SMEs and Ventures

CoopHub digital solution for Cooperative Societies is here

Wema Bank has launched CoopHub, a digital solution for Cooperative Societies. CoopHub offers a digital platform specifically designed to transform the operations of Cooperative Societies. By providing tailored solutions, CoopHub addresses the gaps in the traditional framework of Cooperative Societies.

The platform tackles challenges faced by Cooperative Societies, such as manual recordkeeping, limited access to loans, poor communication, insecurity, and other restrictions. CoopHub empowers these societies with the necessary tools to not only overcome these obstacles but also operate with utmost efficiency.

Through CoopHub, leaders of Cooperative Societies can effortlessly manage all aspects of their community’s operations from a simplified dashboard accessible on their mobile phones. They can seamlessly handle their society’s finances, communication, member records, analytics, and other essential details in real-time and on the go.

Members of Cooperative Societies also benefit from CoopHub, as it provides them with increased access to loans, streamlined contribution tracking, secure transactions, and easy communication with their leaders. CoopHub ensures 100% transparency, reliability, and security for Cooperative Societies, with the added option of white labeling for a customized experience.

Moruf Oseni, the MD/CEO of Wema Bank, emphasized the Bank’s commitment to innovation and customer-centricity as the driving force behind the creation of CoopHub. Cooperative Societies face numerous challenges. As a bank dedicated to enhancing lives through innovation, we carefully analyzed the entire value chain of Cooperative Societies and introduced CoopHub. This platform offers solutions to alleviate the difficulties and frustrations encountered by both the leaders and members of these communities. CoopHub represents the next generation of Cooperative Societies, with meticulous attention to meeting the requirements of all participants in the Cooperative Society ecosystem and enabling these communities to achieve maximum efficiency.

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