CreditPro Finance Company Limited is targeting to raise N2 billion in capital by the end of the year, following its recent licensing by the Central Bank of Nigeria (CBN).
The capital injection is aimed at strengthening the company’s financial foundation and accelerating its expansion into new markets.
The Managing Director of CreditPro, Adesola Adeyiga, speaking in an interview with Naijaonpoint, confirmed that the fundraising initiative represents the first round of investment under the firm’s newly acquired regulatory status.
“This is our first round of investment, and we intend to raise N2 billion before December 2025,” he stated.
The MD outlined a detailed plan for the deployment of the funds, which will be strategically allocated across three core areas:
To facilitate the capital raise, CreditPro is currently in discussions with three investment houses, including Mainstreet Capital. These firms are acting as strategic partners, assisting in identifying potential investors and structuring the fundraising process.
“We’re exploring multiple avenues, including private placements and preference shares that may later convert to equity,” the MD explained. “While commercial papers are part of our long-term strategy, we’re not immediately pursuing that route due to the newness of this business model under our CBN licence.”
Although CreditPro has operated for six years under a money lender licence, its recent transition to a CBN-licensed finance company marks a new chapter in its evolution. The regulatory upgrade positions the firm to expand its lending portfolio and offer more robust financial solutions to SMEs across Nigeria.
With work on the fundraising initiative already underway, CreditPro is optimistic about completing the capital raise before the end of 2025.
The company’s leadership believes the move will significantly enhance its credibility, attract institutional investors, and enable it to compete more aggressively in Nigeria’s dynamic financial services sector.
As CreditPro enters this new phase, its focus remains on sustainable growth, innovation, and delivering long-term value to stakeholders.