The Managing Director/CEO of Fiducia, a digital supply chain finance platform, Mr. Imohimi Aig-Imoukhuede, has unveiled ambitious plans to expand financial inclusion in Africa by focusing on medium enterprises (SMEs) and high-impact sectors. The company aims to provide scalable digital finance solutions that will help businesses grow and overcome current challenges.
Speaking at Fiducia’s South-South edition of the Factoring Forum in Port Harcourt, themed “Unlocking Growth: The Power of Factoring for Business Expansion,” Aig-Imoukhuede emphasized that the event highlights the company’s mission to close the financing gap for African businesses, particularly SMEs.
Digitizing the Factoring Process to Unlock Capital
Aig-Imoukhuede explained that Fiducia was created to simplify and democratize access to working capital for SMEs. He said, “By digitizing the factoring process, we’re improving efficiency, unlocking capital, and building resilience across value chains.”
The platform facilitates faster access to cash for vendors and suppliers by enabling them to trade their receivables with financiers, while offering corporate buyers enhanced liquidity, better supplier relationships, and competitive rates.
Factoring as a Solution to Financial Struggles
With lending restrictions tightening and invoice payment delays slowing down growth, Aig-Imoukhuede pointed out that factoring offers an agile, transparent, and scalable solution to SMEs in Nigeria. This innovative approach allows businesses to maintain operations while managing cash flow effectively.
Industry Leaders Support Financial Inclusion
Evi Ufuoma Kanu, Group Head of CBG South-South at Access Bank, praised Fiducia’s efforts, calling the platform both timely and strategic. She noted, “It opens up real opportunities for SMEs working with large corporations to scale faster through easier access to finance.”
She added that the growing influence of fintech is a clear signal of the potential of digital finance, which is set to revolutionize the way businesses access capital.
Driving Growth in High-Impact Sectors
The forum brought together financial experts, corporate leaders, and SMEs to explore how Supply Chain Finance (SCF) can help unlock liquidity and drive business growth—especially within sectors like oil and gas.
The Port Harcourt edition is part of Fiducia’s nationwide campaign to deepen financial inclusion by targeting high-impact sectors and providing scalable digital solutions to businesses across Nigeria.
