The Federal Competition Promotion and Consumer Protection Commission has released latest list of Federal Government of Nigeria approved digital money lending companies in Nigeria. This latest release comes three months after the Commission first released list of 94 approved loan apps.
In response to harassment by unapproved shack loan companies on Nigerians, the FCCPC introduced the Limited Interim Regulatory/ Registration Framework and Guidelines for Digital Lending 2022 to make compulsory for such Fintech companies to obtain registration and be regulated to protect citizens from the atrocities of these apps.
After shifting its deadline multiple times, it finally adopted March 27, 2023, as the close of registration. The commission has now released a list of approved apps that can operate in the country. Companies without approvals will not be able to operate in the space.
Out of the 173, 119 have been granted full approvals, while 54 have conditional approvals.
Full Approval
1 SYCAMORE INTEGRATED SOLUTIONS LIMITED
2 TRADE DEPOT
3 TAJOW INVESTMENT
4 BLUE RIDGE MICROFINANCE BANK LIMITED
5 GROLATECH CREDIT LIMITED
6 BRANCH INTERNATIONAL FINANCIAL SERVICES LIMITED
7 P2VEST TECHNOLOGY LIMITED
8 CREDITWAVE FINANCE LIMITED
9 KEENEST TECH SERVICE LIMITED
10 FAIRMONEY MICRO FINANCE BANK
11 ALTRACRED FINANCE INVESTMENT LIMITED
12 CREVANCE CREDIT LIMITED
13 MENACRED COMPANY LIMITED
14 AFROWIDE DEVELOPMENT LTD
15 RED PLANET NIGERIA LIMITED
16 AFROFIRST MOBILE AND TECHNOLOGY COMPANY LIMITED
17 RANKCAPITAL LIMITED
18 IBS GOLDEN INVESTMENT COMPANY LIMITED
19 LENDVISERY SERVICES LIMITED
20 RENMONEY MICROFINANCE BANK LIMITED
21 SWIPEBILL TECHNOLOGIES NIGERIA LIMITED
22 HOMETOWN FINTECH LIMITED
23 GIASUN TECHNOLOGY NIGERIA LIMITED
24 BE RESOURCES LIMITED
25 ROCKIT LENDERS NIGERIA LIMITED
26 PIVO TECHNOLOGY LIMIED
27 YES CREDIT COMPANY LIMITED
28 IRORUN TECHNOLOGIES LIMITED
29 CSENSE LIMITED
30 SUPREME HELP COOPERATIVE SOCIETY LIMITED
31 ORCOM AND ORCOM BUSSINESS SUPORT LIMITED
32 PAYHIPPO LIMITED.
33 EASYCHECK FINANCE INVESTMENT LIMITED
34 QUARK FINANCIAL NIGERIA LIMITED
35 EDMOND SOLUTIONS COMPANY LIMITED
36 TED ROCKET LIMITED
37 PENAID LIMITED
38 ARVE LIMITED
39 DOVER CREDIT LIMITED
40 RAGEKAY GLOBAL INVESTMENT LIMITED
41 MAYWOOD LENDING LIMITED
42 LINKPARK TECHNOLOGY NIGERIA LIMITED
43 MANGNET LENDING LIMITED
44 RUBYSTAR GLOBAL LIMITED
45 BESTFIN NIGERIA LIMITED
46 FUBRI CENTURY COMPANY LIMITED
47 BERLY SPRING GLOBAL LIMITED
48 ROCK FINANCIALS LIMITED
49 PHOENIX PAYMENT SOLUTION LIMITED
50 VALUE DRIVER TECHNOLOGY SOLUTION LIMITED
51 NEXTPAYDAY LIMITED
BLACKCOPPER SERVICE LIMITED
TRAFALGAR ASSOCIATE LIMITED
WINDVILLE FINANCIAL NIGERIA LIMITED
ORANGE LOAN & PURPLE CREDIT LIMITED
CARBON MICROFINANCE BANK LIMITED
NEO-LINK TECHNOLOGY COMPANY LIMITED
FINNEW FINTECH LIMITED
OTP INTERNET TECHNOLOGY LIMITED
RED HARBOR FINTECH LIMITED
PAYLATER HUB LIMITED
