CreditPro Finance Company Limited is preparing to raise N2 billion in capital before the end of 2025, a bold step following its recent licensing by the Central Bank of Nigeria (CBN). The plan, confirmed by Managing Director Adesola Adeyiga in an interview with Nairametrics, represents the company’s first major fundraising initiative since securing the regulatory upgrade.
“This is our first round of investment, and we intend to raise N2 billion before December 2025,” Adeyiga said, stressing that the capital will provide the foundation for both scale and credibility in Nigeria’s competitive finance sector.
How the Funds Will Be Deployed
Adeyiga outlined a three-pronged strategy for allocating the capital:
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- Working Capital – N1.7 Billion: To expand lending operations and ensure liquidity for serving small and medium-sized enterprises (SMEs).
- Technology Infrastructure – N200 Million: To strengthen the company’s digital backbone, including server upgrades and advanced platforms that can improve customer service and backend processes.
- Market Expansion – N100 Million: To fund branch openings and marketing campaigns designed to boost customer acquisition and brand visibility.
Fundraising Blueprint
CreditPro is engaging three investment houses, including Mainstreet Capital, to structure the fundraising process. Discussions are exploring private placements and preference shares that may convert to equity.
“We’re exploring multiple avenues, including private placements and preference shares that may later convert to equity,” Adeyiga explained. “While commercial papers are part of our long-term strategy, we’re not immediately pursuing that route due to the newness of this business model under our CBN license.”
The effort marks a turning point for the company, which has spent six years under a moneylender license. With CBN licensing, CreditPro now has the scope to expand its services and strengthen its portfolio for SMEs across Nigeria.
Capital Raising as a Sector-Wide Push
Across Nigeria’s financial services sector, the drive to raise fresh capital has become a central theme. Following CBN’s recapitalization push, commercial banks, microfinance institutions, and now finance companies have been compelled to shore up their balance sheets.
For instance, commercial banks are under pressure to meet significantly higher capital thresholds announced earlier this year, with some moving to the equity markets, rights issues, or private placements. Microfinance banks, too, have been racing to secure billions in fresh capital to avoid license revocation. Against this backdrop, CreditPro’s initiative reflects how smaller finance companies are positioning themselves early to withstand similar regulatory demands and to remain competitive.
Adeyiga believes completing the fundraising will not only provide working capital but also signal to institutional investors that CreditPro is ready to play in the big league. The additional liquidity will be crucial for SMEs, which have faced rising borrowing costs with commercial loan rates now hovering between 32% and 36%.
By reinforcing its balance sheet and scaling operations, CreditPro hopes to carve out a stronger role in bridging Nigeria’s credit gap — a space also being targeted by fintech players like FairMoney, Carbon, and Renmoney, which have raised funds through international debt and equity markets.
Regulatory Footing
CreditPro is no stranger to regulatory scrutiny. In 2023, the company was listed among 173 firms approved by the Federal Competition and Consumer Protection Commission (FCCPC) to operate as digital money lenders. Out of that number, 119 were fully approved, while 54 received conditional approvals. That process, which helped sanitize the digital lending space, positioned firms like CreditPro as credible alternatives in a sector marred by unregulated operators.
Now, with its CBN license in hand and a N2 billion raise in motion, CreditPro is moving from regulatory compliance to strategic expansion. The company’s leadership is betting that the mix of working capital, tech investment, and market reach will ensure it emerges stronger in Nigeria’s evolving finance industry.