Ceviant Finance

What Ceviant Finance does

Ceviant Finance is a UK-headquartered fintech group with operational presence in the United Kingdom and Nigeria, established between 2019 and 2021 (conflicting dates in source material). The company operates through four wholly-owned subsidiaries: Ceviant Finance (working capital loans, asset financing, and structured investment products including Cevifixed, Cevicall, CeviInterest, and Cevisave), Ceviant Asset (SEC-registered portfolio management offering NGN and USD liquidity notes, Nigerian Treasury Bills, and FGN Bonds), Ceviant X (cross-border payments and FX trading across 130+ currencies), and Ceviant Pay (domestic payment gateway and API infrastructure). The underlying technology is a unified RESTful API platform with OAuth2 authentication, exposing Virtual Account API (NUBAN-compliant), Payment & Transfer API (integrated with NIBSS for transfers across 200+ Nigerian banks), Credit/Loan API, CeviantPay JavaScript SDK, and OnLending SDK for embedded finance deployment. Webhooks use HMAC SHA512 signing for transaction notifications.

The company serves corporates and mid-to-large businesses operating in the UK-Nigeria corridor, high-net-worth individuals and diaspora investors, SMEs requiring credit and payment infrastructure, and B2B platforms (marketplaces, payroll SaaS, lending platforms) integrating financial services via API. Revenue is generated across five streams: interest income from business lending, investment management fees on structured notes, FX spreads and cross-border transfer fees (Ceviant X), payment processing/merchant fees (Ceviant Pay), and API platform access fees. The business employs 11–50 staff. Multi-jurisdictional regulatory coverage is broad: FCA Small Payment Institution (FRN 712297), HMRC Money Laundering Regulations 2017, CBN PSSP, CBN Finance House (RC 1792615), SEC Nigeria Fund Manager (Ceviant Asset, 7796910), GLEIF LEI issuer, plus PCI-DSS, NDPR, and GDPR compliance.

Total disclosed external funding is $200,000 from a 2022 seed round led by BYLD alongside Golden Palm Investments, Launch Africa, LoftyInc Capital, Musha Ventures, Suya Ventures, Timon Capital, and Verod-Kepple Africa Ventures. A separate 2021 entry lists Musha Ventures with $0 (likely in-kind or pre-seed). The 2022 Montify transaction involved acquiring a 9% equity stake (not a controlling acquisition). A 2023 partnership with RapidLEI underpins the GLEIF LEI issuance business. Pricing for investment products has minimum lock-ins ranging from ₦500,000 (Cevisave) to ₦2,000,000 (Cevifixed, CeviInterest), targeting affluent retail and semi-institutional capital providers.

Name

Ceviant Finance

Legal name

Ceviant Finance Ltd

Website

https://ceviant.co

Company type

Private

Founded year

2021

Operating status

Operating

Headcount range

11–50 employees

Short description

Ceviant Finance is a UK-Nigeria fintech group operating through four subsidiaries (Ceviant Finance, Asset, X, Pay) that provide embedded lending, asset management, cross-border FX across 130+ currencies, and payment infrastructure to corporates, HNIs, and B2B platforms.

Ownership category

akta.pro rank

Product category

Cross-Border Financial Services

NAICS

Commercial Banking (522110)

SIC

Finance Services (6199)

akta.pro primary industry

Cross-Border & FX Payments Platforms (BPAMAFAK)

akta.pro secondary industries

Multi-Currency Accounts, Wallets & FX Management (Consumer/SME) (FSAGAKAF), BaaS Platforms & Sponsor Bank Enablement (FSAGALAA)

Keywords

• Embedded finance platform
• Cross-border payments
• Asset management services
• Business lending products
• Payment processing infrastructure

