“Can a small CBN-licensed microfinance bank use a digital app to serve Nigeria's underbanked salary earners, petty traders and MSMEs at scale?”
Corebank is the digital fintech front-end of Corestep Microfinance Bank, a CBN-licensed microfinance bank in Nigeria. It offers savings, investments, bill payments, collections, loans (MSME, salary, thrift, bridge finance) and advisory services — targeting individuals, MSMEs and market/trade clusters. The parent MFB license lets Corebank operate its own banking rails without a separate BaaS provider.
Corebank Nigeria discloses Corestep Microfinance Bank (in-house) as its banking provider, with Corestep Microfinance Bank as its sponsor bank, according to the Embedded Finance Index 2026.
Corebank Nigeria does not disclose a bank charter of its own; its banking services are provided through Corestep Microfinance Bank.
Corebank Nigeria's lending and capital products are provided by Corestep Microfinance Bank (in-house).
The Embedded Finance Index 2026 maps 3 layers in Corebank Nigeria's stack: Banking / BaaS (Corestep Microfinance Bank (in-house)); Lending (Corestep Microfinance Bank (in-house), CoreSalad (salary-earner advance), CoreSME Loan, CoreThrift Advance and 2 others); Sponsor bank (Corestep Microfinance Bank).
Corebank Nigeria is founded in 2010 and headquartered in Ikeja, Lagos, Nigeria.
Get a read on where your own stack stands against Corebank Nigeria 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.