Stanbic IBTC’s Fintech Posts Wider Loss of N2.74bn Despite Fresh Capital

Zest Payments Limited, the fintech subsidiary of midsize lender Stanbic IBTC Holdings Plc, saw its loss widen to N2.74 billion last year from N2.09 billion in 2024.

Markets Reporters reported in January 2025 that the parent company planned to inject an additional N4 billion into Zest Payments, previously known as Stanbic IBTC Financial Services when it was launched in May 2023.

READ MORE: Stanbic IBTC fintech unit Zest to get N4bn in fresh capital as losses widen