Lenco
Banking and expense management built for Africa's businesses
What it does
Lenco is a Nigerian digital banking platform targeting Africa's 50 million businesses with business accounts, expense management, and payment solutions. Founded in 2021 by Andrew Airelobhegbe, Impact Airelobhegbe, Godstime Asine, and Praise Osagie, Lenco participated in Y Combinator and raised a $2.0M seed round in March 2022 from Presight Capital and Seedstars. The platform is backed by a CBN-licensed bank for deposit holding.
SME-focused digital banksBulk / mass payoutsMulti-currency accountsInvoicing & receivables
Known for
- Y Combinator-backed Nigerian digital bank
- $2.1M total funding raised
- Business banking for African SMEs
- CBN-licensed bank partnership for deposits
Model & industry
SaaSAll / Cross-industry
Products & subsidiaries
Lenco Business Account · Digital Banking