Tespire, one of the leading names in education technology, has officially signed a Service Level Agreement (SLA) with Alternative Bank (Alt-Bank), marking a strategic collaboration that promises to transform the education and healthcare sectors. This partnership combines Tespire’s innovative solutions with Alt-Bank’s financial and developmental expertise to deliver impactful solutions across Nigeria.
Alt-Bank: A Decade of Strategic Growth
A decade ago, Alternative Bank has steadily grown from its roots as a non-interest banking window under Sterling Bank. In July 2023, it received its full banking license from the Central Bank of Nigeria (CBN), granting it the independence to operate as a standalone bank. Over the years, Alt-Bank has extended its reach beyond traditional banking, actively investing in critical sectors like small and medium-sized enterprises (SMEs), healthcare, and education. Alt-Bank is set to strengthen its position in the education sector while also cementing its role in healthcare through Tespire’s ongoing research project.
Tespire: Driving Innovation in Education through Data-Driven Solutions
Tespire is at the forefront of driving innovation in education through cloud-based products designed to improve financial management and administrative processes. Over 4000 schools have been impacted by its product which has positioned the company as a trusted partner for schools seeking to improve their overall school operations.
Tespire’s recently signed a Memorandum of Understanding (MOU) with the Niger State Government to further explore its groundbreaking healthcare research project, Asibiti. This highlights its broader mission of addressing challenges that impact education and healthcare.
What This Partnership Means
The SLA between Tespire and Alt-Bank is a game-changer. It enables Tespire to explore new product launches and leverage Alt-Bank’s extensive network to scale its reach. For Alt-Bank, the partnership solidifies its role in shaping the future of education while strengthening its foothold in healthcare through collaborations like the Asibiti project.
This partnership embodies a shared vision of creating sustainable solutions for pressing societal challenges. By joining forces, Tespire and Alt-Bank aim to foster innovation, enhance resource accessibility, and drive meaningful progress in education and healthcare.
