Pryme
Sign up
Pryme Personal

Money with a heartbeat.

Meet Eva, the assistant inside the Pryme app. She opens accounts, moves money, saves toward your goals and follows up. Nothing leaves your account without your approval.

Meet Eva, the assistant inside the Pryme app. She holds dollars, pounds, euros and Naira side by side, swaps at a locked rate, pays bills in any of them and sends anywhere, asking before anything moves.

HomeEvery currency, every Box and every card on one screen.
Chat with EvaTell her the goal. She handles the steps and asks before anything moves.
Savings BoxesFlexible, Fixed, Investment and Interest-free, side by side.
Create a BoxPick the type, name the goal. Eva works out what to move, and when.
LoansSpaces credit and Salary Advance. Draw only what you need.
Invite friendsThree friends, ₦50,000 each, and ₦20,000 lands with you.
YouEva’s voice, your plan, your address and every security control.
Duress signalA word that looks normal on screen while your people are alerted.
Chat with EvaTell her the goal. She handles the steps and asks before anything moves.
Swap at the live rateOr name the rate you want and she swaps the moment it lands.
One card, every currencySpend from whichever balance suits, and freeze it from the app.
What Eva may do without askingStanding permissions, a voice, and a record of every rule you have given her.
Receipts anyone can verifyRegular or certified statements, e-signed and checkable by whoever receives them.
Open a personal account How we keep your money safe
Pryme app: Home
Pryme app: Chat with Eva
Pryme app: Savings Boxes
Pryme app: Create a Box
Pryme app: Loans
Pryme app: Invite friends
Pryme app: You
Pryme app: Duress signal
Pryme app: Chat with Eva
Pryme app: Swap at the live rate
Pryme app: Multicurrency card
Pryme app: What Eva may do without asking
Pryme app: Receipts and statements
MoneyAgentsApprovalAgentsEvery currencyYour approval

Open an account. Get money to spend.

Global money. Intelligent growth.

We give you a limit to spend at the shops and services you already use — and an account that works on your month while you get on with it. Dollars, pounds and euros sit beside your Naira, and an assistant handles the running of it, asking you first every single time.

One global account for your money and business. Move across currencies, automate everyday operations and put AI agents to work — with you in control of every important decision.

Open Personal or Business Account Already with us? Log in
Open a Business account Download the app for Personal Open an account from anywhere
Pryme app home: every currency on one balance
Personal · the app in your hand
Salary landed₦920,000 from John Doe Ltd · Naira account
Done
Move ₦100,000 to your Rent Box?Keeps ₦127.9m liquid · earns 18% p.a.
Approve
Paid Ikeja Electric₦18,400 · token sent by SMS
Done
Swap $200 → ₦310,000?Rate locked at ₦1,550 for 30 s
Approve
Held a ₦150,000 transferNew payee · unusual hour · needs you
Review
Received $2,400From a client · USD account
Done
Swap $200 → £—?Rate locked for 30 s
Approve
Paid the light bill at home₦18,400 · Ikeja Electric
Done
Keep $1,000 liquid, save the rest?$1,400 → Flexible Box
Approve
Held a £2,000 transferNew payee · needs you
Review
Eva is live
500,000+customers, personal and businessScan to get the app
Get the appScan with your phone camera
Regulated partnersEvery currency held with a licensed institution in its market
Solid AllianzeCBNNDIC
Scan to get the app
Get the appScan with your phone camera
Instant settlementOur own core ledger: swaps land at once, every receipt verifiableScan to get the app
Get the appScan with your phone camera
Agents with a mandatePowered by Pryme Intelligence. Nothing moves without youFlip
Pryme Intelligence
Eva, the assistant that runs a Pryme accountEvayour assistant
The Chief of Staff agent on a Pryme Business AccountDanielChief of Staff
The Finance agent on a Pryme Business AccountBenFinance
PrymeBruceCare
Inside a mandate you write. Every action logged.
Multi-currency30 currencies on one balanceFlip
Locked rates30 s
🇺🇸 1 USD—
🇬🇧 1 GBP—
🇪🇺 1 EUR—
The rate you see is the rate you get.
10 years2016 to today, one trunkScan to get the app
Get the appScan with your phone camera
Business Account

Open an account. Get customers.

