MobiBank® is now live in Nigeria as a fully registered legal entity, incorporated under the Companies and Allied Matters Act and sealed by the Corporate Affairs Commission, Federal Republic of Nigeria. Not a letter of intent. Not a partnership. A legal entity, on the ground.
The original document carries the signature of the Registrar-General and bears the seal of the Corporate Affairs Commission. As a matter of corporate hygiene, it is not displayed publicly. Investors and partners may request the certified copy under non-disclosure.
The certified copy is available to qualified investors on request, under non-disclosure.
Nigeria is the largest fintech market in Africa by revenue and the most concentrated digital-payments adoption curve on the continent. $14.1 billion in fintech revenue, growing 31.4% a year. Every variable that matters for digital banking points the same way: mobile penetration, demographic skew, regulatory tailwind, foreign capital.
Going live in Nigeria is not a market entry. It is a structural alignment. Every dimension that determines whether a banking model succeeds in a frontier market points the same way.
93.3% of internet access in Nigeria happens through a mobile device. Broadband is 44.7% and uneven by geography. MobiBank's App + Alpha 1 hardware are designed for exactly this topology. They function on degraded networks where every cloud-only banking app structurally breaks.
Median age 18.1. 99.2% of internet users aged 16–64 own smartphones. Retail consumers account for 83% of the fintech served market. The exact demographic profile of MobiBank's earliest adopters in Europe is the majority population of Nigeria, not a minority.
The Central Bank of Nigeria's Payments System Vision and Open Banking framework are explicitly designed to shift activity from cash to digital and license non-bank payment providers. The state is the customer-acquisition channel, not the regulatory obstacle.
50.5% of the bankable adult population is still outside the formal financial system. That is not a problem to solve. That is the foundation of MobiBank's commercial thesis. We are not winning customers from incumbents. We are onboarding people who never had a bank account.
MOBIBANK & LOGO accepted by the Federal Ministry of Industry, Trade and Investment in Class 36 (financial services) and Class 42 (technological services). Files NG/TM/O/2025/385205 and NG/TM/O/2025/385213.
Private company limited by shares, incorporated under the Companies and Allied Matters Act by the Corporate Affairs Commission, Abuja. Registration RC 8700553. Signed by the Registrar-General.
Active engagement through Finnish government channels and the diplomatic corps supporting MobiBank®'s Nigeria entry. Sovereign-level backing strengthens commercial dialogue on the ground.
Engagement with the Central Bank of Nigeria on the relevant Payment Service Provider categorisation, aligned with MobiBank®'s existing EU licence.
A strategic investment on the ground is close to closing, accelerating country-level operations leadership and the commercial roll-out of the MobiBank® App and Alpha 1 device. Already-signed Letter of Intent governs the deployment sequencing.
Nigeria isn't an expansion bet for us. It is a structural fit. The demographics, the mobile penetration, the regulatory direction, the size of the unbanked population. Every variable points the same way. We are now live as a MobiBank® legal entity in Nigeria because the numbers told us to, not the other way around.
MobiBank® is now legally constituted inside Africa's largest fintech market, with trademark protection filed, government channels active, and the strongest demographic tailwind on the continent. The build window is open now. The companies that move first into Nigeria's next decade of digital banking will set the pricing power for everyone who follows.
For allocation discussions, partnership conversations, or questions regarding the Nigeria roll-out specifically, the desk of the Founder & CEO responds directly.
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