Corebank Nigeria
“Can a small CBN-licensed microfinance bank use a digital app to serve Nigeria's underbanked salary earners, petty traders and MSMEs at scale?”
Founded2010
HQIkeja, Lagos, Nigeria
IndustryFintech / SMB banking
The story
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.
Last 12 months
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Product timeline
2010
Corebank Nigeria founded as fintech platform of Corestep Microfinance Bank.· banking
Regulated entities
1
regulatory licence held by Corebank Nigeria
Licence types, jurisdictions and registered entities are in the Embedded Finance Index report.
The stack
3 layers disclosed in Corebank Nigeria’s embedded-finance stack
Banking / BaaS
Corestep Microfinance Bank (in-house)
Lending
in the full report
Sponsor bank
in the full report
Accounting gap: significant
7 more providers across 2 layers, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.