Raven, often referred to as "The People's Bank of Africa," is a digital banking platform dedicated to creating a financial ecosystem that meets the banking and financial needs of both individuals and businesses throughout Africa, beginning with Nigeria. The primary goal of Raven is to simplify banking for its users, ensuring they can efficiently manage their finances without the burden of complicated fees or processes. By focusing on usability and accessibility, Raven aims to revolutionize the banking experience for the African populace.
One of the standout features of Raven is its low transaction fees. Users benefit from a transparent fee structure that only imposes a flat charge of 10 NGN for transfers, eliminating any concerns about hidden fees. This affordability allows clients to engage in transactions freely. Additionally, Raven offers a bulk transfer feature, enabling users to send money to multiple recipients at different banks simultaneously with just a single action, which represents a significant time-saver for those needing to manage multiple payments.
Raven prioritizes transparency and efficiency in financial management with its spending insights feature. Customers can track their expenditures in detail, allowing them to understand their spending habits and budget more effectively. The platform also simplifies bill payments, including electricity and data services, providing a comprehensive financial service without additional charges. Moreover, Raven offers high-interest savings options, with users receiving up to 14% annually on their savings, encouraging them to secure their financial future through structured savings plans.
In terms of user convenience, Raven allows for social banking without any transaction fees using their Username transfer feature, making it easy to send money to friends and family. The platform also supports both physical and virtual cards, providing a flexible shopping experience. Additionally, Raven is working on a global account feature that will enable users to receive funds from abroad easily. With 24/7 customer support available through in-app chat, Raven is committed to providing a reliable and supportive banking environment. The safety of deposits is assured by the Nigerian Deposit Insurance Corporation, further emphasizing the platform’s commitment to security and trust.