Day 1–1000: How Tunde Akin-Moses built Sycamore from his living room
Tunde Akin-Moses identified a gap in Nigeria's lending system while working in credit at a consulting firm. Sycamore was launched from Akin-Moses' living room with initial funding of around $50,000 from friends and family.
Inside Sycamore’s ambition to become a financial powerhouse
Sycamore disbursed over ₦40 billion ($27 million) in loans to over 300,000 users in six years. The co-founders faced bizarre collateral demands from potential lenders during their initial pitch.
Sycamore secures SEC licence, appoints new asset management head
Sycamore secured a fund and portfolio management license from the Securities and Exchange Commission (SEC). Oluwagbenga Magbagbeola was appointed to lead Sycamore's asset management division.
Nigerian lender Sycamore expands into asset management with SEC licence
Sycamore has secured a fund manager license from the SEC to operate as a fund and portfolio manager. The company aims to offer diversified portfolios across stocks, bonds, and money-market instruments.
What Nigerian digital lenders can learn from the informal sector
Over 41 million MSMEs in Nigeria provide 60% of the country's jobs. Less than 6% of MSMEs in Nigeria have accessed financing.
