Union Systems Limited
Union Systems Limited is a Lagos-based enterprise software company that builds trade finance, treasury, and financial messaging platforms (Kachasi, Egora, Optimus, Sakobia) for African commercial and merchant banks and the corporates they serve.
- Company typePrivate
- Founded2005
- HeadquartersLagos, Nigeria
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
What Union Systems Limited does
Union Systems Limited (USL) is a Lagos-headquartered, privately held enterprise software company that builds trade finance, treasury, and financial messaging platforms for African banks and the corporates they serve. Its flagship product, Kachasi, automates the full lifecycle of letters of credit, collections, guarantees, payments, and reconciliation, and is augmented by Egora (treasury management across banking, trading, and investment books), Optimus (corporate self-service portal), and Sakobia (an enterprise payment and messaging hub supporting SWIFT MT, ISO 20022, CBPR+, TARGET2, SEPA, PAPSS, RTGS, and NIBSS). Supporting infrastructure includes the Tentacles enterprise service bus, the Isura support portal, and the Curia Digital judicial automation platform. The company differentiates through regional regulatory readiness, including integration with Nigeria's Trade Monitoring System and 150+ automated regulatory reports, ISO 9001:2015 and ISO 27001:2022 certifications, and a 99.9% uptime SLA.
The company monetizes through multi-year enterprise licensing, professional services (implementation, integration, customization, and training), and recurring support, with USL Academy (launched June 2026) extending into structured training and certification. Distribution is direct enterprise sales to bank executives and operations/IT leadership, with named clients including Fidelity Bank, FCMB, WEMA Bank, Coronation Merchant Bank, and Rand Merchant Bank Nigeria. Pricing is quote-based, not publicly disclosed. Operating geographies are concentrated in Africa with Nigeria as primary market, and the ownership profile appears founder/management-led with no disclosed institutional investors.
Strategic priorities evident in the source material include deepening product stickiness through training and AI-based fraud detection, displacing global incumbents in trade finance (evidenced by RMB Nigeria's migration from Finastra's Trade Innovation), and extending the platform into adjacent verticals such as the judiciary via Curia Digital. The 11-50 employee headcount and undisclosed financials indicate a focused but tightly scoped operating footprint relative to its pan-African ambitions.
Union Systems Limited firmographics
Firmographics- Name
- Union Systems Limited
- Legal name
- Union Systems Limited
- Website
- https://unionsystems.com
- Company type
- Private
- Founded year
- 2005
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Union Systems Limited is a Lagos-based enterprise software company that builds trade finance, treasury, and financial messaging platforms (Kachasi, Egora, Optimus, Sakobia) for African commercial and merchant banks and the corporates they serve.
- Ownership category
- akta.pro rank
Union Systems Limited industry classification
Industry- Product category
- Trade Finance and Banking Software
- NAICS
- Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (518210), Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320), All Other Business Support Services (561499)
- SIC
- Services-Computer Programming, Data Processing, Etc. (7370), Services-Computer Programming Services (7371)
- akta.pro primary industry
- Core Banking & Ledger Systems (Cloud Core, Deposits, Accounts) (FSAGAAAC)
- akta.pro secondary industries
- Multi-Currency Accounts, Wallets & IBAN Services (FSAMAIAG), Structured Trade & Export Credit (ECA-backed, Structured Solutions) (FSABAHAJ)
Keywords
Where Union Systems Limited is headquartered
LocationHeadquarters
- HQ city
- Lagos
- HQ country
- Nigeria
- HQ region
- Africa
Offices1 record
Markets served
Union Systems Limited business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure
Revenue model
- Software Licensing: Union Systems licenses its trade finance, treasury, and banking software to financial institutions. Software includes Kachasi, Egora, Optimus, Sakobia, and related products deployed on-premise or cloud.
- Professional Services: Implementation, system integration, customizations, training, and consultancy services provided alongside software deployment to ensure successful adoption.
- Support Services: Ongoing technical support including on-site and remote assistance to maintain system operations and 99.9% uptime.
