Cascador · Apr 2026
Profile/impact story noting that Lenco expanded in 2025 across Nigeria, Zambia, and Malawi and launched Glep, an AI-native spend management platform for business decision-making.
Pan-African digital bank for Africa's 50m businesses
Public company, workplace, funding, and market signals
Pan-African business banking and expense management platform for African companies, offering multi-currency accounts, payments, cards, payroll, cross-border transfers, API access, and spend controls.
Primary product
Business banking and expense management platform for African businesses
Founded
2021
Headquarters
Lagos, Nigeria
Team size
11-50
Industry
Financial Services
Sub-industry
Fintech / business banking / Banking as a Service
Offices
0 jobs at Lenco
Check back later for new openings
Business model
Stage
Seed
Total raised
$2.1M
Latest round
Seed · Mar 2022
Latest amount
$2M
Leadership
Co-Founder & CEO
Co-Founder & COO
Co-Founder & Engineering Lead
Co-Founder & CTO
Michael Opara
Head of Finance
Patience Ayoola
Head of Customer Success
Alexander Asomba
Head of Card Services
Olanrewaju Olukanni
Lead Designer
Babajide Sunmonu
Infrastructure Lead
Investors
Customer-focused, growth-oriented fintech culture centered on helping African businesses operate more efficiently, with recurring educational content, webinars, and product-led operational support.
Pricing
Free business current accounts; public pricing is not fully detailed, but some services appear usage-based (for example SMS alerts) and product-led fees likely apply for cards/payments/API usage.
Differentiators
Technology
Customers
Competitors
Estimated revenue
about $9.4M estimated ARR
Estimated monthly visits
7.7K
Traffic estimate as of Jul 2026
Cascador · Apr 2026
Profile/impact story noting that Lenco expanded in 2025 across Nigeria, Zambia, and Malawi and launched Glep, an AI-native spend management platform for business decision-making.
Independent Newspaper Nigeria · Apr 2025
Reports the launch of a POS product in Zambia, following earlier market entry and emphasizing multi-user accounts, corporate cards, expense management, and cross-border payments.
Lenco Blog · Feb 2025
Official blog post describing the Malawi Kwacha account offering and the company’s cross-border payments positioning in Zambia and Malawi.
Lenco Blog · Nov 2023
Official product update announcing business cards and describing spend-control and convenience features for business finance management.
Lenco Blog · Oct 2023
Official blog post on team banking and custom access controls for collaborative account management.