Banking tech provider Nymbus raises $53m in Series C funding.

Digital banking startup Sparkle has launched in Nigeria following the receipt of a banking licence from the Central Bank of Nigeria (CBN).

Sparkle provides financial, lifestyle and business support services to Nigerians across the world.

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Its digital ecosystem offers payments, savings and analytics.

The startup is also offering a mobile app to provide its customers with free access to a single account with multiple services and wallets.

Moreover, users will be equipped with tools like Sparkle Stash, which is a savings tool aimed towards specific goals.

Sparkle will also provide users with visibility over their spending patterns with a categorical breakdown of payments.

Users can split their payments and bills, make utilities and bill payments, and make fund transfers within the Sparkle network and other local banks.

Besides, they will gain access to financial buddy and customer services chatbot Indy.

Sparkle founder Uzoma Dozie said: “Sparkle is redefining Nigerian commerce by merging financial services with a seamless lifestyle solution.

“We are removing barriers using technology and data, driving inclusion at scale.

“In doing so, we are empowering Nigerians to fulfil their potential, democratising access to valuable solutions for both business and personal needs.”

Sparkle is partnering with Visa, Microsoft and PwC to leverage their APIs, cloud computing, data science, machine learning, tax and financial advisory services.

Dozie added: “We are working with global partners to unleash freedom, flexibility and transparency in Nigeria.”