CapitalSage Technology, a Nigerian fintech company, has raised US$4-million in a private company note issuance which will be used to accelerate growth across different markets both in Nigeria and the rest of Africa. The private company note issuance has a 365-day tenor and subscription was arranged by United Capital Plc with participation from institutional investors and fund managers. The company’s ability to raise capital in a private placement reflects that it has evolved into the rated segment of fintech operators.
CapitalSage Technology is a fintech company that was established in 2014 and expanded its offering from just micro-finance into a wide-scope financial technology group servicing individuals, small to medium enterprises, corporate organisations and government institutions. The company rebranded from CreditAssist Investment to CapitalSage in 2020. The company has a portfolio of services that include agency banking, digital savings and investments, value-added services, e-payment systems and platforms, multi-level networking, point-of-sales devices and allied services.