ARM launches API service for fintech startups in Nigeria
Nigeria's financial services provider ARM launched ARM Sandbox, a new and more efficient way for fintechs to scale their integration and customer acquisition plans.
The ARM Sandbox allows fintechs that resell APIs (Application Program Interface), provide e-wallet, investments and payment services to integrate ARM’s API into their solutions. This will provide a platform for fintechs to expand their services to new markets, leverage the credibility of the ARM brand name and best of all, earn from the management fees paid quarterly by the company.
ARM has been at the fore front of innovation through collaboration, by helping startups realise their ambitions. So far, the company has partnered with Ventures platform to create a fintech focused accelerator called Labs By ARM and its youth awards initiative, DAAYTA. Through these programs, ARM supports entrepreneurs with smart and innovative ideas that have a positive impact on people’s lives and the surrounding communities.
The introduction of ARM Sandbox is in line with the company’s objective of collaborating with fintechs and providing a platform that enables innovation and reduce the barrier to entry for fintechs in the asset management industry.
Henrietta Bankole-Olusina, Managing Director, ARM Financial Advisers stated: “The ARM Sandbox platform will empower fintech firms across Africa to achieve their growth goals. Also, it will give them the opportunity to provide value added services to their clients and improve and enhance their customer acquisition strategies.”