VFD Microfinance Bank
“Can a Nigerian microfinance bank operate as a fully digital consumer + SMB neobank under its own license?”
HQLagos, Nigeria
IndustryBank / Community
The story
VFD Microfinance Bank is a Lagos-headquartered, CBN-licensed microfinance bank operating consumer (VBank) and business (VBiz) digital banking propositions. The product focus is mobile-first retail and SMB banking, including consumer loans and USSD access, rather than offering BaaS/embedded finance infrastructure to third parties.
Last 12 months
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Product timeline
0
Launched VBank, a fully digital banking app under VFD MFB· banking
0
Launched VBiz, business banking proposition· banking
Regulated entities
1
regulatory licence held by VFD Microfinance Bank
Licence types, jurisdictions and registered entities are in the Embedded Finance Index report.
The stack
2 layers disclosed in VFD Microfinance Bank’s embedded-finance stack
Banking / BaaS
VFD Microfinance Bank Limited (in-house)
Lending
in the full report
Accounting gap: none
6 more providers across 1 layer, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.