Nigerian fintech startup Arich is revolutionising the traditional thrift system prevalent in the country by digitising and streamlining the savings process for retailers and local traders. Retailers can easily deposit and withdraw their savings, set financial goals, and track their progress through our innovative platform. Arich’s solution goes beyond traditional banking services by providing tailored savings and financial management tools that empower retailers and micro-traders to take control of their finances. “It’s important to note that eight in 10 retailers in Nigeria currently rely on the Ajo method for their savings. We have witnessed strong adoption and engagement from our target market of retailers and local traders in Nigeria,” Akeze said.

Source: The North Africa Journal July 21, 2023 06:36 UTC