AjoCard

AjoCard is a fintech company and licensed microfinance institution founded in 2018 and headquartered in Lagos. It provides savings, micro-loans, insurance and digital payments to unbanked and underserved populations in Nigeria, with a particular focus on micro, small and medium enterprises (mSMEs) and everyday entrepreneurs. Deposits are NDIC-insured, and the firm operates within a CBN-licensed regulatory framework.

The company digitises traditional community savings practices - ajo, adashe and esusu - through mobile technology, enabling daily micro-savings collections. Its product range includes 30-day micro-loans of up to ₦100,000, affordable health insurance through HMO coverage spanning more than 750 hospitals nationwide, and a secure digital wallet for payments and transactions serving both unbanked and banked consumers. Transactions at the grassroots are supported by mPOS devices and a network of Personal Bankers who help customers understand the platform, track contributions and access financial services within their communities.

Technical work at AjoCard spans mobile technology, mPOS devices, digital wallet infrastructure, API development and the digitisation of microfinance. The company maintains well-documented developer APIs intended for partners embedding financial solutions at scale. The engineering and product remit sits at the intersection of financial services, insurance, retail and open-market commerce, and small-business services.

AjoCard operates across Nigeria, with its headquarters in Lagos and a hospital network reaching nationwide. The stated emphasis of the business is reliability, security and accessibility in extending financial services to populations outside the conventional banking system.