January 2025TechCrunch AfricaBy Sarah Johnson

LODUM AI Launches as Africa's First Smart Banking Platform

LODUM AI revolutionizes banking in Africa with chat-based and voice-enabled banking services.

LODUM AI, a groundbreaking fintech startup, has officially launched as Africa's first smart banking platform, bringing innovative chat-based and voice-enabled banking services to millions of users across the continent.

The platform allows users to perform banking operations through popular messaging apps like WhatsApp and Telegram, eliminating the need for traditional banking apps. This approach makes financial services more accessible, especially in regions where smartphone storage and data costs are concerns.

"We recognized that many Africans already use WhatsApp and Telegram daily," said the company's CEO. "Why should banking be any different? We've made it as simple as sending a message."

Key features of LODUM AI include:

• Chat-based banking on WhatsApp and Telegram

• Voice banking through Alexa and Google Assistant

• Smart reminders and scheduled transfers

• Contribution circles for group savings

• Wallet sharing for family and friends

The platform operates under the regulation of RUBIES BANK, ensuring all banking activities meet the highest standards of security and compliance. This partnership provides users with the confidence that their money is safe and protected.

Early users have praised the platform's simplicity and convenience. "I can now transfer money to my family without leaving WhatsApp," said one beta tester. "It's changed how I think about banking."

LODUM AI is currently available in Nigeria and plans to expand to other African countries in 2025. The company aims to make banking accessible to everyone, regardless of their technical expertise or device capabilities.

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