“Can a Lagos-based indigenous software vendor become the default core-banking and credit-risk platform for tier-2 African financial institutions?”
Founded 2005 as Farsight Consulting Services in Lagos, then rebranded to Fintrak Software in 2010 to focus on selling packaged financial technology products (core banking, credit risk, financial reporting, ePayment gateway) to African banks and microfinance institutions. Fintrak is a B2B software vendor to financial institutions — NOT an embedded-finance operator itself. Products are typically deployed on-premise, cloud, or hybrid at the customer's site. In 2024 it launched Credit Risk 360, positioning around AI-enabled credit risk analytics.
FinTrak Software processes payments through FinTrak ePayment Solution (self-operated).
The Embedded Finance Index 2026 maps 2 layers in FinTrak Software's stack: Payments / PSP (FinTrak ePayment Solution (self-operated)); Lending (Credit Risk 360 (AI-powered credit risk management platform, IFRS 9 compliant)).
FinTrak Software is founded in 2005 and headquartered in Lagos, Nigeria.
Get a read on where your own stack stands against FinTrak Software 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.