Banking as a Service for Nigerian fintechs
Anchor provides Banking as a Service (BaaS) APIs for Nigerian fintechs — create wallets, issue virtual accounts, manage sub-accounts, and build financial products without a banking licence. Powers many consumer fintech apps in Nigeria.
Best for
Use when
You are building a fintech product and need to issue virtual accounts, manage wallets, or build banking features without a banking licence.
Skip when
You only need to accept payments — Paystack or Flutterwave are simpler for that use case.
CBN-regulated. Requires compliance review and documentation before going live. Sandbox available for immediate testing. Excellent developer documentation.
Alternatives
Bloc, OnePipe, Fincra
Nigerian payment infrastructure with multiple verticals
Cross-border payment infrastructure for Africa
Payments infrastructure for all of Africa