NEWS

Sync Finance Secures CBN Licence to Expand Loan Credit and Investment Solutions

Sync Capital and Advisory Limited has officially secured a Finance Company Licence from the Central Bank of Nigeria (CBN), marking a major milestone in its journey to becoming a leading non-bank financial institution in the country.

Now rebranded as Sync Finance Company Limited, the Lagos-based firm will operate from its Lekki Phase 1 office and provide innovative credit and investment solutions to individuals, entrepreneurs, and Micro, Small, and Medium Enterprises (MSMEs).

Driving Inclusive Financial Growth

According to the company’s management, the newly obtained licence authorizes Sync Finance to function as a regulated finance company focused on bridging funding gaps for underserved MSMEs. The institution aims to stimulate multiple sectors of the Nigerian economy by making capital more accessible to small businesses.

“Positioned at the intersection of finance and technology, Sync Finance is committed to building an inclusive financial ecosystem that empowers entrepreneurs, creates jobs, and contributes to GDP growth,” the statement noted.

CEO Highlights Mission and Strategy

Speaking on the development, the Chief Executive Officer, Mr. Ikenna Imo, described the milestone as a reflection of the company’s long-term vision. He emphasized that responsive and technology-driven financing solutions are essential for unlocking Nigeria’s economic potential.

“Our mission is to become the financial institution of choice for entrepreneurs and MSMEs across the markets we operate in,” he said.

Imo also highlighted the firm’s use of data-driven credit assessments, digital loan processing, and embedded investment tools to ensure faster, more reliable access to capital.

Investment Opportunities for Nigerians

Beyond credit services, Sync Finance will also provide structured investment products, enabling both individual and institutional investors to access safe, rewarding, and digitally-powered investment options.

“In addition to deploying accessible credit, we will offer tiered investment opportunities designed to meet the needs of everyday investors who seek security and attractive returns,” Imo added.

Strengthening the Real Sector

Non-Executive Director, Mr. Uhabia Ojike, further explained that Sync Finance is strategically positioned to support Nigeria’s real economy, particularly in retail trade and local value chains.

“With the backing of an experienced board and a strong governance framework, we are building a financially sound, impact-driven institution that reflects Nigeria’s growth ambitions,” Ojike stated.

Frequently Asked Questions (FAQs)

1. Is Sync Finance Company Limited licensed by the CBN?

Yes. Sync Finance Company Limited is officially licensed by the Central Bank of Nigeria (CBN) as a non-bank financial institution. This makes it a trusted and regulated option for loans and investments.

2. Who can apply for loans from Sync Finance?

Sync Finance provides credit to MSMEs, entrepreneurs, and individuals who meet its eligibility criteria. The company uses data-driven credit assessments to ensure quick approvals and fair access to funding.

3. What investment opportunities does Sync Finance offer?

The company offers tiered investment products for both retail and institutional investors. These digital investment solutions are designed to be secure, rewarding, and accessible through convenient online channels.

4. How does Sync Finance support small businesses in Nigeria?

By offering affordable MSME loans, flexible repayment plans, and digital financial tools, Sync Finance helps small businesses gain access to working capital, expand operations, and contribute to Nigeria’s economic growth.