The principal partnership agreement establishing MobiBank Africa has been signed with a local partner and members of the local management team. MobiBank retains clear majority ownership, and the agreement carries a financial commitment from the local partner.
The partnership combines MobiBank's technology, product vision and international experience with the local partner's market knowledge, established networks and ability to support in-country execution. The agreement provides a stronger foundation for advancing local operations, regulatory preparations and the licensing process.
Signed with a local partner and members of the local management team, establishing MobiBank Africa.
The agreement includes a financial commitment from the local partner, supporting local operations and the licensing process.
MobiBank retains clear majority ownership of the new company, together with its technology, brand and strategic direction.
Members of the local management team are party to the agreement. MobiBank establishes local companies, teams and partnerships rather than entering new markets exclusively from Europe.
Nigeria is being developed as the initial African market and a potential foundation for wider regional expansion, subject to local licensing and regulatory approval.
The next generation of the platform is intended to bring more financial capability into a single customer experience, connecting services, customer information, personalised guidance and financial education. Depending on the market, partner arrangements and regulatory permissions, these may include:
Instead of showing every customer the same information, mobiAI is intended to help identify which services, educational content and financial guidance are most relevant at a particular moment. Development remains subject to technical testing, compliance requirements and the applicable rules governing financial services, customer data and artificial intelligence.
Financial insights, guidance based on individual circumstances, budgeting and planning support, and early identification of changing financial needs.
Everyday money management, saving, responsible borrowing, payments, investing, digital security and long-term planning, built into the platform.
Particularly relevant in growth markets where millions of consumers are gaining access to digital financial services for the first time.
MobiBank is developing MobiBank's Netless™ technology, intended to enable essential banking services and payments without an internet connection, starting with the Alpha 1 device. The capability is based on a patented channel and remains under development. It addresses the same problem as the African expansion: financial services that continue to function where network coverage, data cost or device capability would otherwise exclude the customer.
The establishment of MobiBank Africa represents an important transition from international planning to local execution.
MobiBank Africa established with a local partner and members of the local management team, including a financial commitment from the partner. The parties are finalising the supporting annexes and remaining implementation matters.
Corporate and operational structures, business planning and financial modelling, cybersecurity, customer identification and compliance processes are progressing in parallel.
Local product and service positioning, market-entry and distribution planning, and preparations for local recruitment, partnerships and future customer operations.
MobiBank intends to evaluate suitable public financing, development funding and institutional programmes. Any such funding remains subject to separate applications, evaluations and approvals.
Market opportunities and strategic relationships are being evaluated across Europe, Africa, the Gulf region and the United States. Every market entry remains subject to separate commercial decisions, partnerships, licensing requirements and regulatory approvals.
MobiBank is engaging with selected investors, institutions, technology providers and strategic partners who can contribute to the company's international execution, particularly those with experience or networks in regulated financial services, African and other growth markets, banking and payment infrastructure, artificial intelligence and financial technology, digital distribution, public and development finance, and international capital markets.
Qualified investors and strategic partners may contact MobiBank directly to request further information. Any investment opportunity is subject to appropriate due diligence, separate documentation and definitive agreements.
Certain technologies, services, commercial arrangements, financing opportunities and market-entry initiatives described in this announcement remain under development, negotiation, regulatory review or subject to final agreements. References to future products, launches, market coverage or performance describe current objectives and should not be interpreted as guarantees. MobiBank does not currently hold a banking licence in Nigeria and is not authorised to provide regulated financial services in that market. All services described are subject to the relevant licensing and regulatory approvals. This announcement is provided for general information only. It does not constitute investment advice, an offer to sell or a solicitation of an offer to buy any securities, and it is not a public offer to subscribe for securities. Technical implementation details are confidential.
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