“Can a CBN-licensed microfinance bank scale a mainstream consumer neobank in Nigeria off the back of celebrity marketing and free P2P transfers?”
Kolomoni is the digital-banking product of Kolomoni Microfinance Bank Limited, a CBN-licensed Nigerian MFB backed by CapitalSage Holdings. It has expanded from a savings/investments/loans mobile app into a broader consumer neobank play with agency banking (via CreditAssist Investment Limited) and, most recently in 2026, a consumer-acquisition push targeting young Nigerians with free transfers and celebrity brand ambassadors.
Kolomoni discloses Kolomoni Microfinance Bank Limited (in-house) as its banking provider, according to the Embedded Finance Index 2026.
Kolomoni does not disclose a bank charter of its own; its banking services are provided through Kolomoni Microfinance Bank Limited (in-house).
Kolomoni processes payments through Kolomoni Payments (self-operated).
Kolomoni's lending and capital products are provided by Kolomoni Microfinance Bank Limited (in-house).
The Embedded Finance Index 2026 maps 3 layers in Kolomoni's stack: Payments / PSP (Kolomoni Payments (self-operated)); Banking / BaaS (Kolomoni Microfinance Bank Limited (in-house)); Lending (Kolomoni Microfinance Bank Limited (in-house), Salary Advance, Pay Day Loan, Emergency Loan and 5 others).
Kolomoni is headquartered in Ibadan, Nigeria.
Get a read on where your own stack stands against Kolomoni 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.