GOVERANCE

FCCPC Okays 94 Digital Money Lenders

The Federal Competition and Consumer Protection Commission (FCCPC) has approved the operations of 94 companies as digital money lenders in Nigeria.

NewsBeatng reports that only 49 of the digital lenders were given full approval, while the remaining 45 got conditional approval.

FCCPC disclosed this in an update on its ongoing registration of digital money lenders in the country, an exercise targeted at tackling the menace of unlicensed loan apps, otherwise known as loan sharks.

The Commission said it came up with the Limited Interim Regulatory/Registration Framework and Guidelines for Digital Lending in collaboration with the Joint Task Force (JTF) to promote fair, transparent, and beneficial alternative lending opportunities for Nigerians.

 

The guidelines: The guidelines require digital lenders to register with the FCCPC and complete two forms (Form DLG 001 and Form DLG 002).

 

The FCCPC gave digital money lenders 90 days deadline which was extended to January January 31, 2023.

 

Below are the approved money lenders in Nigeria SYCAMORE INTEGRATED SOLUTIONS LIMITED

TRADE DEPOT TAJOW INVESTMENT

BLUE RIDGE MICROFINANCE BANK

LIMITED GROLATECH CREDIT LIMITED

BRANCH INTERNATIONAL FINANCIAL SERVICES LIMITED P2VEST

TECHNOLOGY LIMITED CREDITWAVE

FINANCE LIMITED KEENEST TECH SERVICE LIMITED

FAIRMONEY MICRO FINANCE BANK

ALTRACRED FINANCE INVESTIMENT LIMITED

CREVANCE CREDIT LIMITED

MENACRED COMPANY LIMITED

AFROWIDE DEVELOPMENT LTD

RED PLANET NIGERIA LIMITED

AFROFIRST MOBILE AND TECHNOLOGY COMPANY LIMITED

RANKCAPITALS LIMITED

IBS GOLDEN INVESTMENT COMPANY LIMITED

LENDVISERY SERVICES LIMITED

CREDITWAVE FINANCE LIMITED

RENMONEY MICROFINANCE BANK LIMITED

SWIPEBILL TECHNOLOGIES NIGERIA LIMITED.

HOMETOWN FINTECH LIMITED

GIASUN TECHNOLOGY NIGERIA LIMITED

BE RESOURCES LIMITED

ROCKIT LENDERS NIGERIA LIMITED

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PIVO TECHNOLOGY Limited

YES CREDIT COMPANY LIMITED

FUBRIL CENTURY LIMITED

IRORUN TECHNOLOGIES LIMITED

CSENSE LIMITED

SUPREME HELP COOPERATIVE SOCIETY

LIMITED

ORCOM BUSSINESS SUPORT LIMITED

PAYHIPPO LIMITED.

EASYCHECK FINANCE INVESTMENT LIMITED

QUARK FINANCIAL NIGERIA LIMITED

EDMOND SOLUTIONS COMPANY LIMITED

TED ROCKET LIMITED

PENAID LIMITED

ARVE LIMITED

DOVER CREDIT LIMITED

RAGEKAY GLOBAL INVESTMENT LIMITED

MAYWOOD LENDING LIMITED

LINKPARK TECHNOLOGY NIGERIA LIMITED

MANGNET LENDING LIMITED

RUBYSTAR GLOBAL LIMITED

BESTFIN NIGERIA LIMITED

FUBRI CENTURY COMPANY LIMITED BERLY SPRING GLOBAL LIMITED.

 

Companies with conditional approvals are stated below

 

TRIPPDBASE LIMITED

BLACKCOPPER SERVICE

OWOAFAR FINTECH SERVICE

PAYLATER HUB WINDVILLE FINANCIAL NIGERIA LIMITED

AFROFIRST MOBILE AND TECHNOLOGY COMPANY LIMITED

ORCOM AND ORCOM BUSINESS SUPPORT LIMITED

OTP INTERNET TECHNOLOGY LTD

RED HARBOR FINTECH LIMITED

BERYL SPRING GLOBAL LIMITED

HOMETOWN FINTECH LIMITED

AJAX LENDING LIMITED

RACEOVA NIG. LIMITED

LANTANA TECHNOLOGY LIMITED

THE PLATFORM DIGITAL NETWORK LIMITED

ZIPPY CAPITAL LIMITED

NEO-LINK TECHNOLOGY LIMITED

TRIPOBASE LIMITED

BESTFIN NIGERIA LIMITED

POCKETFUEL FINANCE LIMITED

LENDING EDGE LIMITED

TED ROCKET LIMITED

PENAID LIMITED

ALTARA CREDIT LIMITED

NEW CREDAGE NIGERIA LIMITED

LENDHA TECHNOLOGIES LIMITED

DOJA LEMAIRE GLOBAL LIMITED

PAYDAYHUB ONLINE NIGERIA LIMITED

RETAIL BOOSTER LIMITED

FINNEW FINTECH LIMITED

FEZOTECH NIGERIA LIMITED

ORANGE LOAN & PURPLE CREDIT LIMITED

CITADELE CAPITALS LIMITED

FEWCHORE FINANCE COMPANY LIMITED

A1 CAPITAL SOLUTION LIMITED

ONE PAYOUT LIMITED

LINKPARK TECHNOLOGY NIGERIA LIMITED

LIDYA GLOBAL LIMITED

PHOENIX PAYMENT SOLUTIONS LIMITED

RED PLANET NIGERIA LIMITED

KWABA INTERNATIONAL LIMITED.

MAYWOOD LENDING LIMITED.

PRINCEPS CREDIT SYSTEM LIMITED

LINKPARK TECHNOLOGY NIGERIA LIMITED

FINPADI TECHNOLOGIES LIMITED

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