Sync Finance Company Limited has announced that it has secured a Finance Company licence from the Central Bank of Nigeria (CBN), authorizing it to operate as a licensed non-bank finance company.
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The firm, formerly known as Sync Capital and Advisory Limited, said the approval positions it to bridge critical funding gaps for Nigeria’s underserved micro, small and medium enterprises (MSMEs) while also stimulating growth across diverse sectors of the economy.
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Chief Executive Officer, Mr. Ikenna Imo, described the development as a major milestone in the company’s growth journey. He emphasized the importance of responsive and innovative financing solutions in driving national economic growth.
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“Our mission is to be the financial institution of choice for budding and established entrepreneurs and MSMEs. We intend to leverage data-driven credit assessments, fast and accessible loan processing, and digital investment tools to unlock capital for the everyday Nigerian entrepreneur and business,” Imo said.
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Beyond credit, Sync Finance plans to provide tiered investment products that give individuals and institutions the opportunity to access rewarding and secure investment options through seamless digital channels.
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Non-Executive Director, Mr. Uhabia Ojike, added that Sync Finance is strategically positioned to fund Nigeria’s real sector, particularly in retail trade and local value chains. “With a strong governance framework and experienced leadership team, we are building a financially sound, impact-driven institution that reflects the aspirations of the Nigerian economy,” Ojike stated.
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The company’s leadership team brings decades of combined experience across commercial banking, structured finance, credit risk, professional services, oil and gas, and financial technology, a mix it says will drive strong execution and governance discipline.
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Sync Finance operates from its Lagos office in Lekki Phase 1 and will focus on delivering innovative credit and investment solutions that empower small businesses, stimulate job creation, and support GDP growth.