Under Sierra Leone's Bank and Financial Services Act 2022, deposit-taking requires a banking licence from the Bank of Sierra Leone, while e-money and payment services operate under BSL guidelines. A white-label or embedded finance program must therefore rest on a licensed bank or a BSL-authorized e-money issuer.
Freetown businesses evaluating white-label programs should ask the provider which licensed bank or BSL-authorized issuer stands behind the service, and how customer funds are held. Where documentation is unclear, verify directly with the Bank of Sierra Leone before committing funds or customer data.
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Use the sourced market guidance above to evaluate providers directly with the national regulator and each provider before opening an account.
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Disclosure: Digital Bank Networks is not a bank. We are an independent comparison platform. Some of the providers on this page are our affiliate partners, and we may receive compensation when you open an account through our links. This does not affect our ratings or rankings, which are based on independent analysis. All information is provided for educational purposes only. Please review each provider's terms and conditions before opening an account.