Headquarters

HQ city

London

HQ country

United Kingdom

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Others

Revenue model

1. Interest Income from Lending: Ceviant Finance earns interest income from structured business loans (working capital, asset financing) and credit facilities disbursed to businesses.
2. Investment Product Management Fees: Ceviant Finance and Ceviant Asset earn fees from structured investment products: Cevifixed, Cevicall, CeviInterest, Cevisave (fixed-income notes for NGN and USD), and discretionary private wealth products.
3. Cross-Border FX and Transfer Fees: Ceviant X generates revenue through foreign exchange spreads and transaction fees on cross-border payments across 130+ currencies for corporates and HNIs.
4. Payment Processing Fees: Ceviant Pay earns transaction/merchant fees on domestic and cross-border payment processing, collections, and payout services for enterprise clients.
5. API/Platform Access Fees: Monetization of API access for B2B partners embedding virtual accounts, payments, and credit into their platforms via developer integrations.

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels6 records

Core offering

Ceviant operates a regulated fintech group providing lending, investment products, asset management, cross-border payments, foreign exchange, and domestic payment processing across the UK and Nigeria through four subsidiaries (Ceviant Finance, Ceviant Asset, Ceviant X, Ceviant Pay). The company offers an API-first embedded finance platform enabling B2B partners to integrate virtual accounts, transfers, payouts, and credit directly into their products. Services are delivered under licenses from FCA, CBN, SEC, and GLEIF.

Product overview

Ceviant is a B2B2C fintech group operating a unified multi-product financial ecosystem across the UK and Nigeria. The platform comprises four core subsidiaries: Ceviant Finance (working capital, asset financing, and investment products), Ceviant Asset (portfolio management with SEC-regulated investment products including NGN/USD notes and treasury instruments), Ceviant X (cross-border payments, FX trading across 130+ currencies, and treasury services), and Ceviant Pay (domestic payments, payment gateway, and API infrastructure). All four products share a unified technology platform and API layer, enabling seamless end-to-end financial services. Ceviant also offers developer-facing products including Virtual Account API, Payment & Transfer API, Credit API, CeviantPay SDK, and OnLending SDK for platform embedding. The ecosystem is connected through shared compliance infrastructure (CBN, SEC, FCA regulation) and common banking partnerships (NIBSS network).

Differentiator

Problem solved

Functional benefit

Brands

• Cevifixed: Fixed income investment product requiring minimum lock-in of ₦2m with flexible terms and guaranteed interest rate.
• Cevicall
• CeviInterest
• Cevisave
• Ceviant Liquidity NGN Note
• Ceviant Liquidity USD Note

Products and services

• Ceviant Finance Business lending and investment arm offering working capital loans, asset financing, and structured financing solutions to businesses, alongside investment products for capital providers seeking guaranteed returns.
• Ceviant Asset SEC-regulated portfolio management and investment solutions offering curated opportunities including Nigerian Treasury Bills, FGN Bonds, Commercial Papers, Euro Bonds, and structured notes for individuals and businesses.
• Ceviant X Cross-border financial platform enabling corporates, high-net-worth individuals, and UK businesses to move money globally, manage currency across 130+ currencies, and optimize liquidity through FX trading, cash flow management, and treasury services.
• Ceviant Pay Enterprise payment platform providing multichannel payment processing, domestic payments, API-driven payment infrastructure, and financial automation with PCI-DSS compliance for secure transaction processing.
• Cevifixed Fixed-term investment product requiring minimum lock-in of ₦2 million with flexible terms and guaranteed interest rate for capital providers.
• Cevicall Flexible savings/investment product with fixed interest, zero penalties, flexible tenures, easy rollover, and access requiring minimum lock-in of ₦1 million.
• CeviInterest Investment product with upfront interest payment, competitive rates, and flexible durations requiring minimum investment of ₦2 million.
• Cevisave Savings product with growing interest rates, flexible tenures, and early access option requiring minimum balance of ₦500,000.
• Ceviant Liquidity NGN Note Fixed-income investment offering steady Naira returns with zero volatility, registered with SEC Nigeria, for cautious investors, retirees, and professionals saving toward major goals.
• Ceviant Liquidity USD Note Dollar-denominated portfolio featuring assets like Eurobonds and U.S. Treasuries, registered with SEC Nigeria, designed for dollar earners, diaspora investors, and HNIs seeking stability and international exposure.
• Ceviant Non-Discretionary Private Product Investment product for clients who seek control over their investment decisions to earn superior returns or income from various available investment opportunities.
• Virtual Account API API enabling instant assignment of NUBAN-compliant virtual accounts to customers or partners for collections, wallet top-ups, and smart reconciliation across multiple users.
• Payment & Transfer API API for processing fund transfers including single transfers, bulk transfers, account enquiries, and transaction history retrieval. Supports transfers to 200+ Nigerian banks via NIBSS.
• Credit API API enabling loan creation, disbursement, and management for embedded credit capabilities. Includes loan account creation, schedule calculation, and repayment tracking.
• CeviantPay SDK JavaScript/TypeScript SDK for embedding payment collection in web applications with support for NGN currency, public key authentication, and DEV/PROD environment modes.
• OnLending SDK SDK for launching embedded lending/booking portal via secure iframe with support for ticket-price-based lending and booking reference integration.

