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Nsia Group

Can a West African banking and insurance conglomerate digitally transform its multi-country franchise to become the dominant bancassurance and SME finance platform across WAEMU?

HQAbidjan, Côte d'Ivoire
IndustryFintech / SMB banking
The story

NSIA Group is a major West/Sub-Saharan African financial conglomerate operating across banking, insurance, and asset management. The group expanded its banking footprint significantly with the 2022 acquisition of four Sanlam Group African subsidiaries into its NSIA Finance arm. It is currently executing a digital transformation strategy via the SBS core banking platform and expanding SME credit access through structured securitization transactions across WAEMU markets, while also attracting international impact capital for green and financial-inclusion lending.

Last 12 months
2025-05
2025-06
2025-01
Product timeline
2020
NSIA Banque CI executed a 40 billion CFA francs (~$70 million) receivables securitization transaction in Côte d'Ivoire to expand SME lending.· lending
2022
NSIA Finance (asset management arm) completed the acquisition of four African subsidiaries of Sanlam Group, expanding its Sub-Saharan Africa footprint.· acquisition
2022
NSIA Finance selected RightCom to digitalize customer experience across digital channels.· banking
2025
responsAbility invested approximately EUR 35 million (EUR 15M debt + EUR 20M green facility) in NSIA Banque CI to support SME finance and green lending.· lending
2025
NSIA Group tapped SBS (Software & Banking Solutions) platform to drive digital transformation across Africa.· banking
2025
NSIA Banque announced plans to launch multiple securitization transactions across WAEMU markets (Côte d'Ivoire, Benin, Guinea, Senegal, Togo) to boost SME lending.· lending
Regulated entities
Commercial Bank
Côte d'Ivoire (BCEAO/WAEMU)
NSIA Banque CI
Commercial Bank
Senegal (BCEAO/WAEMU)
NSIA Banque Sénégal
The stack
Banking / BaaS
SBS (Software & Banking Solutions)
Lending
Crédit Spot (short-term business credit)Avance sur produit gagé / ASPG (agricultural commodity-backed advance)Solutions de crédit-bail (leasing/equipment finance)SME term loansReceivables securitization (40B CFA francs pilot 2020; 2025 WAEMU rollout)Consumer loans (CFA 200,000–100,000,000, tenor 1–84 months)
Accounting gap: none