Ajocard is a Nigerian fintech company focused on providing financial inclusion for underserved and unbanked communities. Through innovative agency banking solutions, they offer a range of accessible financial services designed to simplify banking for everyone. Their mission is rooted in making financial processes secure, convenient, and accessible, driving a vision of “banking for everyone.”
Founder’s Story
Founded by Ike Eze, a tech-driven entrepreneur, Ajocard was inspired by the traditional “Ajo” system—a communal savings method widely used across Nigeria. Eze identified the gaps in financial services for the underbanked and envisioned a secure, technology-driven solution that preserves the benefits of communal savings while making it more accessible and formalized. Under his leadership, Ajocard evolved into a robust financial services platform serving customers across Nigeria, especially in remote areas.
Services and Products
Ajocard provides several key services designed to meet the needs of micro, small, and medium-sized enterprises (MSMEs) and individuals:
- Micro-Savings: Ajocard facilitates daily savings collections for open-market retailers and MSMEs, helping them manage their finances efficiently. This product encourages saving small amounts regularly, providing a formalized way for users to build their financial resilience.
- Micro-Loans: Offering 30-day micro-loans of up to ₦100,000, Ajocard helps small business owners access essential funding to grow their operations. This product targets users who may not qualify for traditional banking loans due to a lack of collateral or banking history.
- YondaCare Insurance: Through a partnership with YondaCare, Ajocard provides affordable and hassle-free health insurance to underserved populations. This initiative underscores their commitment to improving financial and social welfare for the underbanked.
- Ajo Wallet: This mobile wallet solution allows users to save, make payments, and manage their money securely from anywhere. It acts as a one-stop-shop for financial transactions, simplifying money management for users who may lack access to traditional banking facilities.
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Core Values
Ajocard’s success is built on six key values:
- Customer Focus: Ajocard prioritizes customer needs, ensuring that their products and services meet the specific challenges faced by the underserved population.
- Respect: They maintain a respectful environment for both customers and employees, valuing feedback and diverse perspectives.
- Collaboration: Ajocard fosters a collaborative team environment, emphasizing internal support for collective growth.
- Excellence: A drive for excellence is central to their operations, with a passion for delivering top-tier products and services.
- Accountability: Ajocard holds itself accountable through integrity and ownership of their work.
- Celebration: They believe in celebrating all achievements, both large and small, recognizing the importance of team and individual milestones.
Leadership Team
Ajocard’s leadership team comprises industry experts who bring diverse experience in fintech, engineering, customer service, and more:
- Ike Eze – CEO and visionary behind the company.
- Titilola Feyijimi – COO, who manages daily operations.
- Kennedy Ohakweme – Managing Director of Microfinance Banking (MFB), leading financial product development.
- Olamide Agoro – Engineering lead, responsible for building and maintaining the technology behind Ajocard’s services.
Other notable leaders include directors and experts in compliance, product development, and customer experience, all of whom contribute to Ajocard’s operational success.
Conclusion
Ajocard is transforming Nigeria’s financial landscape by offering inclusive solutions that cater to the unbanked and underserved. With a strong focus on customer satisfaction, innovation, and financial security, they are helping bridge the gap between traditional banking systems and the realities of many Nigerians. Whether it’s through micro-loans, savings options, or health insurance, Ajocard is driving meaningful impact and pushing the boundaries of fintech in Africa.
For more information, visit Ajocard’s official website.
This article was created in partnership with the ETF Community, a network of engineers, founders, and industry professionals dedicated to fostering innovation, collaboration, and entrepreneurship in the tech space. For more information, visit www.etf.community.