Sparkle

Sparkle is a CBN-licensed digital microfinance bank in Nigeria for individuals and small businesses that want to open an account quickly, save, pay, and manage everyday money tasks from a smartphone.

Key capabilities include:

• Fast account opening and savings: open an account in under 5 minutes with no documents, plus Stash savings that supports flexible saving, periodic saving, group saving, and savings tied to investments.
• Transfers, requests, and bill payments: send and request money, transfer to other Nigerian banks, split bills, and pay for airtime, data, cable TV, utilities, and transport. It also supports scheduled payments, QR payments, and SparklePay payment links.
• Spending insights: use Breakdown analytics and Month in View to categorize transactions and review daily, weekly, and monthly spending.
• Cards and credit: manage physical debit cards with card controls (freeze/block) and limits, and access loans with no paperwork, collateral, or guarantor.

Available on Android and iOS.

It targets consumers, SMEs, and retailers in Nigeria that need personal banking plus tools like payments and expense tracking.

Notable in the Nigerian market context, deposits are insured by NDIC and the bank is licensed by the Central Bank of Nigeria (CBN); the product also advertises business support services for CAC and TIN registration, with Sparkle as a Service and API documentation listed as coming soon.