DafriBank Digital Ranks High in Top Digital Banks in Africa

When a poll of the leading digital banks in Africa was recently conducted, it was discovered that DafriBank ranked high in the top 10 list.

DafriBank Digital LTD is a fully-fledged digital bank licensed and regulated by the Central Bank of Comoros Island and a member of Mwali International Monetary Service Authority of Comoros Island with clients in 180+ countries including 50 African countries. 

One of the reasons that DafriBank, founded by Ziggy Xolane Ndhlovu, simply known as Xolane Ndhlovu, made the cut weighed heavily on the Comoros digital banking outfit embracement of digital currency, a topic that is in every youth’s lips and its built in merchant API. 

The new kid on the block, whose chairman is billionaire entrepreneur Xolane Ndhlovu, prides itself as the bank that offers zero account opening balance, zero daily minimum operating balance, no monthly maintenance fee and easy movement of funds for traders through its ePay merchant API 

Xolane Ndhlovu is also among the 50 richest people in Crypto.

Valued at US$500 million, Kuda had about 1.4 million registered users as of its most recent fundraise in August, and also holds its own banking license.

Others are FairMoney, a digital bank in Nigeria with a credit-based model. The 2017-founded startup holds a micro finance bank license from the Central Bank of Nigeria, and is also available in India. It recently raised US$42 million in a Series B round “to become the financial hub for its users.” FairMoney users can access loans of up to NGR 1 million.