CBN Grants Awacash Microfinance Bank License

Awacash, a fintech platform, has received a microfinance bank license from the Central Bank of Nigeria.

This is followed by its previous acquisition of a money lending license.

Speaking on the development, Dayo Okunfolami, the Co-Founder of Awcash, "We understand the obstacles encountered by the average Nigerian in obtaining credit and efficiently managing their finances.

"Our primary objective is to streamline their lives by offering an on-demand banking experience that is tailor-made to meet their ever-evolving needs."