Fintech Platform Partnership Targets Growing African Market

Velmie, a digital banking system integrator, has partnered with neobank initiative Flot to deliver a comprehensive fintech platform tailored for the African market. This collaboration addresses the continent’s increasing demand for integrated solutions that combine mobile app delivery, API integration, testing, and ongoing maintenance—allowing financial institutions to launch faster without building extensive internal engineering teams.

The partnership reflects a broader trend in African fintech toward modular, API-driven architectures as organizations seek greater agility and efficiency. Payment institutions and emerging market intermediaries (EMIs) face challenges including fragmented payment ecosystems, scalability limitations with legacy systems, high development costs, and pressure to launch quickly.

Integrated Solution for Rapid Deployment

Velmie’s end-to-end services provide:

  • Mobile Banking App Delivery: Production-ready apps designed for African market realities, including mobile-first design and offline capabilities
  • Systems & API Integration: Turnkey connections across payment rails (mobile money, SWIFT), KYC/AML providers, bank account networks, and merchant payment systems
  • Testing & Quality Assurance: Rigorous release governance aligned with regional regulatory requirements
  • Product Launch Support: Dedicated teams managing go-live coordination, user acquisition, and market entry
  • Ongoing Maintenance: Continuous operations and upgrades without service disruption

Flot’s Scalable Neobank Platform

Powered by Velmie’s infrastructure, Flot is building a neobank with features including:

  • Digital wallets with secure onboarding
  • Virtual and physical card issuing
  • Mobile money integrations for funding and transfers
  • Peer-to-peer payments and utility bill services
  • Business payment collection and agent banking capabilities

“Launching digital financial services in Africa requires more than technology; it requires infrastructure designed for local market conditions,” said Slava Ivashkin, CEO & Founder of Velmie. “With each partnership, we bring both our expertise and deep understanding of the African payments landscape.”

The collaboration positions Flot to capitalize on the growing demand for digital financial services while addressing key infrastructural challenges in the region.