Upswing Deal Board · DB-0018
100% Acquisition of a Tier 2 Microfinance Bank — Kano State. An opportunity to acquire 100% of an operational Tier 2 Microfinance Bank in Kano State, with an established market presence, existing customer base, digital banking infrastructure, NIBSS connectivity, core banking software and fintech relationships. The institution is presented as fully capitalised and fintech-ready, providing a prospective acquirer with an existing regulated banking platform rather than a start-from-scratch operation. Package presented by the seller: Microfinance Bank licence; core banking/software infrastructure (Transbone Core Banking Software); existing operational platform; established customer base; existing digital/fintech relationships, including international fintech relationships; NIBSS connectivity for inward and outward transactions; functional corporate website; mobile banking app on the Google Play Store; currently supporting fintech wallets. Status as reported by the seller: fully operational and fully capitalised; capital injection and acquisition approval obtained from the CBN in March 2024; CAC status report available for review; Managing Director holds the MCIB (Microfinance Certified Banker) qualification. Reportedly processing transactions valued in the billions of naira monthly. The opportunity may be relevant to financial services investors, fintech companies seeking a regulated banking platform, financial inclusion operators, strategic investors and entrepreneurs seeking an operational MFB platform. The combination of an existing licence, operational infrastructure, customer base, digital channels, NIBSS connectivity and fintech relationships may reduce the time and infrastructure required to establish a comparable operation from the ground up. All regulatory, financial, operational, legal, corporate and commercial information is subject to independent verification and satisfactory due diligence. Any transaction is subject to applicable regulatory requirements and approvals.
Opportunity snapshot
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