PHOENIX MFB

Business banking

One account the whole business can run on.

Open a business current account, pay suppliers and staff, collect from customers, and reconcile all of it against a single balance.

What you get

Everything the finance team touches.

Accounts, movement and acceptance on one licence, so nothing has to be reconciled across providers.

Current accounts

Naira current accounts with unlimited sub-accounts, each carrying its own balance and statement.

Payouts

Single and bulk NIP transfers to any Nigerian bank, with approval rules before money leaves.

Collections

Virtual accounts, transfers and card payments that land in the balance the moment they clear.

Cards and POS

Corporate cards with per-card limits, and POS terminals shipped within five working days.

Getting started

Live in three working days.

Onboarding is documentary, not discretionary. Submit the set below and the account opens.

  1. 01

    Apply

    Send your CAC registration, directors’ identification and a recent utility bill.

  2. 02

    Verify

    We run KYB and the CBN checks, and come back once with anything outstanding.

  3. 03

    Transact

    The account opens with the console, cards and API keys already attached.

  • Licensed by the CBN
  • Deposits insured by the NDIC
  • PCI DSS Level 1

Ready to move money faster?

Tell us your volumes and we will map the rails to them.