Uniswitch

What Uniswitch does

Uniswitch Technology Limited is a Nigerian payment infrastructure provider headquartered in Yaba, Lagos, operating a portfolio of interconnected financial products under the parent brand. The suite covers Sarepay (payment gateway accepting cards and transfers with virtual account reconciliation), Mozfin (digital banking as a service enabling financial institutions to launch branded accounts and savings products), Pensol (pension remittance with payroll integration), Octopus (POS device acceptance), Bank360 (digital banking), and BillerHQ (bills and airtime), together with dedicated Agency Banking (agent onboarding, cash deposits and withdrawals, real-time transaction tracking) and Disbursement (bulk payroll, vendor, government and NGO payouts) solutions. The platform is built around payment processing rails, virtual account assignment, automated ledger reconciliation, agent network management, and real-time transaction dashboards targeted at Nigerian merchants, banks and microfinance institutions, and organizations executing bulk payouts.

The company holds PCI DSS certification alongside ISO 27001, ISO 27002, ISO 20022, and ISO 8583 standards, and is registered with the Nigeria Data Protection Commission for NDPA 2023 compliance, supporting its positioning with licensed financial institutions and government-adjacent clients. Operating geographies are registered as West Africa while commercial activity is concentrated in Nigeria. Revenue is generated through transaction fees on payment processing, agency banking, disbursements, and pension remittances, supplemented by subscription or usage-based fees for digital banking as a service infrastructure. Distribution is hybrid: self-serve sign-up through branded product websites for SMB customers, and consultative enterprise sales for financial institutions and larger organizations requiring tailored DBaaS and agency banking deployments.

The disclosed headcount is 1-10 employees, no funding rounds, M&A activity, partnerships, or external customer logos are present in the inputs, and the named customers (Mozfin, Sarepay, Octopus, Pensol) appear to be the company's own sub-brands rather than independent end clients. This thin disclosure footprint limits visibility into revenue scale, ownership, and partner ecosystem, and should be a primary diligence focus for any investor.

Name

Uniswitch

Legal name

Uniswitch Technology Limited

Website

https://uniswitchng.com

Company type

Private

Operating status

Operating

Headcount range

11–50 employees

Short description

Uniswitch Technology Limited is a Nigerian payment infrastructure provider operating Sarepay, Mozfin, Pensol, Octopus, Bank360, and BillerHQ to deliver payment gateway, digital banking-as-a-service, agency banking, disbursement, and pension remittance solutions to Nigerian merchants, financial institutions, and bulk-payout organizations.

Ownership category

akta.pro rank

Product category

Payment Infrastructure

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232), Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (518)

SIC

Services-Computer Programming, Data Processing, Etc. (7370)

akta.pro primary industry

Embedded Payments (Pay-ins, Pay-outs, Wallets) (FSAGALAB)

akta.pro secondary industries

Payouts, Disbursements & Mass Payments Infrastructure (FSAGABAN), Embedded Deposit Accounts & Digital Wallet Infrastructure (FSAGALAE), Open Banking, Account Aggregation & Payment Initiation APIs (BPAMAFAJ)

Keywords

• Payment processing
• Digital banking infrastructure
• Agency banking services
• Bulk disbursement solutions
• Pension remittance services

Headquarters

HQ city

Yaba

HQ country

Nigeria

HQ region

Africa

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

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

Revenue model

1. Payment Processing Fees: Transaction-based fees charged on payment collection through the gateway for card and transfer payments
2. Digital Banking Services: Subscription or usage-based fees for digital banking as a service infrastructure provided to financial institutions and businesses
3. Agency Banking Solutions: Fees for managing agent networks and processing agency banking transactions including cash deposits, withdrawals, bill payments, and airtime top-ups
4. Disbursement Services: Fees for bulk payment processing including payroll, vendor settlements, and government/NGO payouts
5. Pension Remittance: Fees for bulk pension contribution processing integrated with payroll systems

Go-to-market motion2 records

Distribution channels3 records

Marketing channels4 records

Core offering

Uniswitch provides a payment infrastructure platform for Nigerian businesses and financial institutions, offering a payment gateway for cards and transfers (Sarepay), Digital Banking as a Service for launching branded banking products (Mozfin), an Agency Banking Solution for agent-based cash deposits, withdrawals, bill payments and airtime sales, and a bulk Disbursement Solution for payroll, vendor, government and NGO payouts. The platform also includes Pension Remittance (Pensol), a POS solution (Octopus), digital banking (Bank360), and bill management (BillerHQ), all unified under one infrastructure with regulatory compliance (PCI DSS, ISO 27001, ISO 20022, NDPC).

