Prospa - Business Account 4+

Prospa are changing the way business banking is done in Africa. This app is truly innovative, it’s easy to use, and intuitive. It cuts out most of the red tape associated with using more established banks, without compromising on security.

For startups, this app is particularly powerful in that it saves an enormous amount of time through leveraging automation: Automatically transferring money to your sub accounts as they hit your main account, automatically paying staff and vendors (payroll) and much more.

The most exciting part, is that Prospa has only been around a short period of time, and if this is how they’ve started, then the only way is up, and I can’t wait to see new features come through the pipeline.

I have been using prospa for the past 3 weeks non stop and i must say i appreciate the speed of transfers as well as the customer service. They are very helpful in sorting out issues. When i had issues with a particular bank that my prospa account is tied to they offered an alternative and thats all we really need when it comes to banking.

Great account and saves you enormous fees. Good news is a better choice than Parkway

Please be aware that they charge the following for having an account with them. When your inflow of cash exceeds; 100k NGN they charge you 3k on top of the transfer fees that you have to pay 500k NGN they charge you 5K on top of the transfer fees that you have to pay. It would be good for them to be transparent to communicate this before setting up your account.

My transfers have gotten missing so many times. I sent money to my business account and it has been 24 hours and still no credit alert. What’s frustrating is that It is difficult to contact support because their number usually doesn’t work and It may also take over 24 hours to get a response from customer service in the app. And the responses are typically generic and not helpful.