How much funding have Banking-as-a-Service startups in Nigeria raised?

Banking-as-a-Service startups in Nigeria have raised $5.5M across 8 disclosed rounds.

Who invests in Banking-as-a-Service startups in Nigeria?

Byld has backed 1 of them, followed by Byld Ventures (1) and Emmanuel Okeleji (1). 20 investors have backed Banking-as-a-Service startups in Nigeria in total.

Where in Nigeria are Banking-as-a-Service startups based?

Lagos (2), Abuja (1) and Victoria Island (1) have the most.

Sector × countryUpdated daily

Banking-as-a-Service startups in Nigeria

StartupList Africa tracks 4 Banking-as-a-Service startups in Nigeria, which have raised $5.5M across 8 disclosed rounds. Lagos has the most, with 2, followed by Abuja (1) and Victoria Island (1). 20 investors have backed them.

Companies: 4; in Nigeria
Total raised: $5.5M; 8 rounds
Investors: 20; backed them

Updated 25 Oct 20264 companiesSource: SLA Startup IndexHow sectors are assigned →Full directory →

Banking-as-a-Service startups in Nigeria4

#	Startup	What they do	Last round	Raised	Team
1	Fintava PayNigeria	Banking-as-a-service and embedded finance APIs for African businesses	-	Not disclosed
2	BlocNigeria	Bloc is building the all-in-one FinTech infrastructure stack — for startups and organisations.	-	Not disclosed	201–500
3	AnchorNigeria	Anchor is a banking-as-a-service startup that builds, embeds and launch financial products for African businesses.	Non-equity Assistance	$3M	2–10
4	BanklyNigeria	Bankly is a Lagos-based Fintech which offers direct-to-consumer (DTC) products to Nigeria’s unbanked and underbanked populations.	Seed	$2M	11–50

SLA Startup Index · as of 25 Oct 2026 · raised is disclosed funding

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Frequently asked about Banking-as-a-Service in Nigeria

How many Banking-as-a-Service startups are there in Nigeria?: StartupList Africa tracks 4 Banking-as-a-Service startups in Nigeria.
How much funding have Banking-as-a-Service startups in Nigeria raised?: Banking-as-a-Service startups in Nigeria have raised $5.5M across 8 disclosed rounds.
Who invests in Banking-as-a-Service startups in Nigeria?: Byld has backed 1 of them, followed by Byld Ventures (1) and Emmanuel Okeleji (1). 20 investors have backed Banking-as-a-Service startups in Nigeria in total.
Where in Nigeria are Banking-as-a-Service startups based?: Lagos (2), Abuja (1) and Victoria Island (1) have the most.

Cite this page

StartupList Africa, “Banking-as-a-Service startups in Nigeria”, updated 25 Oct 2026.

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