VFD Microfinance Bank explained

VFD Microfinance Bank
Industry:Banking
Hq Location Country:Nigeria
Services:Online banking
Parent:VFD Group
Website:https://www.vbank.ng

VFD Microfinance Bank is a fully digital bank with headquarters in Lagos, Nigeria. As a digital bank, it offers free banking services to Nigerians.[1] [2] [3] The bank is headed by Gbenga Omolokun as the managing director.[4] [5] VFD Microfinance Bank is a subsidiary of VFD Group a proprietary investment company with Nonso Okpala as Managing Director/ CEO[6] [7]

Vbank

VBank (V by VFD or V) is a virtual bank and platform powered by VFD Microfinance Bank and was launched on March 25, 2020. It was created to offer free online banking.[2] [8] [9] [10] Currently, VBank has onboarded more than 500,000 active individuals and businesses on its mobile banking platform across Nigeria.[11]

Veelage

Veelage is VBank’s community-based reward system that allows customers to earn on the go. Veelagers are ranked and rewarded based on their active participation. https://vbank.ng/veelage/

VBiz

VBiz is the VBank equivalent for businesses. It is an all-in-one platform enabling Corporate and SME (Small and Medium Enterprises) users to open, manage and transact from their V Bank Accounts. https://vbiz.vfdbank.com/

Awards

VBank has won the following awards:

Notes and References

  1. Web site: 2020-05-02 . VFD Microfinance bank offers hope to workers, democratizing ownership . 2022-03-11 . The Guardian Nigeria News - Nigeria and World News . en-US.
  2. Web site: Partners . N. M. . 2020-11-09 . VFD partners with eBanqo to implement a Banking Chatbot across its messaging platforms . 2022-03-11 . Nairametrics . en-US.
  3. Web site: 2021-04-06 . Digital bank records 250,000 users in one year . 2022-03-11 . Punch Newspapers . en-US.
  4. Web site: 2021-11-18 . Omolokun Advocates Fintech Roadmap for Nigeria . 2022-06-23 . Business Post . en-US.
  5. Web site: 2022-11-29 . VBANK SPONSORS WOMEN IN TECH GLOBAL; UPSKILLS 1,000 WOMEN AND GIRLS IN STEM . 2022-06-23 . Brandcrunch . en-US.
  6. Web site: 2018-12-13 . VFD to raise N7 billion, targets investments in financial services . 2022-03-11 . The Guardian Nigeria News - Nigeria and World News . en-US.
  7. Web site: Odutola . Abiola . 2020-03-06 . VFD MFB bridges banking gap, unveils V . 2022-03-11 . Nairametrics . en-US.
  8. Web site: John . Janet . 2021-04-26 . Fintechs compete with traditional banks, introduce free services . 2022-03-11 . Nairametrics . en-US.
  9. Web site: 2021-04-09 . Everyone needs to get on the new VBank App . 2022-03-11 . TechCabal . en-US.
  10. Web site: 2021-11-08 . 2021 Nigeria Fintech Week: VBank leads discourse on innovative payment systems . 2022-03-11 . Tribune Online . en-GB.
  11. Web site: 2021-04-06 . Digital bank records 250,000 users in one year . 2022-06-22 . The Punch . en-US.
  12. Web site: 2021-04-26 . Nairametrics, Vbank, MTN, Nengi Hampson, Josh2funny and others shine at GAGE Awards 2021 . 2022-06-22 . Nairametrics . en-US.
  13. Web site: 2022-06-20 . V Bank wins Mobile Banking App of The Year back-to-back . 2022-06-22 . Vanguard News . en-US.

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