Fintech firm to boost financial solutions in communities

HALO Financial Services Limited, a fintech startup has launched an innovative approach to offer financial solutions to communities and grow their money.

According to the firm, focusing on communities will enable it to assist more Nigerians, especially at the grassroots level to grow their finances.

Halo defines a community as any group of people with defined membership and identifiable leadership, which includes; professional or trade associations, cooperatives, social clubs, unions, even old boys and girls associations and more.

Speaking at a media roundtable to introduce the company, the Chief Executive Officer and co- founder, Chidimma Onyeokoro, disclosed that Halo enables communities to provide financial services to their members.

According to her, community members are able to leverage the strength of their union for better financial returns.

She said trust is the bedrock of all financial services, adding that by leveraging existing trust networks, Halo will be able to reach more people with the products, tools and knowledge to meet their wealth creation goals.

Onyeokoro said with a micro finance bank license and an asset management license, it offers the firm a full spectrum of financial services f rom basic banking to sophisticated investments, while regulations by both Securities and Exchange Commission ( SEC) and Central Bank of Nigeria ( CBN), ensures the risk management and corporate governance is very rigorous.

Noting that the company is keen on serving as many people as possible, she explained that Halo offers multi- channel access, such as an app for those comfortable with technology, while the mass market customers can transact via a nationwide network of agents, and high net worth communities can access a managed service.