About FBN Microfinance Bank
FBN Microfinance Bank is a Financial Services company based in Lagos (Nigeria) founded in 2008, and was acquired by Letshego in January 2016. Microfinance services are extended to small businesses in Nigeria. Its focus areas include Banks, Internet-First Banks, Digital Subsidiaries of Banks and Business Banking. Its competitors include Prospa, Brass and Crediometer; 3 of its 3 listed competitors have raised funding.
Company details
FBN Microfinance Bank was established in 2008 in Lagos, Nigeria, as a specialized institution in the financial sector. Operations are centered on providing microloans, savings accounts, and basic banking facilities to small enterprises and low-income individuals. Services are tailored to support business growth in underserved markets, with a focus on the Nigerian economy. The banks online presence is maintained through fbnmicrofinancebankltd.com.
- Headquarters Lagos, Nigeria
- Stage Acquired
- SectorsFinancial Services
- Website fbnmicrofinancebankltd.com
- Acquired by Letshego (Jan 2016)
Investors in FBN Microfinance Bank
FBN Microfinance Bank has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Letshego.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Provider of microfinance services | 1998 | letshego.com | Gaborone, Botswana |
Investor details for FBN Microfinance Bank
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Timeline of FBN Microfinance Bank
2 dated milestones of FBN Microfinance Bank across 8 years, from founding to its latest funding, stage changes and deals.
- Founded FBN Microfinance Bank is founded.
- Exit Acquired by Letshego.
Competitors of FBN Microfinance Bank
FBN Microfinance Bank has 3 listed competitors in our database, 3 of them funded. They include Prospa, Brass and Crediometer.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| getprospa.com | 2019 | Lagos, Nigeria | $3.93M | Digital banking services for individuals are offered by Prospa. | ||
| trybrass.com | 2019 | Lagos, Nigeria | $1.7M | Brass is recognized for providing smart financial tools for businesses. | ||
| crediometer.com | 2020 | Akure, Nigeria | $20,000 | Digital banking services are offered to startups and growing businesses. |
Detailed competitors of FBN Microfinance Bank
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Frequently Asked Questions about FBN Microfinance Bank
FBN Microfinance Bank was founded in 2008.
FBN Microfinance Bank is headquartered in Lagos, Nigeria. It is registered at Lagos, Lagos State, Nigeria.
FBN Microfinance Bank was established in 2008 in Lagos, Nigeria, as a specialized institution in the financial sector. Operations are centered on providing microloans, savings accounts, and basic banking facilities to small enterprises and low-income individuals. Services are tailored to support business growth in underserved markets, with a focus on the Nigerian economy. The banks online presence is maintained through fbnmicrofinancebankltd.com.
FBN Microfinance Bank's top competitors include Brass, Prospa and Crediometer.
FBN Microfinance Bank has 1 investor. Key investors include Letshego.
Yes. FBN Microfinance Bank was acquired by Letshego in January 2016.