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Nigeria’s 101 Fastest Growing Banking Startups

At Stamp Nigeria we track over 100,000 Nigerian startups and over 500,000 people who hold key positions in these companies. We use this directory of startups to highlight top employees, founders and organisations we think deserve more appreciation than they are currently getting.

We’ve ranked the top 101 Banking companies in Nigeria. The companies, startups and institutions listed in this article are all exceptional companies, well worth a follow. We have included links to their websites, socials and CrunchBase (if you’re interested in their financials).

We selected the organisations listed in this article based on:

  • Track record
  • Executive leadership
  • Market share
  • Innovation
  • ESG rating

Our Data – We source our data from OSINT (open source intelligence) and public directories such as CrunchbaseSemRush and many more. The data from these sources should be treated with a degree of caution and verified yourself.

Top Banking Companies & Startups (Nigeria)


Appzone Group

FoundersEmeka Emetarom, Obi Emetarom, Wale Onawunmi
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Founded in 2008, Appzone Africa’s no.1 Fintech Software Engineering firm has evolved into a payment infrastructure company. 

Our Layer-1 Blockchain network digitizes Fiat payments and enables the transition to digital currencies while connecting previously excluded financial institutions into an all-inclusive payment ecosystem.

In December of 2021, Appzone launched ZONE, Africa’s first decentralized payment network. ZONE allows participating institutions to connect directly with each other and perform payment transactions without an intermediary while completely automating settlement, reconciliation, and dispute management.

We are working with the brightest minds on the continent to digitize and completely automate financial services. Our Vision is for digital payments and Decentralized Finance to replace cash and traditional Banking in Africa.


Prospa

FoundersChioma Ugo, Frederik Obasi, Rodney Jackson-Cole
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Prospa is building a neobank for small companies in Nigeria.


Brass

FoundersEmmanuel Okeke, Sola Akindolu
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Brass is a digital bank that provides small and medium businesses with a suite of products and tools designed to help them grow.


Kuda

FoundersBabs Ogundeyi, Musty Mustapha
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Kuda is a licensed digital bank that offers free full service banking services to Africans.


TeamApt

FoundersTosin Eniolorunda
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TeamApt is a financial technology company focused developing Digital Banking, Business Solutions and Payments Infrastructure.


Union Bank of Nigeria

FoundersEmeka Emuwa
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Union Bank offers a full suite of banking products and services that include business banking, personal banking, treasury services.


Diamond Bank

FoundersPascal Dozie
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Diamond Bank is a Nigerian firm, driven by innovation and operating on the most advanced banking technology platform in the market.


First City Monument Bank

FoundersSubomi Balogun
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First City Monument Bank is a financial services company.


AB Microfinance Bank Nigeria

FoundersUnknown
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AB Microfinance Bank Nigeria is a foreign-owned financial institution, based in Lagos state, which offers a broad range of financial


Access Bank

FoundersUnknown
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Access Bank is a financial institution that provides financial services to retail, business, commercial, and corporate customers.


Ojirehprime Financial Services

FoundersEdoka Idoko
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Building a more transparent and customer focused bank that offers free debit cards, loans & innovative products that help you save


Fundall

FoundersKolapo Joseph
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Fundall offers access to financial products and services that help individuals and businesses spend, grow, and manage their wealth smartly.


LEKOIL LTD

FoundersOlalekan Akinyanmi
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Lekoil is an Africa focused oil and gas exploration and production company with interests in Nigeria and Namibia.


Kudi

FoundersAdeyinka Adewale, Pelumi Aboluwarin
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Kudi is a financial service provider that focuses on providing access to electronic banking and financial services.


Development Bank of Nigeria

FoundersAnthony Okpanachi
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Development Bank of Nigeria is a exists to alleviate financing constraints faced by Micro.


Glade

FoundersLiyi Victor
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Glade is a Fintech startup that provides banking services to small businesses to help them grow and manage their money more effectively.


