VFD Group secures Board approval for investments in Abbey Mortgage Bank and Bvndle, unveils capitalization strategy 

This was detailed in a disclosure published on the Nigerian Exchange Group on March 27, 2025, and signed by company secretary Gbeminiyi Shoda, following a Board meeting held two days earlier.

The investment in Abbey Mortgage Bank Plc is intended to support the bank’s capital raise and provide VFD access to the real estate and landed properties financing market in which the bank operates.

Additionally, the Board’s approval of funding for Bvndle Loyalty Limited seeks to enhance VFD Group’s involvement in the loyalty rewards market, given that Bvndle enables businesses to effectively reward customers and manage their relationships.

Investing in both sectors—the real estate financing market and the loyalty rewards market—will likely strengthen the operations of the recipient companies and enable VFD to explore newer, profitable opportunities.

Furthermore, the Board authorized the capitalization of VFD UK, VFD South Africa, and Template Limited to support their market diversification efforts in the UK, Pan-Africa, and within specialized lending operations, respectively.

Bvndle is a data-driven loyalty platform that helps businesses thrive and enables customers to maximize their value.

By utilizing data analysis and a broad partner network, Bvndle assists businesses in rewarding their customers and managing relationships more effectively.

According to the recent release by VFD, the Board approved an investment in Bvndle Loyalty Limited to strengthen the group’s presence in the loyalty rewards sector.

On the other hand, Abbey Mortgage Bank specializes in financing affordable housing units for home seekers, developers, and cooperatives.

Investing in Bvndle and Abbey Mortgage Bank would likely enable VFD to explore opportunities in both the loyalty rewards market and the real estate financing sector, while also helping the target companies improve their operational efficiency.

In February 2025, VFD Group announced a significant capital injection of N5 billion into VFD Microfinance Bank (V Bank), effective February 18, 2025.

 “This milestone represents a transformative leap in empowering Nigerians through innovative banking solutions. We see V Bank as a catalyst for economic growth, designed to address the diverse needs of our communities.”