NOLT Finance Company Limited

What NOLT Finance Company Limited does

NOLT Finance Company Limited is a Central Bank of Nigeria-licensed (license FPR/LAD/CON/FNC/001/065) finance company headquartered in Lagos, Nigeria, providing lending, investment, and advisory services to consumers, SMEs, and government employees. Founded around 2021, the company has disbursed over ₦27 billion in credit and manages over ₦12 billion in customer funds across five years of operation.

The product portfolio is organized into three verticals. The lending vertical includes eight loan products: Personal Loans, Working Capital Loans, Salary Earners Loans, Automobile Loans, Annuitant Loans, Invoice Financing, Public Sector Loans (with direct IPPIS payroll integration enabling payroll-deductible repayments for federal government employees), and Asset Finance Loans. The investment vertical comprises three branded products, NOLT Rise (recurring), NOLT Vault (fixed), and NOLT Surge (compounding), targeting individual investors. The advisory vertical offers personalized financial guidance across personal finance, investment advisory, business succession, and corporate finance. The technology stack is built on API-based integrations with NIBSS, Paystack, Remita, First Bank of Nigeria, NCR, and CRC credit bureau, with a self-serve mobile application for 24/7 portfolio monitoring.

NOLT operates a digital-first, direct-to-consumer go-to-market, acquiring customers through web, mobile app, WhatsApp, and phone channels. Same-day loan approvals are offered to eligible customers, with public sector loans approved within a few hours. Pricing is regulated via an all-inclusive APR cap of 65% per annum, with disclosed flat interest rates varying by product, principal, and tenor. Interest income on the loan book is the primary revenue stream, complemented by management and spread fees on investment AUM, processing and penalty fees, and advisory services. The customer base is segmented across salaried workers, SMEs, IPPIS-enrolled government employees, pensioners, and individual investors, with no large enterprise or institutional customer concentration disclosed.

Name

NOLT Finance Company Limited

Legal name

NOLT Finance Company Limited

Website

https://noltfinance.com

Company type

Private

Founded year

2021

Operating status

Operating

Headcount range

11–50 employees

Short description

NOLT Finance is a CBN-licensed Nigerian finance company offering consumer, SME, and public-sector loans, three branded investment products, and financial advisory services to underserved individuals and businesses, with over ₦27 billion disbursed and ₦12 billion AUM since 2021.

Ownership category

akta.pro rank

Product category

Consumer Lending

NAICS

Finance and Insurance (52)

akta.pro primary industry

Microloans & Working Capital Loans (FSAKAGAA)

akta.pro secondary industries

Overdraft & NSF Fee-Based Short-Term Credit (FSAKAMAF), Fee-Only Advisory (FSAEAAAL)

Keywords

• Consumer lending
• Personal loans
• SME financing
• Investment products
• Financial advisory

Headquarters

HQ city

Ikoyi

HQ country

Nigeria

HQ region

Africa

Offices2 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Loan Interest Income: Primary revenue from interest charged on loans including Personal loans, Working capital loans, Salary Advance loans, Auto loans, Annuitant loans, Invoice Financing, Securities Lending, and Public Sector loans. Interest rates are flat but vary by loan type, amount, and repayment term.
2. Investment Returns Distribution: Revenue generated from managing customer investment funds (NOLT Rise, NOLT Vault, NOLT Surge) with returns paid to investors and NOLT earning spread or management fees on invested capital.
3. Fee Income: Additional revenue from processing fees, management fees, insurance fees, and penalty fees charged on loans. Late payment penalties apply on defaulted amounts.
4. Financial Advisory Services: Revenue from providing expert financial advisory services including personal finance, investment advisory, asset management, business succession, and corporate finance consulting.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels7 records

Core offering

NOLT Finance is a CBN-licensed finance company that provides fast, flexible lending products (personal, working capital, salary advance, automobile, annuitant, invoice financing, public sector, and asset finance loans) and three branded investment products (NOLT Rise, NOLT Vault, NOLT Surge) to underserved Nigerian individuals, pensioners, government employees, and SMEs. The offering is completed by certified financial advisory services covering personal finance, investment advisory, asset management, business succession, and corporate finance.

Product overview

NOLT Finance operates as a CBN-licensed financial services platform offering a portfolio of credit products, investment offerings, and advisory services. The core lending portfolio includes Personal Loans, Working Capital Loans, Salary Earners Loans, Automobile Loans, Annuitant Loans, Invoice Financing, Asset Finance Loans, and Public Sector Loans tailored for government employees. The investment vertical comprises three branded products: NOLT Rise (recurring investments), NOLT Vault (fixed deposits), and NOLT Surge (compound returns). These are complemented by Financial Advisory Services for personalized wealth management. The company positions itself on fast approvals, transparent pricing capped at 65% APR, and inclusive access to financial services for underserved populations in Nigeria.

