Prospa - Business Account

Prospa is a financial partner that goes beyond traditional business banking. By using a Prospa business account, businesses can automatically build credit and increase their credibility. This makes it easier to qualify for serious business loans, starting from ₦10 million. Prospa is a regulated and trusted financial institution, licensed by the Central Bank of Nigeria (CBN) and with deposits insured by the NDIC. It is built on a robust infrastructure that ensures faster payments and security for its customers.

One of the key features of Prospa is its ability to facilitate faster business payments. Customers can send and receive payments instantly, make bulk transfers to vendors or payroll teams, and seamlessly pay bills. This makes managing finances and cash flow much more efficient for businesses.

Prospa also offers business loans for growth, starting from ₦10 million. These loans are based on the customer's account activity, rather than just forms and algorithms. This relationship-led credit approach allows for more flexibility and a better understanding of the customer's financial needs. The interest rates for these loans range from 2-4% and come with flexible repayment options.

In addition to loans, Prospa also offers expense cards and spend control features. Customers can issue virtual and physical cards for team members, set spend limits, track usage, and block cards anytime. These cards can be used securely across online and offline channels.

Prospa also helps businesses run their operations like a CFO. Customers can create sub-accounts for payroll, taxes, and savings, and upload bulk payments for multiple recipients. The platform also automatically tracks payables and receivables, making it easier for businesses to manage their finances.

One of the key differentiators of Prospa is its focus on providing real support to its customers. This includes speaking to real people, not just bots, and being able to visit a Prospa Support Centre in person. This level of support is especially beneficial for high-transaction, team-managed businesses, which Prospa is designed for.

Prospa is perfect for structured, growth-focused businesses such as SMEs with ₦10 million+ in monthly revenue, agencies, consultants, trade businesses, logistics, and SaaS companies. It is built for real businesses, not just side hustles, and takes a relationship-first approach to banking. With fast onboarding and regulatory credibility, Prospa is designed to meet the needs of high-transaction, team-managed businesses.