At Peerless, our commitment to creating customer-driven solutions that enable business success continues to shape how we scale modern financial technology across Africa. This partnership with Huawei marks a pivotal shift, accelerating how financial institutions adopt cloud, innovate securely, and deliver next-generation banking experiences.
On November 21, 2025, this vision came to life at the official signing ceremony of a Memorandum of Understanding (MOU) between Peerless, Huawei, and MasterPlan Consulting and Technology Services. The agreement was formalised at Huawei’s Lagos office, with key leadership from both organizations present, including Glarie Gao, Huawei’s Director of Financial Services Industry (FSI); Dr. Joachim Adenusi, Co-Founder and CEO of Peerless; Mustapha Otaru, Co-Founder and Executive Director of Peerless; and Oladeji Adeola, Managing Director of MasterPlan Consulting and Technology Services, the brokers of this partnership.
Speaking at the event, Glarie Gao emphasized Huawei’s commitment to delivering reliable cloud infrastructure that strictly adheres to Nigeria’s data residency regulations. She highlighted that this collaboration enables financial institutions to innovate confidently while remaining fully compliant with local laws.
What the MOU Is About
Peerless has entered a strategic partnership with Huawei to deliver cloud-based financial technology across Africa. The agreement makes our flagship core banking solution, SeaBaas, available as a SaaS product on Huawei’s Cloud Marketplace, Koogallery.
Beyond product availability, the partnership extends into deeper collaboration, including:
- Joint innovation around AI-driven intelligent core banking
- Co-development of cloud-optimized architectures for faster, more resilient deployments
- Expansion of an ecosystem that connects banks, fintechs, and partners across markets
- Co-marketing initiatives to scale the adoption of modern, locally built enterprise financial solutions
Together, Peerless’ expertise in localized, modern core banking and Huawei’s secure, regulation-aligned cloud infrastructure will:
- Accelerate cloud adoption
- Support secure and compliant innovation
- Help banks modernize faster with lower capital cost
- Expand access to infrastructure built for scale and continuous improvement
Why This Matters
This partnership is more than a product expansion. It redefines how African financial institutions access, deploy, and scale enterprise-grade technology.
- Faster, flexible deployment: Banks can adopt SeaBaas without heavy infrastructure investments.
- Compliance confidence: Huawei’s cloud strictly aligns with Nigeria’s data residency laws, ensuring regulatory adherence.
- Reduced infrastructure risk: Institutions avoid the costs and vulnerabilities of on-premise systems.
- Improved unit economics: SaaS delivery provides predictable spending and lower operational overhead.
- Faster product rollout: Institutions can launch and iterate digital products at greater speed.
- Future-ready innovation: Peerless and Huawei will explore AI capabilities that support intelligent, scalable banking operations.
This MOU lays the foundation for a stronger, more resilient, cloud-native banking ecosystem across Africa.
What Customers Can Expect Moving Forward
With SeaBaas now available on Koogallery, customers can expect:
- Simpler access to enterprise-grade core banking
- Faster onboarding and reduced implementation timelines
- Lower capital and operational expenditure
- Continuous innovation supported by a scalable architecture
Institutions interested in early access can join the SeaBaas SaaS waitlist to receive onboarding priority and product updates.
A Stronger Future for Cloud-Native Banking
The future of African banking is cloud-driven, intelligent, and globally competitive. Through this partnership, Peerless is enabling institutions to move faster, operate more efficiently, and innovate confidently. We remain committed to being the partner of choice for financial institutions ready to embrace cloud-native transformation, starting now.
