Fiducia, a digital supply chain financing market for Small and Medium Enterprises(SMEs) in Nigeria, has established a partnership with Factors Chain International (FCI), the global representative body for factoring and receivable finance, with over 400 members across 90 countries.
CEO of Fiducia, Aig-Imoukhuede, said, this collaboration marks a significant milestone for the company. Aig-Imoukhuede highlighted FCI’s extensive network of professionals with diverse experience in factoring and receivables finance, providing opportunities for networking, learning, peer-review, and conducting business with industry stakeholders globally.
Expressing enthusiasm about this partnership, Imohimi emphasised how Fiducia’s membership in FCI positions them to play a pivotal role in facilitating funding opportunities for Micro, Small, and Medium Scale Enterprises (MSMEs) across Nigeria and Africa, aiding in their growth and scalability.
Imohimi elaborated on the advantages of FCI membership, citing access to industry education, training, mentorship, knowledge sharing, business opportunities, and market intelligence crucial for the growth of MSMEs in Nigeria and Africa.
He stated that, “FCI stands as a leading global platform for the Factoring and Receivables Finance Industry. By offering cross-border receivables finance solutions, FCI empowers its members to establish a framework for competitive advantage in international trade financing.”
Highlighting the evolving nature of factoring and reverse factoring models in Africa, Imohimi expressed confidence that Fiducia’s collaboration with FCI represents a step towards furthering efforts to standardize and support the growth of factoring across African countries.
