Digital Space Capital Records 81.7% Year-On-Year Growth

Digital Space Capital (DSC), a leading finance and investment company, recorded a growth of 81.7 percent year-on-year (YoY).

The announcement was made during DSC’s 2024 Giant Stride Investment Summit themed “The Quantum Leap 5.0”, held in Lagos on Wednesday, 27th November 2024.

The company also reported a 30.2 percent increase in gross income, driven by the diversification of revenue streams. Presenting the financial results, Dr. Ayomipe Ajayi, an Auditor at KSBC Advisory Partner Limited, highlighted the company’s robust financial performance.

“In 2023, DSC achieved significant revenue expansion,, ” Ajayi stated. “Profit before tax increased significantly by 81.7 percent.

Cordros Capital Limited, Investment Advisor to DSC, BlackStone Capital and M & B Solicitors, Solicitor to DSC, also highlighted the vast potential for investors to capitalize on DSC’s exponential growth trajectory, urging them to seize emerging opportunities.

The Etsu Nupe of Nupe Land, Dr. Yahaya Abubakar, who also serves as Chairman of the Board of Directors at DSC, commended the Group Managing Director, Mrs. Olubukola Abitoye, for her exceptional leadership over the past five years.

The Ooni of Ife, Oba Enitan Ogunwusi, commended Abitoye, saying: “I am deeply invested in the success of Digital Space Capital (DSC) and consider myself an integral part of their journey. Their growth and progress are of utmost importance to me, and I pledge to continue supporting them in all their pursuits. Ultimately, true wealth lies not in material riches, but in the values and relationships we cultivate.”

Speaking on the summit, Abitoye remarked:
“The theme of this year’s summit embodies bold ambition and fosters transformative ideas and partnerships to redefine the investment landscape. It serves as a platform for innovators and stakeholders to align strategies that drive growth, sustainability, and innovation. Together, we embrace the challenge of scaling impact, reshaping industries, and unlocking opportunities for a prosperous future.”

Abitoye mentioned that the company started in the COVID year, where there were lots of instability and uncertainty. As we speak, DSC has 8 branches in Nigeria and a branch in London. She also emphasized the NPL (Non Performing Loans) ratio, which is less than 1 percent.

Abitoye added that the summit’s theme reflects DSC’s core values of innovation, proactivity, and an unwavering commitment to excellence.

Digital Space Capital (DSC) launched two new subsidiaries at the Quantum Leap 5.0 event: “EasyPay Tech Solutions”, a cutting-edge remittance platform for seamless transactions in major currencies; and “DSC Microfinance Bank (DSC MFB)”, offering savings, credit and microloan services to promote financial inclusion.