There are over 10,000 rural financial institutions processing over 1.5 trillion Naira monthly in Nigeria. 80% of these institutions do not have a digital platform to service their customers. They either use traditional systems or use third-party platforms for their services.
Ikonik is building a digital financial platform tailored to meet the specific needs of each of these financial institutions and by that becoming a central payment processor for these financial institutions.
A Visa or Mastercard for the rural financial institutions.