COMPANY PROFILE: RESIDENT FINTECH LIMITED BY CHINEDU NSOFOR

 

COMPANY PROFILE: RESIDENT FINTECH LIMITED

BY
CHINEDU NSOFOR

 

 

Resident FinTech Limited stands as an affiliate company of Resident Capital Group, a pioneering force in the realm of Financial Technology. Established in 2019, Resident FinTech embarked on a mission to address the evolving landscape of financial transactions, harnessing the power of technology to revolutionize traditional financial approaches. As a subsidiary of Resident Capital Group, it plays a pivotal role in developing and marketing a cloud-based platform comprising curated, disruptive FinTech applications and big-data financial analytic products, forged through strategic partnerships with numerous leading FinTech startups, financial institutions, data providers, and key allies.

Founding and Mission: Founded in 2019 amidst a rapidly changing financial ecosystem, Resident FinTech set out to modernize financial operations and bridge the gap between traditional financial entities and emerging technological innovations. The company envisions becoming a premier FinTech firm in Africa, committed to delivering user-friendly and innovative financial products and services. Its mission revolves around fostering a multi-stakeholder FinTech ecosystem by leveraging cutting-edge technological innovations through collaborations with financial institutions, technology partners, academia, investors, government entities, and corporate partners.

Legal Status: Resident FinTech Limited operates as a private limited liability company registered in Nigeria by the Corporate Affairs Commission (CAC) under the Companies and Allied Matters Act (CAMA), 2004. With its incorporation on 24th August 2019 (Incorporation number: RC 1627801), the company is authorized to conduct business as a Payment Solutions Service Provider (PSSP), focusing on payment processing gateway, collections, and payment solutions development. Its operational headquarters are located at No 38 Mike Akhigbe Way, Jabi, Federal Capital Territory in Abuja.

Payment Solution Service Provider: Resident Fintech Limited holds a Payment Solution Service Provider (PSSP) license from the Central Bank of Nigeria (CBN) and operates a microfinance bank under its umbrella, providing innovative financial services tailored to meet the needs of its clientele.

Core Values: The ethos of Resident FinTech is anchored in service excellence, underpinned by rigorous due diligence and meticulous attention to detail. These core values form the bedrock of the company’s operations, guiding its endeavors towards delivering exceptional products and services to its clientele.

Products and Services: Resident FinTech offers a comprehensive suite of products and services designed to cater to diverse financial needs:

Money Transfer: Facilitating seamless money transfers, customers can effortlessly transfer funds to any account with swift and ease through the Resident FinTech platform.

Data/Airtime Purchase: Enabling customers to purchase airtime and data subscriptions with a simple click, the platform ensures convenience and accessibility for users.

Payroll/Bulk Payments: Simplifying bulk payments for staff accounts, salaries, and other disbursements, Resident FinTech’s platform streamlines the process by collecting account details and specific amounts, facilitating distribution with unparalleled efficiency.

Utility Bill Payment: Offering a hassle-free solution for utility bill payments, the platform integrates with service providers to process payments for services such as AEDC, Cable TV subscriptions, taxes, and levies.

Collections: Providing a robust collection model, Resident FinTech empowers merchants to effortlessly receive payments from their customers. Merchants can create accounts and generate unique links for customers to channel funds seamlessly through the platform.

Conclusion: Resident FinTech Limited epitomizes innovation and efficiency in the financial technology sector, driving transformative change by harnessing the power of technology to reshape traditional financial paradigms. With its unwavering commitment to service excellence and a robust portfolio of products and services, the company is poised to lead the charge in revolutionizing financial transactions across Africa and beyond.p