Oradian, the global technology provider developing solutions that enable financial inclusion reported today that in the last quarter of 2015 it signed deals with several new significant microfinance institutions in Nigeria: Centre for New Life Development, Pearl Funds and Asset Management MPCS and Capital Bridge.
Growing number of microfinance institutions are joining the Instafin community – Oradian’s award-winning software which is empowering microfinance institutions to advance financial inclusion.
Using a Software as a Service (SaaS) model, Oradian’s flagship product, Instafin, enables microfinance institutions, co-operatives and credit unions to serve the most rural clients affordably and effectively. It empowers financial institutions tackling the challenges to connect billions of potential clients at the base of the economic pyramid to financial services.
Microfinance institutions in Nigeria, including Development Exchange Centre (DEC), LARDI (a subsidiary of LAPO), Master’s Touch, Communal Rural Entrepreneurial Initiative of Nigeria and many others are relying on Instafin as their core banking system which has dramatically improved their operational efficiency with its simple and intuitive cloud-based platform.
“Instafin has simplified our operations, it is easy to implement and use, is affordable and efficient. Using Instafin allows us to spend less time in the branches monitoring and we can now view the entire operations of LARDI from head office. Oradian’s technical team is always available when called upon, they have been very supportive and have proven to be vast in managing the software efficiently” – this is how one of Oradian’s customers – Florence Omofonmwan, Head of Operations LARDI, in Benin City, described their experience with Instafin.
Launched in 2012 by Antonio Separovic together with Andrew Mainhart, Julian Oehrlein and Onyeka Adibeli, Oradian began operations in its core market, Nigeria, and has since rapidly expanded across Nigeria but also into other countries across West Africa. All four had previously worked in the microfinance sector, as practitioners and vendors, across Sub-Saharan Africa, South-East Asia, Europe and Latin America. After experiencing first-hand the inability of existing core-banking solutions to cater to the unique needs and challenges of microfinance institutions, the four joined forces to build Instafin.
“We are passionate about enabling the power of technology and proud to develop practical, easy to use technology tools that solve a real problem – too much paper, which actually impedes the goal of financial inclusion”, commented Antonio Separovic, Managing Director at Oradian.