SKITLOAN NIGERIA LIMITED
RACEOVA NIG. LIMITED
NEW CREDAGE NIGERIA LIMITED
BETTERLENDING COMPANY LIMITED
FAST-POINT INTERGRATED LIMITED
APEX LENDING LIMITED
PISKA TECH NIGERIA LIMITED
PRINCEP CREDIT SYSTEM LIMITED
OMALEND SERVICE LIMITED
POCKFUL FINANCE LIMITED
HIGHCREDIT NIGERIA LIMITED
HOLLANDALE NIGERIA LIMITED
PAY FINANCIAL TECHNOLOGY SERVICE LIMITED
A1 CAPITAL SOLUTION LIMITED
NEWEDGE FINANCE LIMITED
PAPICHOU TECHNOLOGY LIMITED
GOHARVEST INTERNATIONAL LIMITED
MINO SPARKS LIMITED
XGO FINANCE LIMITED
PRIMERA MICROFINANCE BANK
CREDIT TECH LENDING COMPANY
PROSPERITY ARCHIPELAGO LIMITED
FINESEST LIMITED
SINGULARITY TECHNOLOGY NIGERIA LTD
ECON MART FINTECH LIMITED
PENNEE TECHNOLOGIES LIMITED
OXYMON SOLUTION LIMITED
LANTANA TECHNOLOGY LIMITED
APPLINK CAPITAL NIGERIA LIMITED
YEGON TECH LIMITED
FEZOTECH NIGERIA LIMITED
ERIC VSTA LIMITED
MOBLASPAY COMPANY LIMITED
PAYCREDIT LIMITED
NIZ SERVICES LIMITED
MINO SPARKS LIMITED
FLO WOOD LENDING
LIBERTY ASSURED LIMITED
UNI TECHNOLOGY NIGERIA LTD
TRADE LENDA COM LIMITED
CREDITVILLE MICROFINANCE BANK LTD
LETSHEGO MICROFINANCE BANK LTD
KIOWOPE CAPITAL LIMITED
VEENDHQ LIMITED
UCPLUS ADVANCE LIMITED
MAVEN FINANCE LIMITED
AELLA FINANCIAL SOLUTIONS LIMITED
FLUNA CAPITAL LIMITED
NEWEDGE FINANCE LIMITED
TA PRIME LIMITED
REGXTA GLOBAL SERVICE LTD
PROVEST LIMITED
JM RUBINUS LIMITED
CROSSROADS E-PAYMENT SYSTEMS LIMITED
CONSYNERGY LIMITED
FINTCRED INNOVATION LIMITED
AFROSAY FINTECH LIMITED
119 MIM FINANCE COMPANY
Conditional Approval
TRIPODBASE LIMITED
OWOAFARA FINTECH SERVICE
AJAX LENDING LIMITED
THE PLATFORM DIGITAL NETWORK LIMITED
ZIPPY CAPITAL LIMITED
LENDING EDGE LIMITED
LENDHA TECHNOLOGIES LIMITED
DOJA LEMAIRE GLOBAL LIMITED
PAYDAYHUB ONLINE NIGERIA LIMITED
RETAIL BOOSTER LIMITED
CITADELE CAPITALS LIMITED
FEWCHORE FINANCE COMPANY LIMITED
ONE PAYOUT LIMITED
LIDYA GLOBAL LIMITED
KWABA INTERNATIONAL LIMITED
FINPADI TECHNOLOGIES LIMITED
UMBA DIGITAL SOLUTIONS LIMITED
FINTRADE SOLUTIONS LIMITED
U TECHNOLOGY
STELLAR FINANCE LIMITED
DASH INNOVATIONS
GRIT-TECH LIMITED
CAELUM TECHNOLOGIES LIMITED
U THINKING NIGERIA LIMITED
EATON HILL INVESTMENT LIMITED
CREDITPRO BUSINESS SUPPORT SERVICES LTD
MUSKA TECH LIMITED
HELPPO AFRICA LIMITED
RENNERS INVESTMENT LIMITED
PEBBLE FINANCIAL TECH. LIMITED
KIAKIA BITS LIMITED
WEALTHBRIDGE CAPITAL PARTNERS LIMITED
TRIVISTA CAPITAL LIMITED
ATIMI LENDING LTD
ZUVY TECHNOLOGIES LIMITED
ROCKSHIELD MICROFINANCE
DOT MICROFINANCE BANK LIMITED
ALLAWEE TECHNOLOGIES LIMITED
LUCRED TECHNOLOGY LIMITED
NOLT FINANCE LIMITED
SOKO LENDING LIMITED
CITYGATE GLOBAL INVESTMENT LIMITED
OLIVERMEAD INVESTMENT LIMITED
LIGHTING FINANCE TECHNOLOGY NIGERIA LIMITED
MENO FINANCE LIMITED
HOIL INVESTMENT LIMITED.
KIREDI ROCK COMPANY LTD
GLOSH TECH LIMITED
CLEMO FRESH CO. LTD
PASSECO TECHNOLOGY NIG. LTD
TRUST CEN LIMITED
RIVERBANK PARTNERS LIMITED
PRIME AVIS INVESTMENT SERVICES LIMITED
RIVERBRAND TECHNOLOGY LIMITED