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Relieva Africa Inclusive digital banking for last mile communities

Cover image of Relieva Africa, Banking venture on VC4A

Relieva Africa

Relieva Africa

Relieva Africa brings banking to the doorsteps of last mile in an ultra inclusive and ethical ways that make banking services easier and very affordable to access for rural dwellers that are not literate, not digital savvy and own no smartphone.

The business has a high potential because over 30 million Nigeria is underbanked/unbanked and the new (2023) cashless policy of the central bank has eliminated the previous way of MFI disbursing loan in cash – mandating all underserved seeking microloan from non banking MFIs to open a bank account in their name before they could accessed loan that is also expensive and stressful to secure. Relieva Africa is filling these two gaps.

Sectors Banking, Financial services
Location Abeokuta, Nigeria
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