Platnova has launched Platnova Business, a digital banking solution aimed at helping African small and medium enterprises (SMEs) operate and expand internationally.
The new platform enables businesses to open instant USD accounts, manage multi-currency wallets, issue branded invoices, and control team expenses. It also allows free transfers, reducing common challenges African businesses face when trading across borders.
“SMEs are the heartbeat of Africa’s economy, but many are slowed down by limited access to international banking,” said Benjamin Oyemolan, Chief Executive Officer and Co-founder of Platnova. “Platnova Business gives every entrepreneur — from the corner shop to the export-ready startup — the same global reach enjoyed by companies in developed markets.”
The service provides access to USD accounts connected to ACH, SWIFT, RTP, and wire networks, supporting payments and collections in multiple currencies. Through over 30 multi-currency wallets, users can convert and move funds in real time.
Entrepreneurs can also send branded invoices, create instant payment links, and manage team spending on a single interface. According to Oyemolan, “This launch is about freedom — the freedom for African businesses to trade, grow, and succeed anywhere in the world.”
SMEs account for more than 70 per cent of employment and around 40 per cent of GDP in many African countries. Yet, limited access to global financial systems continues to restrict their growth. Platnova’s new product seeks to close this gap by offering tools that connect local enterprises to international markets.
Oyemolan said the company’s goal is to “unlock borderless finance for Africa and the diaspora, ensuring local ambition connects seamlessly with global opportunity.”
Platnova Business is now available on the Platnova mobile app and web platform, providing SMEs with a secure and easy-to-use system for global transactions and financial management.
