Sparkle, a Nigerian digital bank, has added a new service called Sparkle Business to its current mobile app.
The new service aims to provide small businesses and SMEs in the area with access to a range of products and services.
Sparkle Business includes features such as inventory and invoice management, a payment portal, tax advisory or estimates, and payroll/employee management to enable SMEs operate their businesses with convenience at the click of a button.
Sparkle, which received a banking license from the Central Bank of Nigeria last year, provides users with flexible payments, investments, and analytics in order to give them complete independence, convenience, and power over their finances and lifestyles. Users will see their spending habits on the app, which provides a comprehensive overview of purchases by category. It also enables users to break payments and expenses, pay services and bills, and send and receive money to and from other users and local banks.
Sparkle recently collaborated with Network International to introduce its new virtual and physical debit cards in Nigeria, which are aimed at SMEs and upwardly mobile, unbanked customers.
“SMEs are Nigeria’s largest employer of labor, but they lack access to basic facilities that will support their businesses,” says Uzoma Dozie, Founder and CEO of Sparkle. We launched Sparkle Business as a one-stop shop to assist individuals in digitally launching their companies while also addressing the pain points of current SMEs and helping them to pivot to the next stage of success.”
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