- Training Services (USL Academy): Structured training programs for bank professionals on Union Systems products and trade finance operations, including certification courses.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Enterprise licensing and implementation services |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels8 records
Union Systems Limited product offering
Product offeringCore offering
Union Systems Limited develops, licenses, and supports enterprise software for trade finance, treasury management, financial messaging, and corporate banking portals primarily for African banks and financial institutions. Its core offerings include Kachasi (end-to-end trade finance automation), Egora (treasury management), Optimus (corporate portal), and Sakobia (payment and messaging hub), complemented by implementation, integration, customization, training, and ongoing support services.
Product overview
Union Systems Limited offers a platform-plus-modules architecture for trade finance, treasury, and wholesale banking operations across Africa. The core product suite includes: Kachasi (flagship end-to-end trade finance software automating LC issuance, collections, guarantees, and reconciliation); Egora (treasury management system providing whole-bank visibility across cash, securities, and risk); Optimus (corporate self-service portal extending Kachasi to corporate clients); and Sakobia (enterprise payment and messaging hub supporting SWIFT, ISO 20022, and cross-border payment rails). Supporting infrastructure includes Tentacles (enterprise service bus) and Isura (support portal). The portfolio also extends into adjacent verticals via Curia Digital (judicial case management), developed in collaboration with legal experts. USL Academy provides training services for the product ecosystem.
Differentiator
Problem solved
Functional benefit
Brands
- Kachasi: End-to-end trade finance software built to automate the full lifecycle of international and local trade finance operations, from initiation to settlement, compliance, and reporting.
- Egora
- Optimus
- Sakobia
- Isura Support Portal
- Tentacles
- Curia Digital
Products and services
- Kachasi End-to-end trade finance software that automates the full lifecycle of international and local trade finance operations, from initiation to settlement, compliance, and reporting. Supports Letters of Credit, collections, guarantees, payments, and reconciliation. Built on 20+ years of trade finance experience with configurable, regulatory-ready architecture for African banks.
- Egora Treasury Management System delivering a whole-bank view of cash, securities, and risk across banking, trading, and investment books. Consolidates fragmented treasury systems into a single intelligent front-to-back platform for African banks.
- Optimus Corporate self-service portal empowering corporates to initiate, process, and manage trade transactions with their bank from anywhere in the world with real-time monitoring. Extends the Kachasi trade finance experience to corporate customers of African banks.
- Sakobia Enterprise web-based payment and messaging hub designed to manage cross-border, regional, and local payment schemes. Handles SWIFT MT, ISO 20022, CBPR+, TARGET2, SEPA, PAPSS, and NIBSS messaging with AI-driven intelligence for fraud and anomaly detection.
- Curia Digital Cutting-edge enterprise judicial application that automates the end-to-end process of the justice system, empowering governments, courts, and institutions to deliver smarter, faster, and more accountable justice. Developed in collaboration with legal experts.
- USL Academy Structured training programs for bank professionals on Union Systems products and trade finance operations, including role-based certification courses covering the full product suite. Operates as the official training arm of Union Systems Limited.
Quantifiable outcome
- 23.38% YoY increase in Letters of Credit commissions for Fidelity Bank using Kachasi
- +3 more outcomes
Companies that use Union Systems Limited
Customer profileNamed customers6 records
Segments3 records
Ideal customer profiles3 records
Union Systems Limited technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration9 records
AI capability2 records
Feature7 records
Union Systems Limited partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered core.
- First City Monument Bank (FCMB)coreFCMB and Union Systems have renewed their partnership for continued use of Kachasi, a fully automated end-to-end platform providing comprehensive local and international trade finance solutions. The partnership has enabled FCMB to facilitate over $900 million in export trade flows.
- Rand Merchant Bank (RMB) NigeriacoreRand Merchant Bank Nigeria has licensed Kachasi trade finance software from Union Systems, migrating from Finastra's Trade Innovation. This partnership demonstrates Kachasi's competitiveness against global alternatives and strengthens Union Systems' position in the corporate and investment banking segment.
