VFD Group invests ₦5 billion in fintech arm, V Bank
- VFD Group Plc injected ₦5 billion into VFD Microfinance Bank to accelerate technological advancement.
- V Bank has established a strong presence in Nigeria's financial sector since its launch in March 2020.
- The fully digital bank offers zero maintenance fees and competitive interest rates.
The significant investment by VFD Group in V Bank is a strategic move that not only strengthens its digital banking capabilities but also reflects a growing trend among financial firms to invest in fintech solutions. This could potentially reshape the banking landscape in Nigeria, fostering innovation and improving customer experiences.