Product overview

Uniswitch is a payment infrastructure platform offering a portfolio of interconnected financial solutions. The core offering includes Sarepay (payment gateway for accepting card and transfer payments), Mozfin (digital banking as a service for launching branded banking services), Pensol (pension remittance for automated contribution processing), and Octopus (POS device for in-person payments). Additional products include Bank360 (digital banking), BillerHQ (bill payment), and specialized solutions for Agency Banking (agent network management) and Disbursements (bulk payroll and vendor payouts). The products are designed to work together to provide comprehensive financial infrastructure for businesses.

Differentiator

Problem solved

Functional benefit

Brands

• Sarepay: Payment solution for accepting payments via cards and transfers
• Pensol
• Bank360
• Octopus
• BillerHQ
• Mozfin
• Sarepay
• Mozfin
• Pensol
• Bank360
• Octopus
• BillerHQ

Quantifiable outcome

• 24/7 customer support availability
• +2 more outcomes

Named customers4 records

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

Feature6 records

Scale indicators1 record

Recent moves6 records

Expansion highlights5 records

Direct peers

• Flutterwave: Pan-African payment infrastructure company offering payment gateway, payouts/disbursements, and BaaS-style services across Nigeria and beyond. Directly comparable to Uniswitch across Sarepay, disbursement, and DBaaS product lines.
• Paga: Nigeria-based mobile payments and agency banking platform with broad agent distribution for cash-in/cash-out and bill payments. Comparable to Uniswitch's Agency Banking solution and BillerHQ in the Nigerian market.
• Remita: Nigerian payment and collections platform serving government, corporates, and individuals with bulk payments, bill collections, and disbursement rails. Direct comparable to Uniswitch's disbursement, BillerHQ, and Pensol pension remittance capabilities.
• Paystack: Nigeria-headquartered payment gateway now owned by Stripe, serving Nigerian and broader African merchants with card and transfer acceptance plus payout tools. Direct comparable to Uniswitch's Sarepay payment gateway product.
• Moniepoint: Nigerian fintech offering agency banking, POS, and payment processing with strong distribution across SMBs and agents. Closely comparable to Uniswitch's Octopus POS and Agency Banking solutions in the same Nigerian market.

Broad incumbents

• OPay: Nigeria-based super-app with payments, agency banking, POS, and consumer wallet offerings backed by significant capital. Overlaps with Uniswitch's payment gateway, agency banking, and disbursement products and competes for the same SMB and agent segments.
• Interswitch: Nigeria-founded payment processing powerhouse with proprietary card acquiring, Verve network, and a broad suite of payment and banking infrastructure products. Overlaps with Uniswitch's payment gateway, agency banking, and disbursement offerings at much larger scale.

Emerging players

• Carbon (formerly Paylater): Nigerian digital lender and payments provider with bill pay and disbursement features. Partial overlap with Uniswitch's BillerHQ bill payments and consumer-facing disbursement use cases.
• Maplerise (formerly Cowrywise/SaveBorne): Nigeria-based digital savings and embedded finance infrastructure provider offering wallet and account services to partners. Adjacent comparable to Uniswitch's Mozfin embedded banking-as-a-service product for SMBs and fintech partners.

Regional players

• MFS Africa / Onafriq: Pan-African cross-border payments hub with strong Nigeria and West Africa footprint. Comparable as a payments and disbursement infrastructure provider operating in the same West African geography Uniswitch serves.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks5 records

Key highlights5 records

Customer concentration

• LinkedInlinkedin.com/company/uniswitch

Compliance6 records

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

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 Uniswitch