Velmie has partnered with Flot to build a next-generation digital banking platform aimed at solving payment, compliance, and infrastructure challenges facing fintech operators across Africa.
The partnership comes as many African fintech companies continue to struggle with fragmented payment systems, difficult mobile money integrations, regulatory compliance demands, and the challenge of scaling products beyond the early startup stage.
Rather than focusing only on launching new financial products, fintech firms are increasingly seeking partners that can handle full implementation across banking infrastructure, payment systems, compliance processes, and digital banking operations.
Under the partnership, Flot will use Velmie’s integration and delivery capabilities to speed up the rollout of its neobank platform for consumers and businesses across African markets.
The platform is being designed specifically around African financial realities, including mobile-first banking, agent banking networks, hybrid payment systems, and local financial infrastructure requirements.
According to the companies, the platform will support a wide range of financial services for both individuals and businesses.
These include digital wallets with customer onboarding and identity verification, virtual and physical card issuing, mobile money transfers, merchant payment collection, utility bill payments, airtime purchases, bank transfers, and agent banking services such as cash deposits and withdrawals.
Slava Ivashkin, Chief Executive Officer and Founder of Velmie, said launching regulated fintech services in African markets requires more than simply building software products.
“Launching regulated fintech products in African markets requires more than software,” Ivashkin said. “It requires execution capability across integrations, compliance, payment rails, and operational delivery.”
He added that the partnership with Flot is focused on building a scalable banking platform capable of operating reliably across complex and multi-market African environments.
Velmie operates as a services-led fintech infrastructure provider, offering support across solution design, integration management, implementation, launch operations, and ongoing technical support.
The company’s ecosystem includes integrations with card networks, payment processors, banking systems, mobile money providers, and KYC and AML compliance vendors.
This allows fintech companies to reduce the time needed to launch products while maintaining regulatory readiness and operational control.
The partnership also reflects a wider shift happening across African fintech markets, where operators are increasingly adopting modular and API-driven infrastructure instead of building entire banking systems from scratch.
As competition grows across the continent’s financial technology sector, infrastructure readiness and strong execution capabilities are becoming major factors separating successful fintech platforms from those that struggle to scale.
