Digital Banking Startup, Sparkle Launched in Nigeria




Tech World

July 1, 2020, 2:51 p.m.

Former CEO of Diamond Bank and Tech Entrepreneur Uzoma Dozie has launched Sparkle, a digital banking startup in Nigeria.

Sparkle is aimed at providing seamless solutions to Nigerian individuals, SMEs and retailers with Sparkle.

Sparkle, is a lifestyle and financial solution firm which has been granted a banking license from the Central Bank of Nigeria (CBN).

It offers individuals an extensive support in flexible payments, savings and analytics to provide greater freedom, flexibility and control over their finances and lifestyle.

Sparkle also allows users to track their daily, weekly, and monthly spending patterns, with detailed breakdown by category. One of its features, Sparkle Stash allows users save towards specific goals.

Users can make purchases online and in-person with both Sparkle physical and virtual cards.

They can also make split payments, make utilities and bill payments. The company also has SparklePay which lets users send money to people without knowing their account numbers.

The company is launching a mobile app which is powered by data and technology and will be available on both iOS and android.

This will give customers full and free access to one account that offers multiple services and different wallets.

“Sparkle will be transformational for Nigerians across the globe and I am hugely excited to be launching it today. Sparkle is redefining Nigerian commerce by merging financial services with a seamless lifestyle solution,” said Dozie.

He also said they were empowering Nigerians to fulfill their potentials, democratizing access to valuable solutions for their business and personal needs.

According to him, they will be able to achieve this by removing barriers using technology and data.

The company is partnering with Visa, Microsoft and PwC Nigeria to provide industry-leading expertise in APIs, cloud computing, data science, machine learning, tax and financial advisory services for the benefit of Sparkle’s customers .

“We are working with global partners to unleash freedom, flexibility and transparency in Nigeria. We are helping to drive forward the growth of Nigeria’s budding entrepreneurs and individuals,” said Dozie.

The services offered by Sparkle are all licensed by the CBN.

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Verny loves to write poetry, fiction and quotes. Her love for writing landed her in journalism. She loves gadgets and travelling to explore new places.