Ex-Diamond Bank CEO, Uzoma Dozie, officially launches digital bank, Sparkle

by | Jun 3, 2020

Sparkle, a Nigerian digital platform providing financial, lifestyle and business support services to Nigerians around the world, launches today.

The digital platform was founded by the former CEO of Diamond Bank, Uzoma Dozie in August 2019.

As the CEO of Diamond Bank, Dozie began making moves into the tech scene since 2015. But from being an angel investor to hosting his online TV show, Tech Turks and pioneering tech event, TechFest, Sparkle seems to be Dozie’s main play to make a name for himself in Nigeria’s tech space.

However, since leaving the commercial bank after its merger with Access Bank and announcing Sparkle, the project had been in the product development stage for almost a year.

Advertisement

With its launch, it will now offer an array of services from flexible payments and savings to analytics via its Android and iOS mobile application.

Sparkle allows users to track daily, weekly, and monthly spending patterns, with detailed breakdown by category. One of its features, Sparkle Stash, is PiggyVest-esque as it lets users save towards specific goals.

Sparkle describes itself as a lifestyle and financial platform which is evident in its other features. Users can make purchases online and in-person with both Sparkle physical and virtual cards.

They can also make split payments, make utilities and bill payments, and there’s SparklePay which let users send money to people without knowing their account numbers.

Before today’s launch, Sparkle secured a banking license from the Central Bank of Nigeria (CBN) to offer financial services.

It also joined Open Banking Nigeria, an initiative created as non-partisan and non-financial API standards for Nigerian financial services.

Asides this, Sparkle has secured partnerships with payments giant, VISA; tech multinational, Microsoft; and auditing and accounting giant, PricewaterhouseCoopers (PwC).

According to Dozie, the partnerships will provide expertise in APIs, cloud computing, data science, machine learning, tax and financial advisory services for the company.

Advertisement

On another note, Sparkle will be going up against other fintech platforms in Nigeria like PiggyVest, Kuda, REACH. Also, there’s Carbon, the fintech startup founded by two other Dozie brothers — Chijioke and Ngozi.

It will be interesting to see how the newly-launched platform holds up against these already established players.

Also Read: The Financial Knight: Uzoma Dozie’s journey from traditional to digital banking [Interview]

Tage Kene-Okafor
Tage Kene-Okafor

Endlessly amused by technology. @ulonnaya


Are you in tech and you are looking at getting a foreign remote job or you want to move abroad? Fill this form and you will get the BEST resources to help you get that high paying remote job as well as japa easily! WAGMI!

Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments

Recent News

Kenya’s digital products for PwDs

Kenya’s digital products for PwDs

On #TechpointDigest, Victoria Fakiya (@latoria_ria) discusses what Jumia’s partnership with CGAP could mean, and Kenya’s digital products for people with disabilities.

Reclaiming stolen African artefacts

Reclaiming stolen African artefacts

On #TechpointDigest, Victoria Fakiya (@latoria_ria) discusses how Traction wants to stop fake alerts, Canza Finance’s journey, Esaal’s $1.7m seed round, and JABU’s $15m series A.

[PODCAST] Relooting African art with NFTs

[PODCAST] Relooting African art with NFTs

What do you think about an NFT project that wants to reclaim Africa’s lost artefacts? Well, the editorial team had some interesting thoughts, and you can listen to this and other stories on today’s episode of #TechpointAfricaPodcast.

$2 million to drive learning via WhatsApp 

$2 million to drive learning via WhatsApp 

On #TechpointDigest, we discuss how major players in the African mobility space can change the mobility narrative, FoondaMate’s $2 million funding, Twitter Create, and AMP’s $5.6 million seed round.

Subscribe to Techpoint Digest!

A daily 5-minute roundup of happenings in African and global tech, sent directly to your email inbox, between 5 a.m. and 7 a.m (WAT) every week day!

Please check your email to confirm your subscription.

Subscribe to Blockchain Explorer

Analysis oninnovation, regulations, and trends inthe blockchain sector, as it concerns Africa

Please check your email to confirm your subscription.

Subscribe to The Experts

A bi-weekly where tech career specialists take us on their journey from newbie to expert, and how they became successful in the industry.

Please check your email to confirm your subscription.

Subscribe to Founder's Table

A monthly series, where we catch up with founders in the startup ecosystem, learn about their failures, successes and a few tricks of the trade

Please check your email to confirm your subscription.

Copy link
Powered by Social Snap