Blockbonds signed agreement in Zambia

Blockbonds is pleased to announce a signed partnership with Cavmont Bank Ltd, aiming to launch the product SPENN in Zambia during 2019.

SPENN is a cost-free mobile banking app, powered by Cavmont Bank Ltd, covering both personal and business accounts, accessible through a smartphone.

Mr. Jens Glaso, CEO of Blockbonds and SPENN, is proud to have entered this agreement with Cavmont bank Ltd in a promising African market.

“Our mission is to give everyone equal financial opportunities through innovative technology. This agreement is a strong, positive signal for our product, which is already successfully launched in two other African markets. It is also a big step towards our long-term goal”, Mr. Glaso said.

Through the SPENN mobile banking app, anyone can open a bank account and experience its services cost-free. Every user can perform money transfers, payments in stores, and cash-out and deposit money at any Cavmont Bank Ltd branch throughout Zambia.

Cavmont Bank Ltd (CBL) is a Registered Commercial bank in Zambia with more than 50,000 clients and 240 employees.

Cavmont Bank Ltd has 20 branches located in Lusaka (6), Chingola, Ndola, Kitwe (2), Chililabombwe, Mbala, Mpulungu, Solwezi, Chipata, Kasama, Mansa, Mwense and Mufumbwe.

See full press release here