Lenco: All You Need To Know

In today’s world, digital platforms and apps have made it feasible for businesses and entrepreneurs to run their operations with simplicity. Essentially, these apps aid in the effective, convenient, and stress-free handling of corporate procedures. Lenco is a digital platform you can rely on to handle your company transactions. You can find all you need to know about the platform in the sections below.

A Quick Look at Lenco

Lenco is a platform that offers current accounts for business-related services as well as spending management to help you build your company. In essence, they assist by providing a business account that is ten times less expensive and better than a traditional bank account.

The platform, which is privately controlled, was formed in 2021 and is headquartered in San Francisco, California. Essentially, the platform was created by a group of professionals using specialized software and tools. These products provide solutions to your company’s ever-increasing needs. As a result, it promotes corporate expansion.

What services does Lenco provide?

Lenco essentially gives two options. They are as follows:

1. Business banking for new businesses

In just a few seconds, you may automate automatic payments, reconciliations, and thousands of other transactions. As a result, you will be able to prototype quickly and deliver new items while the platform takes care of your financial activities.

2. Hotel management &  transparent and flawless payment

In your hotel, Lenco makes seamless guest payments and transparent hotel expenses possible. The platform includes a hotel management solution as well as other built-in technologies that make hotel management simple and convenient. The following are some of the distinctive features of this solution:

a. Hotel Expense Management System: You can manage all of your hotel operations using your banking data plus. This aids in the prevention of expense fraud.

b. Integrated Bank Transfer: This feature allows you to receive all payments from your guests via bank transfer. This purchase will be reflected in your Hotel Management System immediately.

c. Finally, it is a simple and easy-to-use Hotel Management System: This powerful software assists you in running your everyday hotel operations.

In general, the platform provides these advantages to both hotels and startups.

How can I sign up for a Lenco account?

It is simple to create an account on the digital platform. You can create an account on the Lenco website or through the Lenco mobile app. Follow the steps below to create an account on the website:

  1. Visit the website, www.lenco.ng

  2. Next, select “Create an Account.”

  3. Finally, enter your name, company name, email address, and phone number, as well as a password.

Finally, double-check your information before tapping ‘Create Account.’ After you have created an account on the website, you can download the app to make it easier to manage your account. If you would rather use the mobile app to create an account, simply download it and enter your information.

To open a business bank account with Lenco, what do I need?

A few documents are required to open a business account with Lenco. If your company is set up as an incorporated trustee, you will need to:

  1. Your Certificate of Incorporation (Certificate of Incorporation)

  2. Important information about your company’s directors and two owners.

  3. Your company’s registration number (RC/BN)

  4. Complete form Co7, which contains the information about your company’s directors.

  5. Fill out Form Co2 with the allotment of your company’s shares.

  6. Your social security number

  7. A current power bill and a passport photograph are also required.

  8. SCUML

  9. Finally, get a referee.

Visit their official website, www.lenco.ng, for more information on the prerequisites for forming an incorporated company and a sole proprietorship.

What is the procedure for downloading the Lenco app?

The app can be downloaded by following the instructions below:

  1. Go to the Google Play Store or the App Store, depending on whether you are using Android or iOS.

  2. In the search bar, type ‘Lenco.’

  3. Install the app and create an account with your information.

How can I get in touch with Lenco?

You can get in touch with Lenco in the following ways:

Address: 12 Rev Ogunbiyi Street, GRA, Ikeja, Lagos.

Phone Number: 0809 427 8928

Email Address: hi@lenco.ng

Website: www.lenco.ng


Lenco provides a number of business management solutions to help you keep track of your spending and build your company. It also relieves you of the tension that comes with traditional bank accounts. In general, the platform is stress-free and simple to use. As a result, it is appropriate for both large and small firms.

Source: Nyscinfo

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