Sparkle plans NGX listing in push for expansion

The Nigeria Exchange Limited (NGX) will soon play host to Sparkle which is planning to list its shares on the Nigerian Bourse in line with the founder’s expansion drive.

The NGX listing is expected to position Sparkle as not just as a bank but as an ecosystem which blends commerce with convenience.

The company has not disclosed the volume of shares and the price it will list on the NGX, but sources close to the plan confirmed the firm’s readiness to welcome Sparkle as a publicly listed company.

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Sparkle, which has about N97 billion deposits from 190,000 customers, has also processed about $420million worth of transactions, issued 33,000 physical and virtual cards.

Launched in the fourth quarter (Q4) of 2019 Sparkle helps Nigerians to fulfil their potential by democratising access to valuable solutions for their businesses and personal needs.

Founded by Uzoma Dozie, former CEO, Diamond Bank Plc, Sparkle offers personal and business accounts, savings tools, expense tracking, tax advisory, invoicing, and even inventory management, which makes it a one-stop shop for freelancers, entrepreneurs, and SMEs.

Sparkle is a lifestyle and financial ecosystem that is providing solutions to Nigeria’s retailers, SME and individuals.

The firm employs a model that combines financial services with lifestyle offerings, delivering banking that is as personal.

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Sparkle was born out of a vision to provide accessible, user-centric financial tools to Nigerians, especially in a market where traditional banking often falls short of meeting the real-life needs of users.

Impact

Sparkle delivers real-time insights and intelligent automation, enabling customers to manage their finances and grow their businesses with ease.

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The firm differentiates itself with a deep focus on data and personalisation. By leveraging AI and open banking principles, Sparkle provides users with tailored recommendations to optimise spending, savings, and investment behaviours.

As a licensed microfinance bank operating under the regulation of the Central Bank of Nigeria (CBN), Sparkle ensures users get the security of traditional banking with the agility of a tech startup.

The mission for Sparkle is to build a digital economy where every Nigerian from a student, trader, or anyone can participate and thrive.

TAGGED:BDlead Nigeria Exchange Limited

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ByIheanyi Nwachukwu

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Iheanyi Nwachukwu, is a creative content writer with almost two decades journalism experience writing on banking, finance, capital markets, and tax. The multiple awards winning journalist is Assistant Editor, BusinessDay. Iheanyi holds BSc Degree in Economics from Imo State University; Master of Science (MSc) Degree in Management from University of Lagos. Iheanyi has attended several work-related trainings including (i) Advanced Writing and Reporting Skills (Pan African University, Lagos); (ii) News Agency Journalism (Indian Institute of Mass Communication {IIMC}, New Delhi, India); and (iii) Capital Markets Development and Regulations (International Law Institute {ILI} of Georgetown University, Washington DC, USA). Other trainings Iheanyi attended include: Economic/Political Risk Analysis (By Thomson Reuters Foundation); International Financial Journalism (IFJ) (By PMA Media Training, UK); Effective Business Writing Skills (By Phillips Consulting); Reporting on Corporate Governance (By International Finance Corporation (IFC) & Thomson Reuters Foundation UK); etc. In addition, he has participated in high-level economy & markets events in Dubai, South Africa, Morocco, and other African countries like Zambia, Ghana and Gambia.