FinaTrust Microfinance Bank
“Can a state-licensed Nigerian microfinance bank digitize fast enough to defend SME lending against fintech neobanks?”
Founded2009
HQIkeja, Lagos, Nigeria
IndustryBank / Community
The story
Founded 2009 as a Lagos State-licensed microfinance bank under Nigeria's CBN framework. Became a subsidiary of Sri Lanka's LOLC Group, giving it a pan-emerging-markets parent. Currently in the middle of a 3-Year IT & Digital Transformation Roadmap (2026) aimed at blending physical branch banking with digital SME finance rails.
Product timeline
2009
Secured Microfinance Bank operating license from Central Bank of Nigeria and commenced operations in Lagos State.· banking
2025
Opened Odunade market branch in Orile as part of SME market penetration strategy under CEO Bevan Perera.· banking
2026
Entered execution phase of 3-Year IT & Digital Transformation Roadmap; hiring Head of IT.· pivot
Regulated entities
1
regulatory licence held by FinaTrust Microfinance Bank
Licence types, jurisdictions and registered entities are in the Embedded Finance Index report.
The stack
2 layers disclosed in FinaTrust Microfinance Bank’s embedded-finance stack
Banking / BaaS
FinaTrust Microfinance Bank Ltd. (in-house)
Lending
in the full report
Accounting gap: none
6 more providers across 1 layer, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.