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xanifinance.com > Blog > Market > Business > Finance > Reimagining the Future of Finance in Africa: Velmie Powers Sierra Leone’s First Digital Banking Super App
FinanceTech

Reimagining the Future of Finance in Africa: Velmie Powers Sierra Leone’s First Digital Banking Super App

Last updated: 2025/04/21 at 8:48 AM
Published 21 April 2025
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Velmie, a leader in banking technology infrastructure, has successfully delivered the core platform behind Vult, Sierra Leone’s first digital financial super app. The launch marks a significant milestone in Velmie‘s strategic mission to accelerate digital transformation for financial institutions across Africa.

Contents
The Velmie Advantage: Scalable Technology, Real-World ImpactEmpowering the Future of Finance in Emerging Markets

Deployed in partnership with Metro Cable, the country’s foremost fiber broadband provider, Vult is already seeing rapid user adoption and is reshaping how Sierra Leoneans engage with financial services. The platform integrates mobile money, card payments, banking services, and bill payments into one seamless and secure user experience — all powered by Velmie’s banking technology.

Paul Shumsky

“Africa is one of the most dynamic frontiers for digital financial innovation,”

said Paul Shumsky, Chief Marketing Officer at Velmie.

“What we’ve delivered in Sierra Leone is not just an app — it’s the infrastructure for financial empowerment. Vult is the proof point that Velmie’s platform is purpose-built to help institutions across the continent modernize, scale, and lead.”

The Velmie Advantage: Scalable Technology, Real-World Impact

Velmie’s modular, API-first architecture enabled Metro Cable to move from concept to launch in less than 6 months. Built for flexibility and growth, the solution is already transforming financial access in underserved regions while delivering robust functionality for the banked population.

Key platform highlights:

Lightning-Fast Time to Market: A fully digital bank launched in months, not years.
Multi-Currency Capabilities: Wallets in SLE and USD to support local and cross-border use cases.
Banking Integrations at Scale: Live connectivity with multiple banks including Rokel, GTBank, Access Bank, and more.
Card Issuance Infrastructure: Virtual and physical card support via integration with OneAfriq (GTP).
USSD Accessibility: Mobile money services extended to offline users via Monime.
Merchant Enablement: Launch of Vult Pay Point, enabling digital payments at the local level.

This deployment reflects Velmie’s commitment to helping institutions leapfrog legacy systems and compete in a digital-first world — without compromising on security, compliance, or customer experience.

“Velmie has been instrumental in helping us achieve a seamless digital launch,”

said Aminata Bangura, Head of Product at Vult.

“Their infrastructure gave us the flexibility to adapt to market realities and the scalability to grow with confidence. We’re proud to bring world-class financial tools to Sierra Leoneans — and we’re just getting started.”

Empowering the Future of Finance in Emerging Markets

From mobile wallets to full-scale digital banks, Velmie delivers the infrastructure African institutions need to thrive. With cutting-edge technology, deep market expertise, and a commitment to local relevance, Velmie is redefining what’s possible for financial service providers on the continent.

“Our vision is to unlock growth and financial inclusion at scale,”

added Paul Shumsky.

“Through partnerships like Vult, we’re proving that future-ready, customer-centric banking is achievable — today.”

 

Featured image credit: edited from freepik

The post Reimagining the Future of Finance in Africa: Velmie Powers Sierra Leone’s First Digital Banking Super App appeared first on Fintech News Africa.

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