Letshego Microfinance Bank
“Can a pan-African microlender digitise into an inclusive finance platform serving 3 million+ customers across 11 markets?”
Founded1998
HQGaborone, Botswana
Total raised$73.6M
IndustryFintech / Lending
The story
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.
Last 12 months
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Product timeline
1998
Letshego Holdings incorporated in Gaborone, Botswana.· founding
2002
Publicly listed on the Botswana Stock Exchange.· ipo
2010
Letshego Microfinance Bank Nigeria first opens its doors.· banking
2016
Letshego Holdings acquires the Nigerian microfinance bank, making it a wholly owned subsidiary.· acquisition
2021
Partners with Panamax USA to launch LetsGoPAY digital account platform.· banking
2023
Launches LetsGo Green Lending in Nigeria to finance solar and eco-friendly products.· lending
Acquisitions
Regulated entities
3
regulatory licences held by Letshego Microfinance Bank
Licence types, jurisdictions and registered entities are in the Embedded Finance Index report.
The stack
3 layers disclosed in Letshego Microfinance Bank’s embedded-finance stack
Payments / PSP
LetsPay (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.