Your competitor down the road sells the same thing you sell. The difference is who walks in. We put money in people’s hands that can only be spent in businesses like yours — and then we point them at you.

The Pryme Business home page: three currency balances on one account, the money actions, five agents working and a live stream of what they have done
Business · the page your team signs into
Spaces · Nigeria

We hand the customer the money. It can only be spent with you.

You are not borrowing. You are selling to somebody who already has the money — and that money can only be spent with a business like yours.

The business · Pryme Business
johndoe.mypryme.com · Spaces

Spaces Showing 30 days

Spaces is onshoppers near you can see your shop
Spaces brought you · 30 days ₦2,578,550.00 104 sales from 71 shoppers ▼ 4% on the period before
Where the money came from
91% shoppers who had been in before 9% first visit to your shop
21 of 71 came back more than once Average basket ₦24,793.75 Biggest shopper ₦142,300.00
24 Jul returningnew to you 22 Aug
Money on its way to you confirmed at the counter · on its way to your Naira account
Confirmed at the counter ₦47,150.002 sales today · final the moment they paid
Sales of 23 Aug₦90,9503 sales · confirmed
Sales of 24 Aug₦196,2005 sales · confirmed
Sales of 25 Aug₦47,1502 sales · confirmed
nothing for you to do · it arrives on its own
Lands in your NGN account ₦334,300.0010 sales in flight
The shopper · Pryme app
4:34
‹
BorrowLoans
SpacesSalary Advance
Spaces credit₦21,450 available
Repay ₦78,550
₦78,550 in use₦100,000 limit
Hold 25% · repay 2 more early to drop to 20%

₦100,000 from day one · agreement v2.1 · 12 Aug · View

Near youCategories 9Your loans 9
🛒Grocery / Retail4 places
🍽Eateries / Restaurants4 places
💊Pharmacies3 places
🎬Movies & Cinema3 places
🚌Transport3 places
💇Spa’s & Saloons3 places
Say “Hey Pryme”🎤
HomeBoxes CardsYou
Freeto join, nothing monthly. You are in the app the day you switch it on.
You get paidthe sale settles into your Naira account. Nobody to chase.
Zero riskwe carry the credit, whether or not the shopper repays us.
You growfaces that had never been to your shop — and most come back on their own.
The account

One account. Every currency you trade in.

Pryme Business4 currencies · one ledger
Base
₦127,328,879.23NGN · Nigerian Naira
$1,240.00USD · US Dollar
£480.00GBP · Pound Sterling
€310.00EUR · Euro
  • A named Naira account with Solid Allianze MFB — NDIC insured, your business name on it.
  • Real details abroad. A US account number, a UK sort code, an IBAN for the euro area.
  • Every currency has its own statement — regular or certified, with a code anyone can verify.
Swapping · in the app
4:34
‹···
Current account · NGN ₦127,328,879.23
SwapBoth balances move at once, on one ledger
Fill it inAsk Eva
$1 = ₦1,650.00
FromNGN ▾
250,000Available ₦127,328,879.23
ToUSD ▾
151.52after swap $1,391.52
Rate$1 = ₦1,650.00
Fee—
You get$151.52
NowWhen it hits

Eva waits for your rate and asks before she moves anything.

Target rate
$1 =1,585.00₦
Set the watch
Pryme Pay

Take money on your site, or on a checkout of your own.

No card, no OTP, nothing for the buyer to type in. They transfer from the bank app they already use, and the money lands in the same account your agents are running — already matched to the order, already in your books.

Pay from your bank app

We give the buyer a one-time account number. They transfer to it from any bank app or by USSD — no card, no OTP, nothing to type in.

