Baff is a mobile neobank for Nigeria that enables offline peer‑to‑peer transfers, bank‑to‑bank payments, and a smart POS system for merchants.
Funding
Funding not disclosed
Founders
Product
Problem
Many consumers and small businesses in Nigeria lack convenient access to digital banking services that work without internet, face high fees on foreign transactions, and have limited options for credit and quick loans.
Solution
Baff offers a mobile neobank that lets users transfer money to any Nigerian bank account and pay recipients even when offline, eliminating the need for constant connectivity. The platform provides instant access to USD‑denominated virtual Visa or Mastercard cards, enabling seamless online shopping without foreign transaction fees. Users can draw on flexible credit lines and apply for short‑term loans to cover unexpected expenses, repaying at their own pace. For merchants, Baff supplies a smart point‑of‑sale system and invoicing tools that simplify payment acceptance, supplier payments, and cash‑flow management, all secured with state‑of‑the‑art encryption.
Target Audience
Primary customers are individual consumers in Nigeria who need reliable digital banking and credit, as well as merchants, retailers, and small business owners seeking integrated payment and invoicing solutions.
Features
- Offline peer‑to‑peer transfers and payments that function without internet connectivity
- Instant issuance of USD virtual Visa or Mastercard cards for fee‑free international online purchases
- Flexible credit lines and on‑demand loans with customizable repayment schedules
- Integrated smart POS device for merchants to accept payments securely and efficiently
- Invoicing module allowing businesses to create, send, and receive payments directly through the app
- Secure, encrypted transaction processing and compliance with local banking regulations