V-Bank

V-Bank is a digital bank based in Nigeria, whose main activity is to provide innovative digital banking services. It offers a range of products and services such as opening current and savings accounts, account management via a mobile app, money transfers, bill payments, card management, as well as payment solutions for individuals and businesses. V-Bank primarily targets the Nigerian market, addressing individuals, SMEs, and entrepreneurs who are looking for accessible, fast banking services without the constraints of traditional physical branches.

VBank, also known as VFD Microfinance Bank, is a Nigerian digital bank that offers fully online personal and business banking services. Founded by Gbenga Omolokun, the bank quickly established itself as an innovative player in the Nigerian financial sector through the use of modern technologies and a customer-centric approach.

Key milestones in its development:

• Creation and launch: VBank was launched in March 2020, at the start of the COVID-19 pandemic, with the ambition to become Nigeria’s first truly virtual bank. It is a subsidiary of VFD Group, a Nigerian financial conglomerate.
• Products and services: VBank offers a mobile application (V App) that allows users to open an account in minutes, make payments, manage savings accounts, access loans, make term deposits, pay bills, and use debit cards. It also provides business accounts with multi-user management and bulk payments.
• Digital innovation: The bank has stood out by integrating features such as NFC and QR code payments, as well as a seamless, branchless user experience.
• Partnerships and growth: VBank has benefited from the financial and strategic support of VFD Group, which injected several billion naira to strengthen its market position. This support enabled the bank to accelerate its development and expand its range of services.
• Recognition and impact: In a short time, VBank has gained strong recognition in Nigeria, notably thanks to its ability to attract a young, tech-savvy clientele. Its digital-first model has been praised as an innovative response to the challenges of the traditional banking sector.
• Strategic changes: VBank continues to expand its offerings, focusing on financial inclusion, ease of use, and expanding its services to new market segments.

VBank thus embodies the new generation of African banks, relying on technology, accessibility, and innovation to transform the banking experience in Nigeria.
(Source: Crunchbase)

Founder and key members of the management team of V-Bank (VFD Microfinance Bank):

Founder:
V-Bank is an initiative of VFD Group Plc, a Nigerian financial group. The official website does not mention a single founder, but the VFD Group is behind the bank.

Key members of the management team:

• Collins Chikeluba – Chairman
  An experienced businessman, he also leads G.M.O. & Co. Limited and has extensive experience in many economic sectors.
• Theodore Asamoah – Acting Managing Director
  Over 22 years of experience in banking and financial services, expert in financial strategy, compliance, and digital transformation.
• Olisa Ifeajuna – Chief Operating Officer
  Nearly 20 years of experience in banking, he oversees the bank’s entire operational framework.
• Yonodu Okeugo – General Manager, Business Banking and Partnerships
  Business development specialist, she focuses on expanding the bank in key sectors.
• Temitope Osinubi – General Manager, Audit and Control
  Expert in internal audit, control, and risk management.
• Adatugo Oyebanji – General Manager, Products and Marketing
  Responsible for product innovation, brand strategy, and customer engagement.
• Obiaajum Chimbo – General Manager, Risk and Compliance
  Over 22 years of expertise in risk management and compliance.

Board of Directors (Non Executive Directors):

• Nonso Okpala
• Helen Onasanya
• Adeniyi Adenubi
• Yahaya Maikori
• Gbenga Omolokun
• Chioma Nkechika
• Morenike Ominike

For more details, see the official V-Bank management team page.