Raven bank began operations in April 2021. The bank has grown in two years with over 500,000 customers and 5,000 businesses using its financial services nationwide. The bank celebrated its second anniversary last week to reinforce Raven’s continuous march to greatness.
At a press briefing, Uchenna Nnodim, the Chief Executive Officer (CEO) of the bank said “Our mission has not changed, we are still passionate about supporting the personal and business needs of our customers both in rural communities and in the big cities, adding that since inception, the bank has made about 20 million transactions and nearly one billion dollars transacted across its four products.
Speaking further, Nnodim said the company has gotten approval from NCC to get shortcode. Hear him, “We are working on our USSD banking. It is going to be different because you can literally do anything with our USSD banking. We believe we can extend some digital services to those in the villages even if they do not have a smartphone. That’s what we are building with the USSD. We hope to roll it out in the last quarter of the year.”
Also known as “the People’s Bank of Africa,” started as a platform that helped customers manage all their bank account in one platform has distinguished itself and metamorphosed into full fledged digital financial institution by developing products such as “Raven Overdraft,” “Raven Virtual Card,” “Raven Business Banking,” and “Raven Atlas” all of which testify to its position as an all-encompassing banking service provider.
Chidinma Onukogu, the Chief Financial Officer of the bank said Raven has increased in growth tremendously in multiple business metrics in the past two years, noting that in 2022, the company started the year with 150,000 customers and ended it with 470,000 customers, laying a solid foundation for the bank’s future growth.
Speaking further, “We used to carry out on average about 10,000 to 15,000 transactions daily but we did about 22,000 during that period. That’s an increase of over 40 per cent.”
Beyond offering digital financial solutions, the bank is also empowering entrepreneurs through the Raven Millionaire Programme (RMP)