Titan Bank partners with IFC to boost digital literacy among Nigerian entrepreneurs

Titan Trust Bank Ltd in collaboration with the International Finance Corporation (IFC), recently launched an online platform to empower business owners with digital marketing skills to enable them to manage and grow their businesses amid the COVID-19 (coronavirus) pandemic.

Noting that the private sector is dominating the business landscape in the Nigerian economy, the bank mentioned that “the sustainability of businesses in the private sector is paramount as they are important contributors to the economy and are a source of job creation and global economic development.”  

The program which has been dubbed, “Doing Business Online,” is aimed at helping business owners cope with the operational stress of the current pandemic. It also seeks to enable them to create an active online presence, digitalize their product services and find new ways to engage with customers.

Union Bank has unveiled the 2021 UnionX Innovation Challenge to support early-stage startups and boost innovation within the start-up ecosystem.  

Tagged ‘A New Discovery’, this edition of the UnionX Challenge, will focus on discovering, showcasing, and supporting eligible entrepreneurs with innovative, technology-focused Minimum Viable Products (MVPs). 

During the entry period which ends on March 14, 2021, early-stage start-ups registered in Nigeria are invited to submit innovative MVPs with the potential to transform society. These innovative MVPs should focus on sectors including, but not limited to, Financial Technology, E-Commerce, Health, Education, and Agriculture.

The top three MVPs will receive cash prizes totaling N4.5million from Union Bank, in addition to a 2-month incubation program with GreenHouse Capital, a leading fintech venture capital fund collaborating with Union Bank on the initiative. 

In addition, the winners will leverage Union Bank’s network and value chain to further develop their solutions and scale for greater impact.   They will also benefit from a range of services focused on product development, distribution, and business modeling geared towards potential integration with the Bank. 

The UnionX Challenge is the most recent in Union Bank’s Innovation Challenge series. Through the Centenary Innovation Challenge in 2017, the Campus Innovation Challenge in 2018, and the 2019 Edtech Challenge, Union Bank has discovered and supported innovative start-ups and solutions with the potential to drive sustainable impact and development in Nigeria.   

Click here to read more about the UnionX Challenge and submit your entry. For more updates, follow Union Bank on  Facebook, Instagram, and Twitter.

Over the years, Union Bank has been made considerable efforts to contribute to the growth of startups in Nigeria. In 2019, the bank announced the launch of TechVentures, a unique banking proposition that provides special services to technology startups and companies.