9jaPay
“Can an in-house-licensed Nigerian microfinance bank become the everyday lifestyle-and-payments super-app for consumers and SMBs?”
Founded2021
HQLagos, Nigeria
IndustryFintech / Neobank
The story
9jaPay is a Nigerian consumer-and-SMB neobank operated by Africa Fintech Limited (with a UK entity 9JAPAY UK LIMITED). Banking services sit on its own CBN-licensed subsidiary, 9jaPay Microfinance Bank Limited (RC 787934) — meaning the company runs its own bank charter rather than relying on a third-party BaaS provider. The product is positioned as a 'lifestyle + finance' super-app covering payments, savings, bill pay, airtime/data, event tickets, flights, and merchant/business banking. Cryptocurrency is explicitly excluded per CBN restrictions.
Last 12 months
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Product timeline
2021
Africa Fintech Limited founded, launching the 9jaPay platform in Nigeria· launch
2023
Launched personal and business banking services via 9jaPay Microfinance Bank Limited, including savings, bill payments, and merchant banking· banking
Regulated entities
1
regulatory licence held by 9jaPay
Licence types, jurisdictions and registered entities are in the Embedded Finance Index report.
The stack
2 layers disclosed in 9jaPay’s embedded-finance stack
Payments / PSP
9jaPay Microfinance Bank (in-house)
Banking / BaaS
in the full report
Accounting gap: significant
1 more provider across 1 layer, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.