As part of their commitment to enable the technology ecosystem in Nigeria, FSDH Merchant Bank- Nigeria's foremost merchant banking group, has partnered with Nigeria’s leading credit bureau agency- CRC Credit Bureau to host an event aimed at simplifying credit worthiness for startups. The webinar themed "Understanding Credit Worthiness and Ratings for Startup Businesses," is set for Thursday, May 2nd, 2024, at 3:00PM WAT.
Small to medium businesses play a crucial role in modern finance but accessing investment funding, especially in Nigeria, can be tricky. Recent closures of nine Nigerian startups, despite raising over $70 million, highlight the necessity for thorough due diligence in investment decisions. Many startups encounter difficulties in understanding creditworthiness and securing loans, underscoring the significance of future fundraising efforts to meet higher profitability standards.
One key obstacle limiting access to finance is creditworthiness. Without a clear understanding of their credit profiles and ratings, startups may struggle to secure funding from banks and investors.
While commenting on the importance of the partnership, the head of Business Banking FSDH Merchant Bank Dennis Ezaga said “At FSDH, we are deeply committed to supporting businesses in the tech ecosystem and contributing to their growth journey. This event is just one example of how we're leveraging partnerships and expertise to provide valuable resources and insights that can help businesses thrive in today's competitive landscape. We look forward to a successful event and to continue supporting businesses in achieving their goals."During the webinar, the speakers will share strategies for improving credit profiles, accessing financing, and overcoming common obstacles faced by startups.
To register for this webinar, visit: https://bit.ly/fsdhcrcforfintechs
About FSDH Merchant Bank
FSDH Merchant Bank is the foremost Merchant Banking Group in Nigeria specialized in providing financial services through Corporate Banking, Business Banking, Investment Banking, Prestige Banking, Custody Banking, Treasury and International Banking services. As a leading financial services organization, we are focused on providing expert, trusted and progressive financial services in Nigeria, in order to create long-term sustainable wealth for our customers and partners. As part of FSDH Group, our co-subsidiaries include: FSDH Asset Management, FSDH Capital, FSDH Merchant Bank and Pensions Alliance Limited (PAL).
For more information, please stay updated on the FSDH website:www.fsdhgroup.com.
About CRC Credit Bureau
The credit bureau duly incorporated and licensed under the laws of the Federal Republic of Nigeria was established by a consortium of Ten (10) leading financial institutions and Dun & Bradstreet with the purpose of delivering credit bureau services in Nigeria.
CRC Credit Bureau provides a nationwide information repository on credit profiles of consumers as well as corporate entities, thus improving the ability of credit providers to make informed lending decisions ranging from customer acquisition, credit analysis and monitoring, skip tracing and recovery.
For more information, please visit www.crccreditbureau.com
