Finco

Finco is a web-based neobank for businesses in Francophone West Africa that provides financing products such as supply chain finance (reverse factoring) and deferred payments (BNPL) to improve access to credit.

Key capabilities include:

• Supply chain finance (invoice-to-cash): converts outstanding invoices into cash backed by the buyer’s creditworthiness, helping suppliers manage cash flow while waiting for payments.
• B2B deferred payment (B2B BNPL): enables merchants and suppliers to let business customers order now and pay later, designed to increase order size without requiring collateral in stated use cases.
• B2C deferred payment (B2C BNPL): lets merchants offer consumers flexible payment plans while the merchant receives payment upfront (highlighted for vehicle dealers).
• Fast applications and funding workflow: a three-step process with sign-up and identity verification, application submission “in a minute”, and payout after approval, including examples such as 48-business-hour pre-financing for healthcare insurance invoices and 48-hour funding against approved government contracts.

Available on Web.

It targets businesses and retailers across sectors such as healthcare, electronics retail, manufacturing, vehicle dealerships, construction, and government contracting, plus end-consumers who access BNPL through participating merchants.

Notable in the region for its stated data protection compliance in Benin under the Digital Code (Law No. 2017-20) and registration with APDP (Autorité de Protection des Données à caractère Personnel), supporting locally compliant financing in Francophone markets.