AltBank
“Can a Shariah-compliant alternative finance bank scale in Nigeria via a digital-first mobile app?”
HQLagos, Nigeria
IndustryFintech / Neobank
The story
AltBank is a digital banking product operated by Sterling Alternative Finance (SAF), the non-interest (Islamic/alternative finance) arm of Sterling Bank in Nigeria. It offers a mobile banking app with debit/credit/virtual cards, plus AltPay payments, targeting customers who want Shariah-compliant/alternative finance banking.
Last 12 months
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The stack
1 layer disclosed in AltBank’s embedded-finance stack
Banking / BaaS
Sterling Alternative Finance (in-house)
Accounting gap: none