Get the account number
  • Card details are never asked for, so they cannot leak.
  • The account is used once, then it closes.
  • Held with a licensed bank, insured by the NDIC.
Transfer exactly this amount

To this account, from any bank app. We watch it, and the page updates itself.

Send exactly₦26,767.50Copy
BankSolid Allianze MFB
Account number0000 000 000Copy
Account namePRYME / JOHNDOE‑ORD1042
Watching the account — nobody has to confirm anything.
Payment received

₦26,767.50 from GTBank · John D., matched to order ORD‑1042.

OrderORD-1042
Settled intoJohn Doe Trading Ltd · Naira account 0000 000 000
Receiptsent to the buyer
Get your receiptRun it again
Your checkout, your brand.On the site you already have, in your colours, on your own domain — or on a page we host for you.
A link for anything you sell.One price, one buyer, one link — sent on WhatsApp, Instagram or email, and paid the same way.
It lands already reconciled.Matched to the order, receipt issued, and in your books before you have looked at it.
Business Account

A team you did not have to hire.

Five agents come with the account. Each one has a job description, a budget and a ceiling you set. They do the work and bring it to you — nothing leaves the account without your signature.

CS Chief of Staff Runs the week

Knows what is stuck, who is waiting and what you promised — and keeps all three moving.

Booked a meeting with John Doe Foods for Thursday 11:00.
FI Finance Watches the money

Keeps the books as you trade and tells you the moment something does not add up.

Flagged a duplicate — invoice DP‑11908 was already paid in July.
COCompliance Keeps you inside the rules

Holds every filing to its own clock and screens names and payments against your policy — and logs what it refuses.

Screened 412 payments overnight and refused two of them.
SA Sales Chases what is owed

Goes back to the buyers who went quiet, with the receipt already attached.

Recovered ₦410,000 across three overdue invoices.
SU Customer Support Answers your customers

Replies, follows up on what they asked for and hands you only the ones that need you.

Resolved 4 conversations — two deliveries, one refund.
Every agent prepares and proposes. You are the only one who can approve.
Build on Pryme

Our rails, under your product.

Issue a dedicated Naira account number to each of your own customers, collect into it and reconcile against it. The same rails the Business Account runs on, with the licence behind them.

Read the API
Pryme Business

One business account. Every currency you trade in.

Dollars, pounds and euros beside a Naira account, on one ledger and one set of books. Five agents come with it and run the account — nothing leaves without your signature.

The Pryme Business home page: Naira, dollar and pound balances on one account, the money actions, five agents working and a live stream of what they have done
Business · the page your team signs into

A team you did not have to hire

Five agents come with the account. Each has a job description, a budget and a ceiling you set. They do the work and bring it to you — they propose, you approve.

CSChief of Staff Runs the week

Knows what is stuck, who is waiting and what you promised, and keeps all three moving.

Booked the quarterly review with your auditor for Thursday.
FIFinance Watches the money

Keeps the books in every currency you hold and flags the moment something does not add up.

Flagged a duplicate — invoice DP‑11908 was already paid in July.
COCompliance Keeps you inside the rules

Holds every filing to its own clock and screens names and payments against your policy — and logs what it refuses.

Screened 412 payments overnight and refused two of them.
SASales Chases what is owed

Goes back to the buyers who went quiet, with the invoice and the receipt already attached.

Recovered $12,400 across three overdue invoices.
SUCustomer Support Answers your customers

Replies, follows up on what they asked for and hands you only the ones that need you.

Resolved 4 conversations — two deliveries, one refund.
Every agent prepares and proposes. You are the only one who can approve.
Open a business account

Ten years, one trunk

The business has changed shape four times and never changed what it was rooted in. Each version was built out of what the last one could not do.

2016E-commerce

An online grocery store, built out of a faulty tab. Selling the food was the easy part — taking the money for it, and moving it, turned out to be the business.

