Best Banking Tech Companies in Nigeria
The 85 best Banking Tech companies in Nigeria in 2026, ranked by funding and momentum. Funding, investors, founders, valuation, tech stack and live signals. Top: Kuda.
- IDC
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 Nigeria
| # | Company | Disclosed funding | Last round | Employees | Founder | Tech stack | Web popularity | Recent signals |
|---|---|---|---|---|---|---|---|---|
| 1 | Kuda Provider of a digital bank for individuals | $92M | 58 mo ago | 450 | — | Windows ServerMicrosoft ASP.NETReact Router+24 | Top 500k | — |
| 2 | FairMoney Provider of a digital microfinance bank for individuals | $57M | 56 mo ago | — | Laurin Hainy Co-Founder & CEO | WebflowNode.jsGSAP+22 | Top 500k | — |
| 3 | Carbon Digital Bank for Individuals and Businesses. | $10M | 72 mo ago | — | Ngozi Dozie Co-Founder | ZohoRadix UITailwind CSS+23 | Top 1M | — |
| 4 | i.Sec AI based financial fraud detection solutions | $10M | 147 mo ago | 2 | Kayode Disu Founder | — | — | — |
| 5 | Indicina Technologies Provider of a loan life cycle management software | $7M | 48 mo ago | 42 | Yvonne Johnson Co-Founder & CEO | WordPressMySQLPHP+28 | Top 50M | 1 internship · 1 launch |
| 6 | Maplerad Core Banking service providing platform | $6M | 44 mo ago | — | Miracle A Founder | SentryNode.jsZoho+11 | Top 5M | — |
| 7 | Shekel Provider of the marketplace offering inventory loans and digital banking for automobile businesses | $5M | 31 mo ago | 8 | — | SentryNode.jsTailwind CSS+13 | Top 50M | — |
| 8 | Okra API-based open banking solutions | $4M | 62 mo ago | 54 | Fara Jituboh Co-Founder & CEO | Apple iCloud MailGoogle WorkspaceNode.js+17 | Top 10M | — |
| 9 | OnePipe Operator of a fintech platform intended to integrate banking and financial services into one unified bundle. | $4M | 39 mo ago | 46 | — | WordPressMySQLPHP+23 | Top 50M | — |
| 10 | Prospa Digital bank for individuals | $4M | 57 mo ago | 56 | — | WordPressMySQLPHP+22 | Top 10M | — |
| 11 | payforce network App-based platform offering correspondent banking services | $4M | 52 mo ago | — | Tomi Ayordine Co-Founder & CEO | Node.jsMUITailwind CSS+9 | Top 1M | — |
| 12 | Anchor Association focused on payments, lending and other financial services | $4M | 33 mo ago | 4 | Gbekeloluwa Simeon Co-Founder | WebflowGSAPCloudflare+16 | Top 5M | 1 launch |
| 13 | Sparkle Digital bank for consumers and businesses | $3M | 56 mo ago | 43 | — | Node.jsstyled-componentsEmotion+12 | Top 5M | 1 launch · 1 partnership |
| 14 | Thepeer Payment processing solution for businesses | $2M | 48 mo ago | 9 | Chike Ononye Co-Founder | — | — | — |
| 15 | Brass Digital bank for businesses | $2M | 56 mo ago | 55 | Sola Akindolu Founder & CEO | SentryZendeskGSAP+14 | Top 10M | — |
| 16 | Bloc Open banking suite | $1M | 82 mo ago | 48 | Edmund Olotu Founder & CEO | Node.jsTailwind CSSNext.js+9 | Top 10M | — |
| 17 | TechAdvance Provider of payment facilitation solutions for businesses | $1M | 82 mo ago | 82 | — | — | — | 1 launch |
| 18 | Blackcopper P2P marketplace for consumer and business loans | $630K | 25 mo ago | 44 | Azeez Oluwafemi Co-Founder | — | — | — |
| 19 | VeendHQ Developer of a cloud-based automated loan management platform for lenders | $330K | 48 mo ago | 22 | Ebenezer Ajayi Co-Founder | Node.jsZohoChakra UI+15 | Top 5M | 1 job opening |
| 20 | CreditChek Developer of a credit data aggregating platform | $240K | 16 mo ago | 8 | Lionel Orishane Co-Founder | Node.jsReactNext.js+16 | Top 50M | — |
| 21 | MMIT Online Mobile apps for POS | $220K | 165 mo ago | 10 | Jide Akindele CEO | — | — | — |
| 22 | Kredi Bank Provider of digital financial services for individuals and businesses | $180K | 45 mo ago | 24 | — | WordPress Block EditorElementorWordPress+16 | Top 5M | 1 award |
| 23 | Fundall Digital bank for individuals & businesses | $150K | 68 mo ago | 25 | Kolapo Joseph Founder | Node.jsZohoIntercom+15 | Top 50M | — |
Top 12 Banking Tech companies in Nigeria
#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
Series B · Ikeja, Lagos · founded 2017$57Mraised▾
Provider of a digital microfinance bank for individuals. It provides users with a platform that offers financial products including savings accounts, prepaid cards, money transfers, bill payments, consumer and business loans, and more. It also features POS devices, fixed deposits, savings calculators, loan calculators, and expense management tools. Its app is available for Android and iOS users. It make it easy for users to apply for a loan and receive your loan into your bank account in minutes.
- Oct 2021Series B—
- Jul 2021Series B$42M
- Sep 2019Series A$11.1M
- 2018Seed$1.4M
#5
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
#6
Seed · Lekki, Lagos · founded 2020 · 44 employees$630Kraised▾
P2P marketplace for consumer and business loans. It offers a platform that enables individuals and businesses to lend and borrow money for personal and business purposes with customized terms, amounts, and repayment options. The application is available on Android and iOS platforms.
- May 2024Seed$220K
- Jul 2022Seed$630K
#7
Seed · Nigeria · founded 2018 · 46 employees$4.5Mraised▾
Operator of a fintech platform intended to integrate banking and financial services into one unified bundle. The company's platform aggregates APIs from banks and fintech into a standardized gateway that is easy to integrate as well as offers multiple integrations and bank transfers, enabling clients to have seamless integrations between the bank and other fintech.
#8
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
#9
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
#10
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
#11
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
#12
Acquired · Abuja, Federal Capital Territory · founded 2019$3.6Mraised▾
App-based platform offering correspondent banking services. It offers banking services to the underbanked population of Nigeria through a network of agents and allows them to open accounts, save, deposit, pay, transfer, take loans, and other related services. It allows agents with all the features required to offer banking services such as payment collection, amount settlements, managing multiple accounts, and more.
- Feb 2022Seed$3.6M
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
How research on Fintech is moving in Nigeria
A read on the academic research around Fintech — which themes are gaining ground, the institutions and researchers driving them, and how the tone is shifting. Based on 277 Nigeria-affiliated papers.
- Enugu State University of Science and Technology17
- National Open University of Nigeria15
- University of Nigeria13
- The Federal Polytechnic, Ado-Ekiti13
- Lead City University12
- Financial services6
- Financial inclusion4
- Panel data2
- Corporate governance2
- Leverage (statistics)2
- Financial services2→83
- Payment2→21
- Financial literacy2→14
- Database transaction2→13
- Payment2→19
- Government (linguistics)4→11
- Descriptive statistics2→5
Where fintech is researched across Nigeria
Location clusters by institution affiliation — each city's volume, stance tone, and a quick read on its hot topic, what's advancing, the opening opportunity, and the main concern.
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.