RIBY
What it does
Riby Finance was founded in 2016 by Sola Fanawopo to automate savings management and micro-credit access for cooperatives and informal trade groups. The platform offers Riby CoBanking software, empowering trade unions and savings groups to track member contributions and disburse loans. It is widely recognized for digitizing informal cooperative finance across Nigeria.
Cooperative / esusu / ajo digitizationSavings & thrift platformsSME / business lending
Known for
- Cooperative banking software (Riby CoBanking)
- Digitized group savings and loans
- Trade union financial management
- Grassroots micro-credit distribution
Model & industry
SaaSMarketplace / Aggregator modelBanking & Financial Services