Sync Finance Lands Key CBN Nod, Eyes Big Boost for Small Businesses and Economy

Written By: Flipbz.org

A fresh player in Nigeria's financial landscape is gearing up to make waves, armed with a hard-won license from the Central Bank of Nigeria. Sync Capital and Advisory Ltd, rebranded as Sync Finance Company Limited, now holds a full Finance Company Licence, paving the way for it to step in as a vital non-bank lender. The move zeros in on plugging money shortages for overlooked micro, small, and medium enterprises, or MSMEs, while pumping resources into key economic engines to spark wider growth.

At its core, Sync Finance sits squarely where traditional banking meets cutting-edge tech. The company promises a welcoming setup for financial services, one designed to fuel Nigeria's bigger ambitions by lifting up promising business owners, creating jobs, and giving the nation's gross domestic product a solid nudge forward.

"Our mission is to become the go-to financial partner for up-and-coming and seasoned entrepreneurs, along with MSMEs across our markets," said Ikenna Imo, the company's chief executive officer. He highlighted how Sync plans to harness sharp, data-fueled evaluations for loans, speedy approval processes that actually work for people, and seamless digital tools for investments. All this, Imo added, will help free up cash for the everyday innovators and firms driving the country.

Echoing that enthusiasm, Uhabia Ojike, a non-executive director, pointed to the firm's prime spot for backing the real economy. "We're set up perfectly to channel funds into vital spots like retail operations and homegrown supply chains," Ojike remarked. With a seasoned board and tight-knit rules in place, he said, Sync Finance is crafting a stable outfit that's as much about real-world impact as it is about smart money management, mirroring what Nigerians hope for in their financial system.

The leadership team brings serious heft to the table, drawing from years in the trenches of commercial lending, complex deals, risk checks, consulting gigs, energy sectors, and fintech wizardry. That mix ensures top-notch oversight and a no-nonsense approach to getting things done.

Looking ahead, Sync Finance isn't stopping at loans. It aims to roll out layered investment options for everyday savers and bigger players alike, all accessible through user-friendly online platforms. By targeting those underserved MSMEs and channeling support into productive areas, the company hopes to weave itself into the fabric of a more dynamic economy, one where small ideas turn into lasting success stories.