• Tuesday, April 23, 2024
businessday logo

BusinessDay

Zedvance Finance Limited lends $90 million in 18 months, expands into business financing

20230605_225945_0000

Zedvance Finance Limited is proud to announce its disbursement of over $90 million in loans within the past 18 months. This milestone highlights the company’s commitment to providing accessible and innovative financial solutions across Nigeria.

Zedvance first broke into the consumer finance industry in 2014 and over the years, the company has established itself as a trusted provider of financial solutions. Leveraging its robust credit scoring system and digital delivery platform, the company has successfully disbursed over 2,000,000 loans since its inception, establishing a strong foothold in the industry.

Building upon its success, Zedvance is embarking on a major strategic expansion to consolidate its leadership in retail lending while venturing into impact-driven finance for businesses. This expansion will be fuelled by a re-aligned workforce, innovative digital distributions, strategic partnerships, enhanced process efficiencies, and a focus on delivering an exceptional experience for its clients.

Reflecting on the company’s expansion plans, Mr. Ever Obi, Managing Director, Zedvance Finance, stated, “We are expanding our product offerings and delivery channels to unlock demand from additional market segments and lay a solid foundation for outsized future growth.”

The Board Chairman, Mr. Adedayo Amzat, CFA, also reiterated the company’s vision, with his comment, “We are re-defining our essence and signaling our ambition to become the leading Fintech Lender in Nigeria. Our execution and growth will be anchored on an empowered workforce, focused execution, robust risk management, and digital innovation, among other key success factors.”

Our execution and growth will be anchored on an empowered workforce, focused execution, robust risk management, and digital innovation, among other key success factors.”As a member of the Zedcrest Group- a new-age financial powerhouse which was recognised by the Financial Times asAfrica’s fastest growing Financial Services Company- Zedvance FinanceLimited is committed to achieving ”a future redefined”.

This future will spotlight its transformation into Nigeria’s leading technology retail finance platform for individuals and businesses. This transformation will deepen its focus on its digital channels and provide its customers with better access to payment, credit, and commerce.

About Zedvance Finance Limited

Zedvance Finance Limited is Nigeria’s leading non-bank retail lender, providing accessible and innovative financial solutions to individuals and businesses. Zedvance boasts a team of highly experienced executives with combined work experience of over 150 years.

For more information on Zedvance Finance Limited, please visit www.zedvance.com or contact 0700 100 1000.