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In its next phase of expansion, Bento is eyeing Egypt, South Africa, Uganda, Tanzania, Angola and Ethiopia by the end of next year. Bento , Nigeria’s digital payroll and human resource management platform is expanding to Ghana, Kenya and Rwanda with plans to set up operations in six other markets in Africa over the next one year.
Their branchless banking system, which includes thousands of physical agents, provides financial services to the unbanked and underbanked in rural and semi-urban areas. This product has been made available to a few small businesses to test in a pilot phase. Agency banking upstarts are the main innovators in this space.
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