The company said the FMT Space app allows customers to invest in money markets and commercial papers.It also provides escrow services to clients and offers loans with a 5 percent interest rate.
“We are the only app in Nigeria that has that kind of arrangement, bringing trust to a buyer-seller relationship,” Anthony Onyeoghane, chief risk officer at FMT said.Onyeoghane said the company aims to spread its reach to the younger generation with the app, and “allow every Nigerian company to invest in a safe, secure and profitable manner”.
Oviawe said the app was built with the latest fintech security protocols like the one-time password and connected with bank verification number and others.“Nobody can do anything with your BVN. It is a misconception to think that because you give out your BVN somebody can defraud you. Remember that when you registered your BVN, you registered with a particular number. If you still have that number, then your BVN is safe,” he said.
“The BVN is not what we created, is a government regulation to know if you are who you say you are, and that is what separates us. If a terrorist decides to download my app, they have a BVN, remember in your BVN you have your biometrics. So, you are not hiding anymore.
Fabulous. Big Congratulations to the FMT team.