UK-based fintech Ceviant Gets Payment Processor License to Operate in Nigeria

Ceviant, a UK-based financial technology company delivering treasury and trade solutions to corporates, has received its Payment Solution Service Provider (PSSP) License from the Central Bank of Nigeria.

With the license, Ceviant will offer a range of payment services to clients in Nigeria, including electronic fund transfers and payment processing. This license presents further opportunities to partner with banks and other financial institutions within the payments ecosystem, including API integrations with banks, enabling businesses to manage bank accounts, payments, transactions, cash balances, and more, all through a single portal and API.

According to Kehinde Dabiri, CEO of Ceviant, “We are proud to have been granted the PSSP license from the Central Bank of Nigeria. This demonstrates our dedication to providing exceptional payment solutions that meet the necessary regulations. At Ceviant, we aim to provide integrated treasury and trade solutions that give our customers more data transparency, automation, visibility, and control of their payments and treasury operations. Receiving the PSSP license is a major achievement for Ceviant.”

Ceviant’s FCA license in the UK also allows access to the UK’s financial services ecosystem, making it easier for businesses to manage payments and transactions through a single platform. With both licenses, Ceviant is poised to provide a more comprehensive range of financial services to customers across Europe and Africa.

Ceviant provides Multinational Businesses access to its treasury and trade solutions, which focuses on reducing costs and making global business transactions more efficient. The PSSP License enables Ceviant to securely offer its services in Nigeria with features and capabilities that meet local banking requirements. Ceviant is now well-positioned to capitalize on Nigeria’s growing payments market and meet the needs of businesses seeking secure and efficient payment solutions.

Payments are a critical component of treasury management. Treasurers require real-time visibility of cash balances, stress-free money movement, and safe investment options to preserve liquidity.

Ceviant’s Executive Management team has a proven track record that spans payments, mobile banking and digital solutions. Its Co-Founders have established successful fintech businesses, that include ARCA and Vanso [which was acquired by Interswitch in 2016]. Headquartered in London, with offices in Bucharest and Lagos, Ceviant is a member of the SWIFT partner program and is ISO accredited. Currently operating in Nigeria and the UK, the company is expanding to other countries in the EMEA.

Headquartered in London, with offices in Bucharest and Lagos, Ceviant is a member of the SWIFT partner program and is ISO accredited. Currently operating in Nigeria and the UK, the company is expanding to other countries in the EMEA.