CreditPro eyes N2bn boost after CBN licence

CreditPro Finance Company Limited has revealed plans to raise fresh capital worth ₦2 billion before the year ends. The move comes just weeks after the Central Bank of Nigeria (CBN) granted it a finance company licence, opening the door for nationwide expansion.

The Managing Director, Adesola Adeyiga, described the fundraising as the first step under its new regulatory status. “This is our first round of investment, and we intend to raise ₦2 billion before December 2025,”

Fuel for expansion

According to Adeyiga, most of the funds — about ₦1.7 billion — will strengthen working capital, giving the firm more liquidity to serve small and medium-sized businesses. Around ₦200 million will be channelled into digital infrastructure, including new tech platforms and server upgrades, while the remaining ₦100 million will drive market expansion through new branches and brand campaigns.

He explained that CreditPro is currently in talks with three investment houses, among them Mainstreet Capital, to support the fundraising. The firm is considering private placements and preference shares that may later convert to equity. However, he noted that commercial papers were not an immediate option due to the company’s fresh operating model under the CBN licence.

New chapter for SME lending

For six years, CreditPro operated with a state lending licence. But its recent CBN recognition now positions it as a key player in Nigeria’s competitive financial services sector. The company has already disbursed over ₦20 billion to more than 2,500 SMEs since inception, and management believes the new capital raise will push it further.

“The upgrade gives us credibility with institutional investors and regulators,” Adeyiga added. The company also plans to adopt AI-powered lending tools to speed up access to credit for entrepreneurs across the country.