Casa launches digital bank in Lagos, unveils snap to pay feature

Casa Microfinance Bank, a digital-first bank in Nigeria, licensed by the Central Bank of Nigeria (CBN), has commenced operations on the continent after a launch event held on Friday.

The launch event, held with pomp and pageantry amidst thrilling performances led by comedian and host Ushbebe and Singer Timi Dakolo, heralded the first step of a banking experience designed to be faster, simpler, and more connected for everyday Nigerians.

“Banking has evolved to digital payments, but payments are still broken in some aspects,” Adenike Akanbi, Chief Operating Officer (COO) and co-founder, said at the launch event in Victoria Island, Lagos.

“We have replaced queues with apps, but some of their operations have remained clunky and difficult to operate. Users have been forced to download different apps to conduct simple banking tasks. What if we could attend to all your banking needs in one place with a simple feature of a tweet or snapping a photo?”

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Founded in 2024 by ex-bankers, Ogo Anerobi and Adenike Akanbi, the company spent three years in a conceptual phase. It expanded operations from supply chain financing to a digital suite of products designed to make banking simpler and more suited to modern banking trends.

The bank operates several features that help customers send and receive money, save money and pay bills. A key feature the bank unveiled was its Snap and Pay feature that enables users send money by utilising an in-app snap feature. The bank also features other modes like the Casa tag, next lock, dream fund, flexflow and Squad Save, which help the users save money towards certain goals.

“Casa will bring you ease and is stable and secure,” said Abisola Jinadu, the bank’s Managing Director, in her address. “Our app is secure and the fastest app.”

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