AI agents for business finance: what they can and can't do
What AI agents can do in bookkeeping, close, collections and compliance today, where a person must stay in charge, and how to judge a product.
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.













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.




Evayour assistant
DanielChief of Staff
BenFinance
BruceCareYour 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.
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.
₦100,000 from day one · agreement v2.1 · 12 Aug · View
Eva waits for your rate and asks before she moves anything.
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.
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 numberTo this account, from any bank app. We watch it, and the page updates itself.
₦26,767.50 from GTBank · John D., matched to order ORD‑1042.
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.
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.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.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.Goes back to the buyers who went quiet, with the receipt already attached.
Recovered ₦410,000 across three overdue invoices.Replies, follows up on what they asked for and hands you only the ones that need you.
Resolved 4 conversations — two deliveries, one refund.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.
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.
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.
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.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.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.Goes back to the buyers who went quiet, with the invoice and the receipt already attached.
Recovered $12,400 across three overdue invoices.Replies, follows up on what they asked for and hands you only the ones that need you.
Resolved 4 conversations — two deliveries, one refund.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.
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.
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.
Solid Allianze acquired — an existing bank with an existing licence. The perimeter stopped being someone else’s to draw.
More than one currency on one balance, and the rebrand to Pryme. A Nigerian business could hold dollars without holding a second institution.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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
What AI agents can do in bookkeeping, close, collections and compliance today, where a person must stay in charge, and how to judge a product.
How multi-currency business accounts work: local details vs SWIFT, payment rails, the real cost of FX, safeguarding vs deposit protection, and hedging.
How UK, US, Canadian and European firms pay Nigerian suppliers and get paid by Nigerian clients: FX, Form A and M, tax, compliance and payout routes.
What it really costs to send money to Nigeria from the UK, US, Canada and Europe: fees, exchange-rate margins, CBN naira rules, BVN, speed and scams.
What AI can and cannot do in day-to-day bookkeeping, how much time it saves on real numbers, and which jobs must stay with you or your accountant.
What we are building, what the regulation actually says, and how we think about letting software act on money.
All of LoansArithmetic · 45 articles
For the same amount at the same monthly rate, a 90-day loan costs more in naira. Here is how to compare tenors properly before you pick one.
A balloon payment lowers your monthly instalment by leaving a lump sum to the end. See what it costs in total and how to plan for the final payment.
Borrowing pays only if the profit the money earns beats the full cost of the loan. Work out your break-even margin before you sign anything.
A pay-later plan with no interest but a fixed fee still has a price for time. Convert that fee into a monthly and yearly rate before you agree.
Two loans with different rates, fees and tenors can be compared with one number: what each costs per ₦1,000 you actually use, per month.
When you stop paying, interest can be charged on interest. See month by month how a ₦100,000 balance grows, and the steps that stop the growth.
Multiply by 12 for the simple yearly rate, or use (1 + r)^12 - 1 for the compounded one. Here is when each applies, with a ready table.
Most cooperative loans use a flat rate on the original amount and a limit tied to your savings. See what a 10% flat rate really costs in practice.
At an example 39% a year on a reducing balance, ₦100,000 over 12 months costs about ₦22,361 in interest plus fees. Here is the month-by-month view.
Interest, a processing fee and possible late charges make up the cost of a ₦50,000 app loan. Work out your total from the figures the app shows.
A full 24-month amortisation table for ₦500,000 at an example 3% a month: the instalment, the interest each month and how the balance falls.
Pay the full statement balance and you usually pay no interest on purchases. Carry a balance and interest runs daily. See the minimum payment trap.
The insurance line on a Nigerian loan usually pays the lender if you die or, on some policies, lose your job. See what it costs and how to count it.
A daily rate looks tiny but adds up fast: 0.5% a day is 15% over 30 days and about 182.5% a year. Worked examples on ₦50,000 and ₦100,000.
Add up your monthly debt repayments and divide by your net monthly income. Many Nigerian lenders cap repayments at about a third of net pay.
Early repayment saves money on a reducing-balance loan. On a flat-rate or fixed-fee loan it often saves nothing unless the lender gives a rebate.
Pro-rata, Rule of 78 or actuarial: the method a lender uses decides how much interest comes back when you settle a flat-rate loan early.
Upfront fees, short tenors and compounding push a loan's real cost above its quoted rate. Here is how to work out the effective rate in naira.
The annuity formula behind equal monthly instalments, step by step, with a ₦300,000 worked example and the spreadsheet shortcut.
Use PMT, monthly rates and a simple schedule to build your own naira loan calculator in Excel or Google Sheets, cell by cell.
Example: the same 3% a month costs ₦72,000 flat but about ₦41,109 on a reducing balance. Full 12-month schedules for ₦200,000.
Buying a phone, bike or appliance on instalments? Compare the cash price with everything you will pay to find the interest rate inside the price.
Start from take-home pay, essentials and a safety buffer, then turn the repayment you can manage into a loan size. A worked ₦150,000 example.
Flat interest is principal × rate × time. Reducing-balance interest is charged on what you still owe. Both methods, with naira examples.
No statement to hand? Rebuild your loan balance from the amount, rate and payments made, then ask the lender for a statement to confirm.
Turn a loan app's fee, interest and tenor into one annual rate using the cash you receive and a spreadsheet. Two worked naira examples.
An interest-only period lowers early payments but leaves the balance untouched, so you pay more in total. A ₦1m example in three versions.
No numeric cap appears in the FCCPC's 2025 digital lending rules, but rates must not be exploitative, terms must be disclosed and unfair terms are barred.
A late fee is a fixed charge; penalty interest is a percentage that grows each day or month. See how each adds up on a ₦50,000 overdue amount.
What each column on a bank's repayment schedule means, why early payments are mostly interest, and how to check the figures yourself.
Can't repay a loan app on the due date? See how extension fees and fresh interest stack on the original loan, with worked Naira examples.
Paid your loan a day late? How grace days, cut-off times and calendar or business days decide your penalty, with Naira examples.
A moratorium pauses repayments, not always interest. See how interest during the break changes your instalments and total cost, in Naira.
Fees taken upfront mean you receive less but repay the full amount. See how much they raise a loan's real rate, short and long, in Naira.
Choosing between a 6, 12 or 24-month loan? Longer tenors cut the instalment but raise total interest. A Naira comparison table shows how much.
Offered a loan top-up? Usually your old balance is refinanced into a new loan with a fresh tenor. See what that does to interest, in Naira.
The CBN reset the MPR in September 2026. How a policy decision reaches bank lending rates, which loans move, and how to recompute your instalment.
Overdraft interest runs daily on what you have actually used, then posts monthly. A labelled Naira example shows the sum, the day count and fees.
Daily late penalties look small. On ₦60,000 overdue, 1% a day reaches ₦18,000 in 30 days, more if it compounds. The arithmetic, step by step.
Repaying a 30-day loan on day 10? Pro-rata interest charges only the days used, if the lender applies it. The sums, and what to check first.
A salary advance fee looks small because the tenor is short. Turn it into a yearly rate with these Naira examples before you take one.
Some loan apps quote a service charge instead of an interest rate. It is still the price of borrowing. How to annualise it and compare offers.
Your loan instalment went up? What a variable-rate clause allows, the notice you should get, and how to recompute the new instalment in Naira.
A monthly rate looks modest. 5% a month is 60% a year counted simply and about 80% compounded. How to convert any rate, and why apps quote monthly.
Your loan balance barely moves in the first months? That is how equal instalments work. A Naira amortisation table shows where each payment goes.
You can add the other type later — many of our customers hold both.
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