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Pan-African digital bank for Africa's 50m businesses
Lenco is a multi-currency digital bank for businesses in Africa. With Lenco, retail outlets, hospitality businesses and startups can easily pay vendors, suppliers and perform cross-border payment while having access to growth capital.
Lenco is a pan-African digital bank for businesses, offering a free business current account along with expense management, payouts, and bill payments. It positions itself as a banking and software-enabled solution for growing businesses across multiple industries in Africa.
Lenco provides a business current account with API access and tools for expense management, automated reconciliation, and batch/payout capabilities. Its features include expense management, automated reconciliation, payouts to customers, bill payments (including airtime and utilities), combined with account analytics and team controls. The platform emphasizes quick onboarding (Get started in 10 minutes), multi-industry solutions (Retail, Startup, Logistics, Developer, Hospitality), and integration through an API to maximize banking and payment workflows.
Who it’s for: Businesses in Africa seeking a free or low-cost business bank account with integrated expense management and payments, across industries such as retail, startups, logistics, development, and hospitality.
Pricing page and onboarding messaging (Get started in 10mins) indicate product-market traction and active onboarding; multiple country mentions (Nigeria, Zambia, Kenya, Rwanda) suggest regional expansion activity.
CEO & Co-founder of Lenco - pan-African digital bank for businesses
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