Cashbox’s future plans include giving back to society, says CEO Aigbogun

Since its founding in January 2019, Cashbox, an online savings platform, has grown to become Nigerians most popular got-to digital saving platform.

One of the reasons for its growing acceptance among the Nigerian populace is its propensity to invest in other businesses, says its CEO, Sydney Imuetinyan Aigbogun.

According to him: “We are not unlike other savings platforms when it comes to investing. CashBox invests in a number of financial instruments such as treasury bills, alternative assets and other portfolios.”

Cashbox’s immediate future plan, he disclosed, is to grow into an asset management company with a possible investment portfolio in agriculture, real estate and other sectors of the economy.

“Our plans also include the introduction of FX savings and other better investment options for users,” he said.

Asked what is the future for the Cashbox, Aigbogun disclosed: “We are going big on philanthropy. We have started doing that, but we will escalate it.”

Explaining further, he said: “What we are planning is not philanthropy the old way, that we are doing by our support for the Old Peoples Home in Yaba. Going forward, we will build on what we have experimented this past one and a half years, which is helping small and medium enterprises (SMEs).”

A lot of SMEs, he stressed, have gained leverage from Cashbox’s benevolence, which helped them to maintain stability.

On what informed Cashbox’s philanthropy towards SMEs, Aigbogun said: “The more SMEs we have that are doing well in the system, the more we are assured of a growing, stronger economic system. And, by and large, we are empowering people to become self-reliant.”