NESTPAY DIGITAL LIMITED

What NESTPAY DIGITAL LIMITED does

NestPay Digital Limited is a UK-incorporated (registered in England and Wales, company number 14911087) cross-border payments fintech operating dual-product infrastructure between Africa and the rest of the world. The company offers two integrated products: (1) the NestPay mobile application, a consumer/SMB wallet enabling Nigerian businesses to pay international suppliers in China, the US, the UK, and Europe by converting naira via WIRE, ACH, or SWIFT; and (2) 'Nestpay for Enterprise', an API-first settlement platform that gives global marketplaces, fintechs/neobanks, multinational corporations, and remittance operators a direct, compliant path to settle Nigerian payables in NGN via local interbank rails without correspondent bank overhead.

The underlying technology is multi-rail payment infrastructure that routes transactions optimally across ACH, WIRE, SWIFT, or local interbank rails to terminate funds in NGN at any Nigerian commercial bank account. Settlement is executed through CBN-licensed financial institution partners operating under Central Bank of Nigeria guidelines, with KYC/AML compliance, 256-bit SSL security, segregated client fund safeguarding in tier-1 bank accounts, and REST API integration delivering real-time status via webhooks. NestPay holds FCA authorization under the Electronic Money Regulations 2011 for electronic money issuance and partners with Pagatech for NGN wallet services. Intellectual property is held by parent company NestPay Technology Inc.

NestPay generates revenue through FX margins on currency conversion rather than direct transaction fees. The go-to-market is bifurcated: enterprise sales via direct field motion with dedicated relationship managers and a 'Book a call' CTA for global enterprises settling into Nigeria, and self-serve mobile app distribution via Google Play and App Store for Nigerian SMBs. Reported operational metrics include 18 active settlement corridors (New York, London, Singapore, Dubai → Nigeria), sub-24-hour settlement times, and 100% first-customer renewal rate. Headcount is 1-10 employees and no funding rounds are disclosed.

Name

NESTPAY DIGITAL LIMITED

Legal name

NestPay Digital Limited

Website

https://nestpay.co

Company type

Private

Founded year

2023

Operating status

Operating

Headcount range

1–10 employees

Short description

NestPay Digital Limited is a UK FCA-authorized cross-border payments fintech offering a mobile wallet for Nigerian businesses to pay international suppliers and an API-first enterprise product for global companies settling Nigerian payables via local interbank rails, earning revenue through FX margins.

Ownership category

akta.pro rank

Product category

Cross-Border Payments

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)

SIC

Finance Services (6199)

akta.pro primary industry

Cross-Border & FX Payments Platforms (BPAMAFAK)

akta.pro secondary industries

Multi-Currency Accounts, Wallets & IBAN Services (FSAMAIAG), Cross-border Payments, FX & Multi-currency Checkout (CRAFAJAF), Embedded Payments (Pay-ins, Pay-outs, Wallets) (FSAGALAB)

Keywords

• Cross-border payments
• FX conversion services
• Multi-currency wallets
• Nigeria payment rails
• Enterprise settlement API

Headquarters

HQ city

London

HQ country

United Kingdom

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Software

Cost components

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

Revenue model

1. Foreign Exchange Margin: NestPay earns revenue through FX margin/spread when customers exchange money from one currency to another. The exchange rate offered includes a mark-up on the wholesale currency market rate. No direct fees charged for transactions.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels1 record

Core offering

NestPay provides a digital cross-border payments platform that enables global enterprises to settle payments into Nigeria via local interbank rails through CBN-licensed financial institution partners, and enables Nigerian businesses to pay international suppliers by converting naira to foreign currencies via WIRE, ACH, or SWIFT transfers. The platform combines a REST API with webhooks for enterprise integration and a mobile application for SMB and individual users, routing payments optimally across multiple rails with transparent upfront FX pricing.

Product overview

Nestpay offers two integrated products: the NestPay App for Nigerian businesses to pay international suppliers (China, US, UK, Europe), and Nestpay for Enterprise enabling global companies to settle Nigerian payables. Both products are powered by CBN-licensed partners with REST API and webhook capabilities.

