Factoring for Business Financing with Fiducia
We had the pleasure of attending an insightful workshop focused on the strategic use of factoring to unlock financing for businesses. Factoring is a financial tool that enables businesses to access working capital by discounting receivables (i.e., invoices). This ensures liquidity and keeps businesses operational.
Leading digital supply chain finance platform Fiducia hosted the South-South edition of its Factoring Forum in Port Harcourt, marking its first engagement in the region.
Pictured from left to right:
Mrs. Constance Nwokejiobi, FCA – President, Bonny Chamber of Commerce, Hope Yongo – Technical Assistant to the MD, NEXIM Bank, Chukwuka Amadife – COO, Fiducia, Joan Adu – Marketing & Communications Lead, Fiducia, Imohimi Aig-Imoukhuede – CEO, Fiducia, Evi Ufuoma Kanu – Group Head, Commercial Banking South, Access Bank
The event, themed “Unlocking Growth: The Power of Factoring for Business Expansion,” brought together financial experts, corporate leaders, and SMEs to explore how supply chain finance (SCF) can unlock liquidity and fuel business growth—particularly in the oil and gas value chain. The Group Head, CBG South-South at Access Bank, Evi Ufuoma Kanu, was quoted in a statement to have opened the forum by stressing its relevance to regional economic development.
“This platform is not only timely but strategic. It opens up real opportunities for SMEs working with large corporates to scale faster through easier access to finance,” she said.
She added, “Everything they are going to say here today is the future, as FINTECH is innovative and making waves,” signalling the potential of digital finance.
Managing Director/CEO of Fiducia, Imohimi Aig-Imoukhuede, said the event reaffirms the company’s mission to close the financing gap for African businesses.
“Fiducia was built to simplify and democratize access to working capital for SMEs. By digitizing the factoring process, we’re improving efficiency, unlocking capital, and building resilience across value chains,” he said. Fiducia’s platform enables vendors and suppliers to get faster access to cash by trading their receivables with financiers, while offering corporate buyers enhanced liquidity, better supplier relationships, and competitive rates.
With lending restrictions tightening and invoice payment delays hampering growth, the forum showcased how factoring provides an agile, transparent, and scalable solution for SMEs in Nigeria.
This Port Harcourt edition was part of Fiducia’s nationwide effort to deepen financial inclusion by targeting high-impact sectors with scalable digital finance solutions.
We are pleased to announce that Fiducia will be one of our first BITE partners, providing innovative financial solutions tailored to support business growth.
Visit www.fiducia.com now to sign up and get access to top-class financial services.
