Wema Bank and Duplo Team Up to Automate Business Finances with AI Tools

African businesses operating on the ALAT by Wema Bank platform will soon have access to streamlined financial management thanks to a new partnership between Wema Bank and financial operating system provider, Duplo. The collaboration aims to bring automation capabilities to companies’ financial operations, freeing up time for more strategic decision-making.

The integration of Duplo’s technology into ALAT addresses a common pain point for expanding businesses: the fragmented nature of their financial management systems. Finance departments often juggle multiple tools and platforms, including spreadsheets, emails, banking portals, and accounting software, which can lead to errors, delays, and limited visibility over cash flow.

This scattered approach not only hampers efficient growth but also exposes companies to operational risks. By automating payments, overseeing expenses and approvals, issuing and collecting invoices, and governing financial workflows from a single connected environment, Duplo’s technology aims to simplify financial management for ALAT business users.

The partnership reflects Wema Bank’s focus on building a digital banking platform that supports the actual needs of businesses. According to Tunde Mabawonku, executive director – finance & digital optimization at Wema Bank, ‘This integration strengthens our product offering and enables us to deliver a more comprehensive digital banking experience for our customers while supporting business growth across Nigeria.’

Duplo CEO Yele Oyekola emphasizes the importance of giving businesses greater clarity and control over their financial operations. Many companies still manage payments, expenses, and reconciliation across multiple systems, which slows down decision-making and creates unnecessary operational risks. By partnering with Wema Bank, Duplo aims to deliver its automation experience within a platform that business users already trust.

Existing ALAT business customers will enjoy three months of complimentary access to the Duplo platform, allowing them to trial its features without extra charge. This integration marks a significant step towards providing businesses in Nigeria with more comprehensive digital banking services and supporting their growth.