Letshego Faidika Bank Tanzania

What Letshego Faidika Bank Tanzania does

Letshego Faidika Bank Tanzania is a licensed Commercial Bank operating in Dar es Salaam, Tanzania, founded in 2010 as a majority-owned subsidiary of Letshego Holdings Limited, a pan-African financial services group headquartered in Gaborone, Botswana and listed on the Botswana Stock Exchange (ticker LHL). The entity provides digital lending, deposit-taking, and mobile banking solutions targeting financially underserved individuals and microenterprises, with loan ticket sizes ranging from LSL1,000 to LSL250,000 over 6-60 month tenors used for housing, education, business funding, and health needs. Distribution combines physical branches with a direct sales agent field force designed to extend service into remote areas.

The company operates within a group architecture that includes LetsConnect, a wholly-owned digital financial services platform, and a Digital Mall storefront at letsgo.letshego.com, giving the Tanzania subsidiary access to group-level digital infrastructure beyond what a standalone Tanzanian microfinance bank could build. Its business model is a commercial banking model anchored on net interest income from micro-loans and increasingly deposit products, monetising financial inclusion rather than transaction fees. Letshego Faidika Bank Tanzania sits within the Letshego group's East African footprint, which on April 27, 2026 the parent announced it intends to divest to Axian as part of a strategic refocus on Southern Africa. As a result, the entity's strategic trajectory is now contingent on the closing and terms of that divestiture transaction.

Name

Letshego Faidika Bank Tanzania

Legal name

Letshego Holdings Limited

Website

https://letshego.com

Company type

Public

Founded year

1998

Operating status

Operating

Headcount range

101–250 employees

Short description

Letshego Faidika Bank Tanzania is a licensed commercial bank in Dar es Salaam, majority-owned by Letshego Holdings Limited, providing digital lending, deposits, and mobile banking to underserved individuals and microenterprises across Tanzania.

Ownership category

akta.pro rank

Product category

Retail Banking / Microfinance

NAICS

Depository Credit Intermediation (5221)

SIC

Functions Related To Depository Banking, Nec (6099)

akta.pro primary industry

SBA/Government-Backed & Development Finance Loans (FSAKAGAI)

Keywords

• Microfinance lending
• Consumer banking
• Financial inclusion
• Mobile banking services
• Deposit-taking services

Headquarters

HQ city

Dar Es Salaam

HQ country

Tanzania

HQ region

Africa

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Distribution channels2 records

Marketing channels5 records

Core offering

Letshego Faidika Bank Tanzania operates as a licensed Commercial Bank in Tanzania providing digital lending, deposit-taking, and mobile banking services to underserved individuals and microenterprises. Core offerings include microfinance loan products (LSL1,000 to LSL250,000 over 6 to 60 months) typically used for funding new businesses, housing, education, or improving health, delivered through branches, direct sales agents, and the LetsConnect digital platform.

Product overview

Letshego Faidika Bank Tanzania operates as part of Letshego Holdings Limited, a pan-African financial services group focused on financial inclusion. The group offers digital lending and mobile banking services across 11 African countries including Tanzania. The primary offerings include accessible loan products, deposit-taking services, and alternative distribution channels such as digital platforms and sales agents. The company targets financially underserved populations, providing solutions ranging from LSL1,000 to LSL250,000 loans over periods of 6 to 60 months, typically used for housing, education, business funding, and health expenses.

Differentiator

Problem solved

Functional benefit

Brands

• LetsConnect: Digital Mall platform offering digital financial services

Products and services

• Letshego Faidika Bank Tanzania Microfinance Loans Microfinance loan products ranging from LSL1,000 to LSL250,000 over periods of 6 to 60 months, used by underserved Tanzanian individuals and microenterprises for funding new businesses, housing, education, or improving health.
• Letshego Faidika Bank Tanzania Deposit-Taking and Banking Services Deposit-taking and standard commercial banking services offered by Letshego Faidika Bank Limited as a licensed Commercial Bank operating in Tanzania.
• LetsConnect Digital Platform LetsConnect is a digital financial services platform and Digital Mall of Letshego Holdings Limited, offering accessible digital financial services including digital lending and mobile banking experiences for underserved customers across the group's pan-African footprint.

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• AxianmajorStrategic or Co-development Partner · 27 April 2026Letshego announced proposed sale of selected East and West African businesses to Axian as part of strategic focus on Southern Africa. This represents a major strategic transaction for the group.

Recent moves5 records

Expansion highlights4 records

Emerging players

• LAPO Microfinance Bank: Nigeria-headquartered microfinance bank focused on low-income, microenterprise, and SME segments; comparable niche focus but with a narrower product set and geographic footprint.

Direct peers

• KCB Group: Large East African commercial-banking group with deep retail and microfinance exposure across Kenya, Tanzania, Uganda, Rwanda; comparable deposit-led inclusive-banking model.
• Equity Group Holdings: Kenya-headquartered banking group widely regarded as Africa's leading financial-inclusion and mobile-banking franchise; near-identical model targeting underserved retail and SME customers across East Africa.
• Co-operative Bank of Kenya: East African retail-led commercial bank with a strong inclusive-banking franchise across SME and salaried segments; comparable customer profile and East African footprint.
• Bayport Financial Services: Pan-African consumer-credit and financial-inclusion lender operating across multiple sub-Saharan markets; directly comparable on consumer-credit focus and multi-country emerging-market model.
• National Microfinance Bank (NMB) Tanzania: Tanzania's leading microfinance-originated commercial bank serving the underserved and SME segments; most direct functional peer on microfinance-banking hybrid model.
• CRDB Bank Public Limited Company: Largest listed Tanzanian commercial bank with a strong retail and inclusive-banking franchise; directly comparable on geography, customer segment, and deposit-taking license.

Broad incumbents

• Stanbic IBTC Holdings: Standard Bank Group-affiliated Nigerian banking franchise with growing pan-African reach and meaningful retail / consumer-credit exposure; broader incumbent with inclusive-banking overlap.
• Ecobank Transnational Incorporated: Large pan-African commercial-banking group operating across West, Central, East and Southern Africa; broader incumbent offering inclusive-banking products alongside corporate and treasury services.
• Access Holdings plc: Nigerian-headquartered commercial banking group with pan-African expansion (including substantial East and West Africa presence); larger incumbent with overlap in retail and SME banking.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xtwitter.com/LetshegoGroup
• Facebookfacebook.com/Letshego-Group-135270290215421
• LinkedInlinkedin.com/company/letshego-holdings-limited

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries3 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 Letshego Faidika Bank Tanzania