2018OjirehPrime Card

A prepaid card. The first time the company issued rather than resold, and the first time it carried the obligations that come with holding somebody else’s money.

2020Microfinance bank

PrymeSolid Allianze acquired — an existing bank with an existing licence. The perimeter stopped being someone else’s to draw.

2023Multicurrency

More than one currency on one balance, and the rebrand to Pryme. A Nigerian business could hold dollars without holding a second institution.

2026Agentic operations

Accounts that do the work rather than only hold value. Five agents on the account, inside a policy you write — which is where the new mark starts.

Questions

The things people ask us first.

What is Pryme?

Pryme is a financial technology company. It gives people and businesses in Nigeria one account that holds Naira alongside dollars, pounds and euros, and a set of agents that do the running of it — keeping the books, chasing what is owed, answering customers and paying bills. Nothing leaves an account without the owner’s approval.

Can I hold dollars, pounds and euros in a Pryme account?

Yes. A Pryme account holds Naira, US dollars, pounds sterling and euros side by side on one ledger, each with its own account details — a Nigerian account number, a US account number, a UK sort code and an IBAN for the euro area. You can swap between them at a rate you set, and every currency has its own statement.

What is Spaces?

Spaces is available in Nigeria. It gives a shopper money to spend that can only be spent with a participating business. The business is paid into its Naira account whether or not the shopper repays, because Pryme carries the credit. For the business it is free to join, there is nothing monthly, and the customer’s identity is never shown — only a reference and what it is worth.

What do the agents on a Pryme Business Account do?

Five agents come with the account. The Chief of Staff runs the week and keeps what is stuck moving. Finance watches the money and keeps the books as you trade. Compliance keeps the filings on time and screens what moves. Sales chases what you are owed. Customer Support answers your customers and follows up. Each has a job description, a budget and a ceiling you set, and each one proposes rather than acts — nothing leaves the account without your signature.

How does Pryme Pay work?

Pryme Pay takes payments on your own site or on a checkout page you control. The buyer is given a one-time account number and transfers to it from any bank app or by USSD — no card, no OTP, nothing to type in. The money lands in the same account your agents are running, already matched to the order and already in your books.

What are Savings Boxes?

Savings Boxes are separate pots inside a Pryme account, held in Naira. Flexible Boxes can be withdrawn at any time, Fixed Boxes hold to a date, Investment Boxes hold for longer, and Interest-free Boxes earn nothing by design. A business can use them to ring-fence payroll and the tax it withholds, so that money cannot be spent by accident.

Who holds my money, and is it protected?

Pryme is a financial technology company, not a bank. Accounts and deposits are provided by Solid Allianze Microfinance Bank Limited, which is licensed by the Central Bank of Nigeria and is a member of the Nigeria Deposit Insurance Corporation.

Can I build on Pryme?

Yes. Pryme Rails lets a platform issue a dedicated Naira account number to each of its own customers, collect into it and reconcile against it, over one API — the same rails the Pryme Business Account runs on.

What is Pryme?

Pryme is a financial technology company. It gives you one account that holds US dollars, pounds sterling and euros beside Naira, with an assistant that runs the account for you and asks before anything moves. Accounts are provided in Nigeria today, and further markets open as each licence lands.

Can I open a Pryme account from outside Nigeria?

Accounts are provided in Nigeria today, subject to verification and approval. Foreign-currency balances are held and converted inside that account, so you can hold, receive and swap dollars, pounds and euros wherever you are.

Which currencies can I hold with Pryme?

Naira, US dollars, pounds sterling and euros, side by side on one ledger. Each has its own details — a Nigerian account number, a US account number, a UK sort code and an IBAN for the euro area — and each has its own statement.

How do I send money to Nigeria with Pryme?

Swap at a rate you set rather than the rate of the day, then send to any Pryme username or to a Nigerian bank account. There is no fee to send to another Pryme account.

What does the assistant do?

Eva is the assistant inside the Pryme app. She opens accounts, moves money, saves toward your goals, pays what is due and follows up what is owed to you — and asks you before anything moves.