Logiciel Ghana

FoundersFarida Bedwei
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Logiciel Ghana has the largest microfinance banking software platform in Ghana.


Chapel Hill Denham

FoundersUnknown
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Chapel Hill Denham is a leading independent investment banking, securities trading and investment management firm.


Nigeria Inter-Bank Settlement System

FoundersUnknown
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NIBSS provides the infrastructure for automated processing, settlement of payments and fund transfer instructions.


GUARANTY Trust Bank

FoundersOlutayo Aderinokun, Tajudeen Afolabi Adeola
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Guaranty Trust Bank is a Nigerian financial institution.


Central Bank of Nigeria

FoundersUnknown
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Central Bank of Nigeria is the central bank and apex monetary authority of Nigeria.


UBA Group

FoundersUnknown
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United Bank for Africa Plc provides corporate, commercial, and retail banking services in Nigeria, rest of Africa, and internationally.


ARM Pension Managers PFA

FoundersWale Odutola
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ARM Pension Managers PFA Limited (“ARM Pensions”), a subsidiary of ARM. ARM Pensions is Nigeria’s largest independent pension fund manager.


FBN Microfinance Bank

FoundersKlaus Mueller
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FBN Microfinance Bank Ltd. offers financial access to small scale industries, petty traders, artisans, and individuals in Nigeria.


Angala fintech

FoundersUnknown
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Angala fintech provides offline and online payments, lending, agency banking, insurtech, market access, and other financial services.


First Bank of Nigeria

FoundersAlfred Lewis Jones
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First Bank of Nigeria Limited (FirstBank) is Nigeria’s premier commercial bank and most valuable banking brand.


ALAT

FoundersNnamdi Azodo
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ALAT is an Internet first bank providing end-to-end banking services through an app and the web.


CRC Credit Bureau

FoundersUnknown
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CRC Credit Bureau Limited offers loans, credit reporting, credit risk, and credit information service provider services.


ErrandPay

FoundersUnknown
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ErrandPay is a financial technology company that offers payment solutions for urban areas using innovative technology.


ACCION Microfinance Bank

FoundersTaiwo Joda
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To economically empower micro-entrepreneurs and low income earners by providing financial services.


RIGO Microfinance Bank

FoundersUnknown
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RIGO Microfinance Bank deliver unequaled financial services through well trained and friendly workforce.


Parkway Projects

FoundersNnamdi Chineme
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Parkway is a leading financial technology provider creating modern banking experiences, proudly developed by Africans.


Sterling Bank

FoundersUnknown
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Sterling Bank Plc is the One Customer Bank dedicated to providing excellent banking services to clients and customers.


Intercontinental Bank

FoundersUnknown
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Intercontinental Bank is a commercial bank platform in Nigeria.


Oceanic Bank International

FoundersUnknown
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Oceanic Bank International provides various commercial banking services to corporate, commercial, and individual customers in Nigeria.


Fintrak Software

FoundersUnknown
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Fintrak Software is a global ICT organization providing technology and business solutions.


SmartTeller

FoundersUnknown
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SmartTeller is helping cooperative banks serve their customers better.


Piggyvest

FoundersAyo Akinola, Joshua Chibueze, Nonso Eagle, Odunayo Eweniyi, Somto Ifezue
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Piggyvest is a platform that helps individuals and businesses manage their finances effectively.


Abbey Mortgage Bank

FoundersUnknown
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Abbey Mortgage Bank is one of the leading and most profitable Primary Mortgage Institutions (PMI) in Nigeria.


MGSL Mortgage Bank Ltd

FoundersUnknown
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MGSL Mortgage Bank is a storied and reputable player in the mortgage banking industry in Nigeria.


Aladdin

FoundersUnknown
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Aladdin is an open digital bank that provides savings accounts, loans, payments, money transfers, trading, and other financial services.


SnapCredit

FoundersAmit Shur
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SnapCredit is an online lending platform that offers credit solutions to employees.


FBN Holdings

FoundersUnknown
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FBN Holdings is the non-operating financial holding company .


