Bazara Tech, a home-grown African fintech firm, has officially launched Manovar, a new AI-powered channel banking platform aiming to reshape how corporate banking is delivered across Africa. The announcement, made in Lagos earlier this week, marks a bold stride in the continent’s financial technology landscape.
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A new banking era with Manovar
The heart of the move by Bazara Tech is to dismantle the fragmented, often manual and disjointed banking workflows that have long hindered corporate banking operations. For many banks, cumbersome legacy systems and manual processes have meant inefficiency, delays, and heightened risk. Through Manovar, Bazara Tech offers a unified, intelligent interface designed to integrate multiple banking functions, from liquidity management and global treasury oversight to approvals, compliance, fraud monitoring, and user journeys, within a single platform.
By providing banks with real-time analytics and intelligent automation, Manovar seeks to eliminate the bottlenecks that have historically slowed down corporate banking operations. This translates into faster response times, improved security, and a smoother, more connected banking experience for corporate clients.
Built in partnership, ready for scale
What sets Manovar apart is that it did not emerge in isolation; it was developed through close collaboration between Bazara Tech, institutional banking partners, and end-users within the corporate banking ecosystem. This collaborative approach ensured the platform aligns with real-world needs across different banking markets in Africa.
Today, the platform is not just a concept; it has already been deployed by two major commercial banks operating across Africa, signifying a rapid transition from vision to reality. This early adoption demonstrates confidence in the platform’s capacity to meet complex regulatory, operational, and security demands spanning different markets.
Manovar is offered both as a cloud-based SaaS solution and as an on-premise option. This flexibility offers banks leeway to meet unique regulatory, compliance, or internal policy requirements.
Leadership voices the vision
According to Bazara Tech’s Co-founder and Chief Product & Technology Officer, Tunji Odumuboni, Manovar isn’t just another banking software — it’s a strategic enabler. He describes it as the banking “central nervous system,” capable of powering real-time decision-making, improving operational agility, and delivering enterprise-grade service for corporate clients.
Similarly, the company’s Head of Products, Lanre Akomolafe, emphasised that Manovar represents what can be achieved when fintech innovators and traditional financial institutions collaborate, combining technological innovation with banking domain expertise. He called the launch “proof that innovation thrives when collaboration replaces tradition.”
For Bazara Tech’s founder and CEO, Boye Ademola, the introduction of Manovar marks a milestone in the company’s mission to accelerate financial innovation across Africa and beyond. He described this as the “next chapter” in empowering banks to serve corporate clients with greater speed, clarity, and security.
Vision beyond Nigeria: Africa and international outlook
With Manovar now live and operational, Bazara Tech is setting its sights on rapid expansion. The company plans to target other major African markets while also exploring the United Kingdom and the Gulf Cooperation Council (GCC) region, underscoring its ambition to build a banking platform capable of operating across global financial centres.
This expansion reflects a broader trend in which African banks and financial institutions are increasingly adopting advanced fintech solutions — especially in corporate banking- to stay competitive, scale operations, and deliver services that meet global standards while remaining contextually relevant for Africa.
By tackling long-held structural problems in banking, from fragmented systems to manual workflows, platforms like Manovar represent a significant step toward bridging the gap between legacy banking infrastructure and modern, digitally native banking services.
In launching Manovar, Bazara Tech stakes a strong claim as a fintech innovator capable of not only envisioning the future of banking but also building it. For corporate clients across Africa and beyond, this could mean faster transactions, smarter liquidity management, seamless compliance and approval flows, and a level of service sophistication that until recently was only available to elite global banks.
Given current momentum and early adoption by major banks, the future looks promising — not just for Bazara Tech, but for the broader corporate banking ecosystem in Africa.
If you like, I can also write a short “Implications for Nigerian corporate banks” sub-section to highlight what this means for banking players in Nigeria today.
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