Scale indicators6 records
Recent moves7 records
Expansion highlights6 records
Union Systems Limited competitors and assessment
Company assessmentDirect peers
- Finastra: Global vendor of trade finance and treasury systems (including Trade Innovation, which Union Systems displaced at RMB Nigeria). Operates in the same product category, serving the same corporate/investment bank customers, making it the closest direct competitor.
- Murex: Provides the MX.3 platform for trade finance, treasury, and capital markets — directly comparable to Union Systems' Kachasi and Egora combination for large bank transaction banking needs.
- FIS (Calypso): FIS owns Calypso, a leading front-to-back treasury and capital markets platform, and broader transaction banking capabilities that overlap with Union Systems' treasury and trade offering.
- Intellect Design Arena (iGTB): iGTB is Intellect's transaction banking platform covering trade finance, treasury, and payments — comparable to the Kachasi/Egora/Sakobia suite and a frequent competitor in bank RFPs.
- BPC Banking Technologies: Provides payments and transaction banking software used by African and emerging-market banks, overlapping with Sakobia's payment and messaging capabilities and competing for similar FI customers.
Broad incumbents
- Temenos: A global core and digital banking platform vendor with broad portfolio across retail and corporate banking. While not a direct trade finance specialist, Temenos is regularly shortlisted by African banks alongside Union Systems.
- Oracle Financial Services Software (FLEXCUBE): Provides universal banking and transaction banking solutions widely deployed in African banks. Broader portfolio than Union Systems but competes in adjacent banking software mandates.
- Infosys Finacle: A leading core banking and digital banking platform with broad transaction banking coverage; frequently evaluated by African banks alongside specialists like Union Systems.
Regional players
- NetSol Technologies: Pakistan-origin banking software vendor with strong presence across the Middle East and Africa. Overlaps with Union Systems' trade finance and leasing software footprint in emerging-market banks.
Emerging players
- Path Solutions: Specialist Islamic and core banking software provider serving banks in the Middle East and Africa; competes for transaction banking mandates with niche, locally tuned software similar to Union Systems' approach.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
Union Systems Limited social profiles
Digital presenceUnion Systems Limited compliance and trust
Trust signalCompliance2 records
Union Systems Limited financial estimates
Financial estimateRevenue estimate
Valuation estimate
Union Systems Limited leadership team
Management profileNumber of profiles
Profiles9 records
Union Systems Limited subsidiaries and ownership
Company hierarchySubsidiaries1 record
Union Systems Limited funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Union Systems Limited 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 Union Systems Limited
What does Union Systems Limited do?
Union Systems Limited develops, licenses, and supports enterprise software for trade finance, treasury management, financial messaging, and corporate banking portals primarily for African banks and financial institutions. Its core offerings include Kachasi (end-to-end trade finance automation), Egora (treasury management), Optimus (corporate portal), and Sakobia (payment and messaging hub), complemented by implementation, integration, customization, training, and ongoing support services.
Is Union Systems Limited a public or private company?
Union Systems Limited is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Union Systems Limited founded?
Union Systems Limited was founded in 2005. It employs 11 to 50 people.
Where is Union Systems Limited based?
Union Systems Limited is headquartered in Lagos, Nigeria, in the Africa region.
How does Union Systems Limited make money?
Four revenue lines are on record. Software Licensing is the primary driver. The others are professional Services, support Services and training Services (USL Academy).
Who are Union Systems Limited's main competitors?
Direct peers on record are Finastra, Murex, FIS (Calypso), Intellect Design Arena (iGTB) and BPC Banking Technologies. Broad incumbents are Temenos, Oracle Financial Services Software (FLEXCUBE) and Infosys Finacle. NetSol Technologies is listed as a regional player. Path Solutions is listed as an emerging player.
Does Union Systems Limited have an API?
No public API is recorded for Union Systems Limited.
What industry is Union Systems Limited in?
Union Systems Limited's product category is Trade Finance and Banking Software. Its primary akta.pro industry code is FSAGAAAC, Core Banking & Ledger Systems (Cloud Core, Deposits, Accounts), with a secondary code of FSAMAIAG, Multi-Currency Accounts, Wallets & IBAN Services. Its NAICS code is 518210 and its SIC code is 7370.