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration5 records

Feature7 records

Partnerships

One partnership is on record.

• RapidLEIcoreStrategic or Co-development Partner · 25 May 2023Ceviant and RapidLEI partnered to increase transparency in international business and trade through LEI (Legal Entity Identifier) issuance. Ceviant is a GLEIF-licensed LEI issuer, and this partnership enables streamlined LEI registration for businesses needing verified legal entity identities for cross-border transactions.

Scale indicators6 records

Recent moves10 records

Expansion highlights6 records

Direct peers

• LemFi: LemFi is a UK-headquartered cross-border remittance platform built specifically for the UK-Nigeria corridor, offering multi-currency accounts and transfers to Nigerians and diaspora users. Same corridor focus, same primary customers, same multi-currency wallet positioning as Ceviant X.
• Grey: Grey provides multi-currency accounts and cross-border payments for individuals and businesses in emerging markets, with strong Nigeria presence (USD/NGN). Direct overlap with Ceviant X and Ceviant Finance on target customers and use cases.
• Verto: Verto is a B2B cross-border payments platform serving emerging market businesses with multi-currency accounts, FX, and treasury management. Comparable to Ceviant X's enterprise cross-border offering.
• Geegpay: Geegpay is a Nigeria-rooted platform offering multi-currency business accounts (USD, GBP, EUR, NGN) and cross-border payments, targeting African freelancers, SMEs, and remote teams. Similar customer base and FX/corridor focus as Ceviant Finance and X.

Broad incumbents

• Flutterwave: Flutterwave is a leading African payments platform offering payment processing, remittances, and FX across 30+ countries. Broader incumbent with overlapping payment infrastructure and Nigerian regulatory footprint, competing for many of the same enterprise customers as Ceviant Pay.
• Chipper Cash: Chipper Cash is a pan-African cross-border payments and remittance app operating in Nigeria, UK, and US. Broader incumbent overlapping with Ceviant X on UK-Nigeria transfers and with Ceviant Pay on consumer payment flows.
• WorldRemit: WorldRemit is a global digital remittance provider with strong UK-to-Africa corridors. Larger incumbent in the same UK-Nigeria and adjacent African corridors that Ceviant X serves.
• Interswitch: Interswitch is a Nigerian payments infrastructure company operating payment processing, card schemes, and digital banking. It competes broadly with Ceviant Pay in domestic Nigerian payment processing and adjacent services.

Emerging players

• Unit.co: Unit.co is an embedded banking platform providing API-based business accounts, payments, and lending-as-a-service. Comparable to Ceviant's API-first BaaS-like motion (Virtual Account, Credit APIs, SDKs) targeting SaaS and marketplace integrations.
• Bamboo: Bamboo is a Nigerian-founded platform giving diaspora and African users access to US equities and dollar-denominated investments. Overlaps with Ceviant Asset's USD Liquidity Notes and dollar-denominated investment offerings targeting HNIs and diaspora investors.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

Compliance10 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Subsidiaries5 records

Funding overview

Funding rounds2 records

Investors8 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Ceviant Finance