What is Pryme Rails?

Pryme Rails lets a platform issue a dedicated Naira account number to each of its own customers, collect into it and reconcile against it, over one API — the same rails the Pryme Business Account runs on.

The Ledger

Notes on money that does the work: what we are building, what the regulation actually says, and how we think about letting software act on money. Read the Ledger

Scroll for more
Home · The Ledger · Fixed deposits
Savings & investing

Fixed deposits at a microfinance bank: rates and safety

Microfinance banks often advertise higher deposit rates. What NDIC covers at an MFB (₦2 million), how to check a licence, and the questions to ask first.

PE
Pryme editorialSavings desk · 19 Oct 2026 · 4 min read
The short answer

Microfinance banks (MFBs) frequently advertise higher savings and fixed deposit rates than commercial banks, but NDIC cover at an MFB is ₦2,000,000 per depositor, against ₦5,000,000 at a commercial bank. Before placing money, confirm the MFB is on the CBN's list of licensed microfinance banks and keep your total balance there within the cover you are comfortable relying on.

An MFB is a licensed bank, regulated by the Central Bank of Nigeria, with a narrower licence than a commercial bank. Many of the savings apps Nigerians use every day are run by MFBs, and several smaller MFBs serve particular towns, markets or professions. Their fixed deposits work like any other: an agreed sum, tenor and rate. The differences are in the rate you may be offered, the deposit insurance limit and how much you need to know about the bank itself.

Why MFB rates are often higher

A common explanation is that smaller banks have to pay more to attract deposits, because they lack the large base of current accounts and branch networks of a commercial bank, and that their lending to individuals and small businesses is priced higher. Whatever the reason, headline rates can be noticeably higher. Two examples of published figures, checked October 2026:

  • Renmoney, whose site footer describes it as Renmoney Microfinance Bank, licensed by the CBN, advertised savings "up to 22% p.a." on its homepage. "Up to" means the top rate for some products and tenors, not every deposit.
  • Kuda's help centre listed fixed savings rates in a range by tenor and customer tier as at August 2026, with 10% withholding tax on accrued interest.

Rates change and headline figures carry conditions, so treat any advertised number as a starting point and get the rate for your amount and tenor in writing. Our live guide to where fixed deposit rates are published explains how to compare.

How NDIC cover differs at an MFB

The NDIC's FAQ, checked October 2026, puts maximum cover at ₦2,000,000 per depositor at microfinance banks, compared with ₦5,000,000 at deposit money banks and primary mortgage banks. Voice of Nigeria reported the same figures from the NDIC in March 2026. Cover includes accrued interest and is calculated on all your accounts at that MFB combined. Our explainer on NDIC limits covers the background.

Example: you place a ₦3,000,000 fixed deposit at an MFB and hold ₦200,000 in a savings account there. Your total is ₦3,200,000; if the MFB failed, ₦2,000,000 would be insured and ₦1,200,000 would become a claim in liquidation. Splitting the deposit across two licensed MFBs, each under ₦2,000,000, would keep it all within cover. See are fixed deposits NDIC-insured.

MFB closures are not hypothetical

Legit.ng reported in July 2026 that the CBN revoked the licences of 46 microfinance banks on 1 July 2026, and that the NDIC began verifying depositors, paying insured sums into BVN-linked accounts at other banks. Depositors above the limit wait for liquidation dividends. This is a reason to stay within cover, not a reason to avoid all MFBs.

Is the extra rate worth it? A quick test

Example only, with assumed rates. You have ₦2,000,000 for a year. A commercial bank offers 15%; an MFB offers 20%. Gross interest is ₦300,000 at the bank and ₦400,000 at the MFB, so the MFB pays ₦100,000 more, or ₦90,000 after 10% withholding tax. Because ₦2,000,000 sits exactly at the MFB insurance limit, almost all of it is within cover, although interest accrued above the limit would not be. Now try ₦6,000,000: the MFB pays ₦270,000 more after tax, but ₦4,000,000 of principal would be outside cover if the MFB failed. The higher rate is a payment for risk; the test is whether the extra interest is worth the amount you would have at stake above the limit.

