As part of efforts to boost Nigerian and African economies, CapitalSage Technology has hosted investors and fintech leaders to interface on its mission to expand financial inclusion across Africa.
The Managing Director, CapitalSage Holdings, John Alamu, while presenting the company’s blueprint for financial institutions across Africa, said: “We are on a mission to transform how Africans save, invest, collect, and manage money.
“We’re providing more than just financial services; we’re creating opportunities for financial independence and growth.”
The event provided a platform for captains of industry to network, exchange ideas, and forge partnerships focused on transforming the continent’s financial landscape.
Alamu explained that at the core of CapitalSage Technology’s vision is the belief that all Africans deserve access to seamless and secure financial services.
The objective, according to the Group Managing Director, lies at the heart of the company’s mission to empower individuals and businesses.
He explained further that through Kolomoni, CapitalSage Technology has made substantial progress, deploying over 65,000 POS terminals and working with a network of more than 10,000 merchants and agents to reach underserved communities.
Speaking on the company’s impact, Alamu disclosed that it has specific initiatives focused on financial empowerment for women.
No fewer than 500 women have been empowered by the company with essential financial tools and resources, fostering economic self-sufficiency and resilience.
According to Alamu, “These efforts are part of CapitalSage’s broader target to reach 10 million customers monthly and process over N1 trillion transactions.”
The ambitious growth is in line with the company’s commitment to providing diverse and accessible services, including current and savings accounts, remittance services, and an extensive network of cash pick-up agents for those traditionally excluded from formal financial services.
Alamu said: “CapitalSage Technology envisions a connected African payment system enabling smooth cross-border transactions.
“ErcasPay, its cross-border payment service, is positioned to support this growing demand, as Africa’s cross-border payments are projected to hit $200 billion by 2025.”
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