Differentiator

Problem solved

Functional benefit

Products and services

• NestPay App Mobile payment application enabling Nigerian businesses to pay international suppliers in China, the United States, the United Kingdom, and Europe directly from their phones, converting naira to the supplier's currency via WIRE, ACH, or SWIFT transfers. Multi-currency electronic money wallets with GBP support, safeguarded in segregated tier 1 bank accounts.
• Nestpay for Enterprise Enterprise-grade cross-border settlement solution providing global enterprises direct, compliant access to settle payments in Nigeria via local interbank rails without correspondent bank complexity or opaque FX margins. Includes REST API with webhooks, partner dashboard, dedicated relationship manager, and multi-rail routing across ACH, WIRE, SWIFT, and local interbank rails.

Quantifiable outcome

• <24h settlement from instruction to NGN
• +1 more outcomes

Segments5 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

Five partnerships are on record, tiered core.

• CBN-licensed Financial Institution PartnerscoreTechnology or IntegrationNestPay partners with licensed financial institution partners operating under Central Bank of Nigeria (CBN) guidelines. These partners provide the regulatory infrastructure and local rail access enabling compliant settlements into Nigeria.
• PagatechcoreTechnology or IntegrationNestPay partners with Pagatech for NGN wallet services. Users can interact with Pagatech for their Nigerian Naira wallet through the NestPay app. Pagatech handles safeguarding of NGN wallet funds under their terms.
• Licensed Financial Institutions, Payment Networks & Settlement PartnerscoreTechnology or IntegrationNestPay has partnered with licensed financial institutions, payment networks, and settlement partners across regions including China, US, UK, and Europe to provide international payment services.
• Tier 1 Banks (Safeguarding)coreTechnology or IntegrationClient money is safeguarded in segregated bank accounts held with tier 1 banks. These accounts only hold client money and not NestPay's own money to ensure fund protection.
• NestPay Technology Inc (Parent Company)coreOthersNestPay Technology Inc is the parent company that owns all intellectual property in NestPay products including app content, website, logo, and card designs.

Scale indicators3 records

Recent moves6 records

Expansion highlights5 records

Emerging players

• Geegpay: Cross-border payment solution for African businesses to pay international suppliers, with multi-currency wallets. Direct SMB-segment competitor to NestPay's mobile app for Nigerian businesses.
• LemFi: Cross-border payments app focused on African diaspora corridors, with multi-currency wallets and settlement. Comparable to NestPay's wallet and FX offering, though more remittance-focused.
• Duplo: B2B payments platform enabling African businesses to make and receive payments across borders. Comparable in serving enterprise clients with African cross-border supplier and payroll obligations.
• Waza: Cross-border B2B payments platform for African businesses to pay international suppliers. Highly comparable to NestPay's NestPay App product targeting Nigerian SMBs paying overseas suppliers.

Direct peers

• Paystack: Nigerian payments gateway (acquired by Stripe) serving businesses with payment collection and payouts. Overlaps with NestPay's enterprise Nigeria payout value proposition and serves SMBs paying international suppliers.
• Chipper Cash: Cross-border payments platform focused on African corridors, providing remittance and business payments across multiple African countries. Direct competitor in the Africa-focused cross-border payment space.
• Flutterwave: Pan-African payments platform enabling businesses to send and receive money across African countries. Directly competes with NestPay's enterprise and SMB cross-border settlement offerings into Nigeria, with a broader geographic footprint.
• Verto: Cross-border B2B payments platform focused on emerging markets including Africa. Competes with NestPay for Enterprise by offering multi-currency business accounts and FX services for emerging market corridors.

Broad incumbents

• WorldRemit: Global cross-border remittance operator with established Nigeria payout corridor. Overlaps with NestPay's remittance operator segment and provides direct-to-wallet settlement in NGN.
• Wise: Global cross-border payments platform with multi-currency accounts and transparent FX. Competes for the same enterprise treasury use cases where NestPay targets multinationals with Nigerian payables.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/nestpay-digital

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

Investments

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

Frequently asked questions about NESTPAY DIGITAL LIMITED