Citygate Global Hits Nigeria Market With Monéé, Digital Loan App - THE ENCOUNTER NEWS


Wednesday, December 2, 2020

Citygate Global Hits Nigeria Market With Monéé, Digital Loan App

L-R: Mr. Segun Oyegbola, Principal partner of Olusegun Oyegbola & Co; Dr. Kunle Taiwo, Medical Practitioner General Hospital, Ifako Ijaye; Mr. Tayo Orekoya, Group Chairman, CITC Group; Chief Adelagun Otufale, Chairman Empire Trust MFB; Mr Seun Durojaye, GMD, Citygate Group and Mrs Anuoluwa Durojaiye, Executive Director, Citigate Global during the launch of MONEE App, a multipurpose digital loan App and financial services platform on Tuesday in  Ikeja, Lagos.

Michael-Azeez Ogunsiji 

LAGOS - A Nigerian Microfinance Institution, Citygate Global has announced the launch of Monéé, a multi-purpose mobile loan application designed to also cater for loan, savings, funds transfer services, Investment, bill payment and more.

Speaking at the unveiling ceremony, the company's management said the App was designed as a one-stop loan App and financial technology service digital platform for the growing population of loan users on digital platforms across Nigerian segments.

The Group Managing Director / CEO, Citygate Global Group, Dr. Seun Durojaye said, “We are excited to announce the introduction of Monéé, a unique financial technology product from the stable of Citygate Global, after two and a half years of thorough research and product development to create an industry most customer-friendly digital loan App that comes with other key financial technology services for the growing Nigerian market. Monéé is simultaneously a mobile Loan App as well as for savings, investment, bills payment and funds transfer. 

"We are here to grow the economy,  individuals, businesses as business people need our facility to go ahead.  Our customers can now access the beauty of affordable loans 24 hours everyday, in just few minutes. The future of banking is digital, and that is here now on Monéé.”

Dr. Durojaye noted further that “with Monéé, individuals can get a quick fix to their financial challenges with a Nano loan from N5,000, N10,000 and up to N25,000 or more at a relatively low interest rates compared to what is obtainable amongst similar products in the Nigerian market today. While on the other hand, our specially profiled High Networth Individual (HNI) customers can instantly access up to Two Million Naira loan facility through the unique Monéé App. With Monéé, Nigerians can do all their banking transactions without being physically present in a bank at lower interest rates compared with those charged by competition.” 

He added that Monéé will be a revolutionary product in the market. 

“Our Monéé App is unique when compared to other Apps doing similar functions in the Nigerian market today; it is the second wallet based FinTech App in Nigeria that has a NUBAN compliant account number facility that can Pay and Receive fund transfer from any Bank in Nigeria direct unlike others. Monéé has a dedicated 24/7 call centre working to handle all users’ question through calls and instant response text messaging system on the App supported with backend staff instantly tackling any issues.” 

He emphasized on the experience of Citygate Global Investment Ltd which has Empire Trust Microfinance Bank as its subsidiary being a great deal of unique backbone and a plus for the Monee App. 

The management of Citygate Global, the promoters of Monéé has reiterated that with its 13 years’ experience in the microfinance sub-sector, it is more determined to empower individuals, grow more micro businesses and entrepreneurs by creating innovative fintech products that will remove age-old difficulties associated with survival. 

Monéé was recently launched at a media event with the Citygate Global’s shareholders, customers, the media and more in attendance.

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