Safe Haven MFB

What Safe Haven MFB does

Safe Haven MFB is a Nigerian microfinance bank operating under a fully digital, branchless model and headquartered in Abuja. It is licensed by the Central Bank of Nigeria (CBN) with deposits insured by the Nigeria Deposit Insurance Corporation (NDIC) under registration RC 1157596. The company serves three customer segments: individual consumers, corporate and business clients, and fintech partners. Its core product surface spans a mobile banking application on iOS and Android, a web portal, debit cards, savings and investment accounts, bill payments, airtime purchases, merchant collections, wallet solutions, and verification services.

The platform is built around public API documentation and a sandbox environment, enabling fintech partners to integrate with the bank for banking-as-a-service style use cases. Underlying infrastructure integrations include Fidelity Bank, Zenith Bank, Interswitch, NIBSS, and Verve, anchoring the company within Nigeria's mainstream payment rails. The company also operates a sub-brand called D' GEN-Z Banking, targeting the Gen-Z demographic.

The business model derives revenue from credit operations (lending funded from collective deposits), debit card issuance fees of N1,000 per card, airtime purchase commissions, merchant service fees, and SMS fees of N4 per message. The pricing model is structurally low-ticket, aimed at high-volume retail and small-merchant activity rather than large-ticket B2B contracts. There are no disclosed funding rounds, parent company, or audited revenue figures in the available data, and the company operates with a stated headcount of 11-50 employees.

Name

Safe Haven MFB

Legal name

Safe Haven MFB

Website

https://safehavenmfb.com

Company type

Private

Operating status

Operating

Headcount range

1–10 employees

Short description

Safe Haven MFB is a branchless digital microfinance bank headquartered in Abuja, Nigeria, offering savings, lending, debit cards, payments, wallet solutions, and verification via mobile and web to individual consumers, businesses, and fintech partners.

Ownership category

akta.pro rank

Headquarters

HQ city

Abuja

HQ country

Nigeria

HQ region

Africa

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Credit Operations: Uses collective deposits from customers to make investments and issue credit/loans. Core lending revenue stream typical of microfinance banks.
2. Debit Card Issuance: Charges N1,000 for debit card issuance. One-time fee per card.
3. Airtime Purchase Commission: Generates commission revenue from airtime purchases made through the platform.
4. Merchant Service Fees: Collects service fees from merchants/sellers when customers shop using their Safe Haven Card.
5. SMS Fees: Charges N4 per SMS notification to customers.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

Safe Haven MFB is a branchless, Central Bank of Nigeria-licensed microfinance bank that delivers savings accounts, fund transfers, bill payments, physical debit cards, and credit services through a mobile application and web platform. It also offers fintech partners API-based services for collections, wallet solutions, payments, and identity verification.

Product overview

Safe Haven MFB operates as a branchless digital microfinance bank offering a unified mobile-first banking platform. The core offering consists of the Safe Haven Mobile App available on Android and iOS, complemented by Individual and Corporate Banking services. The product suite includes D' GEN-Z Banking as a targeted sub-brand for younger customers, the Safe Haven Card (a physical debit card with home delivery), and modular services such as Savings Accounts, Collections, Wallet Solutions, Payments, Verification Services, and Airtime Purchase. The platform is fully digital, requiring no physical branches, and delivers banking services via smartphone or browser with internet connectivity.

Differentiator

Problem solved

Functional benefit

Products and services

• Safe Haven Mobile App
• Individual Banking
• Corporate Banking
• D' GEN-Z Banking
• Safe Haven Card
• Collections API
• Wallet Solutions API
• Payments API
• Verification Services API

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Five partnerships are on record, tiered core.

• Fidelity BankcoreTechnology or IntegrationDisplay partner on Safe Haven's website. Fidelity Bank is a major Nigerian commercial bank that likely provides payment processing, settlement, or interoperability services.
• Zenith BankcoreTechnology or IntegrationDisplay partner on Safe Haven's website. Zenith Bank is a leading Nigerian financial institution that likely provides payment processing, settlement, or interoperability services.
• InterswitchcoreTechnology or IntegrationInterswitch is a leading African payment technology company providing payment gateway and switching services that enable card transactions and payment processing.
• NIBSS (Nigerian Interbank Settlement Scheme)coreTechnology or IntegrationNIBSS provides the infrastructure for interbank transfers and settlement in Nigeria, enabling Safe Haven to participate in the national payment ecosystem.
• VervecoreTechnology or IntegrationVerve is a Nigerian card scheme providing debit/credit cards. Safe Haven issues Verve-compatible cards for ATM withdrawals and point-of-sale transactions.

Scale indicators2 records

Recent moves5 records

Expansion highlights5 records

Broad incumbents

• PalmPay: Pan-African mobile payments platform expanding into consumer banking; broader geographic footprint but overlapping digital banking, consumer wallet, and merchant services with Safe Haven in Nigeria.
• OPay: Large Nigerian fintech super-app with broader wallet, payments, and consumer banking portfolio; broader product scope but competes for the same consumer-facing digital banking and merchant activity as Safe Haven.

Direct peers

• FairMoney: Nigerian microfinance institution offering mobile-first consumer lending and savings through a smartphone app; directly overlaps with Safe Haven on regulatory class, target market, and product mix.
• Carbon: Nigerian digital consumer lending and payments platform; comparable to Safe Haven on digital credit underwriting to Nigerian consumers and bill payment/transfer functionality.
• Moniepoint: Nigerian digital bank and payments platform focused on SMEs and consumers; overlaps with Safe Haven on mobile-first banking, merchant services, and consumer payments.
• Sparkle: Nigerian digital banking platform serving individuals and small businesses; similar mobile-first, branchless model with overlapping consumer banking and payments products.
• Renmoney: Established Nigerian microfinance bank offering consumer loans and savings with growing digital channels; very close product set and target customer base to Safe Haven within the same regulatory class.
• Kuda Bank: Nigerian digital-only bank with a mobile-first consumer focus and no physical branches; Safe Haven and Kuda compete for the same tech-savvy Nigerian consumers seeking branchless banking, savings, and credit products.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/safehavenmfb
• GitHubgithub.com/SafeHavenMFB
• Facebookfacebook.com/SafeHavenMFB

Compliance2 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

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Safe Haven MFB