Lanre Bakare, the CEO of Factoring and Supply Chain Finances Limited has just recently gotten the approval of the Central Bank of Nigeria to start up it’s operations in Nigeria. The firm was issued a license of operation which gives them the green light to go ahead and offer their services to interested parties. The Factoring and Chain finance company headed by a highly qualified board of directors offers services in reverse factoring, invoice discounting, receivables financing and other services as is listed on their website.
It’s services are bent on helping companies big and small alike to maximize their financial assets by managing their invoices. The Factoring and Supply Chain finance Limited would buy up invoices from companies at a discount while freeing up money for the company to use for expansion processes.
The Factoring and Supply Chain Finances Limited is an African based company that is concerned with helping traders and companies alike to grow. The FSCF is also a member of the Factors Chain International, a Non-Governmental organization based in Netherlands which has about 400 members across 91 states in the world. The presence of the FSCF on this board grants them the privilege of being a member of a cross country network that provides safe factoring services across the globe.
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The head of the board of directors for the FSCF, Chris Oshiafi, in a statement expressed his happiness over the license granted to the company and his hope for a better trade environment and a more stable Nigerian economy. With the receivables factoring services the company offers, he hopes that they would make an impact in the overall growth of companies in Nigeria.
Lanre Bakare, the CEO of FSCF, was delighted by the license granted the company by the Central Bank of Nigeria and expressed his desire to help Small Business enterprises and larger companies to grow. He indicated that this would be a challenge that the company is ready to face as the first receivables finance company to be granted a license in Nigeria.
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