Public reporting described repeated withdrawal delays and service downtime, with affected customers complaining about slow transaction processing and visiting the Yaba office for resolution.
SourcePublic company, workplace, funding, and market signals
Updated Jul 30, 2026
Prospa is a Nigerian fintech that provides business banking plus operating tools for SMEs and entrepreneurs, combining business accounts, credit, expense cards, spend controls, and related software in one platform.
Primary product
Business banking and operating system for Nigerian SMEs (business accounts, credit, expense cards, spend management, payroll/APIs).
Founded
2019
Headquarters
Lagos, Nigeria
Team size
11-50
Industry
Financial Services
Sub-industry
Fintech / SME business banking
Offices
Business model
Leadership
Co-Founder & CEO
Co-Founder & Head of Growth
Co-Founder & Ex CTO
Investors
Mission-driven and founder-led, with a strong emphasis on helping entrepreneurs build financial prosperity, shipping product quickly, and supporting customers with relationship-led service. Public content suggests a startup culture centered on ownership, growth, engineering/product execution, and community themes like #TogetherWeProspa.
Pricing
Subscription fees for business tools plus fees/spreads from payments and lending; credit products are offered with account-activity-based limits and relationship-led underwriting.
Differentiators
Technology
Customers
Competitors
Estimated revenue
~$8.3M estimated annual revenue (2024)
Estimated monthly visits
8.5K
Traffic estimate as of Jun 2025
Public reporting described repeated withdrawal delays and service downtime, with affected customers complaining about slow transaction processing and visiting the Yaba office for resolution.
SourceProspa said partner bank account numbers were being discontinued and replaced with Prospa Capital MFB account numbers as part of a banking migration.
SourceDisrupt Africa · Jul 2025
Profile piece describing Prospa’s product suite, 150k+ businesses served, 2024 microfinance banking license, and revenue model (transaction fees, subscriptions, lending, and partnerships).
Kemi Aremu · Sep 2024
Monthly product/community update covering the relaunch of the partnership program, referral incentives, Zimi rewards, and the move to Prospa Capital MFB account numbers.
Prospa Team · Aug 2024
Official notice that partner bank account numbers from Wema, Sterling, and ReadyCash were being discontinued and replaced by Prospa Capital MFB account numbers.
Tech In Africa · Jun 2024
Reported customer complaints about delayed withdrawals and transaction processing issues; the article also notes prior service downtime and office visits by affected users.
Taff Alabi · Apr 2024
Launch announcement for virtual cards and global payments on the web, plus a referral campaign tied to the launch.