Clane Company
Clane Company Nigeria Limited is a CBN-licensed fintech providing POS, online payment gateway, and digital payment services (ClanePOS, Clane Gateway, ClanePay) to SMBs, retailers, enterprises, and government/NGO clients across Nigeria, backed by Wema Bank for settlement.
- Company typePrivate
- Founded2017
- HeadquartersLagos, Nigeria
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
What Clane Company does
Clane Company Nigeria Limited is a Lagos-based fintech operating as a Central Bank of Nigeria (CBN) licensed Payment Solution Service Provider. Founded in 2017 and headquartered in Victoria Island, Lagos, the company serves individuals, small businesses, retailers, enterprises, and government/NGO clients across Nigeria with multi-channel payment acceptance and merchant management tools. Its core product suite centres on ClanePOS (in-person point-of-sale accepting transfers, USSD, cards, and QR codes with multi-user sub-accounts and real-time dashboards), Clane Gateway (online checkout, payment links, and branded invoices), and ClanePay (digital payments, transfers, and bill pay), with ClaneLab positioned as a product/research line in the ecosystem. The technology stack combines a self-serve merchant web/mobile application with a payment gateway, APIs for merchant integration, 3D-Secure support, and PCI-DSS compliant cardholder data handling. Clane's commercial model is transaction-fee based on processed volumes with a pay-as-you-go cadence; pricing is quote-based and not publicly disclosed but marketed as lower than competing Nigerian POS providers. Distribution is hybrid: bottom-up self-serve signup via merchantapp.clane.com and mobile apps for SMBs, plus direct enterprise sales outreach with dedicated demos and onboarding. Settlement and merchant backing are provided through a core partnership with Wema Bank, while regulatory oversight sits with the CBN. The company reports serving 500+ businesses and 100,000+ end users, led by CEO Dipo Alabede, with a disclosed 2020 financing from Oui Capital and Trium Limited.
Clane Company firmographics
Firmographics- Name
- Clane Company
- Legal name
- CLANE COMPANY NIGERIA LIMITED
- Website
- https://clane.com
- Company type
- Private
- Founded year
- 2017
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Clane Company Nigeria Limited is a CBN-licensed fintech providing POS, online payment gateway, and digital payment services (ClanePOS, Clane Gateway, ClanePay) to SMBs, retailers, enterprises, and government/NGO clients across Nigeria, backed by Wema Bank for settlement.
- Ownership category
- akta.pro rank
Where Clane Company is headquartered
LocationHeadquarters
- HQ city
- Lagos
- HQ country
- Nigeria
- HQ region
- Africa
Offices1 record
Markets served
Clane Company business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Infrastructure, Operations, Marketing or Sales
Revenue model
- Transaction Processing Fees: ClanePOS charges transaction fees on payments processed through their platform. The company states they offer low transaction charges compared to other POS providers in the market.
- Payment Gateway Services: Revenue from providing online payment gateway services including payment links, invoicing, and checkout integration for merchants.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | Low transaction charges compared to other POS providers |
Go-to-market motion2 records
Distribution channels5 records
Marketing channels3 records
Clane Company product offering
Product offeringCore offering
Clane provides a CBN-licensed merchant payment platform consisting of ClanePOS for in-person acceptance of transfers, USSD, QR codes, and debit cards with instant payment confirmation and real-time transaction tracking, alongside Clane Gateway for online payment links, branded invoices, and website checkout integration. Merchants can open a business account in under three minutes, create multi-user sub-accounts for staff, and receive settlement backed by Wema Bank.
Product overview
Clane Company Nigeria Limited is a CBN-licensed Payment Solution Service Provider offering a suite of interconnected payment products. The portfolio centers on ClanePOS (a point-of-sale platform for in-person merchant payments supporting transfers, USSD, cards, and QR codes, with multi-user account management and transaction tracking), Clane Gateway (an online payment gateway for website checkout, payment links, and invoicing), ClanePay (a mobile and digital payment platform for transfers, bill payments, and wallet services), and ClaneLab (a research/development product in the ecosystem). The products share a unified merchant dashboard, are backed by Wema Bank, are regulated by the CBN, and collectively serve over 500 businesses and 100,000 customers.
Differentiator
Problem solved
Functional benefit
Brands
- ClanePOS: Point of sale solution enabling merchants to accept payments, instantly confirm payment and manage sales.
- Clane Gateway
- ClanePay
- ClaneLab
Products and services
- ClanePOS A point-of-sale solution enabling merchants to accept in-person payments via bank transfers, USSD, debit cards, and QR codes; instantly confirm transactions within about 20 seconds; create multi-user sub-accounts for staff with branch assignment; and track sales in real time through a web and mobile dashboard. Targets small businesses, enterprises, and retailers in Nigeria.
