• Privacy Policy
  • Terms
  • About us
  • Contact Us
  • Staff Email
Wednesday, July 2, 2025
  • Login
TheMattersPress
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
TheMattersPress
No Result
View All Result
Home Economy/Technology

SMEDAN, Bloc sign MoU to provide financial technology services to SMEs

SMEDAN

The Matters Press by The Matters Press
November 12, 2022
Reading Time: 2 mins read
0
SMEDAN to disburse N5.2m start-up grants to cooperatives

The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN), has signed a Memorandum of Understanding (MoU) with Bloc to provide benefits of financial technology to SMEs.

RELATED POSTS

Nasarawa showcases efficient use of fuel subsidy savings, exposes futility of Tinubu’s opposition’s mischief – TDF

Transformational in FCT in line with Tinubu’s Renewed Hope agenda

Ignore Atiku’s claim to dilute historic mechanised farming deal with Belarus

The Bloc is a banking service and FinTech infrastructure company.

A statement issued on Friday in Abuja by Mr Ibrahim Mohammed, Head Corporate Affairs Division of SMEDAN, said Bloc was well positioned to meet the obligations of the partnership.

According to Mohammed, SMEDAN in conjunction with Bloc designed an automated referral platform.

Mohammed said that the platform allows Small and Medium Enterprises (SMEs) to rapidly access services that were beneficial to their business model from FinTech companies operating in Nigeria and connected to the Bloc infrastructure.

“Some of the system’s benefits include providing SMEs with direct access to digital financial tools, social commerce platforms, lending services, digital banking services, and industry-specific supply chain solutions.

He quoted the Director-General and Chief Executive Officer of SMEDAN, Mr Wale Fasanya as expressing the agency’s commitment to boost the progress of SMEs in Nigeria with multiple interventions.

“We know this partnership with Bloc and the subsequent platforms that are being developed will benefit the SMEs that work with us by improving access to specialised services developed by the innovative Fin Tech sector of Nigeria.

“We have more than 4,000,000 registered FinTechs and we are always thinking of ways by which we can improve their existence.

“Our success is measured by how much we can do for them, and we believe we have shown our own level of innovation by developing this platform with Bloc,’’ Fasanya said.

In his remarks at the ceremony, Bloc’s Business Development Officer, Mr Kingsley Ikart, said that the platform would allow some of the FinTechs to extend their brilliant services to SMEs.

“As an infrastructure company that provides services to other FinTechs, we believe that this platform designed by SMEDAN and Bloc would allow some of these FinTechs to extend their brilliant services to SMEs that would otherwise not have been aware of what they do,’’ Ikart.

He further described the partnership between Bloc and SMEDAN as a win-win situation.

“This is because these SMEs can now benefit from such innovations without stressing themselves and compromising the time they need to attend to their businesses,’’ Ikart said.

Tags: SMEDAN
ShareTweetPin
The Matters Press

The Matters Press

Related Posts

Group hails Presidential Council initiative, welcomes President Tinubu’s N2tn stabilisation package
Economy/Technology

Nasarawa showcases efficient use of fuel subsidy savings, exposes futility of Tinubu’s opposition’s mischief – TDF

July 1, 2025
Property owners besiege FCT office to pay ground rent
Economy/Technology

Transformational in FCT in line with Tinubu’s Renewed Hope agenda

June 30, 2025
China’s agricultural wholesale products prices continue to drop
Agriculture

Ignore Atiku’s claim to dilute historic mechanised farming deal with Belarus

June 29, 2025
$2.5 billion JBS investment, a big economic victory for Nigeria –  TDF
Economy/Technology

Tinubu’s N60b Intervention in Gombe Agro-Livestock Zone excites group

June 27, 2025
ActionAid, SWOFON call for urgent completion of BOA recapitalisation
Agriculture

N1.5trn recapitalisation of Agric bank will herald food security – TMV

June 26, 2025
Lamido Wrong on Tinubu’s June 12 Role, haunted by his anti-democratic past- TDF
Energy

Lamido Wrong on Tinubu’s June 12 Role, haunted by his anti-democratic past- TDF

June 25, 2025
Next Post
Nigeria, WFP worry over food situation

Food Security: Agric stakeholders appeals to FG/CBN to release Funds

Nigeria to allocate $200m for creation of agricultural service centres

Women farmers seek more grants to boost food production

Recommended Stories

Nigeria plans to increase petrol pump price despite spike in inflation, unemployment

Nigeria moves to sanction erring fuel stations, maintains N165 pump price

June 28, 2022
July petrol pump price ranges between N140.80 and N143.80

NLC rejects plans to increase petrol price

November 25, 2021
Make cash accessible, remove obstacles —stakeholders plead

ASUU: Court declares no work no pay” legal

May 30, 2023

Popular Stories

  • Rising prices of goods cause protests in Morocco

    Rising prices of goods cause protests in Morocco

    0 shares
    Share 0 Tweet 0
  • NLNG not responsible for gas supply shortfall, price hike

    0 shares
    Share 0 Tweet 0
  • NCC sets fresh operational fees, spectrum prices for telecom operators

    0 shares
    Share 0 Tweet 0
  • Hoarding causes hike in prices of grains

    0 shares
    Share 0 Tweet 0
  • Prices of Petrol, diesel increase in November

    0 shares
    Share 0 Tweet 0
TheMattersPress

We bring you the best news update in Nigeria

LEARN MORE »

Recent Posts

  • Nasarawa showcases efficient use of fuel subsidy savings, exposes futility of Tinubu’s opposition’s mischief – TDF
  • Transformational in FCT in line with Tinubu’s Renewed Hope agenda
  • Ignore Atiku’s claim to dilute historic mechanised farming deal with Belarus

Categories

  • Agriculture
  • Economy/Technology
  • Energy
  • Entertainment/sports
  • Features
  • Foreign
  • Multimedia
  • Natural Resources
  • News
  • Oil and Gas
  • Photo
  • Politics
  • Security
  • Thematterspress
  • Uncategorized
  • Video

© 2025 Domo Tech World - Powered by Thematterspress.

No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us

© 2025 Domo Tech World - Powered by Thematterspress.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Call Us