BizFlex Africa receives final IMTO approval from the Central Bank of Nigeria

FastaMoni Technologies Limited, the company behind BizFlex Africa, is pleased to announce that BizFlex Africa has officially received its Final International Money Transfer Operator (IMTO) Approval from the Central Bank of Nigeria (CBN).

The approval authorizes BizFlex Africa to operate as a licensed International Money Transfer Operator in Nigeria and marks a significant milestone in the company’s growth within the regulated financial services sector.

This achievement follows a comprehensive regulatory review process involving operational assessments, compliance evaluations, governance requirements, infrastructure reviews, and adherence to applicable regulatory standards established by the Central Bank of Nigeria.

Strengthening cross-border financial access

The IMTO approval positions BizFlex Africa to further support secure and compliant cross-border payment services for individuals and businesses operating within an increasingly global economy.

As digital commerce, remote work, international trade, and diaspora remittances continue to grow across Africa, the demand for trusted and efficient payment infrastructure has become increasingly important.

BizFlex Africa believes this approval strengthens its ability to contribute meaningfully to that ecosystem by providing regulated financial solutions that support:
• cross-border transactions
• international settlements
• remittance services
• broader financial accessibility

More information about the platform and its financial infrastructure can be found at www.bizflex.africa.

Commitment to compliance, security & customer trust

At the core of BizFlex Africa’s operations is a strong commitment to regulatory compliance, operational integrity, and customer protection.

Over the past year, the company has continued investing in:
• compliance systems
• transaction monitoring infrastructure
• anti-money laundering (AML) controls
• fraud prevention measures
• internal risk management processes
• customer verification procedures

The company has also continued strengthening its governance and operational framework in alignment with evolving regulatory expectations within the Nigerian financial ecosystem.

BizFlex Africa believes customer trust is built through consistency, transparency, platform reliability, and responsible operational standards.

The IMTO approval further reinforces the company’s commitment to operating within globally aligned compliance and financial integrity standards.

Building reliable financial infrastructure

BizFlex Africa continues to focus on building accessible financial tools and payment infrastructure for freelancers, businesses, merchants, and globally connected Africans.

The platform supports a range of financial services designed to simplify local and international financial operations while improving accessibility and user experience.

According to the company, its broader vision remains centered on building scalable and technology-driven financial infrastructure capable of supporting the evolving needs of modern African businesses and consumers.

Learn more at www.bizflex.africa.

CEO statement

Speaking on the approval, Adetola Adele, Co-Founder and Chief Executive Officer of FastaMoni Technologies Limited, said:

“Receiving the final IMTO approval from the Central Bank of Nigeria represents an important milestone for our company and for the broader vision we continue to build toward at BizFlex Africa.

This approval reflects the work our team has put into strengthening our operational standards, compliance systems, technology infrastructure, and governance processes over time.

We understand the level of responsibility that comes with operating within regulated financial services, and we remain committed to building with a strong focus on compliance, security, reliability, and long-term sustainability.

We are grateful to our customers, partners, stakeholders, and regulators for their continued confidence and support as we continue expanding access to trusted financial services across borders.”

Looking ahead

With the IMTO approval now secured, BizFlex Africa intends to continue strengthening its position within the cross-border payments and financial services ecosystem while maintaining a strong focus on:
• operational excellence
• regulatory compliance
• platform stability
• customer experience
• responsible growth

The company remains optimistic about the long-term opportunities within Africa’s digital financial services sector and believes strong regulatory alignment will continue to play a critical role in sustainable innovation across the industry.

About FastaMoni Technologies Limited

FastaMoni Technologies Limited is a Nigerian financial technology company focused on building modern financial infrastructure and payment solutions for individuals and businesses across Africa.

Its flagship platform, BizFlex Africa (www.bizflex.africa), provides financial tools and payment services designed to support local and international transactions through secure and technology-driven infrastructure.