SunTrust Bank Nigeria Ltd
“Can a small Nigerian challenger bank turn itself into an embedded finance rail for local fintechs by exposing its banking APIs through partners like OnePipe?”
Founded2016
HQLagos, Nigeria
IndustryBank / National
The story
SunTrust Bank Nigeria was licensed in 2016 as the first fresh CBN banking license since 2001, positioning itself as a digital-first challenger with a minimal branch network. It has focused on SME finance, retail/consumer banking and corporate finance, then extended into embedded finance in 2021 by partnering with OnePipe to publicly expose its APIs via the TrustPay gateway. A Trustwallet merchant platform hints at continued expansion of its BaaS-style offerings for fintechs and merchants.
Last 12 months
—
Product timeline
2016
Licensed by CBN as a Regional Commercial Bank — first fresh banking license issued since 2001.· banking
2021
Launched TrustPay API gateway in partnership with OnePipe to expose SunTrust APIs to fintechs.· banking
Regulated entities
1
regulatory licence held by SunTrust Bank Nigeria Ltd
Licence types, jurisdictions and registered entities are in the Embedded Finance Index report.
The stack
7 layers disclosed in SunTrust Bank Nigeria Ltd’s embedded-finance stack
Payments / PSP
Banking / BaaS
in the full report
Card issuing
in the full report
Card network
in the full report
Lending
in the full report
Open banking
in the full report
FX & payouts
in the full report
Accounting gap: none
12 more providers across 6 layers, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.