Kolo is a digital "piggy bank" service launched by First City Monument Bank (FCMB), a major Nigerian financial institution. The platform's mission is to promote financial discipline and inclusion by making it easier for individuals, particularly the youth in Nigeria, to save money towards specific goals. The app allows users to create savings plans, automate deposits from their bank accounts, and earn competitive interest rates. Kolo leverages technology to modernize the traditional concept of a savings box, providing a simple, secure, and rewarding way for users to manage their personal finances.

Founded in

Nigeria