Skip to content
← Startups

Wema Bank

With you, all the way.
ActiveFintechDigital Banking / NeobanksLagos, LagosFounded 1945

What it does

Founded in 1945 as Agbonmagbe Bank Limited, Wema Bank Plc is Nigeria's longest-surviving indigenous commercial bank. In 2017, Wema Bank made history in African financial technology by launching ALAT, Nigeria's first fully digital, branchless bank, securing a pioneer status in Neo-banking across the continent.

Digital / challenger banks (neobanks)

Known for

  • ALAT - Nigeria's first digital bank
  • SME financial tools
  • Hackaholics startup incubator

Model & industry

SaaSBanking & Financial Services

Products & subsidiaries

ALAT by Wema · Digital Banking Platform

Initiatives & programs

  • Hackaholics: Annual university and tech incubator contest financing emerging African startups.

People

External links