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
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
