Capsa Technology, a trailblazing fintech company in Nigeria, has achieved a remarkable 300% surge in transaction volume, redefining cash flow solutions for small and medium-sized enterprises (SMEs).
This extraordinary milestone comes amidst Nigeria’s challenging economic climate, as businesses increasingly turn to innovative platforms to sustain operations and seize growth opportunities. By offering invoice factoring services that provide immediate liquidity, Capsa has positioned itself as a lifeline for SMEs navigating delayed payments and tightening financial conditions.
Founded in 2021, Capsa Technology has quickly emerged as a key player in Nigeria’s fintech landscape. The company’s core service, an invoice factoring platform, enables businesses to convert pending invoices into cash within 48 hours. This swift access to funds addresses a critical pain point for SMEs, which often wait between 30 to 120 days for payments from larger corporations.
By the close of October 2024, Capsa had facilitated over ₦15 billion (approximately $36 million) in trades, a testament to its growing influence in Nigeria’s financial ecosystem.
CEO Mustapha Suberu credited the company’s success to its ability to meet the urgent cash flow needs of businesses in a volatile market. He described the platform as a vital solution for enterprises striving to remain competitive and operational in tough economic conditions.
Capsa’s platform serves as a digital marketplace where suppliers can sell their unpaid invoices to investors, receiving immediate cash while allowing buyers to pay at their original invoice deadlines. This model has proven transformative for SMEs operating in complex supply chains, especially in sectors like fast-moving consumer goods (FMCG).
According to Chief Sales and Marketing Officer Segun Dada, one FMCG client achieved a 400% increase in transaction volume this year, highlighting the platform’s capacity to drive growth and stability in otherwise precarious business environments.
Capsa has also made significant strides in supporting women-led enterprises, with over 26% of its transactions this year involving female entrepreneurs. Many of these businesses reported a 200% increase in their transaction volumes, underscoring the platform’s role in fostering inclusivity and empowering underrepresented groups.
Segun Dada emphasized Capsa’s commitment to building resilience across diverse supply chain stakeholders, viewing this as essential for long-term economic growth.
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