A digital business banking and expense management platform for Nigerian startups and SMEs, offering free business current accounts, payouts, payroll, and bill payments.
Is Lenco right for you?
Best for
- Startups and SMEs
- Finance teams
- Payroll managers
- Teams with spend controls
- Companies paying vendors
What it does well
- Business current accounts
- Built-in expense control
- Bulk payouts
- Payroll payments
- Bill payments
Things to check
- Nigeria, Malawi, Zambia
- Expense controls depth
- Payroll country support
- Billers and utilities list
- Payout limits and fees
Lenco is a digital-only business banking and expense management platform for startups and small-to-medium enterprises (SMEs) in Nigeria.
Key capabilities include:
- Free business current accounts that businesses can open in about 10 minutes, with no minimum balance requirement
- Expense management to help teams track and categorize company spending with automated record-keeping
- Payroll and bulk payouts for paying employees or vendors through automated payroll processing and instant bulk bank transfers
- Bill payments and eStatements, including online bill payment for recurring payments and digital statements for transaction records
Available on Web, Android, iOS, and via API access.
Built for Nigerian startups, SMEs, and small business owners who need business banking plus tools for managing expenses, controlling team access, and making routine payments.
Notable in the Nigerian market for combining business banking with expense controls and disbursements in one interface, with a free-account positioning and a bill payment API that can support businesses that want to offer bill payment services to customers.
As of Jun 22, 2026, Lenco is rated 5.0 on the App Store from 5 reviews and 4.1 on Google Play from 154 reviews with 10K+ installs.
Frequently Asked Questions About Lenco
Recent Reviews for Lenco
No reviews yet. Be the first to review this product.
Do more with Lenco
Products similar to Lenco
Promptmonitor
