“Can a technology-led microfinance bank drive financial inclusion for Nigerian SMEs and individuals underserved by commercial banks?”
Koins is a Nigerian microfinance bank founded in 2013, licensed by the Central Bank of Nigeria and offering savings, loans, and business banking products with a focus on financial inclusion. Workforce is distributed across Nigeria, the UK, and Poland, suggesting technology development is offshored.
Koins MFB discloses Koins Microfinance Bank Limited (in-house) as its banking provider, according to the Embedded Finance Index 2026.
Koins MFB does not disclose a bank charter of its own; its banking services are provided through Koins Microfinance Bank Limited (in-house).
Koins MFB's lending and capital products are provided by Koins Microfinance Bank Limited (in-house).
The Embedded Finance Index 2026 maps 2 layers in Koins MFB's stack: Banking / BaaS (Koins Microfinance Bank Limited (in-house)); Lending (Koins Microfinance Bank Limited (in-house), Swift Cash (Individual), Swift Cash (Group Loan), Koins Education Finance and 8 others).
Koins MFB is founded in 2013 and headquartered in Lagos, Nigeria.
Get a read on where your own stack stands against Koins MFB 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.