Nigerian Fintech CapitalSage Technology Raises USD 4 Mn Funding

CapitalSage Technology Limited, a Nigerian fintech startup, has secured N2.2 billion (USD 4 Mn) in a Series 1 Private Company Notes (PCN) issuance as part of its N10 billion ((USD 24.30 Mn) program to help the company expand into new markets in Nigeria and Africa.

The Series 1 issuance, with a 365-day tenor, was subscribed with firm commitments from Fund managers and other institutional investors. United Capital Plc acted as Sole Adviser and Arranger on the transaction.

CapitalSage is an integrated digital financial service group that provides people-driven empowerment and inclusive solutions to individuals and businesses for continuous value and wealth creation in Africa.