Differentiator

Problem solved

Functional benefit

Brands

• NOLT Rise: Automated recurring investment plan with flexible investment options tailored to individual goals.
• NOLT Vault
• NOLT Surge

Products and services

• Personal Loans Flexible personal loans tailored to individual needs with competitive flat interest rates, transparent repayment terms, and 90-365 day tenors available to Nigerian consumers.
• Working Capital Loan Business financing for operational expenses, payroll, and inventory restocking, designed for SMEs, retailers, and service providers to bridge cash flow gaps.
• Salary Earners Loan (Salary Advance) Fast, flexible financing for employed individuals with consistent monthly income, covering emergencies, rent, school fees, or personal needs without requiring collateral.
• Automobile Loan Vehicle financing for both new and used vehicles with flexible repayment options and competitive rates for individuals and businesses.
• Annuitant Loan

Quantifiable outcome

• Over ₦27 billion in credit disbursed and ₦12 billion in customer funds managed over five years of operation

Named customers4 records

Segments5 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Five partnerships are on record, tiered core.

• NIBSS (Nigerian Inter-Bank Settlement Scheme)coreTechnology or IntegrationNIBSS provides payment infrastructure and settlement services enabling fund transfers and digital payment processing for NOLT Finance operations.
• PaystackcoreTechnology or IntegrationPayment processing integration for secure online transactions and fund disbursements.
• RemitacoreTechnology or IntegrationE-payment platform integration for processing financial transactions and collections.
• CRC (Credit Risk Management)coreTechnology or IntegrationCredit bureau integration for credit risk assessment and responsible lending verification.
• First Bank of NigeriacoreTechnology or IntegrationBanking partner for fund transfers, disbursements, and collection services.

Scale indicators4 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Piggyvest: Piggyvest is a Nigerian licensed digital savings and investment platform, directly comparable to NOLT's investment vertical (NOLT Rise, Vault, Surge) targeting retail investors seeking better returns than traditional savings.
• FairMoney: FairMoney is a Nigerian digital lender providing salary-backed and SME loans via a mobile app, directly overlapping with NOLT's salary advance, personal, and working capital products for Nigerian consumers and small businesses.
• Cowrywise: Cowrywise is a CBN-registered Nigerian digital investment platform offering savings and mutual fund products to retail investors. It overlaps with NOLT's NOLT Rise/Vault/Surge investment suite in addressing Nigeria's under-penetrated retail savings market.
• Renmoney: Renmoney is a CBN-licensed Nigerian consumer and SME lender offering personal, salary, and business loans, comparable to NOLT's regulated multi-product credit platform serving similar underserved borrowers.
• Carbon (formerly Paylater): Carbon is a Nigerian-licensed digital lender offering consumer loans to individuals and SMEs via mobile app, with a similar direct-to-consumer, digital-first model and same-day approval positioning to NOLT. Both target underserved Nigerian borrowers excluded from traditional bank credit.

Broad incumbents

• Moniepoint: Moniepoint (formerly TeamApt) is a major Nigerian fintech providing payments, banking, and credit services to SMEs and agents. Its SME credit offering competes with NOLT's working capital and invoice financing products for the same Nigerian small-business segment.
• Kuda Bank: Kuda is a Nigerian digital-only bank offering deposits, payments, and increasingly credit products to consumers and SMEs. As a broader incumbent in Nigerian fintech, it competes for the same digitally-native customer base NOLT serves, though with deposit-taking capabilities NOLT lacks.

Emerging players

• Lidya: Lidya is an African digital SME lender providing working capital and invoice financing to small businesses across Nigeria and other markets. It directly competes with NOLT's invoice financing and SME working capital loans using similar data-driven underwriting.
• Tala: Tala is a mobile lending platform using alternative credit data to serve thin-file borrowers in emerging markets, with a presence in Nigeria. Its underwriting and digital-onboarding approach parallels NOLT's data-driven, smartphone-first lending model.
• Branch International: Branch is a digital lender operating across Nigeria and other emerging markets, offering salary-based and SME loans via mobile. While it operates in multiple countries, its Nigeria business is a direct comparable for NOLT's salary-advance and SME credit products.

Market position

Strengths1 record

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/noltfinance
• Facebookfacebook.com/NOLT.Finance
• LinkedInlinkedin.com/company/noltfinance

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 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 NOLT Finance Company Limited