Building the Financial Infrastructure of Tomorrow: Velmie Partners with Flot

In a significant move for African fintech, digital banking system integrator Velmie has teamed up with emerging neobank Flot to deliver scalable financial solutions across multiple markets. This partnership addresses the growing need among EMI platforms and payment institutions for robust, compliant infrastructure that can support rapid expansion.

The challenge facing many fintechs in Africa is clear: coordinating numerous vendors—from card issuers to KYC/AML providers—while ensuring operational reliability and meeting regulatory requirements. Flot’s integration-first approach, facilitated by Velmie’s expertise, streamlines this process across:

• Card issuing and processing (virtual & physical)
• Local and international payment rails
• KYC/AML compliance modules
• Digital channels (mobile wallets, web portals)

The resulting platform supports a wide range of services including digital wallets, card issuance, mobile money integrations, merchant payments, utility bill payments, and agent banking—all designed with the African market in mind.

Why This Partnership Matters

According to Velmie CEO Slava Ivashkin, “Launching regulated fintech products across Africa requires more than just software; it demands experienced execution across compliance, payment infrastructure, and operational delivery.” By focusing on integration ownership and regulatory expertise, this collaboration aims to reduce risks and accelerate time-to-market for digital banking solutions.

For fintech leaders seeking technology partners, the Velmie-Flot case study highlights three key success factors: a single accountable team managing critical integrations, purpose-built compliance frameworks, and ongoing operational support that ensures stability and enables future expansion.