Do You Need a CBN License to Run a Fintech App with Gobeller?

One of the most common questions we receive from prospective clients is:
“Do we need to obtain a license from the Central Bank of Nigeria (CBN) to run a fintech app?”

The answer depends on how you want to operate your business. Let’s break it down.

Gobeller as an App-as-a-Service

Gobeller is designed as an App-as-a-Service platform. This means that instead of requiring every business to go through the long and expensive process of securing a CBN license, Gobeller integrates directly with existing licensed financial institutions such as:

• Paystack

• Wema Bank

• Asset Matrix

• Other regulated payment providers

Through these integrations, our clients can:

• Generate Virtual Accounts

• Process Payouts

• Accept Payments

• Handle Bills & Collections

All of this happens under the regulatory coverage of our licensed partners. In short, you don’t need to own a CBN license just to start running your fintech app on Gobeller.

When Do You Need Your Own License?

If you plan to become a full financial institution — holding customer funds directly, issuing loans, or running as a payment company — then yes, you will eventually need your own CBN license. These licenses may include:

• Payment Service Provider (PSP)

• Payment Solution Service Provider (PSSP)

• Finance Company License

• Microfinance Bank License

• Mobile Money Operator License

Alternatives While You Scale

While working towards a CBN license, many businesses take advantage of state-level licenses such as:

• Thrift & Credit Society registration (Co-operative license)

• Partnerships with existing licensed financial institutions

These options provide a legal framework to start operations while building traction.

The Gobeller Advantage

With Gobeller, you can:

• Start immediately without your own CBN license

• Operate safely under integrations with licensed partners

• Add a state-level license for credibility if required

• Transition smoothly to your own CBN license as your business grows

Final Word

Building a fintech app doesn’t have to mean waiting years for regulatory approval before you launch. Gobeller empowers you to start fast, scale smart, and stay compliant by leveraging our integrations with regulated institutions while you prepare for your own licensing journey.

Gobeller — powering fintech as a service.