CapitalSage Limited reiterates commitment to operational expansion and service excellence
CapitalSage Limited, an integrated financial service group providing ingenious digital solutions to solve critical problems for businesses and individuals in Africa, has reiterated its commitment towards expanding its operations and strengthening its position in the financial technology sector. The Group Managing Director of CapitalSage, John Alamu made this known during the courtesy visit of the Managing Director (MD) of Keystone Bank, Olaniran Olayinka, alongside members of the Corporate Banking Directorate to the HQ Office of CapitalSage in Ibadan.
Mr. Alamu noted that CapitalSage was unwavering in its drive to continually forge strategic alliances that will benefit its stakeholders. According to him, “We have been deliberate about the kind of partnership we forge and the acquisition we make because of the unique position we occupy in the fintech space. Late last year, we formally acquired CinTrust microfinance bank from Odua Cooperative Conglomerate, the biggest and most influential cooperative society in the southwest. As of now, the final documentation with the Central Bank of Nigeria is ongoing. This acquisition coupled with a knitted relationship with financial partners like Keystone Bank is very strategic for us as we move to strengthen our value proposition.
Expressing his excitement about the future of the company and the strategic moves by the leadership, Macdonald Okoh, Manager, Financial Inclusion at Kolomoni (a subsidiary of CapitalSage) commended the timeliness of the acquisition to CinTrust Microfinance Bank. “We are currently in 24 states, leading with our Kolomoni agent banking network, but we have not even scratched the surface of our agenda for the sector. We are improving our service and operations to reach the most remote and excluded Nigerians with the basic financial service they deserve. The company’s acquisition of CinTrust Microfinance Bank has facilitated our membership with the Share Agent Network Expansion (SANEF), this gives us stronger leverage toward achieving a financially inclusive society,” Okoh said.
Commenting on the brand’s long-term goal, John Alamu, stated that “CapitalSage seeks to be the leading partner of financial technology in Africa.
In his words, “in the last 14 months, our operations have been focused on reaching millions of Nigerians including the unbanked and underserved through our vast business areas. We have continuously optimised our business focus to meet the deep financial concerns of the African market. In September 2020, we officially relaunched from CreditAssist Investment Limited based on this new direction. We are fully committed to driving financial inclusion and prosperity, not just in Nigeria but in Africa.”
“Our offerings are versatile and innovative, providing value across all aspects of the financial technology ecosystem. CapitalSage was founded on the principle of agility, we continuously reinvent ourselves to always provide people-focused solutions. Our goal is not to compete with anyone, we aspire to be the collaborator, accelerator, and facilitating partner of financial technology in Africa.”
CapitalSage, whose products include Kolomoni, an agency banking, digital savings, and investments app; CapiFlex, an e-payment/fund collections platform and value-added service API platform amongst others, is guided by its agenda of financial inclusion, entrepreneurship development, and wealth creation in Africa.
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