Equity Group Holdings Plc recently launched its fintech subsidiary, Finserve, signaling a future defined by disruptive innovation beyond the Group’s current financial services. Finserve will operate as an autonomous commercial enterprise, delivering solutions not just for Equity Group, but to the entire economy.
Finserve has been the technology arm of Equity Group and is credited with revolutionizing banking and other financial services through digitization. It has been behind innovations such as Equitel, the Group’s Mobile Virtual Network Operator (MVNO).
Customers using the Equitel SIM card can manage their bank accounts from their mobile phones – sending money to any bank and any mobile network, paying for goods and services using EazzyPay, applying and receiving instant Eazzy Loan on their phones as well as making calls and buying data bundles.
The fintech has already stormed the market with two revolutionary products that offer innovative solutions to businesses and developers. Launched under the name Jenga, a Swahili word for ‘build’, they provide a versatile payment gateway and open APIs.