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Nigeria: Alert MFB Launches Digital Banking Platform to Boost SME Growth

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Alert MFB Launches Digital Banking Platform to Boost SME Growth

Alert Microfinance Bank (MFB) has rolled out a Business Banking Platform designed to streamline financial operations for entrepreneurs and small businesses, in a move aimed at strengthening Nigeria’s SME sector.

The platform consolidates essential services into a single interface, giving SMEs access to business advisory support, POS terminals, and NQR-enabled payment solutions. Each business customer will also be assigned a dedicated Relationship Manager, ensuring personalised guidance from startup phase through to full-scale operations.

At the official launch, Alert MFB Managing Director, Raji Saheed, described the initiative as a critical step in fostering sustainable growth. “The platform offers real-time insights, multi-user access, and role assignment features—tools that are especially valuable for entrepreneurs managing larger teams. Its integration with our ‘Scan to Pay’ and ‘Pay with Transfer’ solutions ensures secure, seamless transactions across channels,” he said.

Kazeem Olanrewaju, Group CEO of Alert Group, added that the project reflects the bank’s mission to expand financial inclusion and stimulate economic activity. “Our goal is to provide practical banking solutions that give businesses flexibility, control, and actionable insights,” he noted.

Alert MFB’s push into SME-focused digital banking comes as the lender continues to demonstrate capacity in the sector, with a gross loan portfolio of ₦22 billion in 2025 underscoring its commitment to financing Nigeria’s growing base of small and medium enterprises.

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