How to check an MFB's licence

  1. Find the bank's exact registered name, usually in the footer of its website or app, with "Microfinance Bank" in it.
  2. Search for that name on the CBN's list of microfinance banks under Supervision on cbn.gov.ng. In October 2026 the list held around 790 entries.
  3. Check where the MFB is licensed to operate. Some hold licences limited to one state, which affects where they can serve you.
  4. Look for the NDIC insured mark and, if in doubt, check the NDIC's list or call its help desk.
  5. If the "bank" is an app, find the MFB or bank behind it; the app itself may be a technology company.

Our guide on checking whether a bank is NDIC-insured covers this step by step.

Questions to ask before you book

  • What is the rate for my amount and tenor, and is it fixed for the full term?
  • Is interest paid at maturity, monthly or upfront, and on what day count?
  • What is the penalty for early withdrawal? Kuda's help centre, for example, says breaking Fixed Savings early returns principal only.
  • What happens at maturity if I do nothing?
  • How do I withdraw, and how long does it take to reach my other bank?

Where Pryme fits

Naira in a Pryme account, including Fixed and Flexible Boxes, is held by Solid Allianze Microfinance Bank, licensed by the CBN and insured by the NDIC up to the applicable MFB limit; Pryme Financial is a technology company, not a bank. Rates are shown in the app before you commit. See Savings Boxes.

Questions people ask

Is it safe to keep fixed deposit in a microfinance bank?

A licensed MFB is regulated by the CBN and its deposits are NDIC-insured up to ₦2 million per depositor. Keeping your total at any one MFB within that limit reduces the risk if it fails.

Why do microfinance banks pay higher interest?

Smaller banks often pay more to attract deposits and lend at higher rates. Headline "up to" rates usually depend on amount, tenor and conditions.

How do I know if a microfinance bank is licensed?

Search its exact registered name on the CBN's list of microfinance banks on cbn.gov.ng, and check its licence category and the NDIC insured mark.

What happens to my money if a microfinance bank is closed?

The NDIC pays insured deposits up to ₦2 million per depositor, usually into a BVN-linked account at another bank. Amounts above that are paid as liquidation dividends if assets are recovered.

Sources

  1. NDIC: Frequently Asked Questions · accessed Oct 2026
  2. Central Bank of Nigeria: Microfinance Banks list · accessed Oct 2026
  3. Legit.ng: NDIC begins verification of depositors of 46 failed microfinance banks (10 Jul 2026) · accessed Oct 2026
  4. Renmoney: homepage · accessed Oct 2026
  5. Kuda Help Centre: Save money · accessed Oct 2026
  6. Kuda Help Centre: More on Fixed Savings (27 Feb 2025) · accessed Oct 2026

This article is general information, not financial, legal or tax advice. Products described are provided under the terms on this site and are subject to regulation and eligibility.

More on Fixed deposits

Savings & investing

Minimum amount for a fixed deposit in Nigeria, bank by bank

What banks' own pages say about fixed deposit minimums and tenors, which figures are only third-party estimates, and how to get a firm answer.

PEPryme editorial · Savings desk19 Oct 2026 · 4 min
Savings & investing

Fixed deposit rates in Nigeria today: where banks publish them

Where to find today's fixed deposit rates: the CBN's money market indicators, banks' own pages and apps, and how to compare quotes on an after-tax basis.

PEPryme editorial · Savings desk19 Oct 2026 · 4 min
Savings & investing

Fixed deposit rollover: what happens at maturity

At maturity a fixed deposit is paid out or rolled over. The rollover options, why the new rate may differ, a worked example and how to stop a rollover.

PEPryme editorial · Savings desk19 Oct 2026 · 4 min