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BAS Group, a Nigerian investment company with a keen interest in underpenetrated markets, has taken a significant strategic step by acquiring a controlling stake in Zuvy Technologies, a Lagos-based startup focused on invoice financing. The acquisition, finalised through a cash...
#Abdulateef Hussein#Ahmad Shehu#Angel Onuoha
Finceptive Limited (Finceptive), a Nigerian a specialised working capital provider, has successfully raised NGN 3bn (US$1.9m) through its inaugural commercial…
#commercial paper#Finceptive#supply chain finance
The Nigerian Senate has taken a significant step towards improving the financial landscape for Micro, Small, and Medium Enterprises (MSMEs)…
#factoring#factoring legislation
The National Insurance Commission of Nigeria (NAICOM) has assured its support for the ongoing efforts to transform the Nigerian Factoring…
#factoring association#Hope Yogo#NAICOM
Waza, a B2B payment and liquidity provider for emerging market businesses, has secured US$8m in a combination of equity and…
#B2B payments#cross border payments#liquidity
British International Investment (BII), the UK’s development finance institution and impact investor, has pledged US$50m to Access Bank, one of…
#BII
FIRST City Monument Bank (FCMB) has announced a US$15m Master Murabaha Agreement with the International Islamic Trade Finance Corporation (ITFC),…
#bank#forum#international
Demica, the fintech specialising in supply chain finance solutions, has announced the expansion of supply chain finance to Nigerian businesses,…
#supply chain finance
African Export-Import Bank (Afreximbank) has partnered with Sterling Bank to introduce the innovative supply chain finance product ‘Payables Finance’, in Nigeria.…
Duplo, a Nigerian-based B2B fintech said in a recent statement it has launched its Vendor Management Portal which helps businesses optimise their…
#accounts payable#cash-flow#invoice
eBiashara, a pioneering force in innovative fintech solutions, has announced its strategic partnership with FMDQ Group Nigeria, a leading financial private…
#liquidity#supply chain finance
Zuvy, a Nigerian based invoice financing fintech, has raised... (more…)
#digital lending
Fiducia, a Nigerian technology-leveraged supply chain financing platform, has rolled out the first-of-its-kind solution that will further drive the growth…
#Fiducia#supply chain finance