Borrow £100,000 - £10,000,000 to grow your business
We support growing businesses in accessing the capital they need to achieve ambitious goals.
Growth-focused loan products
Fuel your business growth with tailored loan products, designed to scale your success efficiently.
Debt Financing
Access the capital your business needs through bespoke loans tailored to suit your business growth plans.
Revolving Credit Facilities
Flexible financing option that allows businesses to borrow money up to a set limit and repay it over time.
Revenue Based finance
Use recurring business transactions and performance to generate non-dilutive capital to grow your business.
Bespoke Finance
Prospa supports businesses in securing non dilutive financing. Hybrid facilities, nav financing, liquidity facilities, Capital call facilities, and more, we can support all industries from professional service businesses to private equity funds.
Real Estate Financing
Providing tailored real estate financing solutions to investors, owners and developers with commercial real estate assets across sectors and circumstances, from stabilized to transitional.
Frequently Asked Questions
Find answers to our most frequently asked questions. Can’t find the answer you're looking for? Email our support team help@prospacapital.com
Prospa is more than a bank, it’s your business partner. Providing all the tools you need to start, grow and scale your business, to prosperity and beyond. Open a business bank account in 5 minutes and discover an incredibly fast and easy way to manage your business finances.
Thousands of Nigerian business owners, freelancers, startups and growing companies use Prospa. Packed with features to put your finance operations on autopilot and give you time to focus on growing and succeeding.
Your account comes with:
Bank account number in your business name
Corporate debit cards
Access to instant loans
Receive transfers from all Nigerian banks
Send transfers to all Nigerian banks
Create sub-accounts
Auto-Split your funds across sub-accounts
Manage your customers
Send invoices
Pay bills
Buy airtime
Add team members
Download your statement
Add and manage additional businesses
Extra tools & features to keep your business on autopilot
Integrate with existing software
Transparent and easy to understand fees
No. We do not have a physical branch, however, if you’re interested in becoming a member and want to confirm, you can visit our office address 65 Queens Street, Alagomeji, Yaba, Lagos.
The safety and security of your Prospa account is our highest priority and here are some of the steps we take to ensure accounts are safe.
Requiring HTTPS on all pages, and use HSTS to ensure browsers only ever connect to us over a secure connection. We never store or log your password and transactional PIN data in plaintext. Allowing all members to enable Time-based, One Time Passwords, for two-factor authentication on their account. We never send authentication codes via insecure channels like SMS. Encrypting our database and all uploaded images. We employ additional encryption for sensitive data, like transactional PIN.
Yes, your account is insured up to the NDIC limit. Prospa works with NDIC-insured banks to store your deposits, namely Good News Microfinance Bank.
Most Nigerian company registered with the Corporate Affairs Commission can open an account with Prospa. Charities and NGOs can open an account too. Please note, However, there are a number of high risk industries that we can’t take on, we will not be offering current accounts to businesses in the following industries:
- Third-party funds
- The holding, managing an/or controlling of a third party’s (client’s/customer’s) funds in Prospa accounts. This includes using the funds on behalf of other individuals
- Insurance companies (incl. insurance brokers)
- Trading of cryptocurrencies
- Money services (such as foreign exchange, loan providers, money transfers)
- Casinos, prize draws and other betting or gambling activities
- Sale of unlicensed pharmaceuticals
- Trading of weapons, explosives or armaments
- Unlicensed trading and processing of scrap metal
- Escort services and other services in the adult industry
It takes 5 minutes to sign up providing you have all required documents immidiately available. On average it takes 20 minutes for your account to be approved once you’ve submitted your application, however it can take up to 48 hours if we need more information from you.
Yes. As long as you have a BVN (Bank Verification Number), a registered Nigerian company and all the required KYC information, you can apply from anywhere in the world. If you are in the UK or US with the required documents and need additional assistance please email us help@prospacapital.com.
It is totally free to open a Prospa account. We do not charge an account opening fee and we do not require you to maintain a monthly minimum balance. What we do charge you can find below. Please refer to the pricing and billing page for more info on charges.
There are standard transaction charges on outflow:
₦1,000.00 and below - ₦10.75
₦1,000.01 - ₦50,000.00 - ₦26.87
₦50,000.01 and above - ₦53.75