Best Banking Tech Companies in Lagos, Nigeria
The 58 best Banking Tech companies in Lagos, Nigeria in 2026, ranked by funding and momentum. Funding, investors, founders, valuation, tech stack and live signals. Top: Kuda.
Our analysis of 50 Banking Tech companies
$7.7b in tracked funding; 98% of the stack-profiled cohort runs cloud-native; funding activity peaked in 2025.
Ranked: Best Banking Tech companies in Lagos
| # | Company | Disclosed funding | Last round | Employees | Founder | Tech stack | App-install YoY | Recent signals |
|---|---|---|---|---|---|---|---|---|
| 1 | 3Line Software solutions for banks & businesses | — | — | — | Demola Ade-Ojo Founder | WebflowPleskZoho+11 | — | — |
| 2 | AjoCard mPOS hardware and software solution provider | — | — | 41 | — | Node.jsZohoFirebase+14 | — | — |
| 3 | ALAT Internet first bank in Nigeria | — | — | — | — | anime.jsUbuntuBootstrap+13 | +34% | — |
| 4 | ARCA Open banking API solutions for banks and financial institutions | — | — | 54 | — | TypeScriptBootstrapAnimate.css+12 | — | — |
| 5 | B54 Provider of account and loan management platform | — | — | 13 | — | — | — | — |
| 6 | BioRegistra Cloud-based data capture & identity management platform | — | — | — | Chimezie Emewulu CEO & MD | — | — | — |
| 7 | CashConnect Digital bank for individuals and businesses | — | — | — | Ademola Adebise Managing Director | WordPressMySQLPHP+21 | — | — |
| 8 | ChatPay Chatbot app for personal banking | — | — | — | Kamal Budhabhatti CEO | — | — | — |
Top 12 Banking Tech companies in Lagos
#1
Seed · Lagos, Lagos · founded 2021 · 8 employees$240Kraised▾
Developer of a credit data aggregating platform. It provides users with a reliable finance and credit data platform for businesses. It also offers APIs to aggregate credit data from multiple bank partners into a single platform. Its features include data accessing, consumer banking analytics, and avoiding loan stacking.
- Jan 2025Seed—
- Jul 2022Seed$240K
#2
Series A · Lagos, Lagos · founded 2021 · 8 employees$5.2Mraised▾
Provider of the marketplace offering inventory loans and digital banking for automobile businesses. It provides users with loans to its users for purchasing inventory for automobile businesses without any collateral and offers multiple loan products from different lenders. It also offers digital banking services for automobile businesses which allows them to manage current or savings accounts, and pay and receive money. The platform also acts as a global marketplace for car buying-selling.
- Nov 2023Series A$3.2M
- Nov 2023Conventional Debt$4M
- Jan 2023Seed$1.9M
- Apr 2022Seed—
#3
Series B · Lagos, Lagos · founded 2017 · 450 employees$91.6Mraised▾
Provider of a digital bank for individuals. Its services include savings accounts, NFC-enabled prepaid cards, bill payments, and online and offline transactions. It also offers smart budgeting for expenditure monitoring, automated savings with yearly interests, and the option to freeze and unfreeze debit cards by using the application. Its application is available on Android and IOS platforms.
- Aug 2021Series B$55M
- Mar 2021Series A$25M
- Nov 2020Seed$10M
- Sep 2019Seed$1.6M
#4
Seed · Lagos, Lagos · founded 2022 · 4 employees$3.5Mraised▾
Association focused on payments, lending and other financial services
- Sep 2023Seed$2.4M
- Aug 2022Seed$1M
- 2022Seed$500K
#5
Seed · Lagos, Lagos · founded 2017 · 42 employees$7Mraised▾
Provider of a loan life cycle management software. It provides solutions for loan origination, loan monitoring, credit underwriting, portfolio management, customer acquisition, and fraud management. Its credit analysis platform uses predictive analytics and machine learning to identify and reject bad loans during the application and underwriting process.
- Jun 2022Seed$3M
- Oct 2021Seed$3.8M
- Dec 2020Seed—
- Sep 2020Seed$150K
#6
Seed · Lagos, Lagos · founded 2020$6Mraised▾
Core Banking service providing platform. It offers solutions such as account creation infrastructure, global payments and receiving transaction API, card infrastructure in multiple currencies, foreign exchange APIs, and others.
- Oct 2022Seed$6M
#7
Seed · Lagos, Lagos · founded 2021 · 9 employees$2.3Mraised▾
Payment processing solution for businesses. The company offers to send, direct charge, link, and recurring payment products. It allows users to send money across any business.
- Jun 2022Seed$2.1M
- 2021Seed$220K
#8
Series A · Lagos, Lagos · founded 2012$10Mraised▾
Digital Bank for Individuals and Businesses. It offers short-term loans on the basis of credit assessments. It also offers a Carbon account for online payments, money transfers, bill payments, business transactions, and more. App is available on iOS and Android devices.
- 2020Series A$10M
- Mar 2019Conventional Debt$5M
#9
Seed · Lagos, Lagos · founded 2019 · 56 employees$3.9Mraised▾
Digital bank for individuals. Its services include current accounts, money transfers, bill payments, cash withdrawals, NFC-enabled debit cards for online/offline purchases, and more. It also offers a specialized account for large-scale transactions. The application is available on Android and iOS platforms.
- Sep 2021Seed$3.8M
- Mar 2021Seed$125K
#10
Seed · Lagos, Lagos · founded 2019 · 43 employees$3.1Mraised▾
Digital bank for consumers and businesses. Its services include savings/current accounts, money transfers, bill payments, bill splitting, prepaid cards for individuals and businesses, inventory management, and more. It also provides personal finance management tools.
- Oct 2021Seed$3.1M
#11
Acquired · Lagos, Lagos · founded 2019 · 55 employees$1.7Mraised▾
Digital bank for businesses. Its services include current accounts, debit cards for online/offline purchases, payment solutions, and more. It features integrations with accounting software, recurring payments, and more. The application is available on Android and iOS platforms.
- Oct 2021Seed$1.7M
#12
Late Stage · Lagos, Lagos · founded 2013 · 2 employees$10Mraised▾
i.Sec provides access authentication middleware to protect customers from unwanted and malicious debits on their accounts and also enables the customer with the ability to either, approve transactions, decline them or report fraud real-time. Solution employs machine learning based artificial intelligence to adapt in real time to detect and provide alerts to prevent financial frauds and scams. Product is delivered via cloud as an API integration to exisiting websites. Products include i.Sec basic and pro which delivers authentication based on secure code, OTP and biometrics for financial transactions across all platforms. Features include compatibility with the international transaction, auditing & loggging capabilities and fraud reporting when a transaction is initiaited. Started with induction at technology innovation program launched by the Federal Ministry of Communication Technology, Nigeria. Company became part of National Anti-Fraud Solution and currently provides 2-factor authentication for the Nigeria Inter-Bank Settlement System (NIBSS).
- Mar 2014PE$10M
Funding & investor landscape
Notable founders
Market landscape — 10 sub-themes by coverage
Share of Banking Tech coverage by sub-theme.
Regulatory-risk over time rising
Funding & growth over time
funding rising · growth rising
What Lagos researches in fintech
Lagos institutions (University of Lagos, Lagos State University) research fintech primarily through financial inclusion and microfinance lenses, with a contested tone dominated by concerns over digital finance's developmental impact.
- University of Lagos11
- Lagos State University10
- Lagos State Health Service Commission1
Common questions
Rohit lives in the feed. He covers what's moving right now — the funding rounds, launches and shifts breaking across the trade press — and ties them back to where the sector is heading.