MobiBank Expands African Operations — Appoints Dr. Mahmoud Alfa as Director – Policy and Public Sector

Helsinki, Finland – November 6, 2025

Founder Jussi Teeriaho Dr. Mahmoud Alfa

MobiBank, the global fintech innovator redefining digital banking and financial inclusion, proudly announces the appointment of Dr. Mahmoud Alfa as Director – Policy and Public Sector of MobiBank Nigeria. This strategic addition to MobiBank’s African leadership team further strengthens the company’s operational foundation and its partnerships with government and institutional stakeholders across the region.

Dr. Alfa brings nearly two decades of strategic leadership spanning investment banking, infrastructure finance, and political economy. A Harvard-trained economist and Managing Partner of Vibranium Capital, he has advised leading international institutions such as the World Bank, FCDO, and Adam Smith International on public-sector reform, financial-sector governance, and investment policy frameworks.

Under his leadership, Vibranium Capital evolved from a modest $400,000 seed portfolio into a $200-million+ asset management platform, mobilizing billions of naira in blended-finance instruments across agriculture, solid minerals, and clean energy. As a key technical adviser to the North Central Development Commission (NCDC), Dr. Alfa has been instrumental in building investment pipelines that unlock private capital for Nigeria’s frontier sectors.

“Dr. Alfa’s appointment adds strategic policy depth to MobiBank’s African mission,” said Jussi Teeriaho, Founder & CEO of MobiBank. “His proven ability to connect the public sector with private investment aligns perfectly with our goal to scale inclusive, technology-driven banking solutions across the continent.”

“I’m honored to join MobiBank as Director for Policy and Public Sector,” said Dr. Mahmoud Alfa. “Africa is entering a new era of digital financial transformation, and MobiBank is uniquely positioned to support both

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individuals and governments through trusted innovation and inclusive partnerships.”

Together with Mr. Habila Malgwi, MobiBank’s Executive Director for Nigeria and Kenya, Dr. Alfa’s appointment consolidates a strong leadership team capable of driving regulatory engagement, strategic partnerships, and public-sector collaboration across Africa.

MobiBank is now finalizing its operational and licensing roadmap for Nigeria, with broader African expansion scheduled to follow in 2025.

About MobiBank

MobiBank is a next-generation digital banking platform bridging traditional finance and mobile technology to deliver accessible, secure, and inclusive financial services. With integration across 2,500+ banks in 22 countries, MobiBank was selected by MasterCard among the Top 15 Most Innovative Companies Worldwide. The company holds global trademark rights for MobiBank® and operates across Europe, the Americas, Africa, and Asia.

Best regards, Jussi Teeriaho Founder & CEO MobiBank®

■ jussi@mobibank.fi
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