Proposed initiative · Oshakati, Namibia
Introducing the Baank initiative.
Baank is a proposed digital-first banking initiative founded by Simon Kapenda, founder and developer of NADD, and is intended to be based in Oshakati, Namibia. Its vision is to combine traditional banking with modern payments, settlement and financial infrastructure. Its target for potential commercial launch is 2030, subject to licensing, capitalization and operational readiness.
Current status
Baank is not licensed or authorized to conduct banking business. No banking license application has been submitted to the Bank of Namibia. Baank does not currently accept deposits, open bank accounts or provide regulated financial services.
Baank is the intended name of the proposed institution and company to be registered. Use of the name does not imply company incorporation, banking authorization or regulatory approval or endorsement.
Baank and NADD
Baank and NADD are distinct initiatives. Baank does not currently hold NADD reserves or provide banking, custody, settlement or other services to NADD. The Baank link on this website is informational and does not identify Baank as NADD's operating bank, reserve custodian or guarantor.
Any future relationship would be subject to applicable regulatory approvals, arm's-length governance, segregation of relevant assets, related-party controls, independent assurance and transparent disclosure. Describing a possible future relationship does not establish regulatory approval or endorsement of either initiative.
Explore the Baank initiative →
2030 is a planning target, not a guarantee of licensing or launch. Proposed services are not currently available.