A technology-driven supply chain financing platform, Fiducia, unveiled a solution to boost Nigeria’s supply chain financing market to N12tn.

The firm said its mission was to revolutionise the way corporate buyers, suppliers, and financiers connected and transacted within a digital marketplace designed specifically for financing and trading invoices.

Fiducia’s innovative approach leveraged the credit profiles of corporate buyers to grant suppliers access to low-cost financing, while preserving the liquidity of the corporate buyers.

This system provided a strengthened cash flow for both corporate buyers and suppliers without significantly impacting the on-balance sheet loan profiles of clients.

For financiers, Fiducia said it opened up new opportunities by granting access to a broader pool of previously overlooked corporates and de-risked suppliers actively seeking financing.

During the formal launch in Lagos, the Chief Executive Officer of Fiducia, Imohimi Aig-Imoukhuede, emphasised the immense potential of Nigeria’s supply chain financing sector.

Aig-Imoukhuede said, “Fiducia is founded with the express purpose of levelling the playing field for business owners in Africa by unlocking the value of their supply chains. Today,

“Fiducia is successfully driving inclusive GDP growth by broadening financial inclusion – as a wider pool of small and mid-sized businesses enter Africa’s financial markets on the same terms and rates previously only available to large corporates.

“Fiducia’s financial services and funding partner ecosystem includes many of Africa’s top developmental finance institutions, equally committed to solving Africa’s supply-chain finance challenges.”

The International Finance Corporation currently estimates the value of Nigeria’s existing supply chain financing market at approximately N3tn. However,

Aig-Imoukhuede said by including the currently excluded SME supply chains, an additional N1tn could be unlocked, thereby driving substantial growth for Nigeria’s economy.

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