BMONI Launches in Nigeria to Transform Digital Finance Across Africa

Folalumi Alaran in Abuja

Artificial intelligence-powered financial platform BMONI has officially launched in Nigeria, introducing innovative solutions aimed at redefining how Africans save, spend, and grow wealth.

Targeting young professionals and small business owners, BMONI allows users to open multi-currency accounts, save in US dollars, and access both virtual and physical Mastercard debit cards usable at over 100 million merchants worldwide.

Speaking at the launch, Jørn Lyseggen, Founder and CEO of BMONI, said the decision to debut in Nigeria was strategic.

“Nigeria represents the beating heart of Africa’s tech revolution,” he said. “We are launching BMONI here because the users are highly sophisticated and tech-savvy. Our mission is to give Nigeria’s movers and shakers world-class financial tools to enable active participation in the global economy.”

Lyseggen, who also founded Meltwater and MEST Africa, said the platform combines stablecoins, AI, and biometric technology—backed by 22 awarded patents—to create secure, affordable, and borderless financial services.

Also speaking, Gbenga Oyebode, Advisor to BMONI, described the launch as a milestone for Africa’s financial technology landscape.

“BMONI represents a new chapter for African fintech,” Oyebode said. “It’s a platform built with deep respect for the Nigerian market and a clear vision for how technology can unlock financial inclusion at scale. The timing couldn’t be better.”

Ashwin Ravichandran, Head of Product at BMONI, emphasized the platform’s focus on empowering a youthful population through smarter financial tools.

“Nigerians today want more than banking—they want freedom, ownership, and opportunity,” Ravichandran said. “In a country where 70 percent of the population is under 35 and fintech transactions exceed ₦9 trillion monthly, BMONI gives users a smarter way to save in stable assets, earn more on their Naira, and transact seamlessly in a digital world that recognizes their global potential.”

To celebrate its entry into the Nigerian market, BMONI is hosting a series of launch events across Lagos throughout October, including a private launch party on Victoria Island and sponsorship of Moonshot, the continent’s leading technology and innovation event.

BMONI says its platform is designed with security as its foundation and community as its purpose, representing the future of finance built in Africa, for the world.