DALEX FINANCE & LEASING

What DALEX FINANCE & LEASING does

Dalex Finance and Leasing Company Limited is a Ghanaian non-bank financial institution licensed in 2005 by the Bank of Ghana as a Special Deposit-Taking Institution (SDI). It operates exclusively through digital channels under a branchless and cashless model, with headquarters in Accra and 251-500 employees, and is privately held with no disclosed institutional investors.

The company offers three core products. The Fixed Deposit Account (FDA) accepts retail and institutional deposits at tiered rates of 5.50% (91 days), 6.50% (182 days), and 10.00% (365 days), with auto-renewal, no fees, and access to low-rate loans for FDA investors. Dalex Swift is a mobile-first contributory investment account with a phone-number-based identifier, competitive compound interest, no MoMo transaction charges, and minimum contributions as low as GHC 10. Salary Loans to government workers are originated and disbursed within a maximum of two hours via a fully digital, mobile-first workflow, with the company explicitly citing lower default rates versus SME lending.

Revenue is generated from net interest spread on the salary loan book, funded primarily by retail fixed deposits and Dalex Swift balances. The company is led by CEO Joe Jackson, a Fellow of the Chartered Institute of Economists Ghana (ICEG) and former founder of theSOFTtribe, with a board that includes chartered accountants with UK and Ghana finance leadership experience. Distribution is entirely digital via the Dalex Swift app, the corporate website, and organic social channels, supplemented by thought-leadership event participation.

Name

DALEX FINANCE & LEASING

Legal name

Dalex Finance And Leasing Company Limited

Website

https://dalexfinance.com

Company type

Private

Founded year

2005

Operating status

Operating

Headcount range

251–500 employees

Ownership category

akta.pro rank

Headquarters

HQ city

Accra

HQ country

Ghana

HQ region

Africa

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Salary Loans to Government Workers: Primary lending product targeting government employees with predictable salary streams, generating interest income on loan disbursements. Lower default rates cited compared to SME lending.
2. Fixed Deposit Accounts (FDA): Accepts fixed deposits from retail and institutional investors at competitive interest rates (5.50% for 91 days, 6.50% for 182 days, 10.00% for 365 days), using pooled deposits to fund lending operations.
3. Dalex Swift Digital Savings/Investment: Digital contributory investment account offering competitive compound interest returns to investors, with phone number as account identifier and no MoMo transaction charges.

Pricing tiers

Go-to-market motion2 records

Distribution channels2 records

Marketing channels5 records

Core offering

Dalex Finance and Leasing Company Limited is a Bank of Ghana-licensed Special Deposit-Taking Institution (SDI) that provides digital salary loans to government workers, fixed deposit investment accounts, and a mobile-first savings/investment product called Dalex Swift. The company operates entirely branchless and cashless, processing and disbursing loans within a maximum of 2 hours via mobile devices anywhere in Ghana.

Product overview

Dalex Finance and Leasing Company Limited operates as a Bank of Ghana-licensed Special Deposit-Taking Institution (SDI) since 2005 and has been the foremost digital non-bank finance company in Ghana since 2018. The company offers three core digital financial products: Fixed Deposit Account (FDA) providing guaranteed fixed returns across flexible terms (91, 182, and 365 days) with no fees and auto-renewal; Dalex Swift a mobile-first contributory investment account with phone-based unique identifiers, competitive compound interest, and fee-free transactions; and Salary Loans delivering government workers disbursement within 2 hours via fully digital mobile-first processes. All operations are branchless and cashless, with loans primarily provided to government workers who have historically demonstrated lower default rates.

Differentiator

Problem solved

Functional benefit

Brands

• Dalex Swift: A SMART Money Move - investment account allowing users to grow their money with ease, featuring digital management, competitive returns, and no MoMo charges.
• Fixed Deposit Account (FDA)

Products and services

• Fixed Deposit Account (FDA) Investment product offering guaranteed fixed interest rates for terms of 91 days (5.50%), 182 days (6.50%), and 365 days (10.00%), with features including auto renewal, no fees, guaranteed returns, high liquidity, and access to low-rate loans. Targeted at retail and institutional investors in Ghana seeking secure, competitive-return savings.
• Dalex Swift Digital mobile-first contributory investment account allowing users to grow money through regular contributions starting from as low as GHC10, with phone number as unique identifier, competitive compound interest rates, and no mobile money transaction charges. Targeted at individual investors in Ghana seeking accessible digital savings.
• Salary Loans Digital loan product primarily targeting government workers with predictable salary streams, offering end-to-end loan origination and disbursement within a maximum of 2 hours via mobile-first processes anywhere in Ghana. Cites lower default rates than SME lending as a key risk-management factor.

Quantifiable outcome

• 2-hour maximum loan processing time anywhere in Ghana
• +1 more outcomes

Named customers1 record

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Scale indicators4 records

Recent moves5 records

Expansion highlights4 records

Direct peers

• PiggyVest: Nigerian digital savings and investment platform offering fixed-return savings, target savings, and investments to retail customers. Closely comparable to Dalex Swift's mobile-first, contributory, competitive-yield digital savings model.
• M-Kopa: Pan-African fintech providing mobile-based credit and savings products to underbanked customers, with deep operations in East Africa and selective West African expansion. Comparable mobile-first, branchless, deposit-and-credit model.
• Branch International: Mobile-first digital lender offering instant personal loans to salaried and underbanked customers across Africa and other emerging markets. Closely comparable product, customer segment (mobile salary earners), and tech-led origination stack.
• Fido: Ghana-originated mobile-first digital lender offering instant personal loans to consumers via a smartphone app. Directly comparable to Dalex on Ghanaian mobile salary/consumer credit targeting with an underlying credit-and-payments model.
• Carbon (formerly Paylater): Nigerian digital lender providing instant mobile loans to salary earners and consumers across multiple African markets. Closely comparable mobile-first consumer credit model, multi-country expansion playbook, and credit-underwriting profile.

Regional players

• Adehyeman Savings and Loans: Ghana-based savings and loans institution regulated under a similar deposit-taking framework and serving retail and SME customers in Ghana. Comparable regulated deposit-taking business in the same geography.

Broad incumbents

• Kuda Bank: Nigerian digital-only bank offering mobile savings accounts, payments, and consumer credit to retail customers. Same digital-first deposits-plus-credit proposition as Dalex, but operating in a larger neighbouring market and offering broader banking services.
• MTN Ghana MoMo: Dominant Ghanaian mobile money platform from MTN offering savings, transfers, and MoMo Advance micro-credit to millions of users. Same end-customers as Dalex but with a much larger telecom-backed distribution and merchant network.

Emerging players

• ExpressPay Ghana: Ghanaian fintech providing digital payments, POS, and online financial services to consumers and merchants in Ghana. Comparable on the Ghanaian digital financial services theme but focused more on payments than deposit-taking.
• Zeepay: Ghanaian fintech offering digital payments, remittances, and embedded financial services to consumers and merchants. Comparable on a Ghana-focused digital financial services play with B2B2C and consumer-facing components.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/DalexSwift
• Facebookfacebook.com/dalexfinanceltd
• LinkedInlinkedin.com/company/dalex-finance-&-leasing-company-ltd

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles24 records

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 DALEX FINANCE & LEASING