Nigeria’s fastest-growing digital-first microfinance bank, Bankit MFB has showcased its fintech journey at the just-concluded GITEX Africa.
The event reinforced its position as a Central Bank of Nigeria (CBN)-licensed and NDIC-insured digital bank championing financial inclusion.
Held from September 3 to 4, 2025, at the Landmark Event Center and Eko Hotels in Lagos, GITEX Africa brought together innovators, investors, regulators, and technology leaders.
Bankit MFB used the platform to share its growth story, outline future expansion, and engage directly with stakeholders and policymakers.
The showcase earned commendations from participants, signaling the bank’s readiness to play a stronger role in Africa’s digital economy.
Bankit MFB leading fintech growth
In less than a year, Bankit MFB has built a reputation as one of Nigeria’s most reliable microfinance and digital banking institutions. Its services include free transfers, biometric security, gamified banking, and technology-driven customer support.
These features appeal strongly to tech-savvy Nigerians, freelancers, and small businesses.
“At Bankit, we are re-imagining what it means to bank in Nigeria,” said Simpa Yekini, Chief Operating Officer, Bankit MFB.
“Our rapid growth validates the demand for secure, technology-driven banking solutions. Showcasing our innovations at GITEX Africa allowed us to reinforce our mission of making everyday banking simpler, safer, and more rewarding while building new strategic connections.”
According to Yekini, the Bankit MFB app is available on Google Play and the App Store. This makes fast, secure, and rewarding banking accessible to everyday Nigerians, while expanding digital financial inclusion across diverse demographics.
Financial inclusion and expansion plans
Bankit’s user-first model, backed by robust technology, has positioned it as a standout in Nigeria’s fintech ecosystem. The bank leverages mobile-first services to bridge gaps in financial access for underserved Nigerians.
Looking ahead, Bankit MFB has set an ambitious goal of expanding its user base to more than one million Nigerians within 12 months.
This aligns with broader national objectives to reduce the financial exclusion rate and support the Central Bank of Nigeria’s drive toward a cashless economy.
Bankit MFB and Nigeria’s fintech future
Bankit MFB’s rapid growth reflects the rising demand for digital-first banking in Nigeria. With over 38 million unbanked adults nationwide, fintech solutions that emphasize accessibility, transparency, and affordability are critical.
The bank’s CBN license and NDIC insurance give users confidence in its credibility, while its gamified engagement strategies make banking more interactive. Industry experts at GITEX Africa noted that such models could shape the future of financial services in Nigeria and across Africa.
By prioritizing innovation, accessibility, and customer protection, Bankit MFB is carving out a strong niche in Nigeria’s evolving fintech landscape.
Its presence at GITEX Africa not only reinforced its credibility but also highlighted the country’s broader potential in digital banking and financial technology.
As digital adoption grows across Africa, initiatives like this demonstrate how microfinance banks can scale impact, expand access, and accelerate financial inclusion.
Bankit MFB remains focused on building a secure and rewarding banking experience that aligns with the needs of modern Nigerians.
Advertisement
