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The startup Lending Niro ceases operations.

October 8, 2025

Global Finance announces inaugural AI in Finance awards and names regional and global winners for 2025 in collaboration with CGI.

October 8, 2025

West Hartford’s New Silver Transitions from Software Startup to Rapidly Expanding Real Estate Lender

October 7, 2025

Fintech startup Niro shuts down after securing $20 million in funding

October 7, 2025
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  • The startup Lending Niro ceases operations.
  • Global Finance announces inaugural AI in Finance awards and names regional and global winners for 2025 in collaboration with CGI.
  • West Hartford’s New Silver Transitions from Software Startup to Rapidly Expanding Real Estate Lender
  • Fintech startup Niro shuts down after securing $20 million in funding
  • Revamping the Client Challenge Title
  • Startup Fintech Niro shuts down due to unsuccessful capital raise amid regulatory crackdown.
  • The FDA seeks feedback on the effectiveness of AI in compatible medical devices.
  • It turned the most boring duty of the CFO into a $91 million finance startup.
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    October 8, 2025

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    October 7, 2025

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    October 7, 2025

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    The startup Lending Niro ceases operations.

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fintechbits
Home » Fintech Lance AI Assistant provides over 1 billion loans for migrants.
Market Insights

Fintech Lance AI Assistant provides over 1 billion loans for migrants.

3 Mins Read
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AI-Powered Assistant Launched to Aid Students in Pursuing Education Abroad

A leading center for financial technology and migration infrastructure has unveiled an innovative assistant powered by artificial intelligence, aimed at supporting students as they prepare to study abroad. This initiative marks a significant step towards simplifying the process for aspiring international students.

Financial Support for Migrants

In addition to advancing educational innovation, the company has facilitated over $1 billion in loan facilities to assist migrants in overcoming the hurdles associated with accessing foreign education and other related migration opportunities. This financial backing empowers students by providing them with the necessary resources to achieve their educational goals.

Inauguration in Osogbo

During the inauguration of the new Vesti branch located in Osogbo, the capital of Osun State, co-founder and CEO Olusola Amusan emphasized that the company was founded four years ago with a mission to remove obstacles faced by immigrants pursuing education and other prospects abroad.

Expanding Global Reach

Amusan elaborated, “Our headquarters are in Dallas, Texas, and we have established offices in five countries, including Nigeria. We are committed to offering legal and financial services to 1 million immigrants globally.” This outreach underscores the company’s dedication to facilitating migration for education and work, aligning with the global trend of migration relief.

Migration: A Global Imperative

According to data from the United Nations on migration, approximately 272 million individuals live outside their country of birth, highlighting migration as a crucial avenue for education and employment opportunities. This demographic insight supports the necessity for innovative solutions to streamline the migration process.

Support for Students and Families

Co-founder Barrister Abimbola Amusan revealed that the hub actively supports migrants by aiding their transitions. “We have assisted hundreds of students and over 4,000 families in relocating to various countries. In 2025 alone, we granted loans amounting to ₦500 million, and collectively, our total reached ₦1 billion,” he noted. This financial assistance is vital for many who aspire to study overseas.

Partnerships and Post-Migration Support

Vesti has established partnerships with over 120 educational institutions worldwide, ensuring that both pre- and post-migration support are readily available. This includes offering employment opportunities, scholarships, and continuous advisory services to facilitate a smooth transition for students adapting to new environments.

Government Support for Local Initiatives

Governor Ademola Adeleke lauded Vesti’s establishment in Osogbo, emphasizing the benefits it will bring to the youth and residents of the state. Represented by his special investment adviser and CEO of the Osun State Investment Agency, Hon. Felix Olagunju, Adeleke reiterated the government’s commitment to creating an enabling environment for startups. “We hope to see more businesses like Vesti in Osun State to help realize our youth’s aspirations,” he stated.

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Related Posts

Finance Minister Sitharaman inaugurates foreign currency settlement system in Gift City.

October 7, 2025

What $9.6T Daily FX Trading Means for Fintech Startups

October 1, 2025

Exploring the Boundaries of Technology: Advantages of the Fintech Sector

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The startup Lending Niro ceases operations.

October 8, 2025

Global Finance announces inaugural AI in Finance awards and names regional and global winners for 2025 in collaboration with CGI.

October 8, 2025

West Hartford’s New Silver Transitions from Software Startup to Rapidly Expanding Real Estate Lender

October 7, 2025
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