Assets Microfinance Bank
“Can a small Nigerian microfinance bank scale affordable salary-earner lending through digital channels while operating on its own charter?”
Founded2018
HQLagos, Nigeria
IndustryBank / Community
The story
Assets Microfinance Bank was founded in 2018 in Lagos as a CBN-licensed, NDIC-insured microfinance (tier-1 deposit mobilization) bank. Its core product is personal loans for salary earners, with savings and deposit products alongside. The bank positions itself as a digitally-forward, value-based lender to underbanked Nigerians rather than an embedded-finance infrastructure provider.
Last 12 months
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Product timeline
2018
Founded as a licensed microfinance bank in Nigeria, focused on personal loans for salary earners.· banking
Regulated entities
1
regulatory licence held by Assets Microfinance Bank
Licence types, jurisdictions and registered entities are in the Embedded Finance Index report.
The stack
2 layers disclosed in Assets Microfinance Bank’s embedded-finance stack
Banking / BaaS
Assets Microfinance Bank Limited (in-house)
Lending
in the full report
Accounting gap: none
2 more providers across 1 layer, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.