The licence
Phoenix operates under a Central Bank of Nigeria microfinance banking licence.
Company
A bank that ships like a software company.
Phoenix holds the licence, runs the settlement account and writes the code. That is why the rails move as fast as they do.
What we are
Licensed, capitalised, accountable.
The things any business is entitled to check before it moves its money.
The deposits
Customer funds sit under that licence, insured by the NDIC to the statutory limit.
The team
Engineers, operators and compliance officers across Lagos, Abuja and London.
The governance
A board with independent directors, and an audit committee that meets quarterly.
- API uptime, trailing 12 months
- 99.98%
- Settled in the last 24 hours
- ₦412M
- Standard settlement cycle
- T+0
- Median time to live account
- 3 days
Get in touch
Talk to a person.
Sales, support and press each have a real inbox behind them.
Sales
Volumes, pricing and integration scoping.
Support
Live-account issues, twenty-four hours a day.
Press
Media requests and company information.
Ready to move money faster?
Tell us your volumes and we will map the rails to them.