Facity

About Facity

Access to quality education and financial resources is crucial for personal and professional growth. However, Nigerian students need help with exclusive vendors, credit, and financial inclusion. Facity provides student-focused solutions to these challenges, including financial inclusion, and career advisory services. Over 18% of students drop out of school, and the youth unemployment rate is over 40% due to limited access to niche products, strict eligibility criteria for education credit, and financial literacy issues.
To tackle these challenges, Facity has developed a comprehensive platform that offers tailored financial products and inclusion through digital banking and payment options and business tools and support for student entrepreneurs. We aim to empower students and student entrepreneurs, reduce their financial burden, and foster their personal, academic, career, and entrepreneurial growth.
Facity is a comprehensive fintech platform designed specifically for students, addressing the unique financial challenges they face during their educational journey. The problem Facity solves is the need for tailored financial tools and career guidance for students in Nigeria, where access to affordable education and financial literacy is a pressing issue. Currently, over 18% of students drop out of school annually, and youth unemployment is at over 40%. Facity empowers students through a user-friendly app that offers tailored financial products including budgeting tools, access to vendors, essential career advisory, and business support for student entrepreneurs to build businesses.
Facity has a profound impact on students' financial well-being and career prospects, making education more accessible and less financially stressful. This holistic approach addresses various pain points:
Financial Literacy: Many students struggle with budgeting and managing their finances, often resulting in financial stress. Facity's budgeting tools simplify financial planning, enabling students to allocate funds for tuition, living expenses, and savings effectively.
Affordability: Higher education can be financially burdensome. Facity's exclusive vendor listing makes education more affordable, offering savings on a range of products and services that students frequently use.
Career Guidance: Facity provides students with valuable career advisory content, helping them make informed decisions about their academic and professional paths.
This addresses the uncertainty students often face regarding their future careers.
Facity’s business model centres around addressing the specific financial needs and aspirations of students. Our value proposition is to empower students with a holistic financial platform that manages their finances and provides essential career advisory content. We offer a suite of financial services, including budgeting tools, and a user-friendly app to manage their finances. Simultaneously, our platform provides valuable career advisory content, helping students make informed decisions about their academic and professional paths.