BAS Finance Achieves ₦20 Billion+ Disbursement to SMEs in Nigeria

Landmark achievement underscores fintech’s commitment to financial inclusion and SME empowerment across Nigeria

BAS Finance, Nigeria’s emerging financial technology platform and a member of the BAS Group ecosystem, announced a landmark achievement of ₦20 billion+ in loan disbursements to SMEs. This exceptional milestone reinforces the company’s position as a transformative force in closing Nigeria’s persistent credit gap and driving inclusive economic growth.

Disbursing ₦20 billion+ within a year reflects an unprecedented pace of financial inclusion, enabling thousands of micro, small, and medium enterprises (MSMEs) across Nigeria to access critical growth capital. This rapid scale-up positions BAS Finance among the fastest-growing fintech lenders in the Nigerian market, setting a new benchmark for financial service delivery and entrepreneurial support.

“Achieving ₦20 billion in disbursements is a testament to our conviction that MSMEs are the true drivers of structural economic growth in Nigeria,” said Adnan Kayode, MD/CEO of BAS Finance Company Limited. “Our focus on streamlined access to affordable capital, combined with technology-driven efficiency, has allowed us to serve entrepreneurs faster and better than traditional financial institutions. We’re not just lending; we’re catalyzing economic transformation through structured finance, with a focus on delivering short-tenor working capital solutions to mid-market businesses operating across trade-driven sectors of the economy.

Beyond the landmark disbursement, BAS Finance’s mobilization of ₦2 billion through its Series 1 Private Note Issuance signals strong institutional backing and investor confidence in the company’s business model and impact thesis. This offering, part of the broader ₦10 billion Private Note Issuance Program, demonstrates the market’s appetite for innovative, impact-driven financial solutions that address Nigeria’s critical financing gaps.

The private note issuance strategy reflects BAS Finance’s sophisticated approach to capital deployment and sustainable growth. By diversifying its funding sources through institutional debt instruments, the company is building a more resilient, scalable infrastructure capable of supporting exponential growth while maintaining prudent risk management standards.

Diverse Impact Across Key Sectors

BAS Finance’s ₦20 billion disbursement portfolio spans multiple sectors critical to Nigeria’s economic resilience, including:

Through flexible repayment structures, transparent pricing, and technology-enabled application processes, BAS Finance has made capital access simpler, faster, and more affordable for entrepreneurs historically excluded from traditional banking channels.

A core differentiator for BAS Finance is its digital-first approach. By leveraging data analytics, mobile technology, and API-driven integrations with partners, the company has created a frictionless lending experience that reduces application-to-disbursement timelines from weeks to days. This efficiency has been critical in achieving the company’s aggressive disbursement targets while maintaining rigorous credit standards.

“Our technology platform allows us to serve underserved markets at scale while maintaining credit quality,” said Victor Karim, Executive Director/Chief Operating Officer. “We’re not just fast; we’re smart about how we deploy capital. This combination of speed and prudence is what enables us to scale responsibly in an uncertain economic environment.”

Building the Future of Financial Inclusion

At a time when Nigeria faces persistent economic headwinds, reliable, innovative financial partners have never been more critical. BAS Finance’s achievement demonstrates that with the right technology, team, and commitment to financial inclusion, transformative impact at scale is possible.

“Our mission extends beyond transactions,” noted Chidera Muoka, Chief Marketing Officer at BAS Group. “We’re building a financial ecosystem where access to capital is no longer a privilege for the connected few but a right for every enterprising Nigerian. Our ₦20 billion milestone in one year, combined with institutional validation through our private note issuance, puts us on a clear trajectory to democratize finance and empower a new generation of entrepreneurs.”

BAS Finance Company Limited is a structured finance platform focusing on delivering short-term working capital solutions to mid-market businesses operating across trade-driven sectors of the economy.