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← Embedded Finance Index 2026/Countries/Nigeria

🇳🇬 Embedded finance in Nigeria

View 259 companies on the map →

259 companies headquartered in Nigeria are in the Embedded Finance Index. This page counts which embedded-finance layers they run, which providers they name and which licences they hold.

259
Companies analyzed
222 (86%)
Name at least one embedded-finance provider
171
Hold a licence issued in Nigeria
89
Significant or critical accounting-integration gap
Layer adoption

Which embedded-finance layers companies in Nigeria run

Companies that name at least one provider for the layer on a sourced page, out of 259.

Payments (PSP) · 56%
145
Lending / BNPL · 53%
138
Accounts / BaaS · 52%
134
Card issuing · 19%
49
FX / payouts · 16%
41
Insurance · 15%
40
Open banking / data APIs · 5%
14
KYC / fraud · 5%
12
Payroll · 4%
10
Crypto / stablecoin · 2%
6
Providers

The providers companies in Nigeria name most

Payments
15
8
5
4
4
3
Accounts / BaaS
4
4
3
1
HabariPay
1
1
Card issuing
2
1
1
GTP — Onafriq subsidiary
1
Lending / BNPL
2
Blue Ridge Microfinance Bank
1
CredPal
1
Airtel Nigeria BNPL
1
Zitra
1
Mines.io
1
Insurance
3
2
PAID Network
1
AXA Health
1
EFGH ConnectSure
1
Truthware Solutions
1
Open banking & data APIs
5
3
sPay
1
Embedly
1
1
Nigeria Inter-Bank Settlement System
1
KYC
2
QoreID
1
NIBSS BVN
1
Daon IdentityX
1
1
NIMC
1
FX / payouts
2
2
2
2
2
1
Sponsor banks
3
2
GTBank
1
Corestep Microfinance Bank
1
Finex Microfinance Bank
1
Dawakin Kudu Microfinance Bank
1
Licences issued in Nigeria

171 companies hold at least one; a company can hold several kinds.

Bank / credit institution
93
Insurance
21
Investment firm / crypto
1
Payment institution
1
Accounting systems they connect to

Companies that list a connector for the system.

Microsoft Dynamics 365 Business Central
2
Oracle
2
Sage
2
SAP
2
WooCommerce
2
Who they are
Fintech
127
Bank
49
Infrastructure
33
Vertical SaaS
17
Marketplace
8
IT Services
5
Horizontal SaaS
3
Telecom
3
Companies

Companies headquartered in Nigeria

9jaPay9mobile9PSB_NGAB Microfinance Bank Nigeria LimitedAbbey Bank PlcAccelerexAccelerex NetworkAccess Holdings PlcAccion Microfinance Bank LimitedAddosser Microfinance BankAdvans NigeriaAellaAFEXAfrica Prudential PlcAfrican Alliance InsuranceAfriCredAIICO INSURANCE PLCAirtel NigeriaAirvend (formerly Callphone)AjoCardAkuALATALAT by WEMAAlert GroupAlerzoAltBankApex Network LimitedARCA Payments Company LTD.Assets Microfinance BankAutochek AfricaAutochek NigeriaAutoCredit PaymentBambooBank of Industry LimitedBank78Baobab NigeriaBaxi by OnafriqBeyond Credit LimitedBitnobBlocBlocMFBBlueRidge Micro Finance BankBlusalt Financial Services LimitedBoundlessPayBrassBudPayBumpaBushaC&I Leasing PlcCarbonCars45 NigeriaChams HoldcoConsolidated Hallmark Insurance LtdCOOLBUCKSCoralPay Technology (Nig) LimitedCorebank NigeriaCornerstone Insurance PlcCoronation GroupCoronation Insurance Plc.Coronation Merchant BankCowrywiseCREDIT DIRECT LIMITEDCreditville GroupCredPal (YC W19)Custodian Life Assurance LtdDevelopment Bank of Nigeria PlcDiamond Bank PlcDigitvantPayDukkaEcobank NigeriaEgorasErrandPayeTranzact PLCEyowoFairMoneyFairMoney BusinessFast Credit LimitedFEDERAL MORTGAGE BANK OF NIGERIA (FMBN)Fewchore Finance Company LimitedFidelity Bank PLCFinaTrust Microfinance BankFinTrak SoftwareFirst AllyFirst City Monument Bank LimitedFMDQ GroupFSDH Merchant BankGlobus BankGreenwich Merchant BankGT BankHeirs Insurance GroupHelium HealthHeritage Bank PlcHerVestHope PSBankHydrogenIndicinaInfraCreditIntelligraInterswitchipNX Nigeria LimitedJaiz Bank PlcKeystone Bank LimitedKippaKlashaKobo360Koins MFBKolomoniKonga GroupLAPO MicrofinanceLeadwayLenco (YC W22)LidyaLOTUS BankMintyn | Online BankingMkobo BankMoMo PSBMONEYFIELD MICROFINANCE BANKMoniepointMonoMTN NigeriaMutual Benefits Assurance Plc.Mutual Trust MFBank LimitedMyCover.aiNEM Insurance PLCNewedge FinanceNigeria Inter-Bank Settlement System PLCNigerian Export Import Bank - NEXIMNIRSAL ConnectNIRSAL Microfinance BankNombaNoor Takaful Insurance LimitedNOVA BankNowNowNsiaO3 Capital Nigeria Limited (O3 Cards)OkraOmniOmniBiz AfricaOmniPayOne Finance & InvestmentOnePipeOPayOptimus BankPage FinancialsPaidHRPalmcredit NGPalmPayPALMPAY HRParallex BankPayazaPayhippoPaystackpayZeep (Paymi Solutions)PiggyVestPocketAppPolaris Bank Ltd.PremiaBNPrinceps Credit Systems LimitedProvidus BankQoreQuickCheckRedtechReliance HealthRemitaRenda AfricaRenmoneyRisevestRivyRoqquRosabon Financial ServicesSabiSalesRubySanlam NigeriaSanlamAllianz Nigeria Insurance LtdSapphireCreditSEAMFIXSeamlessHRSeerBitSelarSID DigitalSignature BankSkye Bank PlcSmartcash PSBSparkleSparkle NigeriaSQUADStanbic IBTCSterling BankSudo AfricaSunFiSunTrust Bank Nigeria LtdSwwipe Financial Services LimitedSycamoreSycamore.NGSystemSpecs GroupTAJBank Ltd.Tangerine AfricaThriveAgricTingo MobileTouch and Pay Technologies Ltd (YC W22)TradeTraders of Africa (TofA)Transsnet FinancialUnified PaymentsUnion Bank of Nigeria (Formerly Titan Trust Bank)VeendHQ (Techstars '23)VendeaseVendease AfricaVerifyMe NigeriaVFD Group PlcVFD Microfinance BankVPay AfricaVULTeWakanowWapic Insurance Plc.Waya BankWayaLinksWema BankWema Bank Plc.WSTC Financial Services LimitedXend FinanceXpress Payment Solutions LtdZedcrest GroupZedvance Finance LimitedZone
Other countries
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