NPF Microfinance Bank

FoundersUnknown
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NPF Microfinance Bank provides services like remittances, credit and saving services, loans, non-financial services and more.


Heritage Bank PortaPOS

FoundersUnknown
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Heritage Bank is a leading Nigerian bank with an excellent service culture.


Sumotrust

FoundersGT Igwe Chrisent
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A savings and investment company for low and middle class earners


NOVA Merchant Bank

FoundersUnknown
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NOVA Merchant Bank is a financial service, and banking industry firm.


Airopay

FoundersUnknown
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Airopay is a digital banking platform that offers financial services.


LAPO Microfinance

FoundersUnknown
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LAPO Microfinance Bank is a pro-poor financial institution committed to the social and economic empowerment of low-income households.


Empire Trust MFB

FoundersUnknown
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Empire Trust MFB is a banking services provider.


Lion Bank Of Nigeria

FoundersUnknown
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Lion Bank Of Nigeria provides commercial banking services in Nigeria.


Afrinvest

FoundersUnknown
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Afrinvest (West Africa) Limited is a management majority-owned securities firm involved in investment banking, securities trading


Titan Trust Bank

FoundersUnknown
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Titan Trust Bank offers personal loans, checking accounts, saving accounts, debit cards, SME banking and internet banking services.


Keystone Bank

FoundersUnknown
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Keystone Bank is a full service commercial banking company that specializes in Commercial,Public Sector Financing & Retail Banking services.


Mintyn

FoundersUnknown
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Mintyn provides account opening, loan, financial, and banking services.


Accelerex Network

FoundersUnknown
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Accelerex Network delivers innovative and accessible financial service solutions through efficient agents to the underserved community.


Tellerpay

FoundersUnknown
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Tellerpay provides debit cards, savings, investments, end-to-end security, digital, and agency banking services.


Fortis Microfinance Bank

FoundersUnknown
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Fortis Microfinance Bank Plc provides micro finance banking services in Nigeria.


DavoDani Microfinance Bank

FoundersUnknown
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DavoDani Microfinance Bank is a CBN that offers multiple types of loans.


SunTrust Bank Nigeria

FoundersUnknown
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SunTrust Bank is a commercial bank that provides banking and financial services to customers.


ProvidusBank

FoundersUnknown
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ProvidusBank provides business advisory, portfolio management, personalized relationship management and financial services.


African Founders

FoundersChristian Keller
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Delivering disruptive apps and internet services for African markets


Haggai Mortgage Bank

FoundersUnknown
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Haggai Mortgage Bank is a mortgage bank that provides banking, financial and mortgage services.


Kayvee Microfinance Bank

FoundersUnknown
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Kayvee Microfinance Bank is a digital Microfinance Bank operating under the license of Centra Bank of Nigeria.


Regency Alliance Insurance Company

FoundersUnknown
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Regency Alliance Insurance provides general insurance products to corporate and individual clients in Nigeria and Ghana.


Zoto

FoundersUnknown
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Zoto is Nigeria’s fastest growing mobile digital wallet/payments venture changing the way people pay for for online & offline services


Malaik

FoundersUnknown
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Impact focused equity crowdfunding platform for African start ups. Track your investment’s SDG metrics with unique impact tracker.


Mobile Money Africa

FoundersUnknown
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Mobile Money Africa is a financial institution involved in banking,mobile financial services.


Mamamoni

FoundersUnknown
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Mamamoni is a social enterprise that provides financial services to rural and poor women in Africa.


Coronation Merchant Bank

FoundersUnknown
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Coronation Merchant Bank provides banking solutions to the needs of corporations, governments and other financial services.


JostPay

FoundersUnknown
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JostPay is a digital payment solutions company specializing in bitcoins and helps with buying and selling cryptocurrencies.


Elixir Investment Partners

FoundersUnknown
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Elixir Investment Partners provides investment and asset management services.


Interstate Securities

FoundersUnknown
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Interstate Securities is a financial service company.


