Following Links Microfinance Bank's acquisition, DLM, a leading development investment bank, has revealed its plans of venturing into Nigeria's fintech space.
DLM Capital Group will now be able to operate small scale banking services in Nigeria owing to the acquisition of the license.
The license will pave the way for the company's launch of Sofri, DLM's star digital lending brand, in the second quarter of this year.
The acquisition of Links Microfinance bank and DLM's involvement in fintech will enable them to deliver more value for corporates and consumers.
"We are particularly excited about our acquisition of Links MFB and how it enhances the growth trajectory of our business. This highly strategic acquisition represents another significant milestone for us on our journey as a resilient and well-capitalized financial institution with advanced scale and capacity to deliver sustainable and best-in-class financial services within the Nigerian market. We are confident that this decade will be bullish for Nigeria's tech space and are ready to work with the fintech community in strengthening the solutions necessary to meet consumer needs." Chinwendu Ohakpougwu, the Corporate Communications Manager at DLM Capital Group.
DLM Capital Group prides itself as a foremost developmental investment bank in Africa and functions as a sole arranger to more than 80% of structured finance transactions in Nigeria, with 100% of all securitization transactions in the market currently.
