payZeep (Paymi Solutions)
“Can a CBN-licensed agency-banking + POS platform become the payments backbone for Africa's informal and everyday economy?”
Founded2021
HQLagos, Nigeria
FoundersTimilehin Oloruntoba
IndustryFintech / Payments
The story
Founded 2021 as Paymi Solutions, a CBN-licensed Nigerian fintech serving merchants, banks and government agencies. Evolved into a consumer-facing payments brand — payZeep — targeting POS agents, e-hailing drivers, and SMB merchants across Nigeria with agency banking, POS/MPOS terminals, USSD and online checkout. Backed by Cavista Holdings as its fintech arm, it is now expanding across Africa starting with Botswana.
Last 12 months
Product timeline
2021
Founded as Paymi Solutions in Lagos, Nigeria to offer payment services to merchants, banks and government agencies.· founding
2024
Rebranded and expanded consumer/merchant products under the payZeep brand (POS, MPOS, mini card reader, mobile app).· pivot
2026
Expanded operations to Botswana, first market outside Nigeria.· expansion
Regulated entities
1
regulatory licence held by payZeep (Paymi Solutions)
Licence types, jurisdictions and registered entities are in the Embedded Finance Index report.
The stack
2 layers disclosed in payZeep (Paymi Solutions)’s embedded-finance stack
Payments / PSP
payZeep Payment Gateway (self-operated)payZeep POS (self-operated)payZeep MPOS (self-operated)payZeep Mini Card Reader (self-operated)
Banking / BaaS
in the full report
Accounting gap: significant
1 more provider across 1 layer, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.