Duplo, an African financial operations and payments platform, has partnered with Wema Bank, Nigeria’s oldest indigenous bank, in a move that highlights the growing collaboration between traditional lenders and fintech firms to simplify business payments, improve operational efficiency, and help small businesses scale.
The partnership, announced on Monday in Lagos, combines the Bank’s banking infrastructure with Duplo’s financial operations technology to enable seamless financial management for businesses through the ALAT by Wema platform.
Under the collaboration, businesses will gain access to Duplo’s financial operations platform, enabling them to automate payments, manage expenses and approvals, generate and collect invoices, reconcile transactions, and streamline end-to-end financial workflows within a single, integrated ecosystem.
The companies said the initiative is designed to eliminate operational bottlenecks that continue to slow many Nigerian businesses while expanding access to digital financial tools across Africa’s most populous nation.
Speaking at the signing ceremony, Yele Oyekola, co-founder and CEO
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