Nigeria: Oradian, ANMFIN Launch New Cloud-based Solution To Improve Financial Inclusion

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Financial inclusion company Oradian has partnered with the Association of Non Bank Microfinance Institution of Nigeria (ANMFIN) to deepen financial inclusion in Nigeria, using Oradian’s cloud-based solution.

“The partnership will enable all of our MFIs to move to Oradian’s cloud-based solution, helping our members to save time and money through more efficient, digitised processes – no more manual input of data,” Princess Adesola Ogunleye, the President of ANMFIN said.

“We and our members are very excited to improve administrative process, reduce high operational costs and offer digital financial services across the country.”

The partnership has led to the launch of ANMFIN Cloud Express, which expands the range of solutions that Oradian offers in Nigeria.

“Nigeria was Oradian’s first market when we started Oradian six years ago, and we remain committed to solving the financial inclusion challenge here. This partnership is a long-term partnership that is an important step towards this goal,” Antonio Separovic, CEO of Oradian said.

The partnership will enable ANMFIN to promote access to financial services for Nigerian clients on a larger scale by using ANMFIN Cloud Express, a core banking system specially built for ANMFIN and its microfinance institution (MFI) members. ANMFIN Cloud Express, powered by Instafin, is a cloud-based toolset tailored to enable smaller Nigerian microfinance institutions (MFIs) to benefit from a cloud-based solution.

According to Oradian’s Programme Director for Africa Onyeka Adibeli, “ANMFIN Cloud Express enhances MFIs’ ability to manage all operations including client relationships, transactions, portfolio management and reporting in the same way that large banks do – but at a fraction of the cost. We are removing the barriers that prevent MFIs from using the right technology to serve their clients and to strengthen their operations.”

With a cost and a system tailored for the needs of smaller MFIs, Oradian’s partnership with ANMFIN enables more financial institutions to take advantage of technology to become more efficient, grow and reach more unbanked individuals in rural communities.


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