Radix Capital Partners

FoundersUnknown
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Radix Capital Partners is an investment banking institution.


PayCentre

FoundersUnknown
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PayCentre is an agent banking solution platform that offers financial services to the unbanked and financially underserved.


TrustBanc Financial Group

FoundersUnknown
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TrustBanc Financial Group renders loans, banking, credit, and other financial services.


First Registrars & Investor Services

FoundersUnknown
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First Registrars & Investor Services offers KYC, address verification, electronic voting, and registrar services.


Purplemoney

FoundersUnknown
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Purplemoney is a microfinance bank offering financial products and services to individuals, conglomerates, and enterprises.


Nearest Locator

FoundersUnknown
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Looking for the closest ATM, Bank or a bank branch, eatery, hospital, pharmacy, police station in the city, remote part of town or an


Wema Bank

FoundersUnknown
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Wema Bank is a provider of digital banking services.


George Ikoli and Okagbue

FoundersUnknown
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George Ikoli & Okagbue was established in 1996 as a direct response to the dynamic challenges of a growing and expanding economy.


ASO Savings & Loans

FoundersUnknown
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ASO Savings & Loans is a mortgage bank that offers products such as individual & business banking solutions, home finance solutions.


Kolobox

FoundersUnknown
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Kolobox is a web application that offers fund investment options and management with an e-wallet service.


Options

FoundersUnknown
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Options is a comparison site for banking and loans.


Alpha Morgan Capital

FoundersUnknown
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Alpha Morgan Capital specializes in global wealth management, private banking, investment banking, stockbroking, and security services.


3Line

FoundersUnknown
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3Line offers payment platforms such as systems integration, transaction processing, and bespoke solutions.


Electronic Payplus

FoundersUnknown
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Electronic Payplus is an electronic payment company that offers banking, commercial, and government solutions, and card design services.


Union Homes Savings and Loans

FoundersUnknown
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Union Homes Savings and Loans is a financial institution that renders mortgage finance services, builds estates and funds estate developers


MorganCapital Group

FoundersUnknown
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MorganCapital Group offers investment banking, portfolio management, advisory, investment management, and securities trading services.


Greenwich Merchant Bank

FoundersUnknown
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Greenwich Merchant Bank delivers investment banking, treasury, asset management, and securities trading services.


NIRSAL Microfinance Bank

FoundersUnknown
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NIRSAL Microfinance Bank is an institution that helps small organizations with training and lending option for business development.


TAJBank

FoundersUnknown
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TAJBank provides development finance, public sector, private, business, retail, and internet banking services.


Kredimoney MFB

FoundersUnknown
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Kredimoney MFB is a provider of digitized banking services.


Mymanilla

FoundersUnknown
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Mymanilla is a digital platform that offers access to multiple financial solutions and services to simplify and manage economic literacy.


Nigerian Export Import Bank

FoundersUnknown
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Nigerian Export Import Bank is a commercial bank that offers financial facilities, managed funds, risk-bearing, and business development.


Travant

FoundersUnknown
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Travant is an African advisory and investment company we are passionate about actively participating in the African growth story


Cedar Microfinance Bank

FoundersUnknown
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Cedar Microfinance Bank specializes in loans, online banking, savings account, credit facilities, and business advisory services.


Prestige Microfinance Bank

FoundersUnknown
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Prestige Microfinance Bank provides payroll, saving accounts, express loans, business financing, and fixed deposit investment services.


FirstBank Private Banking

FoundersUnknown
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FirstBank Private Banking provides banking services.


Payit.ng

FoundersUnknown
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Payit.ng provides end-to-end digital financial services to consumers, payment merchants, and business concerns.


Bank of Agriculture

FoundersUnknown
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Bank of Agriculture is a financial institution that stimulates agricultural value chain activities by providing credit support.

Written by Stamp Nigeria

Nigeria’s newest and fastest growing online news magazine. We report local, national, politics, metro, business, startup and crypto.

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