FinTrak Software
“Can a Lagos-based indigenous software vendor become the default core-banking and credit-risk platform for tier-2 African financial institutions?”
Founded2005
HQLagos, Nigeria
IndustryVertical SaaS / Core Banking
The story
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.
Last 12 months
Product timeline
2005
Founded as Farsight Consulting Services to serve financial institutions.· founding
2007
Incorporated as Farsight Systems Technologies Limited.· pivot
2010
Rebranded to Fintrak Software Company Limited.· pivot
2020
Awarded Fintech Company of the Year at Nigerian Business Leadership Awards.· award
2023
Achieved ISO 20000, 27001, 22301, 9001 certifications; listed among Nigeria's Top 50 Digital Economy Enablers.· certification
2024
Launched Credit Risk 360 — described as Africa's first AI-powered credit management software.· product_launch
The stack
2 layers disclosed in FinTrak Software’s embedded-finance stack
Payments / PSP
FinTrak ePayment Solution (self-operated)
Lending
in the full report
Accounting gap: none
1 more provider across 1 layer, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.