Nigerian fintech startup Mehtic Technology, the company behind BankPlus Core Banking Infrastructure, has won the 2026 RegTech Africa Startup World Cup Abuja Regional Challenge, positioning itself as a contender at the global stage of the competition. The win was announced on May 25, 2026, and places Mehtic Technology among the leading regulatory technology startups on the continent.

What Mehtic Technology Builds

BankPlus is a secure, scalable digital banking platform designed for financial institutions, with a focus on enabling efficient operations, promoting financial inclusion, and strengthening regulatory compliance. The platform targets banks and financial service providers that need robust core banking infrastructure without building expensive proprietary systems from scratch. Founder and CEO Ahmed Momoh-Sani has positioned BankPlus as a solution to the operational and compliance gaps that continue to challenge financial institutions operating in Nigeria's complex regulatory environment.



Why RegTech Is a Growing Opportunity in Nigeria

Nigeria's financial services sector operates under a multilayered regulatory framework administered by the Central Bank of Nigeria, the Securities and Exchange Commission, the Financial Reporting Council, and other bodies. Compliance obligations are significant, and the cost of non-compliance, including fines, licence revocations, and reputational damage, is material. As the CBN has accelerated digital banking licensing and oversight in recent years, the demand for technology tools that help financial institutions manage regulatory requirements efficiently has grown substantially.

RegTech, the application of technology to regulatory compliance, sits at the intersection of two of Nigeria's most active sectors: fintech and enterprise software. Mehtic Technology's Startup World Cup win signals that the market for compliance infrastructure is maturing and attracting serious builder attention.

The Global Stage Ahead

The RegTech Africa Startup World Cup is a regional qualifier for a global competition that brings together regulatory technology startups from across the world. Mehtic Technology's Abuja regional win earns the company a place in that global pipeline, giving it visibility with international investors, regulators, and enterprise clients who attend and follow the competition. For a startup operating in Nigeria's fintech infrastructure space, that international exposure is a meaningful milestone beyond the trophy itself.