CapitalSage Targets Business Expansion

Ugo Aliogo
CapitalSage Limited has reiterated its commitment to expanding its operations and strengthening its position in the financial technology sector.

The Group Managing Director of CapitalSage, John Alamu, disclosed this recently in Ibadan, Oyo State, during a visit by the Managing Director of Keystone Bank, Olaniran Olayinka, alongside members of the corporate banking directorate.

Alamu explained that CapitalSage was unwavering in its drive to continually forge strategic alliances that would benefit its stakeholders.

According to him, “We have been deliberate about the kind of partnership we forge and the acquisition we make because of the unique position we occupy in the fintech space.

“Late last year, we formally acquired CinTrust Microfinance Bank from Odua Cooperative Conglomerate, the biggest and most influential cooperative society in the south-west. As of now, the final documentation with the Central Bank of Nigeria is ongoing.

“This acquisition coupled with a knitted relationship with financial partners like Keystone Bank is very strategic for us as we move to strengthen our value proposition.”

The Manager, Financial Inclusion, Kolomoni, Macdonald Okoh, who expressed delight about the future of the company and strategic moves by the leadership, commended the timeliness of the acquisition to CinTrust Microfinance Bank.

“We are currently in 24 states, leading with our Kolomoni agent banking network, but we have not even scratched the surface of our agenda for the sector.

“We are improving our service and operations to reach the most remote and excluded Nigerians with the basic financial service they deserve. The company’s acquisition of CinTrust Microfinance Bank has facilitated our membership with the Share Agent Network Expansion (SANEF), this gives us stronger leverage toward achieving a financially inclusive society,” Okoh said.

Commenting on the brand’s long-term goal, Alamu, stated that CapitalSage seeks to be the leading partner of financial technology in Africa.

In his words, “In the last 14 months, our operations have been focused on reaching millions of Nigerians including the unbanked and underserved through our vast business areas.

“We have continuously optimised our business focus to meet the deep financial concerns of the African market. In September 2020, we officially relaunched from CreditAssist Investment Limited based on this new direction. We are fully committed to driving financial inclusion and prosperity, not just in Nigeria but in Africa.”