Velmie, a digital banking technology partner supporting financial innovation across Africa, together with Metro Cable, announced the outstanding success of Vult, Sierra Leone’s fast-growing super app that has transformed access to financial services across the country.

This report provides critical insights into the adoption, performance, and challenges of DFS across various providers while highlighting key trends that influence financial inclusion and economic participation in Sierra Leone. 

The goal of this research was to gather data that can inform policies and programs aimed at enhancing financial inclusion across the country.

BRAC shares three key takeaways from a survey of participants in their financial and digital literacy program.

Velmie and Metro Cable launch Vult, a secure multi-currency digital wallet and card platform to boost financial inclusion in Sierra Leone.

Early results from a BRAC International pilot show how financial literacy training can enhance the impact of financial inclusion.

This pioneering initiative will improve access to finance over the next five years, contributing to scale up digital financial solutions and piloting insurance to 500,000 low-income farmers, including women, youth entrepreneurs.

By addressing the need for improved access to financial services and support for MSMEs in agriculture, the project aims to contribute to the creation of jobs and the sustainable and inclusive economic development of the sector.

This study examines the growing impact of climate induced disaster on the agriculture sector in Sierra Leone and explores financial gaps that could feasibly be filled through climate risk insurance solutions.

The general objective is to test a tailor-made and innovative agricultural product for smallholder farmers and expand the loan products to rural areas.