About DafriBank Limited – Xolane Ndhlovu
Ain’t like traditional commercial banks with core banking, DafriBank, or The Digital Bank of Africa (DBA), is a borderless digital-only bank specifically built to serve as an electronic payment gateway system for digital entrepreneurs. DafriBank addresses the banking needs of Africa’s growing digital entrepreneurial class — a niche that has been largely ignored by the traditional banks.
A borderless means, anyone with access to the internet anywhere in Africa, can open, own and operate a DafriBank account and other products offered by the bank.
Xolane Ndhlovu is the Chairman of the board of DafriGroup PLC and also CEO of UMEH Ltd.
At DafriBank, we see technology as an enabler and as a generator of new opportunities. We are forward-thinking, benchmarking trends in technology to shape our future that will be coupled with our practical delivery on a highly automated platform that will make us unique.
Our leading-edge in IT will keep us well-positioned in the global banking community to sustain our offering of exceptional Digital banking services. As a bank built with principle, we believe our success will hinge on satisfying our customers and helping them unlock the real value of their digital businesses.
DafriBank is a division of DafriGroup PLC, a multinational venture-capital conglomerate headquartered in Johannesburg, South Africa with offices in Nigeria.
The group focuses heavily on emerging African technology and digital companies that have been deemed to have high growth potential or which have demonstrated high growth. Founded in late 2019 by Xolane Ndhlovu, the former Chief Executive Officer of UMEH Ltd who led the company to an R500m evaluation.
The company began its operation in 2020 and has completed a $5 million startup investment in DafriBank Limited.