# The Alternative Bank: Banking, Lagos, Nigeria

> The Alternative Bank: The Alternative Bank provides credit and debit cards, interest-free credit lines, and investment services via the Altbank app.

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

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

# The Alternative Bank

The Alternative Bank provides credit and debit cards, interest-free credit lines, and investment services via the Altbank app.

Funding reported Last round: Debt Financing

Banking Lagos, Nigeria

Company summary

- **Founded:** 2014 12 years old
- **Team:** 11 11 to 50 people
- **Funding reported:** 15M as listed, currency not stated
- **Last round:** Debt Financing May 2025

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 The Alternative Bank 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 The Alternative Bank raised

Funding, as reported

Reported in all **15M** in the source's currency

Last round **Debt Financing**

Last round date **May 2025**

## Banking in Nigeria

Startups like it

- [**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)
- [**Development Bank of Nigeria** Abuja · founded 2017](https://millionrounds.com/startup/development-bank-of-nigeria)
- [**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)
- [**Second Wallet** founded 2020](https://millionrounds.com/startup/second-wallet)

## Is this your company?

Add your raise, your deck and your story, and put The Alternative Bank in front of investors. Or tell us what we have wrong.

[List your startup](https://millionrounds.com/list-your-startup)[Send a correction](https://millionrounds.com/corrections)