Digital Cooperative Banking Platform SmartTeller Has launched

Nigerian startup and digital cooperative Banking Platform  SmartTeller has launched to drive financial inclusion.

SmartTeller is a web and mobile application that automates the process of cooperatives, eradicating the inefficient paper based process of these cooperatives. With SmartTeller, customers of cooperatives can now get SMS alert for every transaction. Also, these customers can now receive money from anyone into their cooperative accounts fast and easily.

Founded by the undergraduate  trio of Ogunwande Oluwole (CEO/Co-Founder), Dolapo Babatunde (CTO) and Sodipo Gideon (CTO), SmartTeller  helps cooperatives serve their customers better, by digitizing their process and automating  payment between the bank customers(banked) and cooperatives customers(Unbanked)

In an interview with Innovation Village Oluwole said, “Our goal is to create the dream Job and the vision is to drive financial inclusion.”

“We observe that a large percentage of the Nigerian population do not use the bank but rather employ the use of cooperatives.  This problem we identified has motivated us to provide solution.”

On how to use the solution, the CEO Said, “you sign up on SmartTeller for free if you run a cooperative or you can also get SmartTeller to pay people with no bank account.”

Speaking on the challenges encountered so far, Oluwole said, our major challenge was that  we started SmartTeller as undergraduates, and yet the demand for our time was challenging combining it with school work.”

On the future of SmartTeller, He said, “we believe that smartTeller will be one of the tools that will drive the economy come 2020.”