Overview
Dynamic and innovative team guiding Nigeria’s Fintech and Digital Finance transformation
Our standout work spans the full spectrum of financial services and fintech, banking regulation and licensing, fintech licensing and regulatory sandbox applications, payment systems, digital lending, agency banking, open banking, blockchain and digital assets, insurtech, regtech and financial services M&A; advising both established institutions and fast-growing innovators on every dimension of Nigeria’s dynamic fintech environment. Supporting payment service providers, digital lenders, and financial technology innovators. We combine deep expertise in financial services regulation with sophisticated understanding of technology, digital platforms, and innovation in financial services.
Our unrivalled relationships with the CBN, SEC and other financial sector regulators, built over decades of market-leading work, give our clients decisive insight into evolving regulatory approaches, enabling innovation while achieving full compliance. We regularly support with fintech licensing and regulatory sandbox applications, payment systems, digital lending, agency banking, open banking, blockchain and digital assets, insurtech, regtech, and financial services M&A. We advise traditional financial institutions on digital transformation and fintech companies on regulatory compliance, capital raising, and scaling operations.
No other Nigerian firm offers the same depth of fintech regulatory expertise, market connectivity and deal execution capability across Nigeria’s rapidly evolving digital financial services landscape. We understand the evolving approaches to fintech regulation, innovation enablement, and consumer protection and have experts who are nimble and adept to respond. Our team delivers practical solutions that enable innovation while ensuring regulatory compliance in Nigeria’s dynamic fintech environment.
Services
Banking Technology & Digital Transformation
Our expert team advises leading banks on core banking replacements, digital banking platforms, API banking, cloud computing, cybersecurity compliance and technology vendor agreements, enabling transformative change with legal certainty.
Digital Lending & Credit
We build digital lending platforms, microfinance technology, and credit scoring systems, and we navigate CBN regulations, data protection requirements, and consumer lending compliance with precision.
Fintech Capital Raising & M&A
Our award-winning team leads venture capital and growth equity investments in fintech, strategic bank-fintech partnerships, M&A transactions and regulatory approvals, delivering closing certainty on the market’s most significant fintech deals.
Fintech Licensing & Regulatory
Our leading regulatory team secures CBN licences for payment service providers, mobile money operators, switching and processing companies, advising on sandbox applications, innovation pilots and ongoing compliance with authority.
Payments & Digital Wallets
Our foremost payments team advises on payment systems, mobile money, e-wallets, agency banking, USSD platforms, QR code payments and NIBSS integration, delivering solutions that work at national scale.
Selected Experience
Agency Banking Network Expansion
Advised fintech on deploying a 10,000+ agent network for financial inclusion, structuring agent agreements, ensuring CBN agent banking compliance, implementing AML controls, and managing operational rollout.
AI Credit & Analytics Platform Acquisition (Mines.IO)
Advised First Ally Capital Limited on the acquisition of a majority stake in Mines.IO Nigeria Limited, an AI-driven credit and analytics fintech leading transaction structuring, legal due diligence, negotiation of definitive agreements, and securing required regulatory approvals for the investment.
Bank-Fintech Strategic Partnership
Advised major bank on strategic partnership with payments fintech, structuring commercial arrangements, addressing regulatory approval requirements, implementing API integration, and managing data sharing compliance.
Digital Lending Platform $18M Series B
Represented AI-powered lending platform in $18 million Series B structuring investment, negotiating with international VCs, securing CBN approvals, and advising on regulatory compliance for credit decisioning.
Fintech-Enabled Credit & Financial Services Investment
Advised on strategic investment into a Nigerian technology-led credit and financial services platform covering transaction structuring, regulatory considerations, and negotiation of transaction documentation to support expansion of data-driven lending and financial inclusion solutions.
Payment Service Provider CBN License
Secured PSP license for fintech startup, preparing comprehensive CBN application, demonstrating technology infrastructure, addressing regulator queries, and achieving approval enabling national payment operations.
Technology-Enabled Energy Platform $18 Million Series B (Arnergy)
Acted as legal counsel to Arnergy Solar Limited on its US$18 million Series B fundraise, advising on transaction structuring, corporate restructuring in connection with the raise, and negotiation of equity and investment documentation with a consortium of international investors supporting the company’s technology-enabled scale-up.
Client Quotes
“Aluko & Oyebode have a solid understanding of Nigerian capital markets infrastructure, and their client service is fantastic.”
“The team at Aluko & Oyebode understands the Nigerian market well.”
Key Contacts
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Awards and Accolades
Recognized in FinTech practice area; Partner Ajibola Asolo individually ranked for fintech/startup advisory, including payment platforms, data privacy, digital assets, and crowdfunding.
Legal 500 EMEA 2025
Tier 1 in Banking, Finance & Capital Markets (encompassing fintech/digital finance); noted for advising on payment systems, digital transformation, and regulatory compliance in fintech.
EMEA Finance Achievement Awards 2024
Tier 1/Highly Regarded in Banking & Finance and Capital Markets; firm-wide strength in financial innovation.
IFLR1000 Sub-Saharan Africa 2025
Shortlisted in Digital Finance Award (Regional Specialist Award) and related categories (including Financial Services Regulatory), recognizing fintech-related transactional work.
IFLR Africa 2026 Awards Shortlist (2026)
Band 1 in Banking & Finance; client quote: “Aluko & Oyebode’s fintech team provides pragmatic, commercially aware advice on regulatory matters and digital finance innovations.”
Chambers Global 2025
Thought Leadership
