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Sparkle profile

Who owns Sparkle?

traditional · Lagos, NG · Licensed bank · custody: Custodial

short answerSparkle holds its own banking licence, so Sparkle itself is the bank — customer deposits sit on its own regulated balance sheet rather than with a third-party sponsor.

Is Sparkle a licensed bank?

Yes — it holds its own banking licence. Licence detail: Microfinance bank (NG).

Where is your money held?

Custody model: Custodial — on Sparkle's own balance sheet as a licensed bank.

No sponsor bank or infrastructure provider is publicly documented for Sparkle yet. Know one? Suggest it.

Who's behind Sparkle?

Sparkle was founded by Uzoma Dozie (2019), headquartered in Lagos, NG.

Is my money safe with Sparkle?

As a licensed bank, eligible deposits at Sparkle are typically protected by the local deposit-guarantee scheme up to the statutory limit (for example FDIC in the US, FSCS in the UK, or the €100,000 EU scheme). Confirm the exact scheme and limit for your country.

go deeperSee the full Sparkle profile with every verified field, or Sparkle alternatives. Raw fields: data.json.

Figures compiled from public sources, for comparison only — not financial advice. "Up to" rates change constantly; always confirm with the issuer. Spotted an error? Suggest a fix.