Bloc

Human Resources · Banking & Fintech · Payments · Security

Bloc is a Nigerian Banking-as-a-Service (BaaS) API platform that lets developers embed financial services directly into their products. Its banking infrastructure is provided through Bloc Microfinance Bank (Bloc MFB, CBN Licence No. FPR/LAD/CON/MFB/010/066, RC No. 7187722), a proprietary bank subsidiary rather than a third-party partnership — virtual account numbers issued through Bloc are native Bloc MFB account numbers, NDIC-insured up to ₦5 million.

freemium

API Key (Secret Key from Bloc Dashboard)

Not publicly specified — contact Bloc for limits. Note: developer API portal (blochq.io) status is unconfirmed as of this review; see notes.

✓ Available

Best For

Nigerian developers and startups that want to embed banking features — virtual accounts, transfers, bills payment — into their apps using a fully CBN-licensed Nigerian BaaS that owns its own banking infrastructure via Banc Corp MFB.

Pricing

IMPORTANT: verified 2026-07-21 — blochq.io (the original developer API portal) currently shows a "Launching Soon" placeholder, not live product content. Bloc MFB (blocmfb.com) is confirmed live as a direct banking product. The banking subsidiary is correctly named "Bloc Microfinance Bank (Bloc MFB)" — earlier data in this catalog incorrectly called it "Banc Corp MFB," which does not match any public record. Confirm current API availability directly with Bloc before integrating.

Not Supported

Card IssuanceUSSD PaymentsInternational TransfersFX Conversion

Key Highlights

  • Nigeria-only BaaS — built exclusively for Nigerian developers
  • Owns Banc Corp MFB banking licence — no third-party dependency
  • NDIC-insured virtual bank accounts issued instantly
  • Two virtual account types: Fixed and Collection
  • Bills payment with developer commission model
  • Bulk transfers to any Nigerian bank account
  • API Dashboard for key and customer management

Required Access Documents

  • CAC RegistrationRequired
    Certificate of Incorporation or Business Name Registration from the Corporate Affairs Commission. Required for business account activation and going live.
  • Director BVNRequired
    Bank Verification Number of at least one director or company officer as part of Bloc's CBN-mandated KYC process.
  • Valid Government IDRequired
    International Passport, Driver's Licence, or NIN slip for identity verification of directors/owners.
  • Business Bank AccountOptional
    An active Nigerian bank account for settlement configuration — required before processing live transactions.

Use Cases

  • Neobank Account Issuance:Issue dedicated Nigerian bank account numbers (Banc Corp MFB accounts) to end users instantly using Bloc Virtual Accounts API, allowing them to receive NIP transfers from any Nigerian bank.
  • Bills Payment Revenue Model:Embed Bloc Bills Payment API in your app to let Nigerian users pay for airtime, data, electricity, and cable TV — and earn a commission per successful transaction from Bloc without charging users extra.
  • In-App Payroll for SME Platforms:Use Bloc Transfers API to allow Nigerian SME accounting and HR software to disburse employee salaries directly from within the product to any Nigerian bank account via bulk transfers.
  • Rent and Invoice Collection:PropTech and SaaS platforms can use Bloc Collection Accounts to assign each tenant or customer a unique virtual account number to track incoming NGN payments without manual reconciliation.
  • Marketplace Vendor Payouts:Nigerian marketplace platforms can use Bloc Bulk Transfers API to split revenue and pay multiple vendors simultaneously in a single API call after each sale cycle.

Discover similar API's

View All Alternatives →