What it sells
Banking and payments for businesses in Africa
Business model breakdown
Buyer: who owns the budget?
Owners of small and corporate Nigerian businesses, startups and freelancers.
Trigger: what makes them buy now?
Need to accept card, transfer and USSD payments and bank without queues and paperwork.
Workflow: what inputs become what output?
Open an account in 3 minutes, take payments via POS, payment link, checkout, invoices; instant settlement; payouts to any Nigerian bank.
Economics: what it saves and how it charges
UnverifiedPayments and banking revenue (processing fees, POS, float via Nombank MFB); 600,000+ active businesses and N7T+ monthly volume claimed.
Distribution: how it reaches customers
Self-serve signup and app, POS terminal sales, demo requests, affiliates and tech partners.
Funding history and coverage
| Round date | Stage | Amount | Investors | Source |
|---|---|---|---|---|
| — | Y Combinator Winter 2017 | — | Y Combinator | ycombinator.com |
Profiles summarize public reporting and company websites. Business-model notes are MaxBC's reading of that material, not confirmed facts; unknowns are left blank rather than guessed. Updated 2026-10-12.