Optasia, a leading FinTech services provider, has launched a microloan service via MTN Mobile Money (MoMo), with Ecobank in Guinea and MTN.
The launch comes as part of MTN’s BankTech strategy in Guinea with over 4.25 million subscribers and over 800,000 active mobile money wallet (MoMo) users.
The services will be offered to MTN’s subscribers in the country under the Ecobank product name ‘Prêt Xpress’, which is powered by Optasia’s AI-led technology platform – providing valuable financial solutions to the unbanked and underbanked while strengthening the partnership between Optasia, MTN Group and Ecobank.
“Expanding our offering to the people of Guinea through MTN and Ecobank is a significant step in our growth plan as a company,” said Mark Muller, CEO of Optasia. “Such high-profile collaboration with our strategic partners reinforces our belief in driving financial inclusion.”
This deployment is the first MoMo loan service offered by MTN in the country and kicks off a series of deployments that Optasia will be rolled out with MTN in Uganda, Ivory Coast, Ghana and Benin.
Guinea joins more than 30 countries where Optasia operates, supporting more than 560 million customers of mobile network operators and financial institutions through its AI-led platform.
