Fintelle Announces Merger and Acquisition by OneFi

Lagos, Nigeria —Tech Today | September 17, 2024

fintelle

Fintelle, a pioneering fintech startup dedicated to advancing financial inclusion across Africa, has announced its full acquisition by OneFi, a leading digital finance company operating across emerging markets. As part of the transaction, Fintelle will cease independent operations and become a wholly integrated division within the OneFi ecosystem.

The acquisition underscores the growing consolidation trend within Africa’s fintech sector as larger digital finance firms seek to acquire innovative, inclusion-focused startups with strong local networks and technology assets.

Strengthening Inclusive Digital Finance

Through this transaction, OneFi gains access to Fintelle’s proprietary savings technology, merchant-agent infrastructure, and deep expertise in community-based financial systems. These capabilities will enhance OneFi’s reach into cash-reliant and underserved markets, enabling the company to deliver inclusive digital products to millions of new users across Nigeria and beyond.

The integration will also expand OneFi’s portfolio of micro-savings and credit tools, allowing it to deploy financial services that combine advanced analytics with trusted local engagement — a hallmark of Fintelle’s original model.

Preserving and Scaling Fintelle’s Vision

This milestone marks the culmination of Fintelle’s five-year mission to design simple, accessible financial tools for individuals and small businesses often overlooked by traditional banking institutions. Under OneFi’s ownership, the company’s technology, partnerships, and operational frameworks will be scaled to reach a broader African audience.

The transition ensures that Fintelle’s founding vision — to make financial empowerment possible for everyone — will continue within a larger, globally positioned organization that shares the same values of inclusion, transparency, and innovation.

Seamless Transition for Stakeholders

All Fintelle products, partnerships, and services will be gradually merged into the OneFi platform over the coming months. A joint transition team has been established to ensure continuity for users, employees, and community partners.

Customers can expect uninterrupted access to existing services throughout the integration period, after which new digital features and user benefits will be rolled out under the OneFi brand.

The transaction represents not only a strategic business alignment but also a commitment to advancing sustainable, inclusive finance across Africa’s growing digital economy.

About Fintelle

Fintelle is a Nigerian-founded fintech enterprise that builds digital tools to help individuals and small businesses save, transact, and access credit through community-driven channels. Established with a mission to close the financial access gap, Fintelle has served over 100,000 users and partnered with local cooperatives and merchants to extend digital finance to underserved populations.

About OneFi

OneFi is a global digital finance company focused on providing accessible financial solutions across emerging markets. The company offers a suite of credit, payments, and financial-management products designed to empower individuals and small enterprises to thrive in the digital economy.

Tech Today: https://techtoday.ng/onefi-completes-full-acquisition-of-fintelle-to-expand-financial-inclusion-across-africa/

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