Academy Partners with Fintech Firm to Drive Inclusive Financial Innovation
Ibadan Digital Academy (IDA) has entered into a strategic partnership with fintech firm Ajoti. This collaboration aims to enhance access to inclusive financial innovation across Nigeria.
About Ibadan Digital Academy
IDA is a digital training institute based in Nigeria. It specializes in digital capacity building and skills acquisition. The institution’s mission is to equip young individuals with employable and entrepreneurial skills.
Partner Firm: Ajoti
Ajoti is a research-driven fintech firm focused on digitizing trusted savings systems, such as AJO (ROSCA). The company emphasizes building financial access through consistency and community discipline, moving beyond traditional credit scoring methods.
Significance of the Partnership
This partnership is crucial for Ajoti, which has recently secured support through the Crimson Project at the University of Utah. This project aims to reinforce Ajoti’s platform model, enhance technical development, and prepare for pilot implementation.
Key Players in the Collaboration
The partnership was orchestrated by IDA CEO Peter Ojo, who engaged with Osho Ademola Joel and the Ajoti team. Their discussions were motivated by media coverage highlighting initiatives aimed at rethinking financial access through community savings frameworks.
Role of IDA in the Partnership
As part of this collaboration, IDA will offer:
- Technical expertise
- Digital skills training
- Incubation support
This support is designed to aid Ajoti’s product development and facilitate broader deployment across Nigeria.
Impact on Financial Inclusion
The partnership is poised to strengthen innovation at the intersection of fintech, education, and social impact. Both organizations are committed to developing technology-driven solutions for underserved communities.
Shared Commitment to Innovation
Representatives from both IDA and Ajoti have expressed their dedication to innovation, skills development, and enhancing financial inclusion through technology. This collaboration exemplifies their shared goal of fostering inclusive financial practices in Nigeria.
