• Wednesday, February 21, 2024
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Vale Finance completes N500m recapitalisation to boost expansion

Vale Finance completes N500m recapitalisation to boost expansion

Vale Finance Limited, a financial services company in Nigeria, has announced the successful completion of its N500 million recapitalisation in a bid to expand service offerings in the country’s market.

In a statement, the firm said the N500 million recapitalisation effort underscores the company’s dedication to fortifying its financial foundation and expanding its service offerings in the dynamic Nigerian market.

“The successful recapitalisation of N500 million is a significant milestone for us. It reaffirms our commitment to providing unparalleled financial solutions and underscores our dedication to the long-term success of our clients and stakeholders,” Sola Adeyinka, CEO of Vale Finance Limited, said.

“We are excited about the opportunities that lie ahead and remain steadfast in our mission to deliver excellence in financial services,” he said, adding that Vale Finance recently announced it had crossed over 100,000 registered users who use the platform for their financial needs and has processed over N6 billion in transactions.

“It has also powered businesses by disbursing over 1000 credit facilities. This over 100,000 user mark is not just a numerical achievement; it represents the collective trust of a diverse and expanding user base,” Adeyinka said.

The firm added that it was able to withstand market volatility and ensure the security of clients’ investments solidifying Vale’s commitment to adhering to regulatory standards and best practices, by maintaining a high level of integrity and transparency.

Vale Finance said it has leveraged technology to make basic savings, investment, and banking available to everyone through its Vale digital app while its business customers are serviced through our commercial business arm with loan facilities, high-yield term deposit investments, and other financial products.