Alat.ng utilizes a mobile app that helps you create an account all from the comfort of your phone with your BVN (Bank Verification Number) and phone number with no paperwork. Alat offers up to 10% annual interest on savings. This is more than any other bank in Nigeria.
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@ace_kyd With an app like this that makes it so easy to open an account and transfer funds,How do you guys plan to prevent online bank transfer fraud that's very prevalent in Nigeria?
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@ace_kyd 10% annual interest sounds fishy to me and not sustainable. How do you explain consistent 10% returns?
@khaliphj@ace_kyd first we have an house team of ethical hackers. We're also working with an independent security firm. So, security is very important to us. We've also implemented some anti-fraud monitoring.
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@simplyazodo Does this make it easier for Nigerians like me living in US to get a Nigerian bank account?
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I'm proud of the Nigerian FinTech entrepreneurs. They have some of the brightest and smartest stars and the tech scene is buzzing. While there are image issues from disproportionate negative press about Africa in general, its makers other entrepreneur types are smart, serious and as ambitious as guys in any version of Silicon Valley.
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I'm hoping that Nigerian prince moves his account there so he stops asking me for help. 😜
@rossdcurrie@ricotrevisan We feel bad for ourselves lol. This is always the first thing that comes to mind any time Nigerians are mentioned. We hope to change the narrative soonest... that's if it's possible 😅
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Good stuff. I'd been hearing about this app and have been curious to see what it looks like.
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Brutal Teardowns
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