For many, the move isn't simply a preference but a matter of business survival.

Edge Growth’s portfolio already includes firms such as Rentoza, logistics operator DKN Transport, home services startup SweepSouth, among others

The timing of Gambaryan’s release has stirred fresh debate in Nigeria, given its close alignment with the group’s formation, though neither side has officially linked the two.

With remittances playing a vital role in the Senegalese economy, contributing approximately 9.8% to the nation’s GDP in 2022, the neobank presents an opportunity for the government to capture a larger share of transaction fees currently paid to foreign intermediaries.