“Can a pan-African microlender digitise into an inclusive finance platform serving 3 million+ customers across 11 markets?”
Letshego started in 1998 as a Botswana-based microlender focused on payroll-deduction loans to government employees, listed on the BSE in 2002, and expanded across 11 African markets. Since 2016 it has pursued a digital transformation, using acquisitions like the Nigerian MFB and a partnership with Panamax to build the LetsGoPAY / LetsGo digital mall — moving from a pure microlender into a pan-African inclusive digital finance group with banking, payments, and green lending arms.
Letshego Microfinance Bank discloses Letshego Bank Namibia Limited (in-house), Letshego Microfinance Bank Nigeria (in-house) and Panamax as its banking providers, according to the Embedded Finance Index 2026.
Letshego Microfinance Bank does not disclose a bank charter of its own; its banking services are provided through Letshego Bank Namibia Limited (in-house), Letshego Microfinance Bank Nigeria (in-house) and Panamax.
Letshego Microfinance Bank processes payments through LetsPay (self-operated).
Letshego Microfinance Bank's lending and capital products are provided by Letshego (in-house).
The Embedded Finance Index 2026 maps 3 layers in Letshego Microfinance Bank's stack: Payments / PSP (LetsPay (self-operated)); Banking / BaaS (Letshego Bank Namibia Limited (in-house), Letshego Microfinance Bank Nigeria (in-house) and Panamax); Lending (Letshego (in-house), LetsGo Green Lending, Working capital loans, Housing loans and 3 others).
Letshego Microfinance Bank is founded in 1998 and headquartered in Gaborone, Botswana.
Letshego Microfinance Bank has raised $73.6M in total.
Letshego Microfinance Bank's acquisitions include Letshego Microfinance Bank Nigeria (formerly FBN Microfinance Bank) (2016).
Get a read on where your own stack stands against Letshego Microfinance Bank 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.