Lockdown Pumps Up Cashbox’s Savings 40% to N1bn

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An indigenous financial technology (FinTech) firm, CashBox, has seen a 40 per cent growth month-on-month between March and July this year which has pushed customers’ savings to N1 billion. Sydney Aigbogun, its founder and chief executive officer (CEO) explained that before the outbreak of the virus which spurred lockdown, savers on the platform lodged between N30 million and N50 million on a monthly basis. “Since the lockdown was declared, that number has moved to about N200 million,” said. Speaking with reporters in Lagos, he said the firm plans to transform…

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