Firstmonie

FirstBank introduces the Firstmonie Mobile Money Service, an innovative product that enables customers to access financial and other value

Business Model:

Revenue: $0

Employees: 11-50

Detailed Firstmonie Information

Geographic Data

Firstmonie headquarters map

Address: 9/11 MaCarthy Street, Off King George Street

City: Onikan

State: lagos

Zip: 101231

Country: NG

Financial Info

Stage:

grant

Raised Last:

$12M

Raised Total:

$12M

Metrics

0Website Global Rank

0Website Monthly Traffic

Twitter Followers

Description

FirstBank introduces the Firstmonie Mobile Money Service, an innovative product that enables customers to access financial and other value added services through their mobile phones. This caters to the high percentage population of unbanked population across the country. According to Mr Bisi Onasanya, Group Managing Director, FirstBank, “with the inauguration of this service, the stage is now set for the bank’s customers and anyone in Nigeria with a mobile phone to enjoy financial services, using their mobile phones to send money, pay bills, top up their phone airtime, do shopping, deposit and withdraw cash, without the need to visit a bank branch.” He added that Firstmonie services were created with three principles in mind. “The first is defined by how consumers receive money to fund their unique lifestyles; how consumers spend money for their unique lifestyle needs; and thirdly, the ability of the consumer to be informed and in control of their money,” The service is available on all major the network telecommunications operators including MTN Nigeria, Etisalat and Globacom. FirstBank will also leverage on the fund transfer capability of the mobile telephony to offer world class services, noting that mobile phone has the capability to store monetary information and like other channels of e-banking, is closer and always with the customer.

Contact Phone:
+13477866643

Contact Email:

Announced Date Company Transaction Money Raised
Announced Date Transaction Number of Investors Money Raised Lead Investors
3/2014 Grant 1 $12M Bill &a; Melinda Gates Foundation
Bill &a; Melinda Gates Foundation
Announced Date Name Price

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