Argon Financials is a fully registered business with the mission of making financial services accessible to all starting with Insurance. Unlike every other insurtech companies, AF will build its own capacity to develop its products and sell through its proprietary distribution mechanism
Argon Financials
Until financial services is available to EVERYONE regardless of income, age & gender
Did You Know?
- Nigeria has 106m Adult Population
- 50% & 55% of the adult population is female and less than 35 years old respectively
- Only 45% of them are banked. 27% have a bank savings account and only 2% have a loan with a bank (up from 1% in 2018)
- Less than 30% of adult Nigerians have or use products or services from non-bank formal financial institutions
- Only 12% are aware of micro insurance products, 8% for micro pensions & 22% for mobile money
- Insurance penetration in Nigeria is currently less than 3%
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