Nigeria’s Rigo Microfinance Bank Partners With Pngme
We’re excited to announce a partnership with Rigo Microfinance Bank (Rigo) that will bring digital loans to their existing customer base and expand their capabilities to service and provide credit to rural communities. Rigo provides micro, small, and medium enterprises with loans to scale their businesses.
The partnership will initially focus on digitizing Rigo’s loan application and issuance processes, which are currently paper-based and performed face to face, or through a local branch. With the threat of COVID-19 and the ensuing lockdown in Nigeria, Rigo was unable to use its existing processes to accept loan applications, issue loans, and collect loan repayments. Digitizing Rigo’s loan application and issuance process will ensure customers are able to access Rigo’s loans from their mobile device and will obviate the need for Rigo’s loan officers to process loan applications and collections in person.
“We’re excited to work with the Pngme team to leverage their data API technology and loan management platform.” said Adolphus Abraham, Managing Director and Chief Executive Officer at Rigo Microfinance Bank. “Pngme’s data API technology will allow Rigo to digitally credit score our customers and automate the loan disbursement process in an efficient manner. By partnering with Pngme, Rigo will be able to serve our current customers better and grow our customer base more easily.”
“We look forward to partnering with Rigo Microfinance Bank and supporting them in their journey to become a digital bank. Using the Pngme mobile platform, unified data API, and loan management platform, Rigo will be able to expand their reach and monitor their credit in their loan portfolio using real-time data intelligence” said Brendan Playford, Pngme’s co-founder and CEO. “By using Pngme’s digital infrastructure, Rigo will be able to automate their loan processes and rapidly scale to reach more customers.”
Rigo provides individuals and micro, small, and medium enterprises with loans and financial services. Rigo delivers these services in order to enable greater financial inclusion and empower their customers to meet their financial goals. The company was founded in May 2017 and began lending operations in May 2018. Alongside providing loans, Rigo has also built a platform that provides products, accounts, savings, investment, mortgage, and pension.
Learn more about how Pngme is empowering Rigo Microfinance Bank and others to build a fast, cost effective digital infrastructure.
REQUEST A 30MIN CONSULTATION TODAY.
Follow Pngme on Twitter
Follow Pngme on Linkedin