- Clane Gateway An online payment gateway that lets merchants send customized payment links, create branded invoices, and provide a seamless checkout experience on their websites. Serves individual businesses, larger merchants, and government/NGO customers in Nigeria collecting payments online.
- ClanePay A digital payment platform included in Clane's service ecosystem that enables users to make payments, transfers, and bill payments as part of the suite alongside ClanePOS and ClaneLab.
Quantifiable outcome
- Business account opening in under 3 minutes
- +2 more outcomes
Companies that use Clane Company
Customer profileNamed customers8 records
Segments5 records
Ideal customer profiles4 records
Clane Company technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Feature6 records
Clane Company partnerships and signals
Strategic signalScale indicators3 records
Recent moves6 records
Expansion highlights6 records
Clane Company competitors and assessment
Company assessmentDirect peers
- Paystack: Nigerian payment gateway and processor offering online checkout, POS, and merchant APIs. Direct competitor to Clane Gateway and ClanePOS, serving overlapping SMB and enterprise merchants in Nigeria.
- Flutterwave: Pan-African payment infrastructure company providing gateways, POS, and cross-border payment APIs. Closely comparable to Clane's gateway and multi-rail acceptance proposition, with stronger scale.
- Interswitch: Nigerian payments pioneer offering Quickteller, POS terminals (Interswitch PayDirect), and gateway services. Comparable to Clane across in-person and online merchant acquiring with extensive bank integrations.
- Moniepoint: Nigeria-focused POS and merchant banking platform serving SMBs with card and transfer acceptance. Directly comparable to ClanePOS in target segment (informal and small merchants) and product surface.
- OPay: Nigeria-based super-app offering POS terminals, merchant payments, and consumer wallets. Competes with Clane on POS and transfer acceptance, with a much larger consumer wallet funnel.
- Squad (by Hydrogen): Nigerian POS and payment platform targeting SMBs with card and transfer acceptance, instant settlement, and merchant dashboards. Closely comparable feature set to ClanePOS, including multi-user accounts.
- Remita: Nigerian payment gateway and merchant services provider offering online collections, POS, and bill payments. Comparable to Clane Gateway and ClanePay across merchant and government verticals.
- Paga: Nigerian mobile payment operator providing merchant acquiring, POS, and consumer payments. Comparable to Clane in serving Nigerian consumers and merchants with bank and USSD rails.
Broad incumbents
- Stripe: Global payment gateway and processing platform that owns Paystack; offers APIs and omnichannel merchant solutions. Provides the global benchmark for the gateway product Clane's Clane Gateway competes against in Nigeria.
- Block (Square): Global provider of POS hardware and integrated payments software for SMBs. Relevant benchmark for Clane's POS hardware-plus-software proposition, though focused outside Nigeria.
Market position
Strengths5 records
Weaknesses4 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
Clane Company social profiles
Digital presenceClane Company compliance and trust
Trust signalCompliance1 record
Clane Company financial estimates
Financial estimateRevenue estimate
Valuation estimate
Clane Company leadership team
Management profileNumber of profiles
Profiles2 records
Clane Company funding detail
Funding detailFunding overview
Funding rounds1 record
Investors2 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Clane Company M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Clane Company
What does Clane Company do?
Clane provides a CBN-licensed merchant payment platform consisting of ClanePOS for in-person acceptance of transfers, USSD, QR codes, and debit cards with instant payment confirmation and real-time transaction tracking, alongside Clane Gateway for online payment links, branded invoices, and website checkout integration. Merchants can open a business account in under three minutes, create multi-user sub-accounts for staff, and receive settlement backed by Wema Bank.
Is Clane Company a public or private company?
Clane Company is a private company. It is classified as venture growth investor backed and is currently operating.
When was Clane Company founded?
Clane Company was founded in 2017. It employs 11 to 50 people.
Where is Clane Company based?
Clane Company is headquartered in Lagos, Nigeria, in the Africa region.
How does Clane Company make money?
Two revenue lines are on record. Transaction Processing Fees are the primary driver. The others are payment Gateway Services.
Who are Clane Company's main competitors?
Direct peers on record are Paystack, Flutterwave, Interswitch, Moniepoint, OPay, Squad (by Hydrogen), Remita and Paga. Broad incumbents are Stripe and Block (Square).
Does Clane Company have an API?
Yes. Clane provides APIs for payment processing, fund transfer services, transaction processing, payment infrastructure, and card and token processing for merchants. The Merchant Service Agreement defines 'API' as 'Application Program Interface belonging to CLANE for the purpose of providing the Services.' The agreement describes a non-exclusive, non-transferable license to the CLANE API with accompanying integration technical specifications. Merchants can integrate the gateway into their website to accept payments directly from customers. The agreement also references 3D-Secure implementation via API, fraud protection, compliance support, and post-implementation support. No public API documentation URL, SDK, or developer portal is specified in the source material.