Mkobo Bank
“Can a Nigerian microfinance bank become the default digital bank and embedded credit rail for economically active Africans?”
Founded2015
HQYaba, Lagos, Nigeria
IndustryFintech / Neobank
The story
Founded in 2015 as a Nigerian digital microfinance bank targeting salary earners with short-term emergency loans, Mkobo has expanded into a full-stack neobank for 'economically active Africans.' It layered on a high-yield deposit account (up to 5% p.a. on daily balance), micro-lending for small businesses, and a business suite covering payroll, treasury and bulk payments. Recent partnerships (e.g. Tida Retail) signal a push into embedded merchant financing.
Product timeline
0
Launched emergency loans (up to ₦250,000) and Micro Booster loans (₦100K–₦1M) for small businesses.· lending
0
Launched Mkobo for Business with payroll, treasury, bulk payments and payroll financing.· banking
2015
Mkobo Technologies founded in Lagos, Nigeria as a digital microfinance bank.· banking
2025
Partnered with Tida Retail to finance RetailOS device acquisition and inventory for SMB merchants.· lending
Regulated entities
2
regulatory licences held by Mkobo Bank
Licence types, jurisdictions and registered entities are in the Embedded Finance Index report.
The stack
4 layers disclosed in Mkobo Bank’s embedded-finance stack
Banking / BaaS
Mkobo Microfinance Bank (in-house)
Lending
in the full report
Payroll
in the full report
Insurance
in the full report
Accounting gap: significant
7 more providers across 3 layers, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.