Union Bank Unveils TechVentures to Support Tech-based Businesses

Union Bank Unveils TechVentures to Support Tech-based Businesses
From Right- Ogochukwu Ekezie-Ekaidem, Head Corporate Communications and Marketing; Adekunle Sonola, Head Commercial Banking and Ehi Ojeh, Strategy Manager/Innovation Lead at the launch of TechVentures by Union Bank in Lagos recently.
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Technology-based companies in Nigeria have something to look forward to as Union Bank has announced the launch of TechVentures, a unique banking proposition which provides tailored services to their industry. The solution was unveiled recently at TechPoint Build, a leading technology conference for tech experts, investors, start-ups and owners of tech-enabled businesses, that held in Lagos.

TechVentures supports tech-based businesses in various stages of their lifecycles, providing them services which include access to venture capital funding, business advisory and mentorship as well as accelerator partnerships.

Union Bank’s Head of Commercial Banking, Mr. Kunle Sonola, who was present at the event and unveil said that the Bank is focused on developing services that offer real value adding solutions for emerging and established sectors and ecosystems in Nigeria. According to Mr. Sonola:

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We designed TechVentures in response to the emergence and accelerated growth we see in the tech space. Our goal is to capture these businesses from startup stage, when they are just nursing an idea, and support them until they build unicorns because we believe that these businesses will drive a new economy in Nigeria.”

Union Bank TechVentures
Adekunle Sonola, Head Commercial Banking Union Bank at the TechVentures Launch in Lagos recently.

The bank launched an annual innovation challenge in 2017 to encourage budding entrepreneurs who are working on innovative solutions which address social and business challenges.

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Union Bank Unveils TechVentures to Support Tech-based Businesses
Some attendees at the Event.

Last year, in partnership with Co-Creation Hub, the Bank also launched a first-of-its-kind business acceleration programme ‘Start up Connect’ which provides an opportunity for Nigerian businesses creating technology-based solutions for the emerging African market , to partner with the Bank and the social innovation center for rapid growth.

Union Bank TechVentures
From Right – Adekunle Sonola, Head Commercial Banking Union Bank and Adewale Yusuf, Founder/ CEO, TechPoint at the event.

Union Bank, Nigeria’s Most Improved Retail Bank, is committed to being Nigeria’s most reliable and trusted banking partner. It remains focused on delivering the simplest, smartest solutions and guaranteeing the best experience every time, with a strategy focused on upskilled employees, optimized processes and platforms, robust technology and a re-energized brand.

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For more information on techventures, visit www.unionbankng.com/techventures

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Paschal Okafor is NaijaTechGuide Team Lead. The article Union Bank Unveils TechVentures to Support Tech-based Businesses was written by Paschal Okafor. The article was last modified: January 29th, 2019

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