Launched on a device near you
The Business Sidekick You've Been Waiting For.
Payment tools, Treasury management, Payroll processing and Employee benefits all in one platform.
Get Started For Free
CBN Licensed
NDIC Insured
Making Your Money Work For You
Mkobo for business offers money tools such as bulk payments, treasury management,
payroll processing, payroll financing and bills payments, removing the stress of
managing financial operations so that you can focus on growing your business.
Pay Staff Easily - Without Making Mistakes
Automated payroll that saves time and eliminates costly errors.
Never Delay Salaries Again
Get an instant payroll advance so salaries don't delay.
Know Your Numbers At A Glance
Track income, expenses and performance from one smart dashboard.
Make Bulk Payments In Minutes
Stay in control of cashflow with treasury tools that help you plan better and grow faster.
Simplify Business Banking.
Make Smarter Decisions.
Get Started For Free
Frequently asked questions
Everything you need to know about the product.
Mkobo for Business is an online web business banking solution designed for small and medium businesses (SMEs) and corporate entities in Nigeria to manage their finances efficiently.
Yes, Mkobo for Business is free to onboard. There's no cost to sign up for the service.
Both registered SMEs and corporate entities with valid CAC documentation can onboard.
Yes. Mkobo is fully licensed and regulated by the CBN and NDIC, ensuring your funds are safe with us at Mkobo Bank.
We use bank-grade encryption, multi-factor authentication, and regulatory compliance to ensure your data and funds are always protected.
Yes, a CAC certificate is required to onboard on Mkobo for Business. This is a CBN regulatory requirement and a key KYB (Know Your Business) requirement.
For the business, you will need; CAC certificate, TIN (Tax Identification Number) CAC Status report proof of business address (not older than 3 months). For the directors, shareholders, and signatories, you'll need: passport photograph. valid means of identification (e.g., NIN, driver's license) BVN & NIN Utility bill or proof of residential address (not older than 3 months)
No. You can sign up as an existing customer and keep your current account. New customers who don't have an existing relationship will automatically receive a newly generated business account upon completing the sign-up process.
It takes minutes to set up and onboard onto the Mkobo for Business platform.
To add or remove users, the account administrator must log in to the Mkobo for Business web platform and navigate to the 'User Management' or 'Settings' section. From there, you can invite new users, assign them specific roles and permissions, or deactivate existing users.
If you forget your password, simply click on the 'Forgot Password' link on the login page. You will be prompted to enter your registered email address, and a link to reset your password will be sent to your email.
You can obtain your business's Tax Identification Number (TIN) from the Federal Inland Revenue Service (FIRS) website or at any FIRS office. The process is often completed during your business registration with the Corporate Affairs Commission (CAC).
Onboarding is free, but standard banking fees (e.g., transfers, SMS alerts, FGN standard fee for inflows from #10,000 and above) apply.
Yes, transaction limits depend on your account type and KYC/KYB level. These can be reviewed and increased upon request.
Mkobo for Business is currently only available on the web. However, you can access it on your mobile and computer devices anytime, anywhere.
Yes. You can grant role-based access to multiple team members for transactions, approvals, and account monitoring.
Yes, Mkobo for Business will allow you to run payroll and make bulk transfers to manage employee benefits efficiently. This feature is in the pipeline and will be rolled out soon.
Yes, Mkobo for Business provides a dedicated account number for your business, which you can share with your customers to receive instant bank transfers. We are also working on integrating additional payment collection solutions like payment links.
Yes, you can get a loan with Mkobo Bank. We have a variety of business loan products that businesses can access.
You can get access to a payroll advance within 24 hours of applying. You will need to meet the eligibility criteria for you to get access to the feature once launched. You can access an SME loan within 3 working days of applying.
Eligibility is assessed based on several factors, including your business's operational history (e.g., minimum of 6-12 months), consistent cash flow, creditworthiness, and the purpose of the loan. Required documentation may include bank statements and a board resolution.
You can track your loan application status directly on the Mkobo for Business platform. You'll also receive email and in-app notifications at each stage of the process.
Yes. Our support team is available via email ([email protected]), phone (09169973311), and in-app chat to assist you with any inquiries.
Simplify business banking.
Make smarter decisions.
CBN LicensedNDIC InsuredDon’t Let Another
Kobo Sit Idle
Join thousands of smart Nigerians and SMEs who have stopped banking for free. Open your account in 2 minutes, fund it and watch your first interest reward appear tomorrow morning.
CBN Licensed
