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Reading: Ease of financial payments gets boost as Ultra App debuts in Nigeria – Businessday NG
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DeFi

Ease of financial payments gets boost as Ultra App debuts in Nigeria – Businessday NG

Last updated: June 29, 2025 2:59 pm
Published: 10 months ago
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Nigeria’s payment solution market has received a new boost as an international Fintech expert, ThankGod Izime, has officially unveiled Ultra App to offer users the ability to seamlessly manage everyday finances, fund virtual accounts and pay bills.

According to the founder, the new digital platform provides a clean and intuitive interface where users can create and fund virtual accounts for secure payments and instant money transfer to other Nigerian banks.

Speaking at the launch of the Ultra App, ThankGod Izime, chief executive officer/ Co-founder of the App, said the digital platform is built for modern users in mind and helps the seamless movement of funds between users within the App for zero fees and no hidden charges.

Izime said that Ultra was created to give Nigerians true control over their money, whether it’s sending a simple transfer or accessing global digital assets, adding that the platform is fast, clean, and built on how people live and transact today.

“Africa’s Fintech revolution continues to accelerate, and an App like this signifies a bold new move that offers users the ability to seamlessly manage everyday finances, fund virtual accounts, pay bills, and now swap and buy cryptocurrencies all in one App,” he said.

ThankGod Izime, a young Nigerian with a Bachelor’s degree in Computer Science from Nigerian University and a Master’s in International Business from the University of Greenwich in the United Kingdom has over the years combined a tech background and global business perspective to unveil this product’s design and growth strategy.

Commenting further, Izime said the Ultra App is not just another payment app, but symbolises a gateway to smarter finance, crafted for African users who demand speed, versatility, and simplicity.

“We aim to highlight the benefits of DeFi while addressing one of its biggest adoption barriers: the steep learning curve. Many users are still hesitant to engage with DeFi due to its complexity.”

“Ultra plans to bridge this gap by introducing DeFi concepts through familiar TradFi (traditional finance) experiences, making it easier for everyday users to onboard and interact with decentralised financial products. Like, borrowing and lending crypto currencies, saving crypto, and getting interest for just holding crypto currency and also a crypto debit card,” he said.

Commenting further on the benefits of the App, the founder said that bill payments like buying airtime, mobile data, paying electricity bills, funding Bet accounts, and renewing cable TV subscriptions can be achieved all from the users’ phone.

“Users can buy cryptocurrencies using Naira and instantly swap crypto to Naira, bridging the gap between traditional and digital finance in real-time and also avoiding the P2P method,” Izime added.

Read more on Businessday NG

This news is powered by Businessday NG Businessday NG

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