Nolt Finance has been granted an operating licence from the Central Bank of Nigeria to aid financial inclusion in the country.
It will now deliver financial services including investments and loans to SMEs and individuals.
Nolt Finance is a disruptor in the social impact banking space.
Nolt CEO Babatunde Dada said: “The CBN license gives us the eligibility to do business in a way that gives everyone confidence. This also enables us to tap into multiple sources of funding. For example, CBN has a lot of schemes to make finance accessible to different segments of the economy. So, we would also be benefiting from such provisions.”