Enhancing Monetary Innovation & Entry (EFInA) Restricted has introduced the appointment of Kola Aina, Founding Accomplice and Normal Accomplice of Ventures Platform, Africa’s main seed-stage enterprise capital agency, to its board of administrators.
EFInA is a monetary sector growth organisation dedicated to selling monetary inclusion in Nigeria, with the imaginative and prescient of turning into the chief in facilitating an all-inclusive, growth-promoting monetary system.
New Board Member, Kola Aina has been instrumental in advancing monetary inclusion throughout Nigeria and Africa. His enterprise capital agency’s investments in fintech corporations, equivalent to PiggyVest, have supplied monetary companies to over 5 million underserved people, contributing to a 13.5% improve in monetary inclusion in Nigeria. Along with monetary inclusion, Aina and his staff at Ventures Platform foster entrepreneurship, create jobs, optimise provide chains, and empower founders to develop market-creating improvements that handle Africa’s advanced challenges whereas accelerating digital transformation throughout the continent’s startup ecosystem.
Commenting on Aina’s pivotal function within the enhancement of economic innovation and entry within the Nigeria tech ecosystem, Dr. Agnes Olatokunbo Martins, former Director on the Central Financial institution of Nigeria, and Chairman of the Board, mentioned that Aina’s enterprise capital agency – Ventures Platform strategically invests in fintech improvements that may deepen monetary inclusion throughout the continent and his appointment to the board is nice and strategically helpful resolution that the African monetary sector will eternally be pleased about.
“We’re delighted to welcome Kola Aina to the EFInA Board. Kola has been a pivotal determine within the African tech ecosystem, funding monetary improvements that align with our mission to advertise revenue development for the underside 40% of the inhabitants and foster social and financial inclusion, as outlined in SDG 10 on Decreasing Inequalities. Kola’s expertise in entrepreneurship, mentorship, and backing fintech giants which have considerably improved monetary inclusion will probably be invaluable as we try to create a extra inclusive monetary sector.”
On his appointment, Aina mentioned, “I’m thrilled to hitch the EFInA board. EFInA is a important market enabler that has been a key driver of economic inclusion and a champion of the unbanked. The organisation’s studies and analysis have been credible sources of data for key stakeholders of the economic system, and I’m proud to be a part of a gathering of intellectuals which might be dedicated to steering the nation’s strategy to monetary inclusion in the appropriate path. I look ahead to working intently with my fellow board members and contributing to the achievement of our objective in Nigeria and throughout Africa. I stay dedicated to our collective ambition of selling an inclusive monetary sector that serves the excluded and underserved in Africa.”
A good portion of Aina’s enterprise fund (37.5%) is at present devoted to fintech corporations, aiming to extend entry to monetary companies, credit score, and digital banking options for underserved populations. By way of these investments, Aina and his staff at Ventures Platform are bridging the monetary inclusion hole and lowering inequalities.
Portfolio corporations like PiggyVest, Moni, Traction App, and Shekel Mobility, at present backed by Ventures Platform, serve over 4.5 million customers, offering elevated entry to financial savings accounts, capital, credit score histories, and monetary administration instruments primarily for underserved, unbanked, and underbanked people and entrepreneurs throughout Africa.
Kola Aina joins different distinguished EFInA board members, together with Dr. Agnes Olatokunbo Martins, former Director on the Central Financial institution of Nigeria; Olu Akanmu, former President and Co-CEO of OPay-Nigeria; Professor Janice Olawoye, Professor of Rural Sociology, College of Ibadan; and Saude Amina Atoyebi, former Deputy Chief of Employees (Administration) in Kaduna State Authorities.
EFInA continues to collaborate with specialists throughout the private and non-private sectors to advertise monetary inclusion in Nigeria. The organisation is funded by the Invoice & Melinda Gates Basis.