CreditPro Finance is the latest lender to earn full approval as a CBN-licensed financier, marking a major milestone in its evolution from a Lagos-based micro-lender to a credible national institution. The company plans to raise ₦1.4 billion to scale operations, deepen SME financing, and deploy AI-driven digital lending solutions across Sub-Saharan Africa.
This achievement comes at a time of unprecedented regulatory tightening in Nigeria’s digital lending space. As of May 2025, 425 digital lending firms had been formally authorized—with almost 400 fully approved by the FCCPC and some CBN licenses included.([turn0search5], [turn0search7]) But the sector now faces a no-nonsense compliance framework: the Digital, Electronic, Online, or Non-Traditional Consumer Lending Regulations (2025) demand full registration, fair practices, data protection, and consumer safeguards—or face penalties of up to ₦100 million or 1% of turnover, plus potential director bans.
That CreditPro achieved licensing under such scrutiny speaks to its robust governance structure: since 2019, it has disbursed over ₦20 billion to more than 2,500 SMEs, and grew from a modest equity base to a fully controlled institution with institutional oversight. It also established a Board of Directors well in advance, strengthening its compliance posture and ensuring resilience as the sector's regulatory environment intensifies.
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