TechAdvance, on Monday, September 13th, 2021, announced the official release of its product, Bloc — a proprietary suite of APIs capable of helping anyone launch a FinTech product in far less time than it usually takes. With Bloc, TechAdvance opens the door to FinTech for all and sundry — tech companies, internet startups, small businesses, and large corporations alike.

The announcement comes with the release of five API products currently live in the Bloc API suite — eWallets and Virtual Accounts, Utilities, CashCode, Agency Banking, and Transfers.

“All companies will become FinTech companies,” said Edmund Olotu, Founder and Chief Innovation Officer at TechAdvance. In an internal meeting, Edmund stated that “with our APIs, companies/startups can now offer their customers a range of banking and financial services. With cash deposits and withdrawals, local and international wallets, recurring payments, cardless withdrawals, bill payments, individual and bulk transfers — companies can increase revenue and stay profitable”.

Built for speed, ease, and compliance

Bloc gives any startup or corporation peace of mind in three ways, built with obsessive attention to detail.

1. Faster time to market
   With Bloc, all complexities that take time to build and launch a product no longer exist — allowing you to focus on what matters, your product. We own all the necessary licenses and are compliant with the highest security standards required to offer you our API products.
2. Simple to use and integrate
   In minutes, engineering teams can sign up and gain access to the API products for integration. Bloc also simplifies deployment, updates, management and is very compatible with other third-party APIs.
3. 100% Compliant
   Bloc is secure and protected by design. Always up to date, Bloc holds security certifications by ISO 27001, PCI-DSS, and licenses like the CBN-issued Micro Finance Bank License, the NCC-Value Added Services license, and a PSSP license.