Stellas Digital Bank Records Significant Milestone On First Anniversary

A Nigerian Fintech industry player, Stellas Digital Bank, has recorded a significant milestone within the first year of its launch on February 10, 2022.

While celebrating its first anniversary, the organization pledges to stay ahead of the curve as it deploys technology to enhance the financial experience of its customers.

The bank, which has its headquarters in Lagos State, is also commemorating its first anniversary with renewed dedication to being at the top of the field to keep creating new banking technology to make financial services available to all Nigerians.

During the launch last year, the managing director of Stellas Digital Bank, Bukola Solomon, stated that the bank’s emergence was a direct response to customers’ needs, emphasizing the bank’s commitment to delivering innovative banking solutions and promoting financial inclusion in Nigeria.

One year after, Stellas has become one of the nation’s top digital banks, boasting a user base of over 20,000 across the country and a transaction volume of about 17 billion Naira and 32 million dollars.

Since its launch, the digital bank has continued to provide its customers with various digital banking solutions, including easy-to-use mobile applications, online banking, and round-the-clock customer support services.

It has also made significant strides, earning its team the reputation of pioneering a customer-centric bank that provides innovative banking solutions tailored to meet the needs of its diverse customers.

The bank’s transaction fee of 10 Naira per transaction was significantly lower than that of other banks, making it an attractive option for young Nigerians looking to do more with less.

This carefully crafted combination of features has invariably delighted the bank’s users, leading to a surge in its user base, which started at a small number to an enviable figure after 12 months of doing business.

With Stellas Bank’s users completing over 500,000 transactions to make 32 million dollars in a year, the feat highlights the frequency with which customers use the banking app.

With its customer-centric approach and focus on delivering innovative banking solutions, the bank is poised to continue its steady growth and become a household name in the Nigerian Fintech industry.

The bank’s success is a testament to Nigeria’s growing demand for innovative digital banking solutions.

In addition to leading innovation within the ecosystem, the bank has equally positioned itself as the financial partner of choice for young people and developed a strong connection with this demographic over the year.

In identifying with its users, the bank has actively supported and promoted young artists and entrepreneurs, showcasing their work on various social media platforms and sponsoring an art exhibition that brought together up-and-coming visual artists.

Speaking about the achievements, the managing director, Bukola Solomon, stated that the company’s objective is to continue offering reliable, secure, and convenient products.