Kolomoni
“Can a CBN-licensed microfinance bank scale a mainstream consumer neobank in Nigeria off the back of celebrity marketing and free P2P transfers?”
HQIbadan, Nigeria
IndustryFintech / Neobank
The story
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.
Product timeline
2024
Kolomoni Business Banking (agency banking) app first public release under CreditAssist Investment Limited.· banking
2026
Launched 'Take Control with Kolomoni' campaign, offering free transfers for Nigerians aged 25 and below; unveiled Yoruba movie-star brand ambassadors.· pivot
Regulated entities
1
regulatory licence held by Kolomoni
Licence types, jurisdictions and registered entities are in the Embedded Finance Index report.
The stack
3 layers disclosed in Kolomoni’s embedded-finance stack
Payments / PSP
Kolomoni Payments (self-operated)
Banking / BaaS
in the full report
Lending
in the full report
Accounting gap: none
10 more providers across 2 layers, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.