Capsa Technology Records Over 300% Growth in Transaction Volume

Nume Ekeghe

Capsa Technology, an invoice factoring platform, has achieved exceptional growth in 2024, with its transaction volumes soaring by more than 300 per cent.

The firm in a stamen noted that their platform has facilitated over N15 billion in trades as of October, underscoring its role in enabling suppliers, procurement teams, and supply chain stakeholders to navigate Nigeria’s challenging economic landscape effectively.

Chief Executive Officer, Capsa Technology, Mustapha Suberu, said:  “This year, the company has experienced a remarkable 300 percent  jump in transaction volume, with trades surpassing 15 billion Naira before October even ended.

“What is clear is that in today’s tough economic environment, businesses are actively seeking fast and reliable cash flow solutions, adding that the growing demand has been a major driver of its success in 2024.” 

Speaking on how the platform supports its users, Chief Sales and Marketing Officer, Segun Dada, said the platform is a marketplace where suppliers can sell their invoices and access cash within 48 hours, adding that this is a real game-changer for businesses managing tight cash flow.

Dada stressed that this been especially helpful for suppliers in complex supply chains, keeping their operations running smoothly.

“What we often see is that businesses who join and start transacting with us quickly scale up, increasing their turnover. This naturally leads to trading more invoices on our platform, and for larger amounts.

“For example, one of our FMCG clients grew their total transaction volume with us by over 400 percent this year, an incredible achievement for an industry that has been one of the hardest hit by Nigeria’s current macroeconomic challenges,” he said.