# Development Bank of Nigeria: Banking, Abuja, Nigeria

> Development Bank of Nigeria: Development Bank of Nigeria is a exists to alleviate financing constraints faced by Micro. Based in Abuja, Nigeria. Founded 2017.

Source: https://millionrounds.com/startup/development-bank-of-nigeria (Millionrounds; every figure on the page links to its filing or article)

Nigeria · [Banking startup](https://millionrounds.com/companies)

# Development Bank of Nigeria

Development Bank of Nigeria is a exists to alleviate financing constraints faced by Micro.

Funding reported Last round: Undisclosed round

Banking Abuja, Nigeria

Company summary

- **Founded:** 2017 9 years old
- **Team:** 51 51 to 200 people
- **Funding reported:** 70M as listed, currency not stated
- **Last round:** Undisclosed round Apr 2018

How sure we are

- ✓ **Listed** We know it exists and what it does
- 2 **Funding reported** A company dataset reports a raise
- 3 **Observed** A filing or a dated announcement confirms a round

No round for Development Bank of Nigeria has been confirmed by a filing or an announcement yet, so nothing here counts toward an investor's record. [How we decide](https://millionrounds.com/methodology)

## What company datasets say Development Bank of Nigeria raised

Funding, as reported

Reported in all **70M** in the source's currency

Rounds **1**

Last round **Undisclosed round**

Last round date **Apr 2018**

Investors listed **2**

## On a portfolio page

Investors who name them

- [Cascador](https://millionrounds.com/fund/cascador)

Each firm lists Development Bank of Nigeria on its own website. That is the firm's claim, a weaker thing than a round we watched, but a named source.

## Banking in Nigeria

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- [**MoMo Payment Service Bank** Startup](https://millionrounds.com/startup/momo-payment-service-bank)
- [**First City Monument Bank** Marina · founded 1982](https://millionrounds.com/startup/first-city-monument-bank)
- [**Optimus Bank** Lagos · founded 2021](https://millionrounds.com/startup/optimus-bank)
- [**The Alternative Bank** Lagos · founded 2014](https://millionrounds.com/startup/the-alternative-bank)
- [**Parallex Bank** Lagos · founded 2020](https://millionrounds.com/startup/parallex-bank)
- [**AB Microfinance Bank Nigeria** Ikeja · founded 2008](https://millionrounds.com/startup/ab-microfinance-bank-nigeria)
- [**Sidebrief** founded 2020](https://millionrounds.com/startup/sidebrief)
- [**Options** founded 2017](https://millionrounds.com/startup/options)

## Is this your company?

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