Overview

Finova Africa (commonly referred to as Finova) is a Nigerian financial technology company that develops core banking and account-management solutions. It operates primarily out of Lagos and focuses on helping financial institutions streamline their operations.

Products & Services

Core Banking Platform
A modular, white-label system that allows financial institutions to manage deposits, loans, customer accounts, and reporting.

Account Management Tools
Software to handle customer onboarding, account tracking, payments, and ledgers in an automated way.

Automation & Onboarding Support
Features designed to reduce manual processes for organizations like cooperatives, microfinance institutions, and loan companies.

Target Market

Finova focuses on small to mid-sized financial institutions rather than large commercial banks. Typical clients include:

Microfinance institutions

Cooperative societies

Loan companies

POS operators

Strategy

White-Label Offering: Clients can rebrand the platform as their own.

Expansion: The company is actively building its client base in Nigeria.

Recruitment: Ongoing hiring points to growth and investment in scaling operations.

Distinction From Similar Names

Finova should not be confused with Finnova, another fintech in Nigeria that provides WhatsApp-based banking services. While Finnova focuses on customer-facing chatbot banking, Finova specializes in infrastructure and back-end solutions for institutions.