Where is ALAT located?

ALAT is headquartered in Lagos, Nigeria.

How many employees does ALAT have?

As of Jun 30, 2026, the latest employee count at ALAT is 250.

Is ALAT a funded company?

ALAT is a funded company, having raised a total of $***** in its 1st and only funding round.

Where does ALAT rank among its competitors?

ALAT ranks 189th amongst 2001 active competitors, of which 202 are funded. It stands 11th in terms of total funding among its competitors. The most recent competitor to raise funding was Mercury, which secured $200M in May, 2026.

Who are the top competitors of ALAT?

ALAT's top competitors include Nubank, Revolut and Monzo. Among them, Mercury secured the most recent funding round in May, 2026.

ALAT - 2026 Company Profile, Team & Competitors

ALAT is an unfunded company based in Lagos (Nigeria), founded in 2016 by Nnamdi Azodo. It operates as an Internet first bank in Nigeria. ALAT has not raised any funding yet. The company has 2001 active competitors, including 202 funded and 114 that have exited. Its top competitors include companies like Nubank, Revolut and Monzo.

Company Details

ALAT is an Internet first bank in Nigeria. Users can open an account and apply for a debit card through the app by entering their BVN and phone number. Users can transfer money and set recurring payments through the app. The app also offers a module which enables users to save money towards their goals automatically.

Website: alat.ng
Social
Email ID: *****@alat.ng
Phone Number: +234 **********
Part Of

Key Metrics

Founded Year

2016

Location

Lagos, Nigeria

Stage

Unfunded

Ranked

189^th among 2001 active competitors

Employee Count

250 as on Jun 30, 2026

Similar Companies

Nubank & 705 more

View ALAT's full profile

ALAT has not raised any funding rounds yet.

The founders of ALAT is Nnamdi Azodo.

Here are the details of ALAT's key team members:

Nnamdi Azodo: Founder of ALAT.

View details of ALAT's Founder profiles and Board Members

ALAT's employee count trend

ALAT has 250 employees as of Jun 26. Here is ALAT's employee count trend over the years:

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Top competitors of ALAT include Nubank, Revolut and Monzo. Here is the list of Top 10 competitors of ALAT, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Nubank 2013, Sao Paulo (Brazil), Public	Provider of digital banking services, including credit cards and accounts	$2.27B	DST Global, Sequoia Capital & 39 others	89/100
2nd	Revolut 2015, London (United Kingdom), Series E	Provider of banking solutions for retail customers and businesses	$1.99B	Balderton Capital, TCV & 150 others	86/100
3rd	Monzo 2015, United Kingdom, Series I	Provider of digital banking services including savings accounts and loans	$2.41B	Passion Capital, General Catalyst & 65 others	84/100
4th	Mercury 2017, San Francisco (United States), Series D	Provider of a comprehensive online platform offering a range of financial services	$546M	TCV, CRV & 77 others	83/100
5th	Chime 2012, San Francisco (United States), Public	Digital bank for individuals	$3.15B	DST Global, Dragoneer Investment Group & 56 others	83/100
6th	Qonto 2017, Paris (France), Series D	Provider of business account, payment cards, and financial management solutions	$717M	Alven, Valar Ventures & 26 others	82/100
7th	Starling Bank 2014, London (United Kingdom), Series D	Provider of digital banking services including savings and payment accounts	$1.01B	Merian Global Investors, Goldman Sachs & 35 others	82/100
8th	Ally 1919, Detroit (United States), Public	Provider of banking, auto finance, investing, and life insurance products	$1.3B	Omega Advisors, Cerberus Capital Management ... & 5 others	81/100
9th	Dave 2016, Los Angeles (United States), Public	Developer of a mobile banking application offering financial management tools	$63.6M	Norwest, Financial Solutions Lab & 18 others	81/100
10th	Brex 2017, San Francisco (United States), Acquired	Provider of financial software platform, cards, banking, expense, and accounting	$1.2B	Greenoaks, DST Global & 68 others	81/100
189th	ALAT 2016, Lagos (Nigeria), Unfunded	Internet first bank in Nigeria	-	-	46/100