Nestpay provides global enterprises with a direct, compliant path to settle payments in Nigeria through local interbank rails, eliminating correspondent bank complexity and opaque FX margins. Its REST API and webhooks enable real-time settlement status tracking, with funds terminating in NGN at any commercial bank account in under 24 hours. The platform routes payments via ACH, WIRE, SWIFT, or local interbank to the optimal rail for each transaction.
Funding
Funding not disclosed
Founders
Product
Problem
Global enterprises face significant friction when settling payments into Nigeria, relying on correspondent banking networks that introduce delays, hidden FX margins, and operational complexity. This makes it difficult for international marketplaces, fintechs, and multinationals to reliably pay Nigerian vendors, contractors, and employees in local currency.
Solution
Nestpay provides a direct, compliant settlement infrastructure that connects global enterprises to Nigeria's local interbank rails through a single integration. The platform routes incoming payments—whether initiated via ACH, WIRE, SWIFT, or local interbank—to the optimal rail so funds terminate in NGN at any commercial bank account in under 24 hours. Every transaction flows through licensed financial institution partners operating under Central Bank of Nigeria (CBN) guidelines, ensuring full regulatory compliance. Transparent FX pricing shows rates and fees upfront on every transaction, eliminating hidden margins and enabling predictable cost modeling for finance teams. Real-time settlement status is delivered via webhooks, and dedicated relationship managers support enterprise customers with escalations and custom requirements.
Target Audience
Primary customers are international marketplaces, fintechs and neobanks, multinationals with Nigerian payables, and remittance operators that need reliable, compliant settlement into Nigeria at scale.
Features
- Direct access to Nigeria's local interbank rails with funds terminating in NGN at any commercial bank account
- Multi-rail routing across ACH, WIRE, SWIFT, and local interbank networks to optimize settlement paths
- REST API and webhooks for triggering settlements and receiving real-time status updates
- Transparent FX pricing with upfront rates and fees, no hidden margins or spread surprises
- CBN-licensed KYC and AML compliance through licensed financial institution partners
- 256-bit SSL encryption and dedicated relationship manager support for enterprise accounts