Checkout Full List Of FG Approved Digital Money Lenders In Nigeria

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

From the cache of companies, the commission stated that only 49 of the digital lenders were given full approval, while the remaining 45 got conditional approval.

The agency disclosed this in an update on its ongoing registration of digital money lenders in the country.

Brand Spur Nigeria recalls that Nigerians have been the target of unlicensed loan apps, otherwise known as loan sharks., which has brought disgrace and threat to unsuspecting users.

FCCPC 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 require digital lenders to register with the FCCPC and complete two forms; Form DLG 001 and Form DLG 002. Form DLG OO1 is the registration form that requires the applicant company to provide identification and operational information to the FCCPC, while Form DLG 002 contains declarations relating to legitimacy; compliance with applicable regulatory requirements; lawful source of funds and conformity with anti-money laundering; and data protection laws.

Recall that the commission had last year given all the digital money lenders 90 days to comply with these guidelines; it later extended the deadline, which expired on November 14, 2022, to January 31, 2023.

Checkout Full List Of FG Approved Digital Money Lenders In Nigeria

This is a list of the 49 digital money lenders that have secured full approval from the FCCPC:

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

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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 LIMIED

YES CREDIT COMPANY LIMITED

FUBRIL CENTURY LIMITED

IRORUN TECHNOLOGIES LIMITED

CSENSE LIMITED

SUPREME HELP COOPERATIVE SOCIETY LIMITED

ORCOM AND 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.

These 45 companies have secured conditional approvals from the commission. This means that they still have some requirements to meet before they can get the full approval:

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.