“Can a CBN-licensed microfinance bank become the primary banking-as-a-service layer for Nigerian SMBs?”
BlocMFB (aliases: Techadvance, BlocHQ) is a Nigerian technology-led microfinance bank offering banking-as-a-service to SMBs. It provides virtual accounts, transfers, online payments, payment links, POS terminals, bills payment, cards, and working capital lending, positioning itself as an SMB-focused digital MFB rather than a pure BaaS API layer.
BlocMFB discloses BlocMFB (in-house) as its banking provider, according to the Embedded Finance Index 2026.
BlocMFB does not disclose a bank charter of its own; its banking services are provided through BlocMFB (in-house).
BlocMFB processes payments through BlocMFB Payments (self-operated).
BlocMFB's cards are issued through BlocMFB (in-house).
BlocMFB's lending and capital products are provided by BlocMFB Capital (in-house).
The Embedded Finance Index 2026 maps 4 layers in BlocMFB's stack: Payments / PSP (BlocMFB Payments (self-operated)); Banking / BaaS (BlocMFB (in-house)); Card issuing (BlocMFB (in-house)); Lending (BlocMFB Capital (in-house), Working capital financing for SMBs and Supplier payment financing).
BlocMFB is founded in 2009 and headquartered in Lagos, Nigeria.
BlocMFB has raised $1.1M in total (latest round: Seed (2021)).
Get a read on where your own stack stands against BlocMFB and the rest of its category — what they built versus bought, which providers they use, and where the gaps in your own strategy and competitive set actually are.