Vale,a Nigerian mobile banking provider (formerly Fundbae) is repositioning as a digital bank, enabling access to limitless opportunities for individuals and businesses.
The Vale (Fundbae) proposition began as a Savings App aimed at helping Gen Zs and Millennials manage money and earn above-market returns on fixed, target savings and overnight savings plans. In the last year, uptake has grown steadily, with over 55,000 Users signed-up and close to N3 Billion in Savings and Payment transaction activity.
Vale is now going a step further, beyond Savings. It is evolving into a full digital banking suite that solves for all income earners – either as working persons or business owners. With Vale, users can enjoy high-yield Savings, Smart-Credit to fund their goals, Buy-now Pay-Later Credit, and also send and receive money through their digital account.
To scale-up adoption, Vale is building a community of ‘Builders’ – Customers with smart financial goals, seeking to earn more, do more and connect more. A referral program is in place to attract these ‘Builders’ and anyone can earn money and other rewards by introducing friends to Vale.
Also, Vale is duly regulated and holds a Finance House License issued by the Central Bank of Nigeria. On fundraising, the business is attracting investment attention, having raised an undisclosed amount at a pre-seed round in the first half of 2022.
According to the leadership team, Vale will soon be in the market for a $2 Million Seed raise, to fund the roll-out of its Buy Now Pay Later offering.
