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Favex

Operating

Crypto trading, gift card, bill payment and airtime app for Nigerian users

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About Favex

Favex is a Nigerian fintech app offering crypto and gift-card trading, bill payments, and airtime and data purchases. It is operated by Favex Technology Limited, founded in 2024 and led by CEO Stephen Oyeleye (BusinessDay interview, March 2025; LinkedIn company page). The LinkedIn company profile lists its employees as based in Nigeria.

Favex founders & team

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  • EasySpend

    Convert crypto to Naira and spend online with USD cards. · Nigeria

  • LendSafe Care

    Digital money-lending app in Nigeria for fast loans paid into borrowers' bank accounts · Nigeria

  • TapReady

    SDK that lets any NFC-enabled device accept contactless card and local payments in emerging markets. · Nigeria

  • Cova

    Cova is a Nigerian FinTech startup which offers digital asset tracking and inheritance planning for everyone. · Nigeria

  • KachiPlug

    P2P digital asset exchange and cross-border payments for Nigerian freelancers, remote workers, and businesses. · Nigeria

  • VAS2Nets

    Telecom messaging, USSD, and payment services for enterprises · Nigeria

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Frequently asked about Favex

Where is Favex based and when was it founded?
Favex is headquartered in Nigeria and was founded in 2024.
Who founded Favex?
Founders listed for Favex include Stephen Oyeleye (Founder and CEO).
Who is the CEO of Favex?
Stephen Oyeleye is Favex's Founder and CEO.
What sector is Favex in?
Favex operates in FinTech and Cryptocurrency.