Founder Favex Technology Reflects on Brand Anniversary, Innovations, Global Expansion

In a significant step towards revolutionizing the global digital finance landscape, Favex Technology Limited is marking its anniversary with ambitious plans to expand its services and simplify financial transactions for users around the world.

Founded by tech entrepreneur Stephen Oyeleye, Favex Technology began as a cryptocurrency trading platform but has since evolved into a comprehensive fintech ecosystem. According to Stephen , the company’s mission has shifted from solely enabling crypto transactions to creating a trusted and accessible platform for digital finance on a global scale.

“Our goal is no longer just about crypto—it’s about simplifying digital finance, increasing financial inclusion, and creating a platform people can rely on for all their financial needs, regardless of their location,” said Stephen.

As part of its anniversary celebration, the company announced the upcoming launch of Favex 2.0, a revamped and upgraded version of the FavexApp designed to enhance security, improve user experience, and introduce new features tailored for a diverse user base.

“Favex 2.0 will include services like bill payments, airtime and data purchases, airtime-to-cash conversion, and virtual cards,” Stephen revealed. “We want to make everyday transactions easier for our users, whether they are in Africa, Europe, Asia, or beyond.”

The company is also strengthening its presence on university campuses globally through an ongoing campus tour across multiple regions, aiming to promote digital finance awareness among students and young professionals.

Since its launch, Favex Technology has achieved notable milestones, including onboarding thousands of users in its first month and growing its user base to nearly 20,000 active users worldwide. Stephen attributes this success to strategic partnerships, collaborations with content creators, and targeted digital marketing efforts.

Despite facing challenges such as market volatility and public skepticism about cryptocurrency, Stephen remains optimistic about the future of digital finance globally.

“I believe both governments and the public need better education on what crypto really is. Many developed and developing countries have embraced it, and I’m glad to see a growing acceptance worldwide,” he stated.

Reflecting on his entrepreneurial journey, Stephen emphasized the importance of resilience and adaptability, offering advice to new entrepreneurs everywhere.

“Start with solving a real problem, build the right team, and stay patient,” he advised. “Success isn’t overnight—it’s about steady progress and long-term sustainability.”

The tech entrepreneur credited his mentors, including Changpeng Zhao (Binance) and Ben Zhou (Bybit), for inspiring his leadership approach.

As Favex Technology continues to expand its offerings globally, Stephen remains committed to improving user experience and fostering innovation.

“What sets us apart from our competitors is our dedication to putting users first. Every move we make is driven by one question: How can we improve our users’ experience?”

With Favex 2.0 on the horizon and a growing customer base, Favex Technology is positioning itself as a leading force in the global fintech and cryptocurrency industry.

“This anniversary is a reminder of how far we’ve come, but more importantly, it’s a launchpad for what’s ahead—we’re just getting started!” Stephen concluded.