This major milestone marks a significant step forward in the company’s mission to provide accessible and secure financial solutions to people all around the world.

The Freedom Account is a versatile financial platform designed to empower individuals and businesses with the freedom to manage their finances efficiently, make cross-border transactions, and access a wide range of banking services without the limitations imposed by traditional banking systems.

Speaking at the event, the Managing Director/CEO, Tranzfar, Ryan Romeo, said, “We are indeed excited to have reached this important milestone in our journey to provide accessible financial services worldwide. Our commitment to financial inclusion and customer satisfaction remains unwavering, and we look forward to serving even more customers in the future.”

The Co-Founder and Chief Financial Officer of Tranzfar, Dr. Olusiji Sanya, stated that in the last one year, Tranzfar has recorded numerous successes with The Freedom Bank Account, from onboarding thousands of customers to expanding its access reach to over 100 countries, which is in line with the spirit and ethos of the freedom account.

The account now has the following features: a virtual card, multi-currency capabilities, which include GBP, USD and EURO-denominated account capabilities, a global payment infrastructure and incorporated enterprise solutions for businesses.

 “We are opening a business access point allowing businesses and enterprises to have a Freedom Bank Account that is suitable for companies. For businesses who want to do transactions in different currencies, we also give them FX conversion capabilities. So not only are we giving businesses a bank account, we are giving them the ability to convert into different currencies, up to 70 currencies. Another thing that our enterprise solution does is that we have a global payment infrastructure capability for companies,” Dr. Olusiji added. 

A member of the Board of Directors, Tranzfar, Sarah Essien said, “The Freedom Account has lived up to its name, liberating Africans in 100 countries by granting them access to financial possibilities that were hitherto limited to the continent. We have done this by fostering a link between Africa and the rest of the world with our secure, efficient and trustworthy platform.”

The Freedom account expansion into over 100 countries represents a significant step forward in the company’s mission to democratize financial services and foster global economic growth.

The Freedom Account allows customers in Nigeria to open and manage their own United Kingdom foreign account for instant payments across UK bank accounts.

In his opening speech, Mr. Bankole Eniola, the Chairman Tranzfar, said that the Freedom account was carefully designed to give people in Nigeria, Ghana and Kenya the opportunity to bank globally in over 30 countries where Tranzfar currently have footprint. 

Bankole further added that ‘Tranzfar is about making payment seamless across the globe and aspiring to become the world’s leading African financial technology platform, providing innovative digital financial products on behalf of the African diaspora communities and users across the globe.’

Mr. Ryan Romeo, the Chief Executive Officer of Tranzfar, added that ‘Tranzfar is dedicated to ameliorating the challenges a lot of the Africans in diaspora and those within Africa face daily financially. Within the diaspora itself, a lot of Africans suffer limited financial accessibility and limited access to basic financial amenities. The introduction of Freedom Bank Account will guarantee a seamless payment of overseas bills, utilities and obligations. Beyond that within the continent itself, there is volatile exchange rate that leads to a big and enlarged devaluation of people’s wealth. Tranzfar is trying to bring Africans in diaspora back into the fold and give them the financial access that they are currently deprived of. The Freedom Account gives the opportunity for increased financial participation for those within African and Africans in diaspora.’

Dr. Olusiji Sanya, the Chief Financial Officer of Tranzfar, added that, Tranzfar is committed to fostering a potent link between Africa and the rest of the world through trustworthy financial solutions and remains committed to the development of the Nigerian financial society through fast, easy, and reliable services. With the launch of the ‘Freedom Bank Account’, Nigerians can be rest assured of the promise of Top-notch service delivery and a financial platform they can rely on each time they need to and on whatever channel they choose whether it be our mobile App or website.’

The Freedom Account will give Nigerians at home and in diaspora the financial freedom through the ease of making payments in countries where Tranzfar operates.

Tranzfar is also regulated by the different financial regulatory bodies in the UK, US, Canada, Australia and other countries where they operate to ensure conformity and safety of customer funds. Thus, they are committed to providing innovative, seamless, and safe payment solutions at all times especially to those within the African continent.

More about Tranzfar

Tranzfar Limited is an international payment solution provider primarily focused on seamless payments between the United Kingdom, United states, 27 EU countries, Canada, New Zealand, Australia, Nigeria, Ghana, and Kenya in a very reliable, fast and customer-centric way via our website and mobile Apps.

Tranzfar is basically all about making payments seamless across the globe.

Tranzfar’s first product Remit, launched 5 years ago facilitates payments from over 30 countries that we operate in. The Freedom Account is a newer product.

Tranzfar is currently working on a product called Apex, the African system of payment excellence which will revolutionize and disrupt intra-African payments between Africa and the rest of the world.