Business Account Made Easy: How To Open Account With Prospa

Opening a business account with a typical bank can be a daunting task. As a result, many business owners are hesitant to open an account with a Nigerian bank. Prospa is a non-profit company that makes opening a bank account for small businesses straightforward. Here’s a quick overview of all you need to know about the business.

A Quick Overview of Prospa

Prospa is a technology firm that is working on an operating system for African businesspeople. Essentially, the platform focuses on offering a current bank account to your company. This bank account has characteristics that are advantageous to the growth of your business.

The privately held organization was founded in 2019 to provide financial services to Nigerians.

Essentially, the organization’s only purpose is to assist Africans in achieving greater financial prosperity.

What kind of services does Prospa provide?

Essentially, Prospa’s services are designed to assist you in managing your business and finances. Among the services offered are:

1. Giving you a bank account number that is registered in your company’s name

When you register your business, you will be given a bank account number in your company’s name. This eliminates the hassle of visiting a traditional bank to open a business account.

2. Funds transfer and receipt

In essence, the business bank account you open works in the same way as a regular bank account. You can send money to other Nigerian bank accounts and receive money from other Nigerian bank accounts using your account.

3. Tools for Business Management

The software includes an expense tracking tool that groups your transactions automatically. You may also use one dashboard to open and manage all of your business accounts. You may easily swap between your bank accounts with this tool.

4. Payment of bills

Using cash from your company account, you can pay bills quickly and easily. Basically, you may pay your utility bills from the comfort of your own home with this function.

Finally, the platform is secure and safe. These features make it simple to expand and manage your business.

How can I register for a Prospa business account?

Follow the steps below to create an account and register your business on Prospa:

  • Go to the Google Play Store if you’re using an Android device, or the App Store if you’re using an iOS device.
  • Next, look for and download the ‘Prospa- Business Account’ app.

Finally, activate the app and fill out the registration form with information about your company. You will be given a Prospa business account once you have completed the registration process.

Also, learn more about Nigerian Startup Business Loans with No Collateral.

What are the prerequisites for opening a Prospa business account?

  • BVN
  • CAC registration forms
  • Certificate of Incorporation
  • A government-issued identity card
  • A recent utility bill
  • TIN
  • 2 References

The following documents are required to start a business account:

Finally, a Board resolution is required. This document can be generated from your dashboard.

Is my Prospa account subject to an inflow limit?

No, your account does not have an inflow limit or limitation. As a result, you’ll be able to get as much money as possible into your business account.

What is the location where I can get the Prospa app?

You can get the app from the Google Play Store if you have an Android device. If you have an iOS device, simply go to the App Store.

How can I get in touch with Prospa?

Prospa can be reached in the following ways:

  • Address: 4b Fatai Idowu Arobieke, Lekki Phase 1, Lagos, Nigeria.
  • Phone Number: (234) 188 878 81
  • Email Address:
  • Website:


Prospa is a platform that makes it simple for company owners to start and run their businesses. They supply you with digital tools that help you build your business and flourish in general. In essence, the platform is a requirement for business owners.

Source: Nyscinfo

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