022-06-22.
- ↑ "NASD WELCOMES VFD GROUP PLC TO TRADE". nasdng. 14 November 2019.
- ↑ "vfd-group-wins-equity-listing-of-the-year-at-ngx-made-of-africa-awards". thisdaylive.
- ↑ "VFD Group Wins Award At NGX Made Of Africa Awards". nationaleconomy.
- ↑ "Nairametrics, Vbank, MTN, Nengi Hampson, Josh2funny and others shine at GAGE Awards 2021". Nairametrics. 2021-04-26. Retrieved 2022-06-22.
- ↑ "V Bank wins Mobile Banking App of The Year back-to-back". Vanguard News. 2022-06-20. Retrieved 2022-06-22.
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