By Chinenye Anuforo
Digital supply chain finance frontrunner Fiducia has extended its Factoring Forum to the South-South region, holding its inaugural session in Port Harcourt, Rivers State. The forum, centered on the theme “Unlocking Growth: The Power of Factoring for Business Expansion,” convened finance professionals, business executives, and small and medium-sized enterprises (SMEs) to delve into the potential of supply chain finance (SCF) in freeing up capital and driving business expansion, particularly within the oil and gas sector’s value chain.
Evi Ufuoma Kanu, the Group Head of CBG South-South at Access Bank, inaugurated the forum, highlighting its significance for the region’s economic advancement.
“This platform is not only timely but strategic. It opens up real opportunities for SMEs working with large corporates to scale faster through easier access to finance,” she emphasized.
She further stated, “Everything they are going to say here today is the future, as FINTECH is innovative and making waves,” underscoring the transformative power of digital financial solutions.
Imohimi Aig-Imoukhuede, Fiducia’s Managing Director/CEO, affirmed that the event reinforced the company’s commitment to bridging the financing gap for businesses across Africa.
“Fiducia was built to simplify and democratize access to working capital for SMEs. By digitizing the factoring process, we’re improving efficiency, unlocking capital, and building resilience across value chains,” he explained.
Fiducia’s platform facilitates quicker access to funds for vendors and suppliers by enabling them to trade their outstanding invoices with financiers. Simultaneously, it offers corporate buyers enhanced liquidity, improved supplier relationships, and competitive pricing.
Against a backdrop of tightening lending conditions and invoice payment delays impeding growth, the forum illustrated how factoring offers a flexible, transparent, and scalable financial tool for Nigerian SMEs.
This Port Harcourt event is a component of Fiducia’s national strategy to enhance financial inclusion by focusing on key industries with adaptable digital finance solutions.