SmartTeller is a Financial Technology company in Nigeria driving efficient economic solutions; financial solutions through Technology, Business Advancement, Education, and Investments through cooperatives across Nigeria and Africa. We Invite cooperatives and thrift agency coordinators in Nigeria to our special cooperative training and conference. An intensive one-day training, providing opportunities, sharing solutions, and tackling current issues within the cooperative.




Investing is crucial, if not critical, to make your money work for you. You work hard for your money, and your money should work hard for you.

Investing is how you take charge of your financial security. It allows you to grow your wealth but also generate an additional income stream if needed ahead of retirement.

To Invest, you should keep a financial goal in mind. It helps generate income and grow over a certain period. Investment includes bonds, stocks, PPF amongst others, which helps in growing money and providing an additional source of income.

As it happens, the…

Let’s talk about Investing today. You ready?

Do you know that one of the sweetest ways to make money is not to work actively for the money? This act is called passive income. It is what investment entails. With investment, you can make money without having to work for the money.

Investing is the big brother to saving. Investing is putting your money to work.

A common misconception people have is that Investing is for the wealthy alone. That is not true as you can invest at any stage. With this, you are building a good Investment culture.

Why should…

You need to learn what to do with your money, how to do it and when to do it. Whether you’re a salary earner, an entrepreneur, or a student, proper money management cannot be overlooked. To ignore the importance of personal finance is to set yourself up to get broke.

Below are five steps that keep you from going broke:


You need to plan carefully, how you intend to spend your money. Your budget must be written and easily accessible, either on your computer, phone, or a notepad. If your income is NGN40,000, you should…

Financial risk management is how you play the defensive half of the investment game. The purpose of risk management is to ensure that your investment losses never exceed acceptable boundaries by following disciplined practices including position sizing, diversification, valuation, loss prevention, due diligence, and exit strategies.

The reason risk management is essential - not optional - is because the amount you lose during the tough times determines how much you must make during the good times to meet your financial goals. You must preserve your capital during difficult periods so that your offensive investment strategy has a larger base of…

Inflated spending is an increase in spending when an individual’s income goes up. Spending becomes greater every time an individual gets a raise and can make it difficult to get out of debt, save for retirement, or meet other financial goals. This causes people to get stuck in a cycle of living paycheck to paycheck where they have just enough money to pay the bills every month.

Inflated spending can result in situations where people place great emphasis on the acquisition of material things in order to achieve happiness.

After graduating from college, Dave found employment at a bank in…

Budgeting is simply a process of creating a plan to spend your money. This spending plan is called a budget. Creating this spending plan allows you to determine in advance whether you will have enough money to do the things you need to do or would like to do. It may also include planned sales volumes and revenues, resource quantities, costs and expenses, assets, liabilities and cash flows. Many often wonder how they spent their money they can’t just figure out how it was spent. …

Saving money is an ideal thing but getting started might be the hardest for many. It has been observed that people who adopt savings plan are likely to save successfully.
Smartteller has created an array of 3 easy saving methods which can help you develop simple and realistic ways to save funds for your short and long term goals.

1. Quick Savings: This plan enables you to save funds as much as possible to ensure you meet up with your savings target. …

With the current trend of the raging pandemic and compulsory lock down, these times are not the best of times for majority of people across the nations of the world. Therefore it is wise to reduce excessive spending and save as much as possible for the Post-effect of Covid-19.
We bring you five tips to help you manage your finances and prepare you for the Post Covid-19 life.

1. Save Money at all cost: This requires financial discipline at the moment. It’s not going to be easy but be rest assured that you will enjoy its fruits in the future


A budget is simply record that keeps track of how much money you have coming in and how they are spent.
Budgeting is one of the most important tools in building financial stability and future because it helps you get the most out of your money.
Budgeting is beneficial to you as an irregular income earner because you stand a chance of financial success when you understand the inflow and outflow of your money.
These tips will help you get started:

1) Make a budget plan: You need to make a plan to budget in the month and hey do…

SmartTeller Technologies Ltd

Digital Banking and payment platform for financial Cooperatives.

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store