VFD
Banking & Fintech · Payments · Nigeria
VFD Tech is the technology subsidiary of VFD Group Plc, a Lagos-based diversified financial holding company listed on the Nigerian Exchange Group (NGX). VFD Tech provides Banking-as-a-Service (BaaS) infrastructure through its VBaaS platform, powered in collaboration with VFD Microfinance Bank Limited — a CBN-licensed microfinance bank that is also part of the VFD Group ecosystem. The VBaaS platform enables fintechs, lenders, savings platforms, and non-bank financial companies to embed banking products into their applications without obtaining their own banking license.
Nigerian fintechs, lenders, cooperatives, and savings platforms building wallet-based financial products on VFD Microfinance Bank infrastructure — with access to Wallet APIs, Loan APIs, Direct Debit, and Bills Payment through a single CBN-licensed BaaS provider.
VFD Tech BaaS is operated in collaboration with VFD Microfinance Bank (CBN-licensed). Auth uses Access Token from vbaas portal. Docs at vbaas-docs.vfdtech.ng. Products: Wallets, Loans, Debit Mandates, Bills Payment, QR Code, POS Infrastructure, Liveness Check. Dev portal at vbaas-dev.vfdtech.ng.
Features Included
Not Supported
Technical Specs
- Pricing:Contact VFD Tech for pricing. Transaction-based fees. No publicly listed rates — enterprise pricing via the vbaas.vfdtech.ng portal.
- Authentication:Access Token (generated via the VBaaS portal at vbaas.vfdtech.ng)
- Rate Limit:Not publicly specified
- Sandbox Mode:✓ Available
Key Highlights
- Backed by VFD Microfinance Bank (CBN-licensed)
- Wallets API for digital wallet creation and management
- Loans API for embedded lending products
- Direct Debit / Debit Mandates for recurring payments
- Bills Payment API (utilities, airtime, data)
- QR Code payment integration
- Liveness Check API for identity verification
Required Access Documents
- VBaaS Account RegistrationRequiredRegister at vbaas.vfdtech.ng to get API access credentials and generate access tokens.
- CAC Registration CertificateRequiredCertificate of Incorporation required for business account activation.
- Director BVN and Government IDRequiredCBN-required KYC for fintech platform onboarding through VFD Microfinance Bank.
Use Cases
- Digital Wallet for Savings App:Nigerian savings platforms can use VFD Tech Wallets API to create and manage individual user wallets backed by VFD Microfinance Bank — storing funds in CBN-licensed, NDIC-insured accounts.
- Embedded Lending Platform:Nigerian lenders and BNPL apps can use the VFD Tech Loans API to originate, disburse, and manage loan products within their fintech application — without needing a separate MFB license.
- Recurring Debit for Cooperative Savings:Nigerian cooperative societies can use VFD Tech Debit Mandates to automatically debit member accounts on their contribution schedule — replacing manual collection with automated bank debits.
- In-App Utility Bill Payments:Nigerian fintech apps can use the VFD Tech Bills Payment API to let users pay electricity, airtime, data, and cable TV bills from their in-app wallet balance.