Unified Payments
“Can a member-owned staff cooperative deliver rewarding savings, loans and asset-acquisition services to its Nigerian members?”
Founded2015
HQVictoria Island, Lagos, Nigeria
IndustryCooperative / Financial Services
The story
Unified Payments Cooperative is a Nigerian staff cooperative society (not to be confused with Unified Payment Services Ltd, the Nigerian payments processor, or Unified Payments the US merchant processor acquired years ago). It offers members savings, loans, property acquisition and commodity sales — essentially a mutual-aid financial services body rather than an embedded finance platform. There is no public evidence of external fintech vendor relationships.
Last 12 months
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Product timeline
2015
Established as a voluntary staff cooperative multipurpose society, registered with the Lagos State Ministry of Commerce, Industry and Cooperatives.· founding
Regulated entities
1
regulatory licence held by Unified Payments
Licence types, jurisdictions and registered entities are in the Embedded Finance Index report.
The stack
1 layer disclosed in Unified Payments’s embedded-finance stack
Lending
Unified Payments Cooperative (in-house)Member loansProperty acquisition financing
Accounting gap: none