Sycamore boosts peer lending to individuals, SMES
TO address the difficult and cumbersome process of financial empowerment, Sycamore.ng says it is committed to promoting credit culture in Nigeria, by providing secured loans to individuals, Micro, Small and Medium Enterprises through the creation of a peer-to-peer lending platform.
Sycamore said it had a solution to bring about financial freedom to its customers by connecting individuals or businesses looking for a good opportunity to diversify their income with responsible borrowers.
In a statement, it said, “As a subscriber to the platform, you have the ability to either identify and select loan contracts yourself or simply opt to have your portfolio managed autonomously.
“Our platform provides a compelling combination of liquidity, low volatility and attractive returns.”
The Chief Executive Officer Sycamore, Mr Tunde Akin-moses, stated, “It is no secret that access to finance is one of the main issues affecting the rapid growth of individuals and businesses in Africa.
“Our mission is for individuals to achieve more through organised lending and borrowing.”
The Chief Marketing Officer, Miss Onyinyechukwuka Okonji, said “Sycamore growth so far has been based on great customer experiences and the effectiveness of word of mouth marketing.
“Improved marketing efforts are being made to attract new lenders and credible borrowers.”
The Chief Operations Officer, Mr Mayowa Adeosun stated that, “a marketplace exists with the Sycamore P2P lending with investments designed for individuals seeking long-term capital preservation and growth, this fund offers competitive returns compared to the average online lenders.”