5 key places your business can get funds in Nigeria

2 min read

We have continued to look at places where businesses big or small in Nigeria can get capital for their business because we understand the importance of timely access to funds for businesses.

This list of places are not all in Nigeria, but they provide access to funds for Nigerian businesses. You can find the list of other places where businesses can get capital here, here and here.

1. RenMoney

RenMoney offers customers unsecured cash loans of up to N2.5 million for a tenor that ranges from three to nine months for new customers, returning customers enjoy longer tenor of twelve months. This available for either salary earners or self-employed a verifiable source of income is provided.

Find out more about RenMoney here

2. Adlevo Capital

Adlevo Capital is a Mauritius-based private company. They are famous in Nigeria for their investments in SOLO phones. The company provides equity and equity-linked investments in rapidly growing private companies in various stages of development.


3. Lagos Angel Network

Lagos Angel Network organises seed funders to invest in start-up businesses. It organises pitch events. At these events, pre-screened business ideas are presented to the network by entrepreneurs.


4. GroFin

Headquartered in Mauritius, GroFin provides Small and Medium Enterprise (SME) finance/business loans in South Africa, Zambia, Nigeria and 10 other countries.

GroFin invests between 100,000 to 1.5 Million dollars in the business. Duration of finance is typically 3-8 years.

The business must be able to have a measurable impact in terms of the number of jobs supported and sustained, female ownership, female employment and semi-/unskilled labour. SMEs that provide indirect job opportunities (e.g. training, skills development) and/or environmental services (water, waste, energy, ecotourism) are also attractive to GroFin.


5. UT Financial services

UT Financial provides business loans tailored to different business needs. These are either working capital loans, stop gap loans or special purpose loans.


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Usman is a content developer and screenwriter. Bizarrely, he has never been seen in the same room with Batman, leading many to believe he is indeed the Dark Knight. He refuses to comment on these claims.

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