← Embedded Finance Index 2026

Globus Bank

“Can a young Nigerian commercial bank become the preferred balance sheet behind Nigeria's fintech ecosystem through embedded APIs and merchant-data lending partnerships?”

Founded2019
HQLagos, Nigeria
IndustryBank / National
The story

Globus Bank is a Nigerian commercial bank founded in 2019, positioning itself as a digital-first challenger to legacy Nigerian banks. It offers the full stack of retail, SME/emerging-business, and wholesale banking, and has moved deliberately into embedded finance — publishing its own sandbox and public APIs (account opening, virtual accounts, funds transfer, card, reconciliation) for fintech partners, and running a merchant Payment Gateway. Its embedded-finance flagship is the credit partnership with fintech Nomba, where Globus provides the balance-sheet capital for working-capital loans underwritten against Nomba merchant transaction data.

Last 12 months
2025
Product timeline
2019
Globus Bank Limited licensed by the Central Bank of Nigeria as a digitally-driven commercial bank.· banking
2025
Nomba–Globus Bank SME lending partnership discloses N21.3B disbursed to merchants with sub-1% NPL over 18 months.· lending
Regulated entities
1
regulatory licence held by Globus Bank
Licence types, jurisdictions and registered entities are in the Embedded Finance Index report.
The stack
6 layers disclosed in Globus Bank’s embedded-finance stack
Payments / PSP
Globus Bank Payment Gateway (self-operated)
Banking / BaaS
in the full report
Card issuing
in the full report
Card network
in the full report
Lending
in the full report
FX & payouts
in the full report
Accounting gap: significant
11 more providers across 5 layers, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.