DLM Capital expands into Nigeria s fintech sector, gets MFB license -
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Bank to leverage Nigeria s Fintech market, acquires MFI | The Guardian Nigeria News - Nigeria and World NewsBusiness — The Guardian Nigeria News – Nigeria and World News
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Goddy Egene
The DLM Capital Group has acquired Links Microfinance Bank as part of plans to expand into Nigeria’s million-dollar fintech sector.
The Corporate Communications Manager at DLM Capital Group, Chinwendu Ohakpougwu, who disclosed this in a statement, explained that the acquisition would give the group the mandate to operate small scale banking services in Nigeria.
According to Ohakpougwu, this will also allow the successive launch of its star digital lending brand, Sofri, in the second quarter of this year.
“The acquisition, combined with the bank’s many fintech efforts already underway, will position them to deliver even more value for corporates and consumers.