Cashir strengthens safety features, targets 5 million unbanked

As portion of its enlargement efforts, Nigerian fintech company, Cashir has announced a further enhancement of the information features connected its app to bolster the assurance of users successful the country.

The Chief Executive Officer of Cashir, Wole Ademola Adewole disclosed this during an interrogation with a transverse conception of the media successful Lagos.

According to him, the app, which won the Microsoft for Startup Founder’s Award, has been fortified lately to guarantee that users not lone bask seamless transactions for regular fiscal needs but are arsenic protected portion doing so.

“Safely is simply a precedence for america astatine Cashir. As such, we behaviour an integrated cognize your customers (KYC) process for each registered users connected our level and this helps america complaint users based connected a pre-determined assurance level which we usage to show idiosyncratic activities. In addition, we person thresholds for maximum transaction measurement users tin execute depending connected their KYC classification. Furthermore, we are ever innovating and rethinking however we marque definite our systems are fraud-free and safe,” helium said.

Emphasising that the institution is determined to guarantee fiscal state successful West Africa and beyond, Adewole revealed that a wide roadmap to turn its idiosyncratic basal to implicit 500,000 successful 24 months has been developed arsenic good arsenic grow to different African countries, starting successful West Africa.

“In 5 years, we expect to person achieved a unicorn presumption of 1 cardinal valuation, which volition beryllium evident by our idiosyncratic basal maturation and transaction volumes. But much importantly, we are connected a ngo to facilitate 1 cardinal Africans to go financially banked. The people assemblage for Cashir App is the big colonisation betwixt 18 to 50 years who person smartphones. Ideally, our aboriginal adopters are radical betwixt the ages 18 and 35 years and this is due to the fact that they are much adventurous and acceptable to effort retired caller things.”

Founded successful 2022 by the trio: Wole Ademola Adewole (Founder and CEO); Adedayo Adewole, Co-founder and Chief Product Officer (CPO) arsenic good arsenic Adeyinka Adewole, Co-founder and Chief Marketing Officer (CMO), Cashir App downloadable from Google Play Store and Apple Store has facilities for users to behaviour banking needs from mobile telephone with easiness astatine lightening speeds.