DLM Capital Group Acquires Links MFB, To Launch Sofri Fintech Lending Service in Q2, 2021

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Friday, April 09, 2021 / 05.30PM / DLM Capital Group / Header Image Credit: DLM Capital Group

 

DLM Capital Group, a Developmental Investment Bank that provides innovative solutions to economic and social developmental challenges, has taken a significant step in deepening financial services in Nigeria.

 

The Group acquired Links Microfinance Bank and is set to launch its digital lending brand, Sofri in the second quarter of this year. This will position DLM to deliver even more value for corporates and consumers.

 

The Links MFB acquisition represents both an entry into new businesses and complementary enhancements to the institution's existing subsidiaries. First, this prospect opens new market opportunities for the bank on the African continent. Second, the acquisition will enable the institution to exit its 'legacy bank' visibility and work more closely with the fintech community to build a'challenger bank' brand that proffers innovative technological solutions for the Nigerian market.

 

The Corporate Communications Manager at DLM Capital Group, Chinwendu Ohakpougwu stated: "We are particularly excited about our acquisition of Links MFB and how it enhances the growth trajectory of our business. This highly strategic acquisition represents another significant milestone for us on our journey as a resilient and well-capitalized financial institution with advanced scale and capacity to deliver sustainable and best-in-class financial services within the Nigerian market. We are confident that this decade will be bullish for Nigeria's tech space and are ready to work with the fintech community in strengthening the solutions necessary to meet consumer needs."

 

DLM also alluded to the fact that the Fintech Market in Nigeria is an emerging one with a big space, and the firm seeks to create a niche for itself, while it is fully aware of the activities of the conventional banks. Chinwendu Ohakpougwu added that as DLM gains traction in the Microfinance and Fintech space in Nigeria, it will also consider expanding to other African markets.

  

DLM Capital Group prides itself as a foremost developmental investment bank in Africa and functions as sole arranger to more than 80% of structured finance transactions in Nigeria with 100% of all securitization transactions in the market currently.  

 

Since its inception, the bank has concentrated on creating markets, products, and long-term financing solutions to key sectors of the Nigerian economy that would benefit end customers to improve their well-being.  The investment bank comprises of subsidiaries in bespoke corporate finance advisory, trustee, asset management, and securities trading arms, to sovereign/sub-sovereign entities as well as private & non-private corporations. The bank thrives on funding sectors of the Nigerian economy using innovative financing techniques, in particular, securitization and other structured finance techniques.

 

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