Alternative Bank Introduces AltInvest Digital Investment Platform

By Bliss Okperan

A digital investment platform known as AltInvest has been introduced by a new kid in the banking industry in Nigeria, Alternative Bank.

According to the non-interest lender, which commenced operations in October 2023, the new product empowers individuals to navigate seamlessly the investment world, blending ethical and digital features for increased accessibility.

At the unveiling of the innovative financial solution at the 44th Kano International Trade Fair, the company also launched another produced AltBiz, which it said caters to the financial needs of businesses, offering a comprehensive suite of services to fuel growth, innovation, and sustainability.

“These products align with our vision of providing accessible and tailored financial services to both businesses and individuals in this region,” an executive director at Alternative Bank, Mr Garba Mohammed, said at the trade fair.

He explained that, “The Kano International Trade Fair is a vibrant platform, and we are thrilled to introduce AltBiz and AltInvest as innovative solutions that underscore our commitment to fostering economic growth and financial inclusivity.”

The two new products, according to the lender, marked a significant step as the financial institution continues to play a pivotal role in shaping the financial landscape, especially in the northern region of Nigeria.

“The goal is to foster financial freedom across Africa with pioneering digital solutions and ethical, non-interest banking principles.

“The bank empowers individuals and businesses to prosper by offering seamless and customer-centric solutions that transcend traditional financial boundaries,” a statement from the firm, which is a major sponsor of the trade fair, said.

Alternative Bank commenced banking operations in the country a few weeks ago with a focus on combining innovation and accessibility to customer satisfaction.

It has promised to support entrepreneurship, foster economic development and provide financial solutions that cater to the evolving needs of the Nigerian market.